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pushups44
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September 21, 2017, 05:23:22 AM |
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As bitcoin is decentralized, people can do whatever they want with it. I would not be shocked if in the future, besides ATMs, there are physical bitcoin banks that deal exclusively or almost exclusively with the cryptocurrency. What will determine this is popular demand. Yes, currently there are online banks and exchanges, but for physical ones there will have to be more mass adoption.
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ihsanskanzaone
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September 21, 2017, 05:35:59 AM |
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if I still agree to agree that if the bank can improve the quality and security
in bitcoin transactions because I believe bitcoin is the currency of the future
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Destroyeroff98
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September 21, 2017, 05:40:47 AM |
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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.
No, bitcoin is a crypto currency and it should not be controlled by the bank. |
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Viscore
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September 21, 2017, 06:49:38 AM |
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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.
No, bitcoin is a crypto currency and it should not be controlled by the bank. They can't control the bank but they can regulate exchanges, our option to cash out bitcoin is to convert in exchanges and it's our bank actually, if we do not want to be controlled then we just hold it. As bitcoin is getting more and more popular, regulations will be more strict to ensure laws are not broken and the interest of the government will be protected. |
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jonatuzc
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September 21, 2017, 07:01:59 AM |
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i agree Bitcoin bank is a good idea , with Bitcoin Bank created , Bitcoin will going to public ,.
I think there will be no link of bitcoin and bank, if so then I think people will not interested in bitcoin, because they have already the facility of bank. If I want change in my life, I will definitely prefer to bitcoin, because I need a currency which will be accepted throughout the world. So that I shall not exchange my local money to buy something outside my home country, and through bank I will have to pay exchange charges. |
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Williamsss
Jr. Member
 Offline
Activity: 58
Merit: 10
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September 21, 2017, 08:06:48 AM |
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NO because bitcoin make us free from normal bank system so that we talk about back to bank it will be so wrong idea
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jostorres
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September 23, 2017, 10:54:48 AM |
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I disagree with this idea "bitcoin bank" because first of all bitcoin is decentralized currency already. If you put bitcoin in a bank means there is a certain person or group that is holding our bitcoins and its centralized already. I like to put my bitcoins to microwallets for me rather than a bitcoin bank. Thats my opinion
I am also not sure that a bit coin based bank would be established as bit coin is free from several limitations like in banks different types of taxes are implemented on your own money while in case of bit coin you are a free customer and you will get the profit of you investment according to your efforts and struggle so I also don’t think like. |
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darkywis
Full Member
Offline
Activity: 308
Merit: 100
BIG AIRDROP: t.me/otppaychat
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September 23, 2017, 11:02:36 AM |
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i dont think banks for bitcoin because we have our wallet for safe keeping.
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Lecsor
Full Member
Offline
Activity: 210
Merit: 100
Comprehensive Blockchain Billing Protocol
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September 23, 2017, 09:19:11 PM |
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I gues i agree
For more secure
Such banks will not give greater security to your crypto currency than the blockchain system. But banks will take additional services from you. I am against such banks |
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lalabotax
Full Member
Offline
Activity: 1512
Merit: 132
BK8 - Most Trusted Gambling Platform
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September 23, 2017, 09:22:42 PM |
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I agree with what you say, I think just like you. what can they handle with the risks involved? obviously this does not make sense to me.
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GreenBits
Legendary
Offline
Activity: 1148
Merit: 1048
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September 23, 2017, 09:25:47 PM |
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I gues i agree
For more secure
Such banks will not give greater security to your crypto currency than the blockchain system. But banks will take additional services from you. I am against such banks agree and disagree. on the one hand, if you dont have the keys then they arent your coins. hell, if someone else is sharing the keys they arent completely yours anymore. so as an old head, im not to keen about any type of "hosted" wallet solution. but on the other hand, the average person's cyber security is absolute shit. people have no idea how much information they leak due to poor "hygiene". social media records, weak passwords are all vectors for attack. enterprise grade security is magnitudes more robust than this, but its centralized so you arrive back at the initial problems. its a devil either way, but since institutions have civil liability, I think I would go with a hosted wallet on this one. if they can offer the value added services that real banks offer, without all the fees, im all ears. |
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Hannibalis
Full Member
Offline
Activity: 133
Merit: 100
BELUGA PAY. Complete Mobile Point of Sale System
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September 23, 2017, 09:46:59 PM |
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In my opinion bitcoin bank is against decentralizing. what will be the difference between bitcoin bank and an ordinary bank?
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GreenBits
Legendary
Offline
Activity: 1148
Merit: 1048
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September 23, 2017, 09:55:16 PM |
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In my opinion bitcoin bank is against decentralizing. what will be the difference between bitcoin bank and an ordinary bank?
Esssentially, bitcoin banks are proposing the same services that normal banks would offer pretty much. loans, money storage, and the purchase of debt. the difference is in the fees, and the rates of return. using a blockchain means a free, built in ledger/database. this greatly reduces operational costs, and the subsequent fees that would be passed along to the customer. add to that the volatility that bitcoin brings, and investments managed by professionals should offer rates of return superior to what we see in the alt markets. but that superior return would be tied to superior risk, like always. so you cant really guarantee the enhanced returns, but you really could get the operational fees down to nil, and still turn a decent profit. my only problem with bitcoin denominated banks is centralization. its like you just cant get some benefits without dealing with a centralized service  |
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Adykingcity
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September 23, 2017, 09:57:40 PM |
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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.
So who will hold the bitcoin bank, satoshi nakamoto is just a pseudonym, and who will manage the bank? But it would be nice if bitcoin really has a bank |
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phreeksta
Member
Offline
Activity: 112
Merit: 11
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September 23, 2017, 10:01:29 PM |
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Wouldn't be a bank kind of senseless for a decentralized currency? For what exactly should I use a bank, when I am already able to do everything I need to ... having an account, sending + receiving money etc. What exactly would a bank bring to the table?
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fitriyanti
Jr. Member
Offline
Activity: 54
Merit: 10
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September 23, 2017, 10:17:11 PM |
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I strongly agree with the existence of bitcoin bank. because we as bitcoin players become easy to attract bitcoin for us to convert into currency
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phreeksta
Member
Offline
Activity: 112
Merit: 11
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September 23, 2017, 10:31:55 PM |
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Wouldn't be a bank kind of senseless for a decentralized currency? For what exactly should I use a bank, when I am already able to do everything I need to ... having an account, sending + receiving money etc. What exactly would a bank bring to the table?
Well, you are right. But think about ordinary people, many of them won't bother about security of their funds. They would like to be provided a secure service. These just don't understand the purpose of decentralised currency. Also "crypto bank" could work like today's exchanges. They would allow to hold many different cryptocurrencies in one place. You have a point there! Security is a big problem for sure. On the other hand, imagine what a bank can do with all the bitcoins they hold. They could manipulate the market easily. |
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neya
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September 23, 2017, 10:41:25 PM |
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i dont think this bitcoin bank is a good idea.we have already our own wallet serves already as our bank which we can cash out our bitcoin if we need it already.hard also to trust if we need the keys.the security issue also.and who will handle the bank.
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WatchMaker
Full Member
Offline
Activity: 518
Merit: 104
PUFFY FINANCE
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September 23, 2017, 10:56:10 PM |
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Bitcoin is supposed to be free where people will control their asset.
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ramsdaj28
Sr. Member
Offline
Activity: 420
Merit: 256
اللعنة
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September 24, 2017, 12:28:52 AM |
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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 agree with you. BITCOIN BANK is not a good idea for me. In the first place, what really banks are for? Anyone who is planning to build or create a bitcoin bank aims to earn from interests. Banks are designed to ear profit from the interests of those deposited to them. Why do bitcoin banking if you can manage your own money through exchanges and trading? Well, bitcoin bank is out of the line for me. |
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