Do you agree with idea "Bitcoin bank" ?

[Winner]

I am not sure if you're serious or not in building a Bitcoin Bank. It's pretty hard to build a Bitcoin Bank if you have no type of capital to begin with, the whole point of holding Bitcoin is just so the person could hold their coins and then state that they have an "X" amount of Bitcoins -it isn't about the money really.

If you begin building a Bitcoin Bank, I would suggest that you add on some kind of interest rate so people would get paid for having the coins remain within your Bitcoin Bank. Perhaps you could duplicate the wallet file and allow the person who deposited Bitcoin to spend the coins whenever they please?

[AjithBtc]

Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.

[mornabo]

Can it be built bitcoin bank in the country that bitcoin dub illegal business when I hope the government can accept bitcoin in their country, and even better if in the wake of the bank bitcoin I strongly agree that bitcoin bank in tires

the only way to control the user is with bitcoin bitcoin bank if that government efforts may not be a problem to make a bitcoin bank. it's up to you want to use bitcoin bank or not

[Xester]

Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.

Bitcoin wallets could be consider our own bank but there are things missing in bitcoin wallets such as insurance and loan service. If our wallet is our bank then it should also provide us loans if we need to and if the site was hacked then the site hosting that wallet will refund our bitcoins. But those features were missing on our wallet thus it cannot be considered a bank but a storage wallet.

[MintCondition]

Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.

Bitcoin wallets could be consider our own bank but there are things missing in bitcoin wallets such as insurance and loan service. If our wallet is our bank then it should also provide us loans if we need to and if the site was hacked then the site hosting that wallet will refund our bitcoins. But those features were missing on our wallet thus it cannot be considered a bank but a storage wallet.

Bank is a storage of our money that provides security and we need to pay for that assurance that they were giving, somehow it is like our bitcoin wallet and we ourselves are the guarantor that it is secured , by on how we will take care of it and use it. Bitcoin wallet provides features that banks can as well offer but btc wallets needs more improvement but somehow they were the same as storage.

[Text]

I am already contented on having a storage wallet and I don't need much like a bitcoin bank. I can already earn profits from exchanging unlike bank that you will pay for the loan interest. Also, I can protect my coin like how bank keep safe our money.

[deisik]

Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.

Bitcoin wallets could be consider our own bank but there are things missing in bitcoin wallets such as insurance and loan service. If our wallet is our bank then it should also provide us loans if we need to and if the site was hacked then the site hosting that wallet will refund our bitcoins. But those features were missing on our wallet thus it cannot be considered a bank but a storage wallet

You could use an exchange account as your web wallet

If an exchange provides trading on margin (there are quite a few such exchanges already), that basically means that users there can lend their funds to traders and thereby earn some interest. Some exchanges (e.g. Bitfinex) also pay the transaction fees for you, so you can use them in absolutely the same way as you would use a typical web wallet like Coinbase or Xapo and at the same time obtain profits by loaning your coins to a trading folk. So the former are closer to an idea of a Bitcoin bank than the latter

[Bitcoin0916]

Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.

With the bank of course many limitations and dependency, if transactions through bank definitely needed a valid data so that if we break the rules of course  our money could be suspended unilaterally.

[BeGoods]

Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.

With the bank of course many limitations and dependency, if transactions through bank definitely needed a valid data so that if we break the rules of course  our money could be suspended unilaterally.

to create an account in any bank you need data such as ID card and the like of course it will be very complicated and of course you will not get freedom in it. So what are the advantages?

[nethan1btc]

Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.

With the bank of course many limitations and dependency, if transactions through bank definitely needed a valid data so that if we break the rules of course  our money could be suspended unilaterally.

to create an account in any bank you need data such as ID card and the like of course it will be very complicated and of course you will not get freedom in it. So what are the advantages?

That idea about bitcoin bank has to be implemented legally and those account holders will learn from it so that you can be a better account holder. The rules and regulations must be followed because security of your money relied on it and this will be better options to have in the future of your money.

[Jalum]

Dangerous type of stuff.
Bitcoins aren't that dangerous but dealing with other peoples money is something that you shouldn't want to do unless you have experience or you have the money to backup whatever it is that you'll lose.
Bitcoins were built so that nobody could runaway with the money when banks collapse, when someone talks about making a Bitcoin bank -they might just be planning on running away with the money once they have enough people on board.

[michkima]

Dangerous type of stuff.
Bitcoins aren't that dangerous but dealing with other peoples money is something that you shouldn't want to do unless you have experience or you have the money to backup whatever it is that you'll lose.
Bitcoins were built so that nobody could runaway with the money when banks collapse, when someone talks about making a Bitcoin bank -they might just be planning on running away with the money once they have enough people on board.

Unless the bank is something legit in the real world. Like having it registered and declared who owns it. A bitcoin bank will still beneficial to everyone as this could give rise to people having more services that can be useful to every user. For example, if there would be a bitcoin bank that will have ATMs all over the place that we can use to withdraw our money in fiat, or something like that.

[Fatanut]

Dangerous type of stuff.
Bitcoins aren't that dangerous but dealing with other peoples money is something that you shouldn't want to do unless you have experience or you have the money to backup whatever it is that you'll lose.
Bitcoins were built so that nobody could runaway with the money when banks collapse, when someone talks about making a Bitcoin bank -they might just be planning on running away with the money once they have enough people on board.

Unless the bank is something legit in the real world. Like having it registered and declared who owns it. A bitcoin bank will still beneficial to everyone as this could give rise to people having more services that can be useful to every user. For example, if there would be a bitcoin bank that will have ATMs all over the place that we can use to withdraw our money in fiat, or something like that.

Or maybe these "bitcoin banks" are just the same fiat banks that just adopted bitcoin. I can't picture out somebody spending that much money for establishments, ATMs, just to build bitcoin banks, not unless if bitcoin is already booming in business. If you create a bitcoin bank, it can't be just one bank. It has to be scattered around the country or even around the world. That's tons of money.

Even if the bank is registered and people know who owns it, if the bank gets robbed or something bad caused your bitcoins to disappear, then the bank can't actually do anything. They can't recover it anymore because hackers will surely distribute the bitcoins to different wallets and act as if a lot of people are transacting to each other just so they cannot be traced.

[deisik]

Dangerous type of stuff.
Bitcoins aren't that dangerous but dealing with other peoples money is something that you shouldn't want to do unless you have experience or you have the money to backup whatever it is that you'll lose.
Bitcoins were built so that nobody could runaway with the money when banks collapse, when someone talks about making a Bitcoin bank -they might just be planning on running away with the money once they have enough people on board.

Unless the bank is something legit in the real world. Like having it registered and declared who owns it. A bitcoin bank will still beneficial to everyone as this could give rise to people having more services that can be useful to every user. For example, if there would be a bitcoin bank that will have ATMs all over the place that we can use to withdraw our money in fiat, or something like that.

Or maybe these "bitcoin banks" are just the same fiat banks that just adopted bitcoin. I can't picture out somebody spending that much money for establishments, ATMs, just to build bitcoin banks, not unless if bitcoin is already booming in business. If you create a bitcoin bank, it can't be just one bank. It has to be scattered around the country or even around the world. That's tons of money

This is not necessarily required

There are regular retail banks (i.e. banks which work with individuals accepting money to deposits and loaning it to borrowers) which don't have branches or offices (barring the major office). They issue both credit and debit payment cards, you can withdraw cash through ATMs of other banks (and don't pay fees at that), i.e. they basically offer all the services which banks having physical presence offer, while they can still be said to exist entirely in cyberspace. And this is with fiat money which involves cash transactions. With Bitcoin, which is purely digital, starting a banking business should be a lot easier

Even if the bank is registered and people know who owns it, if the bank gets robbed or something bad caused your bitcoins to disappear, then the bank can't actually do anything. They can't recover it anymore because hackers will surely distribute the bitcoins to different wallets and act as if a lot of people are transacting to each other just so they cannot be traced

There are certainly risks involved but if profits heavily outweigh these risks, banks will go for Bitcoin (provided they are allowed, of course)

[lOvE mE forEvEr]

Currently function of the bitcoin is already good, no need for a bank. If there is a bank, I think bitcoin function bitcoin equal to fiat money, I think it is not nice, bitcoin must be different with real money so no need to bitcoin bank.

[HEQIAOAN]

Bitcoin is too volatile in price to be used in a traditional banking institution. A loan valued at $2000 could be worth $1500 tomorrow morning or $500 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.

[Reid]

Currently function of the bitcoin is already good, no need for a bank. If there is a bank, I think bitcoin function bitcoin equal to fiat money, I think it is not nice, bitcoin must be different with real money so no need to bitcoin bank.

More like Paypal. It is like an online bank for you to purchase what you want in the world wide web.
Lucky for Paypal they hit the spot of being used normally like a fiat also and the people got used to it.
Shops also agreed and made it as a payment method.
Why not bitcoin? Because we are not centralized? Because we are not using US dollar?
If you go through it somehow there is like power behind it.
While they dont even see how Paypal is robbing them.

[Vorth]

I don't agree on idea of Bitcoin bank because it is against the nature and fundamental idea on what Bitcoin is working and was invented. Bitcoin is sign of freedom and decentralization where as any type of banking idea means again centralization and tough rules and regulations just like traditional ways. I will not use such services as long as will be possible to avoid them.

[ije07]

If the project what you mean an impact of good , what is wrong ? maybe it has been a piece of work those who want to extended . ~

[lukmandog]

If the project what you mean an impact of good , what is wrong ? maybe it has been a piece of work those who want to extended . ~

Well, if "Bitcoin bank" gives the best effect for everyone, of course it is a good idea ..

But, in my view, if bitcoin bank exists. Course there will be those who will control it. By doing so, bitcoin is no longer anonimity.