Do you agree with idea "Bitcoin bank" ?

[ananas99]

no i do not agree with bitcoin bank because bitcoin has do not need any bank.

you are right that bitcoin have do not need any bank because bitcoin online system is very stable and i think bank will get a high fees and so online system is very much better than bank system and bitcoin online transaction fees is very much lower.

Using bitcoin very cheap, unlike other currencies, but if it will still be touching the hands of banks, even if Bitcoin banks, their services will have extra interest.

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[richardsNY]

if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.

I am sure that a large group of the people here (mainly the newer/less caring people) don't find it a problem to make use of a centralized service that happens to call itself a Bitcoin bank. If the service in question happens to offer people interest over their coins, some level of security in form of insured balances and so on, then it gives them enough confidence to jump on board. At the end of the day it's their own choice since we all have the freedom to choose.

[deisik]

if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.

I am sure that a large group of the people here (mainly the newer/less caring people) don't find it a problem to make use of a centralized service that happens to call itself a Bitcoin bank. If the service in question happens to offer people interest over their coins, some level of security in form of insured balances and so on, then it gives them enough confidence to jump on board. At the end of the day it's their own choice since we all have the freedom to choose

Folks seem to be making a mountain out of a molehill

While they forget to mention that Bitcoin mining is presently much more centralized than Bitcoin banks could ever come close to (or even dream of), provided they should appear at all (which is not given). I guess mining can just as easily be thought of as a "service" too, but that doesn't prevent Bitcoin from surviving so far, though this centralization is certainly by far more dangerous and harmful as well as, ironically, "against the creation of bitcoin"

[salemon]

If bitcoin bank will completely replace the ordinary banks, it will be the same. Although to be honest, I do not care who will deceive the people. This niche business is always someone in control and will continue to do so.

[Holly-Dolly]

if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.

I am sure that a large group of the people here (mainly the newer/less caring people) don't find it a problem to make use of a centralized service that happens to call itself a Bitcoin bank. If the service in question happens to offer people interest over their coins, some level of security in form of insured balances and so on, then it gives them enough confidence to jump on board. At the end of the day it's their own choice since we all have the freedom to choose

Folks seem to be making a mountain out of a molehill

While they forget to mention that Bitcoin mining is presently much more centralized than Bitcoin banks could ever come close to (or even dream of), provided they should appear at all (which is not given). I guess mining can just as easily be thought of as a "service" too, but that doesn't prevent Bitcoin from surviving so far, though this centralization is certainly by far more dangerous and harmful as well as, ironically, "against the creation of bitcoin"

have a word bank for me, it is in the likeness of something abusive. Therefore, any bank I'll take on the negative side.

[South Park]

My answer is simple, no. We don’t need bitcoin banks at all, they cannot do a single thing to make open an account on one if it existed, if I wanted to earn low interest out of my bitcoin I will just invest it in a casino bankroll and get the same benefits as with any bank in my country.

[farl2web]

if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.

I am sure that a large group of the people here (mainly the newer/less caring people) don't find it a problem to make use of a centralized service that happens to call itself a Bitcoin bank. If the service in question happens to offer people interest over their coins, some level of security in form of insured balances and so on, then it gives them enough confidence to jump on board. At the end of the day it's their own choice since we all have the freedom to choose.

What it seems to me that the idea of ​​a bitcoin bank is the same structure as the dark current financial institution.

[bit1]

if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.

I am sure that a large group of the people here (mainly the newer/less caring people) don't find it a problem to make use of a centralized service that happens to call itself a Bitcoin bank. If the service in question happens to offer people interest over their coins, some level of security in form of insured balances and so on, then it gives them enough confidence to jump on board. At the end of the day it's their own choice since we all have the freedom to choose.

Probably, but a service of this magnitude would not be convenient maybe,  because most of them end up selling a whole class of services like insurance policies, credits, mortgages, etc., what I do not argue at all is what you mention: at the end of the day it's their own choice since we all have the freedom to choose,  I could almost imagine, as it would be if the banks went into that system, I do not think it does much sense, since the idea behind these institutions is to store the physical money or values in large vaults, although it is true, little by little these have been evolving, the way they handle checks, debit& credit cards, Cash management has been significantly reduced, resulting in that these may already employ fewer people, with all of the above rather than agree or disagree, I think it would be a matter of practicality and only time will could tell the rest.

[deisik]

if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.

I am sure that a large group of the people here (mainly the newer/less caring people) don't find it a problem to make use of a centralized service that happens to call itself a Bitcoin bank. If the service in question happens to offer people interest over their coins, some level of security in form of insured balances and so on, then it gives them enough confidence to jump on board. At the end of the day it's their own choice since we all have the freedom to choose.

Probably, but a service of this magnitude would not be convenient maybe,  because most of them end up selling a whole class of services like insurance policies, credits, mortgages, etc., what I do not argue at all is what you mention: at the end of the day it's their own choice since we all have the freedom to choose,  I could almost imagine, as it would be if the banks went into that system, I do not think it does much sense, since the idea behind these institutions is to store the physical money or values in large vaults, although it is true, little by little these have been evolving, the way they handle checks, debit& credit cards, Cash management has been significantly reduced, resulting in that these may already employ fewer people, with all of the above rather than agree or disagree, I think it would be a matter of practicality and only time will could tell the rest

How's that exactly?

That might have been true some 100 years ago, but this is not any more so. Most money today are purely digital, and banks can be loosely thought of as "mining" nodes in the fiat payment network. They also "confirm" transactions, thereby keeping the financial system of a country alive and ticking. They create new money too just like miners create bitcoins, but unlike Bitcoin they are not restricted by a precise algo (there are other restrictions, just in case). As you can see, it is nowhere near the idea of "storing physical money or values in large vaults"

[Zadicar]

My answer is simple, no. We don’t need bitcoin banks at all, they cannot do a single thing to make open an account on one if it existed, if I wanted to earn low interest out of my bitcoin I will just invest it in a casino bankroll and get the same benefits as with any bank in my country.

Same benefits? I dont think so since bitcoin does really give even more profits or interest that banks cant give but the disadvantage only is bitcoin price could fluctuate and funds would really be affected.Bitcoin bank is not really needed same as you said because what our wallets are for?

[stevano]

strongly agree at all because it would give them more value for bitcoin bitcoin will be more credible and more people and governments, enabling users to transact in accordance with the existing rate, which obviously it would be beneficial for the users of bitcoin

[burner2014]

strongly agree at all because it would give them more value for bitcoin bitcoin will be more credible and more people and governments, enabling users to transact in accordance with the existing rate, which obviously it would be beneficial for the users of bitcoin

Same goes with me, One of much awaited for cryptocurrency is to have bitcoin bank and I can't really wait to have one.
Since bitcoin do not have physical form, we cannot used it anywhere, if we do have bitcoin bank we can easily convert bitcoin to other currencies that we can use anywhere and anytime.

[Text]

Same goes with me, One of much awaited for cryptocurrency is to have bitcoin bank and I can't really wait to have one.
Since bitcoin do not have physical form, we cannot used it anywhere, if we do have bitcoin bank we can easily convert bitcoin to other currencies that we can use anywhere and anytime.

There is a risk on having a bitcoin bank because once you put your money on a bank you are no longer the only one who has control of it. You may be scammed because we know that one of the characteristics of BTC is anonimity, they will run our money cause they may show false information.
We can use our bitcoins in terms of buying products and services with the use of virtual visa.

[Pattart]

I do not think that the creation of bitcoin bank will make something new in the financial system and most importantly to the convenience of human life. The differences between ordinary banks and the bank is practically no bitcoin.

I think it will make a new thing in bitcoin, where you usually keep in your wallet now you can keep it in the bank and you can benefit from interest in getting from the bank

[basesaw]

Bitcoin Bank the idea is good, but this plan will not work out. If you want work out, this idea means the first thing you need that your government will accept Bitcoin as a legal currency. First, solve this problem after words we can discuss Bitcoin Bank. Till that, this is a unnesssory discussion.  

i think it wount work for now. as bitcoin bank will let us store our bitcoin currencies in a safe place where our bitcoin wallets can do the same things. it can also tax our bitcoin so i think many will dont accept it. just wallet with no tax will be accepted by many so for now we dont want to have bitcoin bank. but when the government let us to pay tax maybe we cant do about it anymore.

[Grdas130979]

Banks were created for a purpose, they are needed in ecomomy, but they lost their way the same way money lost its purpose. So i would vote yes to a decentralized bank, not so easy i know, it might take years but i can hope

[btvGainer]

if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.

A bitcoin bank is similar to bitcoin wallet where you so not necessarily need personal info to keep your bitcoin.
Honestly I do not get the purpose of having a bitcoin bank.
Why would one ever want to keep bitcoin in bank?For safety? or for interest? why?

[Ipwich]

if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.

A bitcoin bank is similar to bitcoin wallet where you so not necessarily need personal info to keep your bitcoin.
Honestly I do not get the purpose of having a bitcoin bank.
Why would one ever want to keep bitcoin in bank?For safety? or for interest? why?

Probably it's going to be a different thing, bitcoin bank is something that would be like the current banking system. It's not going to be anonymous anymore as we need to comply with the law of the state we are living. The moment we convert our bitcoin to fiat and withdraw it, we have to comply with the banking like system. Bottom line, our information is not gonna be private anymore. Banks will know it and they can spy on us again.

[iMaster]

I think that Bitcoin is made to be everything opposite of the fiat currency system. Bitcoin banks would ruin the whole Bitcoin system. The system is great now as it is and I strongly agree that the whole idea of the Bitcoin bank is stupid and we do not need it.

[deisik]

if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.

A bitcoin bank is similar to bitcoin wallet where you so not necessarily need personal info to keep your bitcoin.
Honestly I do not get the purpose of having a bitcoin bank.
Why would one ever want to keep bitcoin in bank?For safety? or for interest? why?

I can come up with a few answers to this question

For example, big online retailers might agree to accept Bitcoin as a means of payment if such payments are processed only through banks. In this way, they might likely avoid being accused of pandering to money laundering (or similar things) while Bitcoin users would get an opportunity to buy various stuff online with their coins. Another option is to use bank deposits (namely, depositary receipts) as paper bitcoins, which would also contribute to Bitcoin wider usage as a means of payment