Do you agree with idea "Bitcoin bank" ?

[deisik]

First you should think of why people would use a bitcoin bank. 
Normal banks give us the ability to perform internet transactions and we don't need that with bitcoin as it comes naturally.
Normal banks make our money more secure because we don't have to worry about our house burning down with all our savings inside. Bitcoins can be held in many places at once as backups so we don't need this feature.
IMO bitcoin bank has no reason to exist.

You obviously forget about interest

In respect to money, humans are essentially driven by two emotions, namely, fear and greed. Fear is about losing money and greed is about earning money. With Bitcoin banks, the fear that people might feel will be certainly overridden by their greed. So it doesn't matter whether you think that Bitcoin banks have no reason to exist, profits that such banks would earn through lending bitcoins as well as profits that they would generate themselves will outweigh any arguments against these banks once they (or Bitcoin services offered by them) are officially allowed

[Invulner]

Well, if they are generating an interest that is stable, sure. I mean, the reason why a lot of people don't see bitcoin as a good investment is because it doesn't generate interest, and there aren't really any regulated bitcoin banks.

However, if you are storing your bitcoins at a bitcoin bank without interest then what's the point? Just hold onto your private key and you'll be fine.

[deisik]

Well, if they are generating an interest that is stable, sure. I mean, the reason why a lot of people don't see bitcoin as a good investment is because it doesn't generate interest, and there aren't really any regulated bitcoin banks.

However, if you are storing your bitcoins at a bitcoin bank without interest then what's the point? Just hold onto your private key and you'll be fine.

What's the point of using a web wallet?

I don't remember that any of them had been paying interest on the funds held there. Nevertheless, many people use such wallets because they are not tech-savvy enough to safely run their own desktop wallet. Personally, I think this is a wise decision overall. Coinbase has been claiming recently that they have around 4.8 million individual wallets. Some of them might be duplicates (or even triplicates), but it still shows that this service is in demand, whether you like it or not. Even though they don't pay any interest at all

[Veritas Platform]

Personally I'd never use it! but anything can make bitcoin more popular to the mass it could be good for us as well! we need as many different ways as possible to make it more trustable to everybody

[delliaerd]

Personally I'd never use it! but anything can make bitcoin more popular to the mass it could be good for us as well! we need as many different ways as possible to make it more trustable to everybody

It is still an idea and there's no bitcoin bank that is existing today but maybe for the next years there are some banking groups that will adopt bitcoin in their first try. But I don't want the idea of bitcoin bank because if that happens, all of our transactions that are going to be done with them will be taxable and that's what I hate.

everyone have different opinions about agree or disagree with bitcoin bank. but they have great argument about it. indeed if the transactions of bitcoin dominated by bitcoin bank it is potentially will cut a tax for every transaction. but when that really happen the tramsaction of bitcoin will fix some lack such as long transaction which sometime happen

[jak3]

bitcoin and bank both of them are a diffrent word , system , organization. It do not seems good together. Banks are a old idea to manage and maintain the balance of money in econmics

[Zigsss]

If I have to be honest I do not think that we need one because its going very well with the bitcoin right now and we are already doing it like this for a long time.
I think that a bank will even destroy the bitcoin soon or later.

[Senor.Bla]

If I have to be honest I do not think that we need one because its going very well with the bitcoin right now and we are already doing it like this for a long time.
I think that a bank will even destroy the bitcoin soon or later.

why would you need something if you can do something yourself is the question here. the answer is you do not, but people still have the tendency to outsource, because they think someone else can do it better/faster or they do not want to deal with it themselves.
do i want someone else handling my money? no! do i think someone else can handle my money faster/better? maybe faster, maybe better and even maybe safer, but i do not want to be looking for such a person, because they also have to be trustworthy.   

[deisik]

do i want someone else handling my money? no! do i think someone else can handle my money faster/better? maybe faster, maybe better and even maybe safer, but i do not want to be looking for such a person, because they also have to be trustworthy.   

Let's remain realists

We don't yet have any real Bitcoin banks yet, but people are already using web wallets like Coinbase or Xapo and trusting their money to someone else. How come? Because they don't want to get into all the gory details of installing a desktop wallet and risking losing their hard-earned coins due to a misconfiguration, hardware failure or virus attack. Or they themselves doing something stupid with their wallet and coins

[MancyZz]

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 don not know , i think not affect there is bitcoin bank or not there ..
but in my opinion bank local can help me about bitcoin

[Senor.Bla]

do i want someone else handling my money? no! do i think someone else can handle my money faster/better? maybe faster, maybe better and even maybe safer, but i do not want to be looking for such a person, because they also have to be trustworthy.   

Let's remain realists

We don't yet have any real Bitcoin banks yet, but people are already using web wallets like Coinbase or Xapo and trusting their money to someone else. How come? Because they don't want to get into all the gory details of installing a desktop wallet and risking losing their hard-earned coins due to a misconfiguration, hardware failure or virus attack. Or they themselves doing something stupid with their wallet and coins

i always ask myself why do people trust stranger (bank, wallets like coinbase or xapo) to handle their money. part of them just do not know better. part of them think they are better of by not doing it themselves for the above reasons. but we can change this. we can offer advice, knowledge or even courses to first inform the people on the status quo and then teach them how to use bitcoin properly. i think a good week of decent work and learning should be enough to learn the basics you need to do it yourself and be your own bank. everybody should have the time for it. worst case is you have to take a week of to gain your financial independence. if people still do not want that, then i really do not know how to convince them or even if the deserve it.   

[aioc]

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 voted I don't know the idea is not in tuned with the concept of decentralization of bitcoin and besides if a company it sto set up a Bitcoin bank they need the consensus of majority of users,because we ourselves acts like a bank also ..

[deisik]

do i want someone else handling my money? no! do i think someone else can handle my money faster/better? maybe faster, maybe better and even maybe safer, but i do not want to be looking for such a person, because they also have to be trustworthy.   

Let's remain realists

We don't yet have any real Bitcoin banks yet, but people are already using web wallets like Coinbase or Xapo and trusting their money to someone else. How come? Because they don't want to get into all the gory details of installing a desktop wallet and risking losing their hard-earned coins due to a misconfiguration, hardware failure or virus attack. Or they themselves doing something stupid with their wallet and coins

i always ask myself why do people trust stranger (bank, wallets like coinbase or xapo) to handle their money. part of them just do not know better. part of them think they are better of by not doing it themselves for the above reasons. but we can change this. we can offer advice, knowledge or even courses to first inform the people on the status quo and then teach them how to use bitcoin properly. i think a good week of decent work and learning should be enough to learn the basics you need to do it yourself and be your own bank. everybody should have the time for it. worst case is you have to take a week of to gain your financial independence. if people still do not want that, then i really do not know how to convince them or even if the deserve it.   

You expect too much from ordinary people

If you want to teach people to use personal wallets, you should start teaching them when they are still in school. Most people (your average people) after 30 years don't want to learn anything new since they are quite content with what they had been taught when they were young. Indeed, if they are cornered by circumstances they would learn almost anything, but if they have choice they will most certainly take the path of least resistance

[noictib]

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.

In reality I am not satisfied with idea of Bitcoin bank because I think the idea of Bitcoin bank will make destroy the job of Bitcoin trader , Because through Bitcoin bank everyone will make buy/sell directly without hire a trader And secondly there is more chances to originate tax system on Bitcoin that we have in our wallet .

[Senor.Bla]

do i want someone else handling my money? no! do i think someone else can handle my money faster/better? maybe faster, maybe better and even maybe safer, but i do not want to be looking for such a person, because they also have to be trustworthy.   

Let's remain realists

We don't yet have any real Bitcoin banks yet, but people are already using web wallets like Coinbase or Xapo and trusting their money to someone else. How come? Because they don't want to get into all the gory details of installing a desktop wallet and risking losing their hard-earned coins due to a misconfiguration, hardware failure or virus attack. Or they themselves doing something stupid with their wallet and coins

i always ask myself why do people trust stranger (bank, wallets like coinbase or xapo) to handle their money. part of them just do not know better. part of them think they are better of by not doing it themselves for the above reasons. but we can change this. we can offer advice, knowledge or even courses to first inform the people on the status quo and then teach them how to use bitcoin properly. i think a good week of decent work and learning should be enough to learn the basics you need to do it yourself and be your own bank. everybody should have the time for it. worst case is you have to take a week of to gain your financial independence. if people still do not want that, then i really do not know how to convince them or even if the deserve it.   

You expect too much from ordinary people

If you want to teach people to use personal wallets, you should start teaching them when they are still in school. Most people (your average people) after 30 years don't want to learn anything new since they are quite content with what they had been taught when they were young. Indeed, if they are cornered by circumstances they would learn almost anything, but if they have choice they will most certainly take the path of least resistance

i guess it is true that i expect to much, but without expectations it is just a question of time until all is lost.
you also brought the point up i forgot to mention in my last post. the education.
we need to become a society that teaches these important things to everybody. right know i can teach my kids and my friends that are interested, but why not teach such essential things in school? i am talking about finance in general not only bitcoin. bitcoin would only be the icing on the cake. i can only hope for the future, but i do not see this happening to be honest.   

[deisik]

You expect too much from ordinary people

If you want to teach people to use personal wallets, you should start teaching them when they are still in school. Most people (your average people) after 30 years don't want to learn anything new since they are quite content with what they had been taught when they were young. Indeed, if they are cornered by circumstances they would learn almost anything, but if they have choice they will most certainly take the path of least resistance

i guess it is true that i expect to much, but without expectations it is just a question of time until all is lost.
you also brought the point up i forgot to mention in my last post. the education.
we need to become a society that teaches these important things to everybody. right know i can teach my kids and my friends that are interested, but why not teach such essential things in school? i am talking about finance in general not only bitcoin. bitcoin would only be the icing on the cake. i can only hope for the future, but i do not see this happening to be honest.   

I think that question has already been answered

And the answer is that the government doesn't want to teach kids things that would threaten the existence of the government itself. There are private schools for that, but the majority of the kids there are children of the wealthy elites so they are expected to become the next government in the future and shouldn't go against the system, at least, not in massive numbers

[Senor.Bla]

You expect too much from ordinary people

If you want to teach people to use personal wallets, you should start teaching them when they are still in school. Most people (your average people) after 30 years don't want to learn anything new since they are quite content with what they had been taught when they were young. Indeed, if they are cornered by circumstances they would learn almost anything, but if they have choice they will most certainly take the path of least resistance

i guess it is true that i expect to much, but without expectations it is just a question of time until all is lost.
you also brought the point up i forgot to mention in my last post. the education.
we need to become a society that teaches these important things to everybody. right know i can teach my kids and my friends that are interested, but why not teach such essential things in school? i am talking about finance in general not only bitcoin. bitcoin would only be the icing on the cake. i can only hope for the future, but i do not see this happening to be honest.   

I think that question has already been answered

And the answer is that the government doesn't want to teach kids things that would threaten the existence of the government itself. There are private schools for that, but the majority of the kids there are children of the wealthy elites so they are expected to become the next government in the future and shouldn't go against the system, at least, not in massive numbers

i agree, but once a person comes to this conclusion he/she must decide if he/she will try to fight against it, live on doing nothing (the modern slave) or accept it as a fact and try to take advantages for themselves which means becoming part of the problem. i always say myself as a good guy and bitcoin as a means of fight against this, but sometimes i ask myself why bother? it would be so much easier to become the bad guy, get rich and live a nice life and leave the suffering to other. i do not know what is holding me back. i can honestly say that i have tried. if the people want a bitcoin bank, why not give them what they want.

[zcashcoins]

Once dealt with the real banks and their system, you will not want to trust anyone else. What will be different "bitcoin bank" from those that now is not clear. Perhaps the word "bank" is alarming, but still, the financiers are special people. Still, what currency they celebrate.

[Labumi]

Once dealt with the real banks and their system, you will not want to trust anyone else. What will be different "bitcoin bank" from those that now is not clear. Perhaps the word "bank" is alarming, but still, the financiers are special people. Still, what currency they celebrate.

I don't know for sure what the intent of the bitcoin Bank. Because of that I know of that bitcoin is bank. But banks in the context of what I mean is a private bank, so we are the owner of any bank of any wallet btc that we have. Why should be discussing something that did not yet we can think properly, the better we do something things can indeed help our lives and also help someone who is need it

[deisik]

You expect too much from ordinary people

If you want to teach people to use personal wallets, you should start teaching them when they are still in school. Most people (your average people) after 30 years don't want to learn anything new since they are quite content with what they had been taught when they were young. Indeed, if they are cornered by circumstances they would learn almost anything, but if they have choice they will most certainly take the path of least resistance

i guess it is true that i expect to much, but without expectations it is just a question of time until all is lost.
you also brought the point up i forgot to mention in my last post. the education.
we need to become a society that teaches these important things to everybody. right know i can teach my kids and my friends that are interested, but why not teach such essential things in school? i am talking about finance in general not only bitcoin. bitcoin would only be the icing on the cake. i can only hope for the future, but i do not see this happening to be honest.   

I think that question has already been answered

And the answer is that the government doesn't want to teach kids things that would threaten the existence of the government itself. There are private schools for that, but the majority of the kids there are children of the wealthy elites so they are expected to become the next government in the future and shouldn't go against the system, at least, not in massive numbers

i agree, but once a person comes to this conclusion he/she must decide if he/she will try to fight against it, live on doing nothing (the modern slave) or accept it as a fact and try to take advantages for themselves which means becoming part of the problem. i always say myself as a good guy and bitcoin as a means of fight against this, but sometimes i ask myself why bother? it would be so much easier to become the bad guy, get rich and live a nice life and leave the suffering to other. i do not know what is holding me back. i can honestly say that i have tried. if the people want a bitcoin bank, why not give them what they want.

I think we can state it with certainty that most people if they were given such a choice would choose to become a part of the system since it would fit them and their nature perfectly. And I guess you can't fight with it openly (if you decide not to be a part of it after all). The best you can possibly do is to sabotage it or use it whichever suits your personal interests best at this very moment. In fact, it is about being opportunistic of sorts, but as I said, let's remain realists...

And then the system will most likely ignore you altogether