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Zimbabwecoin
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September 24, 2017, 12:45:58 AM |
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A bitcoin bank is great until it is not. Then once it is no longer great you are shit out of luck. It is like having a business partner who you let control all your cash. It is great as long as they pay you. But, then when they run off with the money there is not much you can do. Possession is 9/10ths of the law.
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Planning to launch Zimbabwecoin in the future. Focused on building a community around it now.
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Daimon88
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September 26, 2017, 05:33:14 AM |
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I completely disagree the idea of bitcoin bank i think we don't need it as bitcoin is meant to remain decentralized always and the idea of bank is to centralize bitcoin. Even some regulated web wallets like coinbase, xapo practice same restrictions like normal banks with lots of account lock down and KYC policies which is completely against what bitcoin was developed for.
I think since bitcoin has been popular to everyone even around the world I think bitcoin bank is a great idea. If this would be possible i think it is one of the steppingstone of bitcoin to be accepted by everyone of us even the government of China. Yes I do agree with the idea of “Bitcoin bank”. But what will it look like. Will it be sort of super computer or like a bank? Whatever it looks like, people will surely getting benefits from it. They will either be using this bank for insurance, savings or transactions processes. |
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richkellj
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September 26, 2017, 01:33:29 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.
for me it is a good idea that to have us bitcoin bank. but in the other side it is have a big risk to have one. why? because most of use are anonymous in this bitcoin world. how could we say that this bitcoin bank is totally legit and we all have in a good hand for those future clients who wants these services, let say it is a good idea to have but not totally recommended because of high anonimity. Agree with you and it is right the feature of decentralization of bitcoin would be ended if bitcoin banks introduced and mostly people likes bitcoin for decentralization feature. I am also against the bitcoin bank and whenever if it happened then I will start thinking for alternate business because I don’t want interference of others in my personal business and don’t want to reveal something of my secret before someone. |
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henmark
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September 26, 2017, 02:19:35 PM |
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yes I agree, I think banks and bitcoin can work together to make transactions easier and simpler. of course bitcoin and bank will strengthen each other so I think this is a very good idea.
I thinks that bank is good but not in respect pf bitcoin because the world of bit coin is totally different from other investment institutions as bitcoin based banks will definitely implement other taxes which is the primary duty of any government of this world, which will lessen the interest level of the investors. |
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Barbarian
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September 28, 2017, 09:23:53 PM |
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actually it's good if there is a bitcoin bank, but there only in particular to store our wallet hardware, which we use as a savings for Bitcoin ..
Banks are not good take that out of your mind, they get profits by doing nothing, the service they give is no longer necessary, besides they have abused their position of power so much that it is impossible we can trust in them, that is why bitcoin is so great because it is trustless. |
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KEPLER99
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September 30, 2017, 10:40:41 AM |
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actually it's good if there is a bitcoin bank, but there only in particular to store our wallet hardware, which we use as a savings for Bitcoin ..
That is good way to store bitcoins. Bitcoin bank will be so useful for us but for that firstly I think the governments have to take some steps of being unauthorized to it. Bitcoins banks should only save the wallets not bitcoins directly because if it so, then there will be no difference in fiat and bitcoin later on. |
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coinpennant
Member
 Offline
Activity: 110
Merit: 10
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September 30, 2017, 11:31:35 AM |
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Bitcoin bank means centralized organization. I never trust keep my money in other place include small bank in my country. It will be worst idea to make bitcoin as centralized service. But who knows maybe I am wrong...
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yohan09
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September 30, 2017, 11:48:56 AM |
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Yes i love bitcoin bank in the future at least it will boost up the popularity of btc and insurance to all our btc holdings. This will also lift up the value of btc because it will drive the curiosity of the mass of what is btc all about. And if somebody will help them elaborate whats the good thing of btc then in realization bitcoin holders are keep enjoying the good fortune bring in.
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diegz
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September 30, 2017, 11:49:56 AM |
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Bitcoin bank means centralized organization. I never trust keep my money in other place include small bank in my country. It will be worst idea to make bitcoin as centralized service. But who knows maybe I am wrong...
That's not true, just think of it like you are keeping your bitcoin on a exchange, your bitcoin stays on just one address, and only moves when you are moving it to other address by means of paying or any reason why you want to transfer it. In my opinion it will only become centralized when the bank who keep your bitcoin is utilizing your coins and earning from it and they are the one who are in control of your address and just giving you access on it. |
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streetlight
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September 30, 2017, 01:04:52 PM |
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Bitcoin and bank are oxymorons lol. One of the things Bitcoin does is dis-intermediate third parties that aren't necessary and since the Bitcoin network has it's own triple entry bookkeeping system people don't need banks, just their phones.
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Wildwest
Sr. Member
Offline
Activity: 1701
Merit: 314
Binance #Smart World Global Token
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September 30, 2017, 01:13:18 PM |
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I'm not sure yet and don't think so if this good idea. As we know we have own bank like blockchain, electrum and something else also can be controlled it self we do not need Bitcoin Bank. If there is any "Bitcoin Bank" i don't think people will agree with this idea, bank have full control of money.
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Zenithar
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October 03, 2017, 07:38:35 PM |
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actually it's good if there is a bitcoin bank, but there only in particular to store our wallet hardware, which we use as a savings for Bitcoin ..
Banks are not good take that out of your mind, they get profits by doing nothing, the service they give is no longer necessary, besides they have abused their position of power so much that it is impossible we can trust in them, that is why bitcoin is so great because it is trustless. I will also say a BIG NO because we are already fed up of banks terms and conditions and monopoly. I will never ever agree with Bitcoin Bank. I have bank name. Bitcoin is already secure and I want to work in free environment without any hard restrictions. I like the current strategy of bitcoin business and transactions. in future we can expect that the new generation will mosly use online wallet system which is more convenient and easy. |
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valentin68
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October 03, 2017, 07:45:34 PM |
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What makes bitcoin unique is that you can have the bitcoins in a wallet on your computer. certainly there are some wallets online, but thease are wallets and not banks. Bitcoin is descentralized, and because of this a bitcoin bank will never exist. It is better this way, a bank would change in worse many things for bitcoin.
The nearest wallet that resembles a bitcoin bank is Coinbase but coinbase remains a wallet, and is not a true bank.
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Colt81
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October 03, 2017, 08:35:10 PM |
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If a bitcoin bank is supposed to be like a fiat bank where you give your bitcoins to someone who knows everything about you as you will not be able to do that without giving your valid information, then Not at all, because then there would be no difference between fiat and bitcoin.
We all know that bitcoin is a nice idea in which you can save your bitcoin on that bank. However, there is no such bank who accept bitcoin. I think I will prefer to my bitcoin on online wallet than on bank. Lastly, I hope there will be a bank in where you can put all your bitcoins. |
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Jgatsby
Full Member
Offline
Activity: 265
Merit: 100
Pretty kewl right?
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October 03, 2017, 08:47:26 PM |
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I don't think it's a good idea, Bitcoin is Decentralized, the fundamental and essence of Bitcoin will lose. There will be restrictions and we all know that banks will just monopolize Bitcoin, so it's a no for me.
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Shreek
Full Member
Offline
Activity: 476
Merit: 112
IDENA.IO - Proof-Of-Person Blockchain
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October 03, 2017, 09:15:12 PM |
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I would argue that this idea contradicts the concept of bitcoin ,, the concept of bitcoin is decentralized, it means that bitcoin is not centered in a project or a company, but I appreciate your idea, it just needs to be customized with bitcoin ,,
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Youghoor
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October 03, 2017, 09:19:22 PM |
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No i dont agree... only if this "bank" has the real concepts of bitcoins then it would be a great idea, i mean, with a full descentralized control of the money in it, but how is supposed that people will withdraw their money if bitcoin is supposed to be 100% anonymous? i dont find a good explanation for that.. It would be impossible to realize a bitcoin bank, maybe if we have new technologies in some years, then we can develop it.
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btcdepo
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October 03, 2017, 09:21:14 PM |
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I do not agree with bitcoin bank. I believe it is against btc's philosophy behind it .anonymity.
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Shamie1002
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October 03, 2017, 09:29:43 PM |
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I know that the bitcoins philosophy is decentralisation and banks are totally the opposite of the bitcoins concept yet we should bare in mind that bitcoin must have a safe storage especially now that it is very valuable. Well I think that this banks my be the safest place. Some may buy and sell but if they will implement my banks I hope that less fees, because I don't know what's the point of bitcoins in terms of no transaction fees if that would happen.
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Cindy1983
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October 03, 2017, 09:33:17 PM |
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I think it's no need bank for Bitcoin. With Bank you often use to keep your cash and receive stable interest every month or year but with Bitcoin I think we no need to send it to bank. Our Bitcoin wallet, coinbase, xapo, electrum,....is our own bank and the money we have is increasing everyday when Bitcoin price increase. Beside I feel keep Bitcoin in Bank like invest my Bitcoin into some HYIP system to receive interest everyday or month so I prefer keep it by myself to use Bitcoin Bank.
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