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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 139027 times)
Natalim
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December 25, 2016, 03:02:47 AM

i think bitcoin do not need any bank because bitcoin has  now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.

Exactly, for me bitcoin wallets is a bank itself , the apps developed for this currency have lots of activities that can help us to monitor, controlled and earn it more. The security of it is more satisfying than bank.
I don't agree with this, you might feel the other way if you will ever experience your account being compromise, in banks if that happens to you, you can recover your account and your money because you can prove that you are that person while in bitcoin we are anonymous here, and once our account will be hack, our money will be gone forever.

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December 25, 2016, 03:39:17 AM

i think bitcoin do not need any bank because bitcoin has  now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.

Exactly, for me bitcoin wallets is a bank itself , the apps developed for this currency have lots of activities that can help us to monitor, controlled and earn it more. The security of it is more satisfying than bank.
I don't agree with this, you might feel the other way if you will ever experience your account being compromise, in banks if that happens to you, you can recover your account and your money because you can prove that you are that person while in bitcoin we are anonymous here, and once our account will be hack, our money will be gone forever.

Yes, the security isn't that wonderful thing... It's still risk to lose our money when using BTCs. With the money in the bank, there are more safe guarantees, but unprofitable to let our money in fiat...

I agree with you, the anonymity here doesn't allow us to recover our money if it's stolen, but this same anonymity doesn't protect us to be tracked by someone. If someone start tracking your BTC address and IP probably this one will find you, find your ID.

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December 25, 2016, 04:47:20 AM

i think bitcoin do not need any bank because bitcoin has  now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.

Exactly, for me bitcoin wallets is a bank itself , the apps developed for this currency have lots of activities that can help us to monitor, controlled and earn it more. The security of it is more satisfying than bank.


Yeah its called as a bank only. However, I do not think bitcoin would arise against physical banks and start up the compete bitcoin bank, because government and bank people will not Bitcoin to survive in that way. If Bitcoin become ledger in the bank means no one cannot scam the money.
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December 25, 2016, 01:00:47 PM

No I do not think that we need something like that because of the fact that its something that is not needed for us right now.

I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.

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December 31, 2016, 04:07:35 AM

No I do not think that we need something like that because of the fact that its something that is not needed for us right now.

I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.

Banking industry is already big and bitcoin made a difference, the current system which makes bitcoin popular will still be in the future, it will never change. Only the adopters will increase alongside with the big companies to take over the market of the increasing people. We can do banking without the need of bank, so the idea will not work.

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December 31, 2016, 04:10:54 AM

No I do not think that we need something like that because of the fact that its something that is not needed for us right now.

I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.

of course with their bitcoin BANK can create a level of trust and security bitcoin be better. will be a lot of people using bitcoin. so someday there must be a new regulation that can guarantee bitcoin as one of the official digital currency.



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December 31, 2016, 08:18:04 AM

No I do not think that we need something like that because of the fact that its something that is not needed for us right now.

I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.

of course with their bitcoin BANK can create a level of trust and security bitcoin be better. will be a lot of people using bitcoin. so someday there must be a new regulation that can guarantee bitcoin as one of the official digital currency.
i think it is too early to think about the bitcoin banks, still the users of bitcoin are few as compare to the total population of the world. but i think when needed the current banks will also start accepting bitcoin and will provide online wallet to people.

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December 31, 2016, 08:35:09 AM

No I do not think that we need something like that because of the fact that its something that is not needed for us right now.

I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.

of course with their bitcoin BANK can create a level of trust and security bitcoin be better. will be a lot of people using bitcoin. so someday there must be a new regulation that can guarantee bitcoin as one of the official digital currency.
i think it is too early to think about the bitcoin banks, still the users of bitcoin are few as compare to the total population of the world. but i think when needed the current banks will also start accepting bitcoin and will provide online wallet to people.
we take this time. it's not as easy as we thought. in fact bitcoin user growth is very fast right now. even every day bitcoin users is always increasing. This is supposed to be utilized.



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December 31, 2016, 09:40:49 AM

No I do not think that we need something like that because of the fact that its something that is not needed for us right now.

I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.

of course with their bitcoin BANK can create a level of trust and security bitcoin be better. will be a lot of people using bitcoin. so someday there must be a new regulation that can guarantee bitcoin as one of the official digital currency.
i think it is too early to think about the bitcoin banks, still the users of bitcoin are few as compare to the total population of the world. but i think when needed the current banks will also start accepting bitcoin and will provide online wallet to people.
we take this time. it's not as easy as we thought. in fact bitcoin user growth is very fast right now. even every day bitcoin users is always increasing. This is supposed to be utilized.

I do agree. It is too early. One more problem. Who will be the owner of that bank? Will it be like the other physical banks which are including some large payments specially with credit cards?
Because I know there will be some cards also like bitcoin ATM card. So you can withdraw freely. A lot to consider for that to happen.
But I dont think it should be link to the banks now.

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December 31, 2016, 09:55:37 AM

No I do not think that we need something like that because of the fact that its something that is not needed for us right now.

I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.

of course with their bitcoin BANK can create a level of trust and security bitcoin be better. will be a lot of people using bitcoin. so someday there must be a new regulation that can guarantee bitcoin as one of the official digital currency.
i think it is too early to think about the bitcoin banks, still the users of bitcoin are few as compare to the total population of the world. but i think when needed the current banks will also start accepting bitcoin and will provide online wallet to people.
I think it is not the bank from the government will adopt a bitcoin, but a third party who make sites for users bitcoin bitcoin bank, of course there is no guaranteed protection and security when you save bitcoin in bitcoin bank

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December 31, 2016, 10:14:09 AM

No I do not think that we need something like that because of the fact that its something that is not needed for us right now.

I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.

of course with their bitcoin BANK can create a level of trust and security bitcoin be better. will be a lot of people using bitcoin. so someday there must be a new regulation that can guarantee bitcoin as one of the official digital currency.
i think it is too early to think about the bitcoin banks, still the users of bitcoin are few as compare to the total population of the world. but i think when needed the current banks will also start accepting bitcoin and will provide online wallet to people.
we take this time. it's not as easy as we thought. in fact bitcoin user growth is very fast right now. even every day bitcoin users is always increasing. This is supposed to be utilized.

I do agree. It is too early. One more problem. Who will be the owner of that bank? Will it be like the other physical banks which are including some large payments specially with credit cards?
Because I know there will be some cards also like bitcoin ATM card. So you can withdraw freely. A lot to consider for that to happen.
But I dont think it should be link to the banks now.
It is really too early to have a bitcoin bank, yes it is. But, I think that it will likely to happen in the next years to come. It could really possible since bitcoin grows rapidly and a business minded person can see this as a big opportunity especially the users of bitcoin really increases every day.

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January 01, 2017, 05:44:45 AM

Bitcoin is too volatile in price to be used in a traditional banking institution. A loan valued at $100 could be worth $85 tomorrow morning or $125 the day after. Also there is a difference in how a bank and an exchange function and it's like comparing apples to oranges here. If banks issue Bitcoin debit and credit cards tied to the daily value it could work, but issuing coins outright not so much because there will be no control over the value in the future.
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avikz
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January 01, 2017, 06:23:37 AM

No, I do not agree with the idea of a bitcoin bank. Who will be the authority of the bank?? That is a big question. For a currency which is decentralized and anonymous in nature, bank is not a good idea. While bitcoin is trying to break the conventional rules, people are trying to wrap it within the conventional banking system!

Let bitcoin remain as it is and don't try to make it look like any other conventional currency, because if it happens, bitcoin will loose its charm. 

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January 01, 2017, 06:49:30 AM

No I do not think that we need something like that because of the fact that its something that is not needed for us right now.

I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.

I think using the wallet will be much easier and faster. you can also pull all bitcoin directly. maybe you can not do that with bitcoin bank. but to variations made bitcoin bank is not a problem

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genos
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January 01, 2017, 06:52:07 AM

No, I do not agree with the idea of a bitcoin bank. Who will be the authority of the bank?? That is a big question. For a currency which is decentralized and anonymous in nature, bank is not a good idea. While bitcoin is trying to break the conventional rules, people are trying to wrap it within the conventional banking system!

Let bitcoin remain as it is and don't try to make it look like any other conventional currency, because if it happens, bitcoin will loose its charm. 

Quite sure the new modern concept of currency that bitcoin is good development. didn't need bank for bitcoin because it can work free and full of handle by user with bank.

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Bitcoinpro
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January 01, 2017, 07:10:44 AM

Yes Bitcoin is a hedge against inflation, it does bypass banks

though a Bank is getting a third party to hold and insure your

coin, just as with Fiat

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Harlot
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January 01, 2017, 07:14:35 AM

Yes Bitcoin is a hedge against inflation, it does bypass banks

though a Bank is getting a third party to hold and insure your

coin, just as with Fiat
Even though it can give a edge on inflation or even if the bank accepted that Bitcoin is better than Fiat one thing always hinders it for happening and it is the Government. Our government is in charge for the circulation of our official currency and all banks are only allowed to accept their own currency or sometime US $ currency other than that they won't recognize it as acceptable money.

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Bitcoinpro
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January 01, 2017, 07:20:50 AM

Yes Bitcoin is a hedge against inflation, it does bypass banks

though a Bank is getting a third party to hold and insure your

coin, just as with Fiat
Even though it can give a edge on inflation or even if the bank accepted that Bitcoin is better than Fiat one thing always hinders it for happening and it is the Government. Our government is in charge for the circulation of our official currency and all banks are only allowed to accept their own currency or sometime US $ currency other than that they won't recognize it as acceptable money.

Banks historically have held lots of different types of assets for customers as they

have gigantic well guarded safes, while your argument sounds very good

I think we all agree it's the banks pushing back because they can leverage

print deposits, though in this day and age knowledge and power is becoming

more fluid and obscure each day

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deisik
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January 01, 2017, 11:25:09 AM

No, I do not agree with the idea of a bitcoin bank. Who will be the authority of the bank?? That is a big question. For a currency which is decentralized and anonymous in nature, bank is not a good idea. While bitcoin is trying to break the conventional rules, people are trying to wrap it within the conventional banking system!

Let bitcoin remain as it is and don't try to make it look like any other conventional currency, because if it happens, bitcoin will loose its charm. 

If Bitcoin remained the same as it had been at its inception, we would most likely still see the price in single digits. I understand why people disagree to the idea of a Bitcoin bank, but if we are to be honest, we should agree that the difference between Bitcoin web wallets and Bitcoin banks would be insignificant in respect to the authority that you refer to. So if you are to remain honest, you should be against these wallets as much as against such banks. Besides, if we further follow the policy of truth, we should as well admit that web wallets in fact greatly contributed to Bitcoin popularity and its wider adoption...

But isn't the latter what the most violent and orthodox Bitcoin supporters are looking for?

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January 01, 2017, 11:30:44 AM

Bitcoin bank is the most stupidest idea.What purpose would it serve?Storing our bitcoin? but we already have wallets for this.
Giving out loans and pay us interest? but wouldn't that be too risky with bitcoin?

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