Do you agree with idea "Bitcoin bank" ?

[koffendar]

It would be nice if there's a way for people to pool their bits and invest it in a business and then receive dividends later, though I guess that would be hard to implement considering how anonymous bitcoin is. it can be invested into different businesses and it depends on how much you are going to make, there are a various types of investments you can join, like this

[stadus]

Yes I agree with the idea of bitcoin bank because of the security reasons which of our money that has very good foundation, unlike with online wallets which is very prone to hacker attacks. If banking will implement this ways of digital currency it should be an offline system and you can only access your account prior local system transactions made personally in the bitcoin banking system in order to prevent bitcoin stealing, like possible bank robberies which there is no fiat cash form of money.

Yes, if such a bank were given a guarantee of that, then I will not lose my bitcoins and get a profit, then I am also ready to use this bank. Only I do not want to pay high commissions

If they will require you to pay you should not put your money on that bank, in our country banks give us interest on our deposit and I hope that will be the case if ever there will be a bitcoin bank. We will surely gonna earn more money because we will receive interest and the value will grow at the same time.

[mackenzied]

One vote for the agreement, the bitcoin banks will bring convenience to our transactions, everything is faster and more convenient than ever.

[DoublerHunter]

One vote for the agreement, the bitcoin banks will bring convenience to our transactions, everything is faster and more convenient than ever.

You maybe true but can you think if we have bank then it will be centralized and they can control everything like the market and they can control our money, then we are not the banks because we are transferring it to another place. We already have bank accounts for bitcoin and that is our wallet and we love being decentralized and hated of having a centralized market because that means lower profit.

[Perle]

One vote for the agreement, the bitcoin banks will bring convenience to our transactions, everything is faster and more convenient than ever.

You maybe true but can you think if we have bank then it will be centralized and they can control everything like the market and they can control our money, then we are not the banks because we are transferring it to another place. We already have bank accounts for bitcoin and that is our wallet and we love being decentralized and hated of having a centralized market because that means lower profit.

I would not use such a bank. I do not need this service, because my bitcoin wallet does everything I need. My bank of bitcoins is in my smartphone.

[citywise2]

 I don't support any bank of a thing over the bitcoin.
let bitcoin remains as it is because we don't want the bitcoin to loose it's value.
Bitcoin is goof as it is now because when it has been created as a Bank a lot of fraud will enter into it.

[deisik]

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 OR any centralized service which only ask name and email address.

I think that you are totally wrong. Bitcoin is money. Or at least "play" the role of money. Mainly. The Bank is created (as a institution) to give money and to earn from this process. A normal business like hundred and thousand others. People always will have need for money from the banks. One day may have desire to have credits in bitcoin. Why the bank doesn't give credit in this kind of money?

Because it is too risky for the bank

If the Bitcoin price goes down, the borrower will be in a privileged position to return the loan with cheap bitcoins, which he could just buy with borrowed dollars and thereby book profits. The same is even truer with Bitcoin price surging since in the latter case, the borrower will be inclined to default and forfeit his collateral, which he could then buy back with only a part of the bitcoins he borrowed. As you can see, lending (especially mid-to-long term lending) becomes an extremely risky enterprise

there is a reason why lending in bitcoin is only done for very short terms, just to avoid the problem of the price instability, there are numerous users doing it in the lending section

i'm sure a bank can pull this off too with some sort of interest, also with a bank the borrower can't scam and can't run away, because thye would have his identity, and would be chased by the police, i mean you can't do the same shit you do here with a bank...

You seem to not get it completely

The borrower doesn't need to run away. When an individual takes a loan in a bank he provides collateral in case he can't pay out the debt (for whatever reason). Legally, the bank can't take more what has been agreed upon between the counterparties (the bank and the borrower), and police won't help you here (you as the bank) in any conceivable way. So if Bitcoin price skyrockets, the cost of collateral in Bitcoin terms will obviously decline as much, so the borrower will be tempted to default on his loan since he could just buy what he forfeited and still have some coins in his pockets left from the loan

[Gens09]

Yes this is really a great idea having a bitcoin banks but we know that we use bitcoin wallet to store our bitcoins but if bitcoins in our bitcoins bank can make money or have a capital as time passes this can be a great idea and can be use like a investment but you need a high fund to advertise a lot to make bitcoin user's put there bitcoin in bitcoin banks.

[boyptc]

Yes this is really a great idea having a bitcoin banks but we know that we use bitcoin wallet to store our bitcoins but if bitcoins in our bitcoins bank can make money or have a capital as time passes this can be a great idea and can be use like a investment but you need a high fund to advertise a lot to make bitcoin user's put there bitcoin in bitcoin banks.

It is a great idea for the adoption but our wallets is already serving as our banks. With this type of idea, we will be taxed by the bank and we will be charged for using their service. If this is going to happen, I will be glad that it is really happening but there's no way for me to use their service or maybe if I'm desperate in need of bitcoin.

[dunfida]

Yes this is really a great idea having a bitcoin banks but we know that we use bitcoin wallet to store our bitcoins but if bitcoins in our bitcoins bank can make money or have a capital as time passes this can be a great idea and can be use like a investment but you need a high fund to advertise a lot to make bitcoin user's put there bitcoin in bitcoin banks.

It is a great idea for the adoption but our wallets is already serving as our banks. With this type of idea, we will be taxed by the bank and we will be charged for using their service. If this is going to happen, I will be glad that it is really happening but there's no way for me to use their service or maybe if I'm desperate in need of bitcoin.

Maybe there would be some people would definitely use bitcoin banks because they do like somehow security on their bitcoins but as you said it would really be charged by fees or taxed by putting it on banks which means it still useless and those banks are just making money out of it.Bitcoin banks is possible but surely only a few would really use their service and i would rather use my own wallet than using banks.

[Xester]

Yes this is really a great idea having a bitcoin banks but we know that we use bitcoin wallet to store our bitcoins but if bitcoins in our bitcoins bank can make money or have a capital as time passes this can be a great idea and can be use like a investment but you need a high fund to advertise a lot to make bitcoin user's put there bitcoin in bitcoin banks.

It is a great idea for the adoption but our wallets is already serving as our banks. With this type of idea, we will be taxed by the bank and we will be charged for using their service. If this is going to happen, I will be glad that it is really happening but there's no way for me to use their service or maybe if I'm desperate in need of bitcoin.

Maybe there would be some people would definitely use bitcoin banks because they do like somehow security on their bitcoins but as you said it would really be charged by fees or taxed by putting it on banks which means it still useless and those banks are just making money out of it.Bitcoin banks is possible but surely only a few would really use their service and i would rather use my own wallet than using banks.

Bitcoin banks could be a great idea and actually there are already some moves to create it. The problem with banks is not with banks at all but with the rules and policies that they have. And so if we were to create and accept and use a bitcoin bank we must also secure that the policies made to be used in that banks will be pro-user and not a profit oriented principle that only the banking owners will enjoy.

[feanry]

bitcoin banks will be inevitable. People are seeming too lazy to understand the core concepts of bitcoin ecosystem and they want bitcoin similar to the traditional banking system or similar to other online payment processing system. If there were nothing else but Bitcoin and no web wallets hanging around, folks would have to learn the Bitcoin basics lest they should lose money

[Capradina]

How is this thread 40+ pages long? I am pretty sure that if the OP wanted to make a Bitcoin Bank then the OP would have did it already. Bitcoin Banks just reminds me of people lending Bitcoins and that is just what it is right? If I had the choice within the near future that I had to choose that a person can hold my Bitcoins for x amount of interest earned on it or just keep my Bitcoin in my Bitcoin address then I would  just keep my Bitcoin.

All concerned about bank I think will not apply in the bitcoin, because when someone who is already familiar with the primacy of bitcoin will easily to leave the bank system (except when saving a lot of money). Because banks will only provide a great loss to those who are bad enough in managing their finances. A bank is a place that is only suitable for use as a storage of money when we use money as a means of payment or investment I'm sure won't give you a huge advantage unless indeed do a great investment
 

[kpcian]

One more question I want to raise. Is that idea go along with the philosophy of Bitcoin?.If you say yes then I have no disagreement on this point but if it goes against the theme of Bitcoin then I will not totally assent with that.
But I think Bitcoin Bank would be more inconvenient for surviving it's existence.

[whizter]

Yes I agree with the idea of bitcoin bank because of the security reasons which of our money that has very good foundation, unlike with online wallets which is very prone to hacker attacks. If banking will implement this ways of digital currency it should be an offline system and you can only access your account prior local system transactions made personally in the bitcoin banking system in order to prevent bitcoin stealing, like possible bank robberies which there is no fiat cash form of money.

i think the bitcoin bank is not such a good idea, as we are already tired from the traditional banking system, therefore i will never like to continue such a boring system. i think the online wallet system is the best system as i am using it for such a long time and will like to continue, because i can access to my online account from anywhere and at any time.

[jayc89]

I am against the idea of a Bitcoin Bank because I don't want anyone to hold my Bitcoin. I mean why should I want to do that when I could easily make an interest off of Bitcoin's price going up?
Being greedy is a good method to losing money.

[uneng]

I am against the idea of a Bitcoin Bank because I don't want anyone to hold my Bitcoin. I mean why should I want to do that when I could easily make an interest off of Bitcoin's price going up?
Being greedy is a good method to losing money.

Yes, banks earn money just by letting your money quiet there, you need to pay fees for them everytime for everything you do, they just want to take fees, fees and more fees. Our profit could be much bigger if we could just skip them.
We can store bitcoins for free on our wallets forever, we just need to pay fees to move the money, but all the rest can be done for free, that is the beauty of digital currency. Bankers would ruin it.

[naniutik]

Bitcoin is anonymous and decentralized, while bank is not anonymous and is controlled by the government. The whole point of bitcoin will be destroyed if the idea of bitcoin bank is implemented. It'll be just like fiat. I liked bitcoin because you don't need to have a bank to start earning.

[Jasad]

I am against the idea of a Bitcoin Bank because I don't want anyone to hold my Bitcoin. I mean why should I want to do that when I could easily make an interest off of Bitcoin's price going up?
Being greedy is a good method to losing money.

banking system and bitcoin system itself is against each other ,
so pretty clear you don't have to expect there is a bitcoin bank ,
just let it be , no benefit at all right to have a bank of bitcoin ?

[Yakamoto]

I am against the idea of a Bitcoin Bank because I don't want anyone to hold my Bitcoin. I mean why should I want to do that when I could easily make an interest off of Bitcoin's price going up?
Being greedy is a good method to losing money.

Yes, banks earn money just by letting your money quiet there, you need to pay fees for them everytime for everything you do, they just want to take fees, fees and more fees. Our profit could be much bigger if we could just skip them.
We can store bitcoins for free on our wallets forever, we just need to pay fees to move the money, but all the rest can be done for free, that is the beauty of digital currency. Bankers would ruin it.

Banks don't keep your money there, they maybe keep 10% of what you have in the bank but they make a majority of their money off of the loans. The fees are just a convenient way for the banks to sap wealth while lending out your money behind the scenes.

Bankers are more likely to soft-break the maximum amount of Bitcoin than anything else. Some security systems would be respectable, but most aren't.