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Question: Do you agree with idea "Bitcoin bank" ?
Yes
No
I don't know/I'm not sure yet
I don't care

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Author Topic: Do you agree with idea "Bitcoin bank" ?  (Read 141588 times)
Trela
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October 18, 2017, 08:51:53 PM
 #2381

Lots of people use Bitcoin so they don't have to rely on banks, so what's the point if you're going to use a bank anyway? Lol. But yeah, we are capable enough of protecting our own coins. There should be no need for banks.
Yeah, we can hold our Bitcoin and use it for loans through loans services or some exchanges support it. Of course, I know the risk of cryptocurrency always higher than banking system, but I do not want to put my money into any place, because it means I support Bitcoin become centralization.

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October 19, 2017, 12:41:47 AM
 #2382

Individually I would never use it! but something can make bitcoin much more popular to the mass it could be good for us as well! we want as numerous different techniques as possible to make it more trustable to every person


I'm not too sure about that. At least I would have waited for even greater bursts of bitcoin and then I would think of something like that. I sincerely doubt that such a thing could be checked now.
You must to remember we are using Bitcoin with decentralization network, if we have Bitcoin Bank, how to keep this nature? Beside that, hacker will take advantage this function and hack the banks system to rob all Bitcoin.

Why do you guys think that a bank means centralisation necessary?

And by the way, decentralized networks are also have a risk to be hacked.

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phpartisanmaster
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October 19, 2017, 01:11:39 AM
 #2383

I dont agree with this idea. One of the reason of  why i like bitcoun is that provides payment directly from sender to consegnee.i think bank will be an additional link in the transactions.

Well the main reason why other people might not agree of a bitcoin bank is because it was really hard to register if it will be placed in a bank and there is so many papers to register and it was less security because hackers will target the banks.


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October 19, 2017, 01:38:00 AM
 #2384

I think this is worst idea about bitcoin. Actually we don't needed any bitcoin bank. Bitcoin bank may be couldn't use properly, this is not important for bitcoin. Bitcoin bank is not need for bitcoin users.

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October 19, 2017, 01:41:26 AM
 #2385

I dont agree with this idea. One of the reason of  why i like bitcoun is that provides payment directly from sender to consegnee.i think bank will be an additional link in the transactions.
An intermediary participation will surely increase the transaction fee, because a small amount gets charged by them as Western Union and other services. This doesn't make any difference between bitcoin from other services. Taking it into thinking bitcoin banking system will not be that effective.

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October 19, 2017, 01:45:53 AM
 #2386

I dont agree with this idea. One of the reason of  why i like bitcoun is that provides payment directly from sender to consegnee.i think bank will be an additional link in the transactions.
An intermediary participation will surely increase the transaction fee, because a small amount gets charged by them as Western Union and other services. This doesn't make any difference between bitcoin from other services. Taking it into thinking bitcoin banking system will not be that effective.

Transaction fees not necessary will increase. Imagine a service consolidates transactions into one big transaction and operates it. For one big transaction could be even lower than for many separate ones.

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October 19, 2017, 01:49:40 AM
 #2387

Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.

Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.
I do not agree with the implementation of Bitcoin Bank. Because if it happens I'm sure the transaction fee will be more expensive.

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October 19, 2017, 01:53:28 AM
 #2388

I think it should have. Bitcoin will get a new way to be popular and be famous. Then it will get out from restriction of many countries.so it’s nice
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October 19, 2017, 02:06:04 AM
 #2389

Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.

Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.
Actually it defeats the purpose and the beautiful features of bitcoin which are decentralized system and anonymity. If bitcoin be out in a bank, then what separates it from other bank? Where will they get operational expenses like site maintenance and for the support people? From here, I can see that those who will pinoeer on this one will suggest that part of bitcoin deposit be part of the maintenence of the bitcoin bank. Dozens of identification will be required of the depositors. Thus, the downfall of bitcoin and the rise of other altcoins. I do nkt like and will not support this one.

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October 19, 2017, 06:51:17 AM
 #2390

definitely here in my country have a one bitcoin bank in the famous city yes i agree bitcoin to become operate in the banking system all over the world it blessing for us bitcoin used transaction through online banking thats the evidince bitcoin are goes up to famous.
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October 19, 2017, 06:59:06 AM
 #2391

Bank is a term that implies someone else will manage your money.  I think that's irrelevant  in Bitcoin because each person still handles every transaction themselves. I think the concept of a bitcoin SERVICES bank will be awesome.  Imagine a place where you can get a loan based on Bitcoin income in the same stop as the place where you could convert btc into other currencies, and a place you could invest in a mining pool.  All in one place. While it isn't a bank, it is a similar operation minus the centralized hand of power.

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October 19, 2017, 07:23:15 AM
 #2392

I think this is nonsense. Why is it necessary? That's the beauty of bitcoin is that even keeping it at home, you can be sure in safety and enjoy all its benefits.
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October 19, 2017, 09:39:16 AM
 #2393

I think this is nonsense. Why is it necessary? That's the beauty of bitcoin is that even keeping it at home, you can be sure in safety and enjoy all its benefits.
Without bank we will be more secure as we do not need to give our information to the bank and entrust it to them, the reason why we are using bitcoin is because we have to achieve a complete freedom and we can keep our private information our self. When you put your bitcoin in a bank, of course that is going to be subject for the rules and you have to comply when you violated they have the right to freeze your account which is going to be our nightmare.

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October 19, 2017, 09:43:41 AM
 #2394

I think this is nonsense. Why is it necessary? That's the beauty of bitcoin is that even keeping it at home, you can be sure in safety and enjoy all its benefits.
Without bank we will be more secure as we do not need to give our information to the bank and entrust it to them, the reason why we are using bitcoin is because we have to achieve a complete freedom and we can keep our private information our self. When you put your bitcoin in a bank, of course that is going to be subject for the rules and you have to comply when you violated they have the right to freeze your account which is going to be our nightmare.
with my practical experience in bank i am not agree with this idea about bitcoin bank because when we keep our bitcoin in bank then we should follow the rules of bank and rules of bank are very strange and they have full authority that any time government can block your account for you while if we keep bitcoin in our bitcoin wallet then its more secure and have very low transaction fee also.

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October 19, 2017, 10:00:43 AM
 #2395

Bank is a term that implies someone else will manage your money.  I think that's irrelevant  in Bitcoin because each person still handles every transaction themselves. I think the concept of a bitcoin SERVICES bank will be awesome.  Imagine a place where you can get a loan based on Bitcoin income in the same stop as the place where you could convert btc into other currencies, and a place you could invest in a mining pool.  All in one place. While it isn't a bank, it is a similar operation minus the centralized hand of power.


you have your point i think thats right if there is a bank for bitcoin the transaction also may become not totally worst but lets just see the positive that might happenif there should be a bank for bitcoin. maybe i may agree with that this idea cant be good and not may work for a good reason.

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October 19, 2017, 10:03:34 AM
 #2396

Threat of Cyber attacks are increasing every year. Since we are now in a digital era, the safety of our cryptocurrencies should be taken seriously. Not all of us are knowledgeable on how to safekeep their coins, but even you knew some wants that a third party may do the safekeeping. Me also, I want others that will safe keep my coins. That is why I want Bitcoin bank.

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October 19, 2017, 10:26:10 AM
 #2397

I think this is nonsense. Why is it necessary? That's the beauty of bitcoin is that even keeping it at home, you can be sure in safety and enjoy all its benefits.
Without bank we will be more secure as we do not need to give our information to the bank and entrust it to them, the reason why we are using bitcoin is because we have to achieve a complete freedom and we can keep our private information our self. When you put your bitcoin in a bank, of course that is going to be subject for the rules and you have to comply when you violated they have the right to freeze your account which is going to be our nightmare.
with my practical experience in bank i am not agree with this idea about bitcoin bank because when we keep our bitcoin in bank then we should follow the rules of bank and rules of bank are very strange and they have full authority that any time government can block your account for you while if we keep bitcoin in our bitcoin wallet then its more secure and have very low transaction fee also.
But finally, why do you need have bank for Bitcoin? I always doubt do the Bitcoin community want to Bitcoin become centralization system? Bitcoin does not need to have bank, because it is destructiving the nature of Bitcoin.

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October 19, 2017, 11:19:21 AM
 #2398

Lots of people use Bitcoin so they don't have to rely on banks, so what's the point if you're going to use a bank anyway? Lol. But yeah, we are capable enough of protecting our own coins. There should be no need for banks.
Yeah, we can hold our Bitcoin and use it for loans through loans services or some exchanges support it. Of course, I know the risk of cryptocurrency always higher than banking system, but I do not want to put my money into any place, because it means I support Bitcoin become centralization.
thats right, if you support bitcoin bank it will be the same you support with the centralized system, because basically the bank uses that system, when you use bitcoin bank there will be rules you have to obey and of course you will not be free anymore because your bitcoin is also controlled by them, one of the bitcoin  bank's advantages is you can borrow money on there and earn interest for your savings, otherwise I do not see anything else that special ?

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October 19, 2017, 05:00:59 PM
 #2399

Lots of people use Bitcoin so they don't have to rely on banks, so what's the point if you're going to use a bank anyway? Lol. But yeah, we are capable enough of protecting our own coins. There should be no need for banks.
Yeah, we can hold our Bitcoin and use it for loans through loans services or some exchanges support it. Of course, I know the risk of cryptocurrency always higher than banking system, but I do not want to put my money into any place, because it means I support Bitcoin become centralization.
the existence of bitcoin banks will undoubtedly remove the decentralization of the bitcoin itself, because when they use bitcoin banks then all of their bitcoin will be controlled by the third party or the bank itself, and the worse usually the bank will ask for your identity for the purposes of data completeness, and of course anonymous from bitcoin will disappear when you use bitcoin bank, I myself do not really agree any bitcoin bank

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October 19, 2017, 10:15:16 PM
 #2400

For me bitcoin in bank is safe way to store because if your bitcoin is in your wallet...there is a potential it may be hack...bank have a securety technology that is very difficult to hack..so i think bitcoin in back is more safer than atore in your wallet

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