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

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Author Topic: Do you agree with idea "Bitcoin bank" ?  (Read 141736 times)
Barbarian
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October 20, 2017, 02:33:50 AM
 #2421

No.
Bitcoin/Crypto Currency is freedom. We must not go back. We must go forward!
 
Not only it will be a step backwards it could steal from us the last opportunity to change the system, after bitcoin then what can be possible invented that can be better than what we have, it is very difficult to imagine something better than bitcoin so the hegemony of banks will continue uninterrupted for a long time if we let that happen.

The opportunity to centralise and control emission of cryptocurrency is already lost for banks. I don't think a bank will seriously give a try. But banking services is not about 'centralise, control and make evil' only. It's more about the low fees and high speed of transactions, it's big infrastructure that exists already and almost ready to work with cryptocurrencies.
I will not underestimate them they found a way to centralize the emission of gold coins even if anyone can create gold coins, so I’m sure they are trying to find a way to play the same trick on bitcoin, maybe that will not work right now, but when most people adopt bitcoin they may succeed since the average person does not know anything about the history about money.
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Bacotan Bae
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October 20, 2017, 03:11:17 AM
 #2422

I think having bitcoin is also having a bank with a currency using bitcoin. Example of the bank i mention is your wallet, since it work like a bank that can be transacted anywhere and everywhere.

I think it different, if we use the services of the bank then it is the same with the services of many third party rules, now the wallet is not much rules so in a matter of minutes we can open the wallet and is actively used.


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October 20, 2017, 06:09:51 AM
 #2423

There are multiple ways people can store bitcoins offline, using either a paper wallet or hardware options from companies like Trezor, Opendime, Ledger, and Keepkey.
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October 20, 2017, 08:48:39 AM
 #2424

Bitcoin is not fiat currency that needs a physical place to store the currency. Bitcoin is a digital currency so it does not need to be operated by any bank.

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October 20, 2017, 09:57:41 AM
 #2425

Bitcoin is not fiat currency that needs a physical place to store the currency. Bitcoin is a digital currency so it does not need to be operated by any bank.
Fiat currency doesn't need a physical space either. In fact, most of fiat money only exists digitally.
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October 20, 2017, 10:50:40 AM
 #2426

I don't get the point of having Bitcoin Bank in cryptocurrency. I am not in favor of this kind of idea.  What i most like about BTC is for being decentralized.

In my opinion, having bitcoin bank may let BTC become centralized because a new party may control our BTC.
I don’t think so because in some cases it need to have ‘bitcoin bank” but in some cases it doesn’t need any bank etc because in bitcoin there are a lot of things happened everyday and also the main point is price of bitcoin which is not stable and change in every moment so that’s why I prefer that it doesn’t need to have bitcoin bank because now the speed of popularity of bitcoin is also fine and if it go like that then future of bitcoin will be good.
sana gull
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October 20, 2017, 10:51:51 AM
 #2427

There are multiple ways people can store bitcoins offline, using either a paper wallet or hardware options from companies like Trezor, Opendime, Ledger, and Keepkey.
You know bitcoin is a currency and a digital currency so if it is a currency then it must need a bank to securer and help people to invest in bitcoin easy but also to the popularity and spreading of bitcoin all over the world don’t need any bank etc because as we see bitcoin become more popular without having any help.

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Redanim
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October 22, 2017, 02:44:01 PM
 #2428

It would be very nice if bitcoin made their bank, because it would be legal and would be official, no need to pay big fees, anytime you can go or call in bank to ask something, income will be increased in several times and demand also.
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October 22, 2017, 04:45:01 PM
 #2429

This seems awesome proposal. How long time ago no one does that?
It's a terrible proposal and goes against the core values of crypto.
Mike | Crypterium
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October 23, 2017, 03:06:19 AM
 #2430

This seems awesome proposal. How long time ago no one does that?
It's a terrible proposal and goes against the core values of crypto.

What are the core values of crypto and what do you understand under the "cryptobank" term?
Bourbon44
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October 23, 2017, 03:13:33 AM
 #2431

this is antithetical  to what bitcoin stands/meant for. it's interesting, but i think it would bring us back to square one. having a bank would mean someone is in power.
Mike | Crypterium
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October 23, 2017, 03:23:38 AM
 #2432

this is antithetical  to what bitcoin stands/meant for. it's interesting, but i think it would bring us back to square one. having a bank would mean someone is in power.

Bank, in terms of crypto, doesn't mean that someone would actually posses your currency
JokoBona
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October 23, 2017, 03:32:36 AM
 #2433

I disagree, because if there is a bitcoin bank it is no different from fiat currrency, and we do not have full control over the bitcoin we have
Argoo
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October 23, 2017, 03:49:53 AM
 #2434

Bitcoin, like the other crypto currency, does not need banks to store these assets there. It's even a stupid idea. The most reliable bank for storage is cold storage in a digital purse. And the very meaning of such a bank is incomprehensible. This, in fact, should be a room with servers for storing information. I personally do not see the point in this.

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October 23, 2017, 03:59:40 AM
 #2435

I actually use Chase as my "Bitcoin Bank". I have an envelope containing a cold storage private key printed on paper and a USB containing an encrypted wallet.dat which I have placed in a Chase safety deposit box. I had to recently visit Chase to move the coins to a new address for replay protection purposes.
King Sastro
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October 23, 2017, 04:17:31 AM
 #2436

I think this is a very good idea, with bitcoin and bank together it will make a big change in the global transaction system so it will make things easier. I hope this soon gets realized faster so it will make a big change.

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Jombrangs
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October 23, 2017, 04:21:46 AM
 #2437

for my own opinion i am agree on the idea to have the bitcoin bank. for us to know how many bitcoins do we possess and i also agree with this kind of idea for our bitcoins to be safe however it has a disadvantage which is i think the lager fees.

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October 23, 2017, 04:36:05 AM
 #2438

I think, bitcoin bank has become like this and others. There will be many kinds of problems. And we want bitcoin to be seen in another dimension.

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October 23, 2017, 04:57:03 AM
 #2439

for my own opinion i am agree on the idea to have the bitcoin bank. for us to know how many bitcoins do we possess and i also agree with this kind of idea for our bitcoins to be safe however it has a disadvantage which is i think the lager fees.
We don't need bank because if you want to make sure that your bitcoin is safe then buy some hardware wallet because it is a one time payment and if you buy right now then you can use that hardware wallet as your own bank and you have access to it every time and you are controlling the money that you have and there is no third party that will see your worth of money in coins.

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October 23, 2017, 05:02:48 AM
 #2440

I don't think Bitcoin bank survive in the current scenario, as people are yet to understand how it works, as the majority are unfamiliar with the bitcoin bank. All are currently using nationalised and private banks as they are part and parcel of their life, so bitcoin bank idea is good, but it has to implement in such a way that it should reach everyone.
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