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Question: Do you agree with idea "Bitcoin bank" ?
Yes
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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)
leisha
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October 19, 2017, 10:25:18 PM
 #2401

For me, it is not a good idea to use bitcoin bank because it will become more prone to hackers. If most of the bitcoiners use this bank, many bitcoins will be collected by the bank and that bank will be the one that hackers will hack and if hackers hacked that bank, all of our bitcoin might lost.

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October 19, 2017, 10:26:10 PM
 #2402

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
Of course I agree with bitcoin bank. It's more interesting because many people in my country will be able to know more bitcoin. The people in my country really need to see how legit bitcoin is so if ever this proposal will be real in the future, so it will be easier to access everything especially the people from my country always see something first or an appearance of something before they believe. And I think this is the best idea in order to have a strong name in our society and I believe if bitcoin bank is made, many people will invet to it.

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October 19, 2017, 10:33:37 PM
 #2403

does not bitcoin already have a bank? ie the wallet that I think is very safe and also no expenses for tax expenses each month then the fee provided is also slightly unlike conventional bank banks that exist today
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October 19, 2017, 10:36:36 PM
 #2404

It would not make much sense, since you would not be enjoying the best features Bitcoin has to offer, but some people like to rely on third parties to manage part of their funds. In that case, it is understandable that some people like this idea.

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October 19, 2017, 10:38:24 PM
 #2405

does not bitcoin already have a bank? ie the wallet that I think is very safe and also no expenses for tax expenses each month then the fee provided is also slightly unlike conventional bank banks that exist today
I agreed with you bitcoin bank is doesnt need anymore it does not make sense since we already using bitcoin wallet where we can stock them and better to use bank if the price of bitcoin is not changing every week and ofcourse the bank will gain profit because you stocking the bitcoin there and they will turn that into fiat thing

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October 19, 2017, 10:41:54 PM
 #2406

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.
Yes I agree with the idea of having bitcoin bank. Because bitcoin has been helpful to many people and I believe that many people will support if time will come that bitcoin bank will be possible.Bitcoin has changed many lives and has been an aid on providing the financial needs of those in need.
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October 19, 2017, 10:51:41 PM
 #2407

Yes, even Hal Finney predicted in this very forum that there would be Bitcoin Banks someday. However, they will not be like banks today. No fractional reserve lending. If they want to loan out money, they have to have it on deposit from someone else.

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October 19, 2017, 10:56:07 PM
 #2408

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 don't like the idea of having that Bitcoin Bank that will allow to handle my bitcoin. I will not let others do it for me. I would choose to keep it on my own goog or converted it into fiat that let someone keep and monitor my bitcoin.

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October 19, 2017, 10:58:32 PM
 #2409

Yes, even Hal Finney predicted in this very forum that there would be Bitcoin Banks someday. However, they will not be like banks today. No fractional reserve lending. If they want to loan out money, they have to have it on deposit from someone else.

And that will be possible but in my opinion it's not going to happen, bitcoin will be bitcoin and banks will be banks. If that will happen then everything in this world will be on digital, people will be working at their homes or companies that are more focused with crypto's. I wonder on how much they are going to put with the interest if I'm going to deposit some bitcoin there.



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October 19, 2017, 11:23:44 PM
 #2410

Yes, why not? Your btc will be in safe. btw have you ever heard something about Confideal?  I was a big fun of red pulse but by now its too sad.  Smiley
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October 19, 2017, 11:25:34 PM
 #2411

A Bitcoin bank is the exact opposite of what Bitcoin was created for... Bitcoin was specifically created to stop centralized banks. And with the technology behind it a bank isn't required either.

I'm surprised that the fresh blood doesn't seem to have any understanding of Bitcoin's purpose...

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October 19, 2017, 11:31:35 PM
 #2412

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 don't think so. One of the main characteristics of BTC is that it is decentralized and cannot be controlled by somebody. Bitcoin is decentralized and yet will be needing bitcoin bank to manipulate our existing BTC.

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October 19, 2017, 11:32:05 PM
 #2413

I agree with you . that bitcoin gives us an exceptional service. we have full access without any deletions. we are free of any embarrassing, we can get anything with bitcoin. This is a remarkable thing. bitcoin bank will make us powerful. its the futur
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October 19, 2017, 11:38:35 PM
 #2414

I agree with you . that bitcoin gives us an exceptional service. we have full access without any deletions. we are free of any embarrassing, we can get anything with bitcoin. This is a remarkable thing. bitcoin bank will make us powerful. its the futur

No it's not. There's no point in having a Bitcoin bank. Please go and educate yourself on why Bitcoin was created in the first place.

Also, why would you want a Bitcoin bank? You already have a fully functional wallet.

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October 19, 2017, 11:50:39 PM
 #2415

I'm not sure this idea will works on, maybe its a long process with it and to become bitcoin legalized if ever have a bitcoin bank. It is also controlled by our government if ever happened. What is the used of our wallet its just like a bank easy to spend our bitcoin, safe and secure our bitcoin storage. But if bitcoin do that idea have a bitcoin bank we need to follow just for our own good and for the future of bitcoiners.

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October 20, 2017, 12:41:49 AM
 #2416

I also disagree with that crazy idea , what guarantee does the bank offer for security ? it is difficult to be realized because of the decentitization of Bitcoin.
although Bitcoin transactions are Transparent but it is still difficult to trace who owns them.

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October 20, 2017, 12:47:55 AM
 #2417

I don't get the point of having Bitcoin Bank in cryptocurrency. I am not in favor of this kind of idea.  What i most like about BTC is for being decentralized.

In my opinion, having bitcoin bank may let BTC become centralized because a new party may control our BTC.

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October 20, 2017, 12:58:16 AM
 #2418

I also disagree with that crazy idea , what guarantee does the bank offer for security ? it is difficult to be realized because of the decentitization of Bitcoin.
although Bitcoin transactions are Transparent but it is still difficult to trace who owns them.
Tracing isn't so much the problem. But if the bank "loses" access to the coins there will be nobody to bail the people out and the money will be lost. So it's better to store the coins yourself.

augmentedinvestor
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October 20, 2017, 01:04:34 AM
 #2419

I think people have proven too stupid in some cases to handle the responsibility of handling their own private key. I think there is market demand for a person to have "peace of mind" by locking it up in multi-signature wallets in physical underground locations, for a premium of course.
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October 20, 2017, 01:14:43 AM
 #2420

I also disagree with that crazy idea , what guarantee does the bank offer for security ? it is difficult to be realized because of the decentitization of Bitcoin.
although Bitcoin transactions are Transparent but it is still difficult to trace who owns them.
Tracing isn't so much the problem. But if the bank "loses" access to the coins there will be nobody to bail the people out and the money will be lost. So it's better to store the coins yourself.
Like any other Bank they can control our money. And if Bank Bitcoin is there it means BTC also they can be controlled and store data wallet like Private key. I do not think it will be safe there.

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