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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 139510 times)
topesis
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November 12, 2016, 10:24:16 AM
 #381

I think Bitcoin was created to go against these big banks centralisation and it gives power back to the people, why would I need to trust someone with my Bitcoin if I can easily keep it safe by myself in my wallet. I just can't comprehend the idea. I can move money to any part of the world in 10 mins once I have access to internet so do I still need to trust someone to do this for me.

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November 12, 2016, 10:36:43 AM
 #382

Those peoople are interested into get some kind of interest on their bitcoins, something we can get with lending at poloniex, besides that i dont see any advantage into let my bitcoin under the control of banks, bitcoin its freedom, if people let the coins into a bank, bitcoin will be useless.
You are right, bitcoin is freedom and we are decentralized while bank are centralized. It's hard to consolidate the two as one should be inferior and I believe we are inferior when it comes to transaction online. We should fight for our freedom as we do not need bank because we can do banking here in the blockchain.

In our world, there's no one controlling us and we can continue to be anonymous as long as we want.

I agree and I do not think that we need a bank because its honestly not needed, the bitcoin is already doing well and why would be need a bank for what if I may ask ??
no need for you does not mean useless for others, it's possible someone is more interested in saving bitcoin them in the bank because they think could benefit from interest

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November 12, 2016, 10:49:43 AM
 #383

I think Bitcoin was created to go against these big banks centralisation and it gives power back to the people

That's exactly the case. It's funny how a lot people say that they hate banks because they can't control their money, but when it comes to a Bitcoin bank, which is nothing official or whatever, people think it's a great thing. They can earn interest, it can boost the adoption, etc. All nonsense that only noobs believe in.

why would I need to trust someone with my Bitcoin if I can easily keep it safe by myself in my wallet.

The best thing is, you don't have to trust anyone. Grin It's you that is in control over every aspect of your financial situation, and not a greedy bank that is gambling with your savings on the financial markets. If they gain immensely high profits, you don't get a dime. If they mess up big time, you get to pay the bill. Criminals!!

I can move money to any part of the world in 10 mins once I have access to internet

Actually, you can transfer money to anywhere in the world instantly with Bitcoin. It's just the confirmation time that may take you some time to wait.

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November 12, 2016, 12:15:38 PM
 #384

Bitcoin bank will simply mean centralized bitcoin wallet just like coinbase and xapo which we already have and many have faced several limitations and account frozen in past from them. So i don't think bitcoin bank is needed by bitcoin community.


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November 12, 2016, 04:45:47 PM
 #385

I think Bitcoin was created to go against these big banks centralisation and it gives power back to the people

That's exactly the case. It's funny how a lot people say that they hate banks because they can't control their money, but when it comes to a Bitcoin bank, which is nothing official or whatever, people think it's a great thing. They can earn interest, it can boost the adoption, etc. All nonsense that only noobs believe in.

why would I need to trust someone with my Bitcoin if I can easily keep it safe by myself in my wallet.

The best thing is, you don't have to trust anyone. Grin It's you that is in control over every aspect of your financial situation, and not a greedy bank that is gambling with your savings on the financial markets. If they gain immensely high profits, you don't get a dime. If they mess up big time, you get to pay the bill. Criminals!!

I can move money to any part of the world in 10 mins once I have access to internet

Actually, you can transfer money to anywhere in the world instantly with Bitcoin. It's just the confirmation time that may take you some time to wait.


I don't see the big problem of being pro-bitcoin and being pro-bitcoin-bank at the same time. Ultimately it's all about freedom and having choices. If you have bitcoin, you are free to kept them yourself. But if you want to not take care of the bitcoin yourself and deposit it in a 3rd party that says will take care of them for you, then let those people have that choice as well. As long as we can be our own bank, who cares if bitcoin banks exist.

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November 12, 2016, 04:55:11 PM
 #386

I think Bitcoin was created to go against these big banks centralisation and it gives power back to the people

That's exactly the case. It's funny how a lot people say that they hate banks because they can't control their money, but when it comes to a Bitcoin bank, which is nothing official or whatever, people think it's a great thing. They can earn interest, it can boost the adoption, etc. All nonsense that only noobs believe in.

why would I need to trust someone with my Bitcoin if I can easily keep it safe by myself in my wallet.

The best thing is, you don't have to trust anyone. Grin It's you that is in control over every aspect of your financial situation, and not a greedy bank that is gambling with your savings on the financial markets. If they gain immensely high profits, you don't get a dime. If they mess up big time, you get to pay the bill. Criminals!!

I can move money to any part of the world in 10 mins once I have access to internet

Actually, you can transfer money to anywhere in the world instantly with Bitcoin. It's just the confirmation time that may take you some time to wait.


I don't see the big problem of being pro-bitcoin and being pro-bitcoin-bank at the same time. Ultimately it's all about freedom and having choices. If you have bitcoin, you are free to kept them yourself. But if you want to not take care of the bitcoin yourself and deposit it in a 3rd party that says will take care of them for you, then let those people have that choice as well. As long as we can be our own bank, who cares if bitcoin banks exist.
There is a usage for bitcoin banks if they this is release in the future it can be build more trust by people.. you know some people don't know about bitcoin and they dont know how to deposit or withdraw bitcoin so if we have a bank it can help to build trust and to increase the popularity of bitcoin there is no case if bitcoin banks exist..


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November 12, 2016, 05:12:35 PM
 #387

Those peoople are interested into get some kind of interest on their bitcoins, something we can get with lending at poloniex, besides that i dont see any advantage into let my bitcoin under the control of banks, bitcoin its freedom, if people let the coins into a bank, bitcoin will be useless.
You are right, bitcoin is freedom and we are decentralized while bank are centralized. It's hard to consolidate the two as one should be inferior and I believe we are inferior when it comes to transaction online. We should fight for our freedom as we do not need bank because we can do banking here in the blockchain.

In our world, there's no one controlling us and we can continue to be anonymous as long as we want.

I agree and I do not think that we need a bank because its honestly not needed, the bitcoin is already doing well and why would be need a bank for what if I may ask ??

We indeed do not need one at all, its already going well with the bitcoin and due to that I think its not needed for us..
We just have the wallets and that is already good enough!
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November 12, 2016, 06:59:40 PM
 #388

Those peoople are interested into get some kind of interest on their bitcoins, something we can get with lending at poloniex, besides that i dont see any advantage into let my bitcoin under the control of banks, bitcoin its freedom, if people let the coins into a bank, bitcoin will be useless.
You are right, bitcoin is freedom and we are decentralized while bank are centralized. It's hard to consolidate the two as one should be inferior and I believe we are inferior when it comes to transaction online. We should fight for our freedom as we do not need bank because we can do banking here in the blockchain.

In our world, there's no one controlling us and we can continue to be anonymous as long as we want.

I agree and I do not think that we need a bank because its honestly not needed, the bitcoin is already doing well and why would be need a bank for what if I may ask ??
yes i also agree with you, but to me may be in future we feel the need of bitcoin banks, when the users of bitcoin will increase too much and we also feel the need to have ATM machines in public places and in market so that people can get benefit from it on the spot.

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November 12, 2016, 07:03:30 PM
 #389

Those peoople are interested into get some kind of interest on their bitcoins, something we can get with lending at poloniex, besides that i dont see any advantage into let my bitcoin under the control of banks, bitcoin its freedom, if people let the coins into a bank, bitcoin will be useless.
You are right, bitcoin is freedom and we are decentralized while bank are centralized. It's hard to consolidate the two as one should be inferior and I believe we are inferior when it comes to transaction online. We should fight for our freedom as we do not need bank because we can do banking here in the blockchain.

In our world, there's no one controlling us and we can continue to be anonymous as long as we want.

I agree and I do not think that we need a bank because its honestly not needed, the bitcoin is already doing well and why would be need a bank for what if I may ask ??
yes i also agree with you, but to me may be in future we feel the need of bitcoin banks, when the users of bitcoin will increase too much and we also feel the need to have ATM machines in public places and in market so that people can get benefit from it on the spot.
i am not agree with this statement, i think bitcoin never need any bank as bitcoin wallets are too good for it, as we have a very easy access to bitcoin through our wallets, so that is enough for us and we should not put our self in such complicated activities.
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November 12, 2016, 07:08:00 PM
 #390


I do not agree because going to elaborate on the process of withdrawal, and withdrawal would be costly, not to mention the problems in the banking license which requires a perfectly legal identity. so really disagree Smiley

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November 12, 2016, 08:24:09 PM
 #391

I see some talk about it here, but I do not see any solid ideas in which it could benefit someone.  Bitcoin bank would be good for some people and not for others.  For those who have 1BTC or more in the bank, they could be making an interest rate based on the money they have in savings, but you never know.

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November 12, 2016, 09:24:48 PM
 #392


I do not agree because going to elaborate on the process of withdrawal, and withdrawal would be costly, not to mention the problems in the banking license which requires a perfectly legal identity. so really disagree Smiley
Well for me giving my identity is not my problem i do not have plan to scam to someone since you are just depositing and withdrawing  you can be still anonymous online after you depositing you can use bitcoin mixer to transfer your money without tracing it..
So I agree for bitcoin banks.. it is more easy to withdraw in deposit or buy bitcoin without any 3rd party exchange site..

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November 12, 2016, 09:33:12 PM
 #393

I see some talk about it here, but I do not see any solid ideas in which it could benefit someone.  Bitcoin bank would be good for some people and not for others.  For those who have 1BTC or more in the bank, they could be making an interest rate based on the money they have in savings, but you never know.

The point is that Bitcoin allows you to be your own bank. And yes, Bitcoin doesn't give you any interest since it isn't a POS coin, but the good future that Bitcoin has, could boost the price significantly in the future. In that way, your coins increase in value which no one wil ever complain about. Why would anyone take the risk of storing their coins in a place where people don't know what's happening with their coins? It's absurd to say the least.

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November 12, 2016, 11:24:23 PM
 #394

I see some talk about it here, but I do not see any solid ideas in which it could benefit someone.  Bitcoin bank would be good for some people and not for others.  For those who have 1BTC or more in the bank, they could be making an interest rate based on the money they have in savings, but you never know.

If they can give some interest to you, they will use your money for lending and we goes to the same problem: banks don't have money if everyone wants do withdraw at the same time, and that's an beauty thing about bitcoin, you are your own wallet. Every investment is a risky, just make a paper wallet and hold your bitcoin in a safe place.
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November 13, 2016, 09:18:11 AM
 #395

I don't see the big problem of being pro-bitcoin and being pro-bitcoin-bank at the same time. Ultimately it's all about freedom and having choices.

Of course, people have the freedom to choose whatever they do, and wherever they put their coins. But I am mainly referring to people that praise Bitcoin because it's decentral, allows them to avoid dealing with banks since they can have full control over their coins, that they hate banks, and all that. These same people are opting for a so called Bitcoin bank as it will allow them to earn interest, get some sort of fake security just because they think it's a bank, while in fact it's not, etc.

They say to love the decentralized aspect of Bitcoin, but put that exact feature to waste when they proceed with making use of a "Bitcoin bank". In that regard, these people are either lying, have changed from opinion, or don't know what nonsense they are talking.

But if you want to not take care of the bitcoin yourself and deposit it in a 3rd party that says will take care of them for you, then let those people have that choice as well.

People can do whatever they want, but they shouldn't praise Bitcoin for being decentralized, and after that like the idea of a so called Bitcoin bank because they can store money there in return for interest. If they directly say that they like such an initiative, which I find to be a wrong move, but in this case that doesn't matter, then it's their choice and there won't be a problem at all as they are honest in what they want and look for.

As long as we can be our own bank, who cares if bitcoin banks exist.

Right, we can be our bank, so in that regard, there is no need for a service acting as a Bitcoin bank.

Again, I am referring to people that love the decentral aspect of Bitcoin and dislike banks for the fact that they play boss over people, and not about people that are direct and open about them liking the idea of a Bitcoin bank.

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November 13, 2016, 09:55:39 AM
 #396

I do not agree that there is a "bitcoin bank". Because now there bitcoin wallet which I think has been very good. Perhaps if there bitcoin bank,

there are additional costs so there is no difference with other commercial banks. Additionally bitcoin does not have a form that may not be

suitable if made bitcoin bank.
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November 13, 2016, 10:19:40 AM
 #397

No.
Main idea behind Bitcoin is decentralization.
Banks are highly centralized, and have to follow national and international laws.
Banks also have to pay taxes, employ people etc.
Bitcoin is alternative to this corrupted and centralized system and shouldn't be regulated by any government.
I think that current system is perfect.
People can buy or earn Bitcoin, keep this funds in their wallets or spend, or exchange to their local currencies.
Many merchants in the future will accept bitcoin as payment option, we will have more and more BTC ATM in the future and this progress is great.
I don't think that Bitcoin bank is needed.
Bitcoin should be regulated only by the market and its users.




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November 13, 2016, 10:50:13 AM
 #398

I totally agree because it makes it easier for me if you want to redeem a bitcoin into local currency..

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November 16, 2016, 06:59:49 PM
 #399

In order to answer the question of which bank will serve my finances, there is one answer. I wish that the bank was on the user, not the user is a slave to the bank. Here, a simple arithmetic. Who will offer favorable conditions of work, and he will win in the market.
richardsNY
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November 16, 2016, 07:17:41 PM
 #400

I totally agree because it makes it easier for me if you want to redeem a bitcoin into local currency..

No need for a Bitcoin bank as there are enough services where you can convert your Bitcoins to fiat and vice versa. And with quite some competition in the market, the fees will become lower and lower.

In order to answer the question of which bank will serve my finances, there is one answer. I wish that the bank was on the user, not the user is a slave to the bank. Here, a simple arithmetic. Who will offer favorable conditions of work, and he will win in the market.

Whatever service you sign up at to store your coins there, you will always be the slave in this whole story. You depend on a third party all the time. If you want to avoid this, then keep your coins in your own control all the time. Forget about nonsense such as Bitcoin banks and other stuff. Bitcoin allows you to be your own bank. Don't store your precious coins elsewhere.

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