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Author Topic: Do you agree with idea "Bitcoin bank" ?  (Read 142236 times)
adzino
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October 07, 2017, 01:11:50 PM
 #2201

In this case I do not really understand the bitcoin bank. But if that happens I'm sure bitcoin will be more famous in the future. Due to the existence of a bitcoin bank everyone would ask what is bitcoin. to transact and shopping using bitcoin will be easy.
You also do not understand the concept of bitcoin. Bitcoin was created as a decentralized currency. No single institution or a person will have control over the currency. But if there is a bitcoin "bank", then the person or group who controls the bank will be controlling the currency, thus losing its key feature. Your wallet is your own bank.

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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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October 07, 2017, 01:45:22 PM
 #2202

 :)Hey ...
 I don't think this idea is any good .. Because bank is something that needs to be stable if it itself is not stable it can't promise stability to other people that will come to invest or take a loan .
Also bitcoins and stability are never gonna be on the same dice so better we should forget about this idea.
Also bank works on the factor that the money that people invest with them.. they... Use it.. to give loan.. and..thus get their... Necessarily payment indirectly.

But with bitcoins that will be very hard to deal with..
But who knows.. there are people with very high IQ they might device something we never thought about.
Wink

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October 07, 2017, 06:15:05 PM
 #2203

I love bitcoin and crypto because they allow me to bypass banks, so what problem would a bitcoin bank solve...?

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October 07, 2017, 06:20:28 PM
 #2204

The idea of bitcoin it is to be your own bank and have control of your money (private keys). Which could be the interest of a  "Bitcoin bank" ?
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October 07, 2017, 07:06:44 PM
 #2205

I accept I like Bitcoin more than any bank because it is Secure and Transparent, But banks are Secure but not Transparent as because they use our money to give loans. Why They use our money for giving loans why not they just make some separate money for that. I would not like to see the term BitcoinBank as I will not tolerate Bank with Bitcoin they will clearly corrupt it.
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October 07, 2017, 07:25:09 PM
 #2206

I disagree with the idea of ​​bitcoin bank. I join bitcoin just want to have free asset without any third party interference. I want to control the bitcoin in full, if there is a bitcoin bank then I feel can not manage bitcoin freely.

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October 07, 2017, 09:42:09 PM
 #2207

I disagree with the idea of ​​bitcoin bank. I join bitcoin just want to have free asset without any third party interference. I want to control the bitcoin in full, if there is a bitcoin bank then I feel can not manage bitcoin freely.
i am studying the replaces of the people here, and can see that most of the people replay is that they are not agree with bitcoin banks. In fact people do not want to have the old traditional way of deposing and withdrawal of money from banks. but  it can only be possible through  online wallet which is i fact the modern way of keeping your money, where you can get access to at any time and from anywhere.
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October 07, 2017, 10:19:17 PM
Last edit: October 10, 2017, 12:43:03 AM by LordDisick
 #2208

That's quite strange. I guess the idea of crypto currency itself denies the idea of having any bank (if we speak about a controlling organization). Or otherwise it will turn into a usual financial system, and I'm not sure that's what bitcoin users are waiting to happen.

Yes it is absolutely strange, i disagree on this "bitcoin bank" what is the use of bitcoin being decentralized if we use a bank to store bitcoins?We have a wallet adress that are secure to store our bitcoin,we can also grow our money by investing in bitcoin. Bank is for paper money only in my opinion.
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October 07, 2017, 10:43:06 PM
 #2209

It could be like a center for bitcoin services, helping people who do not understand bitcoin, but its role would be limited to consulting & exchange

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October 07, 2017, 10:51:51 PM
 #2210

The SEC and the world's financial securities firms will continue to attack bitcoin banks if the developers form a physical office, they will demand full financial statements every day and will not make the developers feel comfortable, letting bitcoin banks be held by every user in the form of a wallet proved to be very effective to this day.
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October 07, 2017, 10:53:48 PM
 #2211

No i dont agree, it is like making bitcoin centralized, and that is all the opposite of what bitcoin was created for, so it is never going to happen unless that a cryptocurrency is created for that purpose (creating a bank) but i dont think that this is going to happen, and less in this times, that we are full of fuds between cryptocurrencies and banks.
So no, it wont happen soon
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October 07, 2017, 11:01:36 PM
 #2212

I don't agree with this idea at all. Cryptocurrencies are supposed to give us freedom. I want to be my own bank. There is no point in storing your bitcoins in a so called Bitcoin bank. The only things they could offer are loans and interest. Still, I wouldn't keep my BTC there. I would rather use Electrum and encrypt my private keys.
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October 07, 2017, 11:14:35 PM
 #2213

Don't like the idea of a Bitcoin Bank, but maybe.. if its only role is bitcoin consulting & exchange.
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October 08, 2017, 11:26:53 AM
 #2214

Yes I do and I will definitely support it, Ia m also thinking of having a bitcoin bank to store and deposit my bitcoins so that I don’t need to carry it around with me in my mobile and having it stolen means I will loose a lot. A bitcoin bank like what a cash bank has is a great idea and will open a lot of possibilities and job opportunities for people who wants to work in that bank. I am in full support of this if this will take effect.

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October 08, 2017, 11:40:15 AM
 #2215

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 no one needs a bitcoin bank. Bitcoins will not exist, because anyone can store bitcoins on their own. If you send the bank, you will be more risk when the bitcoin suddenly change the price. Bitcoin bank is a bad idea

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October 08, 2017, 12:00:17 PM
 #2216

No i do not agree with bitcoin bank because that is what makes bitcoin special that it is not kept by a bank or some other kind of holder but it is kept safe with yourself in your hardware or online wallet.
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October 08, 2017, 12:13:49 PM
 #2217

not agree with that.
we must pay more maintaine or additional tax for the bank. and we dont know it save or not. and i think, wallet is more good than bank, more save because just are that hold the bitcoin, no additional charge and other
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October 08, 2017, 12:27:32 PM
 #2218

i do not comprehend what is meant by a bitcoin financial institution and what is the harm in getting 1 bank for the people that need one.what at any time it may possibly be i do expect some type of banking rules currently being launched for bitcoin by some governments .
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October 08, 2017, 12:33:10 PM
 #2219

not agree with that.
we must pay more maintaine or additional tax for the bank. and we dont know it save or not. and i think, wallet is more good than bank, more save because just are that hold the bitcoin, no additional charge and other
I agree with you about the additional charges, but I don't think that you will be incurring any additional tax if you hold your money into a bank account. It is your money in the first place and simply holding it in your bank don't make sense if it becomes taxable as the main point of tax is for eliminating unjust riches. Either way I don't think that Bitcoin will be an option for banks in the future as there is no scenario where they will accept cryptocurrency in their business system.
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October 08, 2017, 12:56:34 PM
 #2220

I think bitcoin bank is a good idea. If this come then we all need not to have 3rd party to transfer our Bitcoins. With single step we can convert, save, transfer our coins to our bitcoin banks.

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