Do you agree with idea "Bitcoin bank" ?

[Casy]

A bank pretty much undermines the decentralized approach of the bitcoin system.
While users new to bitcoin might find it decent to have the responsibility for maintaining their funds at trusted hands and eradicating the need for periodical backups, it is reducing general anonymity and privacy and increasing the probability of a focused attack.

Any system that should meet demands of privacy needs more action from its users, since privacy always means keeping essential data and secrets private. But in my opinion, it's worth the extra effort.

[deisik]

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

As to me, these are not the best selling points of Bitcoin

Bitcoin is not anonymous as coins which specifically aimed at anonymity, and whatever anonymity it has seems to have come mostly as a beneficial side effect due to its nature as a decentralized currency. Regarding (lack of) government control, it is not so much about this control either (or lack thereof) as ease of transacting in Internet without regular banks as intermediaries and all the hassle they bring with them like registration which requires papers as well as cumbersome payment process

[bitcoinvestor]

Bitcoin is decentralized while bank is centralized, how can unite two opposite ideology?

[Monnt]

Yeah why not , if u have a lot of money and u want to turn into BTC and u can save in bitcoin bank , to use in past with "credicard".

For now it seems there is no bitcoin bank. After all, few users are interested. I myself was not interested because I much prefer storing bitcoin in the wallet

Storing bitcoin in a wallet is a like putting your money in a bank, so that means that a wallet already serves as  bank itself, so to speak. It also performs a lot of different functions, much like banks, and the good thing is that you are in complete control of what you want to do with your bitcoin.

I do not see much sense in using something like this, since that way you would not have full control over your coins. Moreover, if a large amount of bitcoin will be stored in banks, the banks or government would manipulate the bitcoin price.

The manipulation of the bitcoin price can be a major issue in it. As the bank will be the only institution holding the bitcoin, with this we may face numerous problems. The best thing to do is to educate all the users of the bitcoin about how to secure their coins. Use the best wallet systems that are trustworthy of the systems with a minimum ratio of risk to the hackers and other stuff like that.

[deisik]

Bitcoin is decentralized while bank is centralized, how can unite two opposite ideology?

They are not opposites

If it were really so, we wouldn't have Bitcoin mining heavily centralized in the first place as of now. So it is dubious that Bitcoin is as decentralized as we are made to believe. Further, it is not banks that are centralized, banks as separate economic agents are no more centralized that any other economic agents out there (including individual Bitcoin holders and users). It is a banking system which is centralized around a central bank, but Bitcoin banks would be beyond this system altogether since the latter is centralized only in terms of fiat

[sunsilk]

Bitcoin bank will only make your identity uncovered and eliminate the decentralization of bitcoin. The bitcoin you store will be in control as well as your identity

Yeah and that is going to make bitcoin useless for being a anonymous crypto currency.Since banks are centralized and will require us with our information.

There would be no hidden information when we transact. For me it's not a good idea if you are going to use their service.

But of the economy of bitcoin and for the sake of the market, it is good for the adoption.

[taofutur]

Question:   Do you agree with idea "Bitcoin bank" ?
Yes
No
I don't know/I'm not sure yet
I don't care

NO ! 

In my humble opinion, it is necessarily to fall into the problems of centralization.
Everyone has his opinion.

[raven7886]

Bitcoin is an ideal system that is designed to do without the services of banks. Therefore, I do not understand why complicating this process. Bitcoin Bank will not bring anything for users except for extra costs and control

Have you used a web wallet yourself?

Even if you have, you certainly didn't (try to) use the official Bitcoin client since otherwise you would have known that wallets are not really complicating the process. They are in fact simplifying it by hiding all the gory details from the user's eyes. The user doesn't have to know anything about Bitcoin inner workings, how it is built and of which parts it is made (blockchain, blocksizes, etc). He just need to learn what Bitcoin address is, and that's pretty much all

No doubt the exchanges sometimes face difficulties while dealing with the traditional banks but to my opinion the banks are adopting the bitcoin easily every next day. When we talk about a bank specifically designed for the Bitcoin, it means that we are trying to take things once again to the traditional system. It will be limiting the bitcoin to certain body. With this the bitcoin will lose its increasing number of users as well.

[deisik]

Bitcoin is an ideal system that is designed to do without the services of banks. Therefore, I do not understand why complicating this process. Bitcoin Bank will not bring anything for users except for extra costs and control

Have you used a web wallet yourself?

Even if you have, you certainly didn't (try to) use the official Bitcoin client since otherwise you would have known that wallets are not really complicating the process. They are in fact simplifying it by hiding all the gory details from the user's eyes. The user doesn't have to know anything about Bitcoin inner workings, how it is built and of which parts it is made (blockchain, blocksizes, etc). He just need to learn what Bitcoin address is, and that's pretty much all

No doubt the exchanges sometimes face difficulties while dealing with the traditional banks but to my opinion the banks are adopting the bitcoin easily every next day. When we talk about a bank specifically designed for the Bitcoin, it means that we are trying to take things once again to the traditional system. It will be limiting the bitcoin to certain body. With this the bitcoin will lose its increasing number of users as well

Which certain body do you refer to?

And how these banks are ever going to negatively affect Bitcoin users so that their numbers will be diminishing? People here continue to stubbornly assume that someone (say, government) will be forcing them to use these banks. No one can force you to use them. Moreover, just because of that Bitcoin banks if they should really spring up (which seems to be still far in the future, anyway) should offer very lucrative terms to attract Bitcoin users, certainly not in the way regular banks do, which you do have to use if you are going to transact online

[HEISENBURGG]

I agree with a Bitcoin bank so long as it merely an iteration of a "safe" , no fees  except for an annual yearly price of let's say $25.

Never any fees! 

[hangar18]

well bitcoin bank will create increased market confidence and also better than safety issues

[rikybrosh]

Bitcoin Bank is not a bad deal. Cause it will help increase the bitcoin users and its currency. However there might create a problem with your identity are not anonymous anymore.

But It can makes some people to monopolize the Bitcoin. if you have a lot of bitcoin you have to pay tax for that., but if you feel fine with bitcoin bank so its okay, everybody has their own  decision.

[deisik]

Bitcoin Bank is not a bad deal. Cause it will help increase the bitcoin users and its currency. However there might create a problem with your identity are not anonymous anymore.

But It can makes some people to monopolize the Bitcoin. if you have a lot of bitcoin you have to pay tax for that., but if you feel fine with bitcoin bank so its okay, everybody has their own  decision.

Do you suggest a tax on wealth or what?

Why should some people pay taxes just because they have more bitcoins than the rest of the pack? I don't think that these people will agree to that and are going to pay such taxes anyway. In fact, some governments (e.g. that of France) actually levy similar taxes (the so-called wealth tax) but it only contributed to capital flight as well as people ceding their citizenship and moving to countries with more loyal and "user-friendly" tax systems

[Patatas]

Do you suggest a tax on wealth or what?

Suggest ? Isn't that''s what happens in the real world ? I mean,you could be all rich you want but if do need to pay taxes for every asset you have owned in terms if property/Fixed Deposits.

Why should some people pay taxes just because they have more bitcoins than the rest of the pack? I don't think that these people will agree to that and are going to pay such taxes anyway. In fact, some governments (e.g. that of France) actually levy similar taxes (the so-called wealth tax) but it only contributed to capital flight as well as people ceding their citizenship and moving to countries with more loyal and "user-friendly" tax systems

Because,Government can only harness more money from the Rich and not the Poor.Isn't it obvious ? On the brighter side,corruption makes it even worse,rich end up hiding their monies and poor are knee deep in taxes.

[Janation]

I agree with a Bitcoin bank so long as it merely an iteration of a "safe" , no fees  except for an annual yearly price of let's say $25.

Never any fees! 

You can't say that, holding such big bitcoins will be hard to supervise. And how will they hold our bitcoins? In one bitcoin address? That is ridiculous,  I better hold my bitcoins to myself than letting other hold it, that way I can manage my own money without blaming others when it has problems.

[severaldetails]

I think that bitcoin is ment to be decentralized and anonymous by its design.
A bank is a place where the coins are centralized.
And a bank is a place where customers and assets are transparent.
So I don't think that a bank for bitcoins would be something I would use.

[doaremon]

No there shouldn't be any bank. And the thing is what will bank do? There is already like coinbase which is similar to bank. Loan system will not work on bitcoin. Just earn them or buy and invest and grow your money.

[Yasirmrd]

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.

Bitcoin is the freedom. With bitcoin you are in control of your money. I don't like any such limitations.

[iqlimasyadiqa]

No there shouldn't be any bank. And the thing is what will bank do? There is already like coinbase which is similar to bank. Loan system will not work on bitcoin. Just earn them or buy and invest and grow your money.

I think BANK can make bitcoin more reliable. If you know that with the existence of a bank then bitcoin will be faster to grow and recognized by many governments in many countries. That's the real proof of a bank's trust and security.

[jossiel]

Bitcoin is the freedom. With bitcoin you are in control of your money. I don't like any such limitations.

Yes it is freedom and there are things and ideas that are free to use and adopt bitcoin with whatever purpose they want to.

But I don't want this type of idea either, this will just destroy the decentralization system that has been introduced by bitcoin.

And I don't want my transactions to be monitored and taxed by the bank.

We know that bank are earning that way, collecting fees even and using your money for their business and growth.