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Question: Do you agree with idea "Bitcoin bank" ?
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I don't know/I'm not sure yet
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Author Topic: Do you agree with idea "Bitcoin bank" ?  (Read 141605 times)
Woodie
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October 19, 2016, 08:06:39 AM
 #61

I believe one of the reasons Bitcoin was made was to cut out middlemen and get low transaction fees and introducing a Bitcoin bank would bring these back

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October 19, 2016, 08:09:26 AM
 #62

I believe one of the reasons Bitcoin was made was to cut out middlemen and get low transaction fees and introducing a Bitcoin bank would bring these back

Something thought to be good enough, but I see the bitcoin is made because it is the place to provide solutions for everyone in the world is in regulating finance owned without the intervention of a third party (BANK)/. So, bitcoin is not a public bank. But the bank is bitcoin special for ourselves and all our management is set up. In addition bitcoin created because wanted to give a transparent transaction and can be viewed by everyone

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October 19, 2016, 08:09:52 AM
 #63

I think loanbase and btcjam are bank, they have the fungtion are like bank we can make investment and lending on there, although we must be verification our indentities and it is not anonymous like bitcoins.
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October 19, 2016, 08:19:47 AM
 #64

No , bitcoin banks are good idea but i think it will not click on people cause there are bitcoin wallets there so why will the bitcoiners use a bitcoin bank then.Yes it is more safe in bank but if you will go out and you have to go to bank to save bitcoins is hassle .Maybe the thing that good in the bank is if they adopt the blockchain technology for faster transaction maybe it work .


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October 19, 2016, 08:26:01 AM
 #65

I believe one of the reasons Bitcoin was made was to cut out middlemen and get low transaction fees and introducing a Bitcoin bank would bring these back

But in my opinion, if there is a bitcoin bank then if we could keep bitcoin in the bank. And certainly the money we will be more secure, and therefore a large fee for security are comparable.Thank you
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October 19, 2016, 09:42:40 AM
 #66

I believe one of the reasons Bitcoin was made was to cut out middlemen and get low transaction fees and introducing a Bitcoin bank would bring these back

Something thought to be good enough, but I see the bitcoin is made because it is the place to provide solutions for everyone in the world is in regulating finance owned without the intervention of a third party (BANK)/. So, bitcoin is not a public bank. But the bank is bitcoin special for ourselves and all our management is set up. In addition bitcoin created because wanted to give a transparent transaction and can be viewed by everyone
i also think that mate it was created to become transparent and no need for third party so creating its own bank is not needed anymore
as for my opinion i just dont want to see btc been save in one place or control by some numbers of people.

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October 19, 2016, 09:51:42 AM
 #67

The idea of "bitcoin bank" seems awkward for me at least for now. Bitcoin gives everyone the right to be their own bank. Then why do you want someone else to be a bank for you? It stands against the entire concept of decentralization and that of bitcoin. But I am open to your ideas and  if you have some valid points to discuss, then please do it so we can try to understand what you actually mean.

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October 19, 2016, 09:56:15 AM
 #68

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.
i also thinks that it is not a good idea for a bitcoin trader because if there will be direct bitcoin bank than mo one will go to the trader amd will make the deal direct with Bitcoin bank . so , no job of trader
all over this is a good idea but for trader ,i alredy told Sad


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October 19, 2016, 10:16:13 AM
 #69

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.
i also thinks that it is not a good idea for a bitcoin trader because if there will be direct bitcoin bank than mo one will go to the trader amd will make the deal direct with Bitcoin bank . so , no job of trader
all over this is a good idea but for trader ,i alredy told Sad
I'm sorry I'm unable to get your point of how the bitcoin bank will affect a bitcoin trader. I do not see any possibility of the bitcoin bank will be impacting traders in negative way.
If you are meaning about exchanger, then that must be very nice we will be having direct access to buy and sell bitcoin without any need of intermediate exchangers with our local currency.

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October 19, 2016, 10:21:02 AM
 #70

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.
i also thinks that it is not a good idea for a bitcoin trader because if there will be direct bitcoin bank than mo one will go to the trader amd will make the deal direct with Bitcoin bank . so , no job of trader
all over this is a good idea but for trader ,i alredy told Sad
I'm sorry I'm unable to get your point of how the bitcoin bank will affect a bitcoin trader. I do not see any possibility of the bitcoin bank will be impacting traders in negative way.
If you are meaning about exchanger, then that must be very nice we will be having direct access to buy and sell bitcoin without any need of intermediate exchangers with our local currency.
i think so,bitcoin banks can't affect traders,or maybe the traders will be always storing their bitcoin into the bank for the sake of security so he's actually reffering to exchanger,although when banks just enabling auto exchange feature,those exchangers will be sure compete with the bank about its service and fee

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October 19, 2016, 10:30:12 AM
 #71

The idea of "bitcoin bank" seems awkward for me at least for now. Bitcoin gives everyone the right to be their own bank. Then why do you want someone else to be a bank for you? It stands against the entire concept of decentralization and that of bitcoin. But I am open to your ideas and  if you have some valid points to discuss, then please do it so we can try to understand what you actually mean.

Exactly, the thing that pleases a lot of bitcoin users is its anonymity, they love it because they don't need to tell anyone for doing something with their money nor they need anyone to know if they have anything or not, they are their own bank, and if in that situation a bitcoin bank appears which would make you known to everyone or the owners of that bank then that would probably not be acceptable.

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October 19, 2016, 10:38:49 AM
 #72

The idea of bitcoin bank is no good for me, most of us use bitcoin because we want to hide our identity, wealth and transaction why do we want to give that up and put our bitcoin in bitcoin bank? if i want to keep my money with my identity then i will choose usual bank because it is safer

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October 19, 2016, 10:43:00 AM
 #73

having a bitcoin bank means destroying everything that Satoshi worked for creating and it is in fact against bitcoin main purpose which is making thing decentralized.

you may see some benefits in having a bitcoin bank but in my opinion the downside to it is a lot more than the benefits.














 

 

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October 19, 2016, 10:45:03 AM
 #74

The idea of bitcoin bank is no good for me, most of us use bitcoin because we want to hide our identity, wealth and transaction why do we want to give that up and put our bitcoin in bitcoin bank? if i want to keep my money with my identity then i will choose usual bank because it is safer
i feel that too mate if btc bank will be open what will be the requirements? if they can put it just the wallet would be the information thats needed maybe i will try it but if there's personal data that will be ask might much better to use local banks for it, i see the possibility of manipulation or it will be threaten of possible big hacked.

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October 19, 2016, 10:58:21 AM
 #75

Xapo, Coinbase and Circle, they are all "bitcoin banks", if someone doesn't like them, they don't need to use them...
Yeah, I suppose they can be called that. But do we really need them? They can be helpful, but at the same are driven by awful centralized force.
From what I noticed there are many threads dedicated to show how people are complaining about their account being frozen & suspended.
Just because they supposedly broken some ToS rules - like gambling with bitcoin stored in their online wallet.
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October 19, 2016, 11:09:42 AM
 #76

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.

What you said is correct, Bitcoin was introduced to demolish the Banking fundamental, and now they are asking bitcoin bank, When Bitcoin wallet itself is the bank why do we need the bank to control your wallets. This is just same like investment scam schemes.

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October 19, 2016, 11:20:27 AM
 #77

of course not. one of the main reason for me to use bitcoin is to work outside the banking system. if you ask people that are willing to see a bitcoin bank what the reason for that is, they answer with that they get interest over their coins. that's a pretty lame answer if you ask me. also, there are certain exchanges that offer you interest on your coins. in that regard these people will consider exchanges banks as well.
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October 19, 2016, 11:34:05 AM
 #78

Banks are useful as storage, for loans etc

Some have tossed the idea of a bitcoin reserve bank (i.e federal reserve) to for inflation targeting and currency stability, I think that is what would really make it like regular currency which is what we are trying to avoid.
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October 19, 2016, 11:58:01 AM
 #79

No, I don't agree on the idea of Bitcoin bank. Bitcoin and blockchain technology offers the opportunity or facility to be your own bank by having full control over your funds with freedom of use to access them anytime. In presence of current wallets availability I don't think there is even need of any such formal bank to let my Bitcoin there to store them.
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October 19, 2016, 03:27:59 PM
 #80

I believe one of the reasons Bitcoin was made was to cut out middlemen and get low transaction fees and introducing a Bitcoin bank would bring these back

But in my opinion, if there is a bitcoin bank then if we could keep bitcoin in the bank. And certainly the money we will be more secure, and therefore a large fee for security are comparable.Thank you
I don’t see how a bitcoin bank improves the security of your coins, most of the measures needed to secure your coins can be done in an individual level without the need of a third party and not only that a bitcoin bank will be a big target like the exchanges and I suppose we know what happens to an exchange every few years right, they get hacked.

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