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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)
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October 23, 2017, 05:03:36 AM
 #2441

People have a freedom to choose whatever they do and wherever they put their coins. But i am mainly referring to people that praise Bitcoin because it's decentral allows them to avoid dealing with banks since they can have full control over their coins that they hate banks and all that.
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October 23, 2017, 05:11:50 AM
 #2442

At the moment, no, i don't agree with the idea of bitcoin bank. First, a lot of people dont know what bitcoin is and how it works, second, bitcoin is a decentralized digital currency, so it would be difficult to put it in a centralized bank, and lastly we should wait to on how far would bitcoin go... Smiley

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October 23, 2017, 06:00:44 AM
 #2443

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.
Why do we need to use the dencentralization network for Bitcoin system? You also know use decentralization network can help us avoid the management of anyone, especially the government and banking system. Honestly, in present, there are many people do not want to put their money in the bank. But in some countries, the government is forcing people to put money in the bank and use it with limited funds.

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October 23, 2017, 06:26:12 AM
 #2444

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?
i think its not bad because with any bitcoinbank. people more interest to invest and more safety without there is feel scared to dissapear their bitcoin

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October 23, 2017, 06:55:37 AM
 #2445

Yes bitcoin bank is a good idea. Today we are facing issues to withdraw and buy bitcoins with a high fees.If bitcoin bank is developed in every country with less fee then it would be good.
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October 23, 2017, 06:59:22 AM
 #2446

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?
i think its not bad because with any bitcoinbank. people more interest to invest and more safety without there is feel scared to dissapear their bitcoin
In one form what's been said is the true fact. Such banking services can help the people who doesn't know how to make use of it. Even with the digital banking people are not much aware about it. So to have a successful bitcoin bank is completely an tedious job and to sustain without flaws is very difficult.


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October 23, 2017, 07:17:16 AM
 #2447

Yes, I agree with the idea of setting up BTC bank. Now in the banking industry. Full of monopolies and rights. I want to have a truly centralized banking platform. The interest rate here will serve you, a platform that is not controlled by any country or company
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October 23, 2017, 07:31:44 AM
 #2448

I think the purpose of bitcoin is for us to have a free choice on how we will use it. We have a complete privacy over our coins and only our carelessness will be the only flaw. Having a bitcoin bank that regulates bitcoin is not really a bad idea but also not good. One company will control everything. Yes, we use wallets to deposit our coins but that's a completely different from a bank. It is great to have their services. We could even earn profits from our idle coins but having them really will cancel out our cause, to have a 100% privacy over our money. Well, its just my opinion so please enlighten me with some of your ideas.

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October 23, 2017, 08:22:00 AM
 #2449

Yes, I agree with the idea of setting up BTC bank. Now in the banking industry. Full of monopolies and rights. I want to have a truly centralized banking platform. The interest rate here will serve you, a platform that is not controlled by any country or company

Yes I also agree, I think the idea of bitcoin bank is very good because it will make bitcoin users will not lose bitcoin so all transactions must get confirmation directly from user so bitcoin is more secure from theft.

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October 23, 2017, 08:41:46 AM
 #2450

Basically, if the bigger picture of the bitcoin market is a chaotic free-for-all with a few solid algorithms and ceilings in place, these guys are postering it with corporate sensibility and bureaucratic ambassadorship.
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October 23, 2017, 08:46:03 AM
 #2451

I don't think btc bank is that bad. You can earn more btc by depositing btc.
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October 23, 2017, 08:47:17 AM
 #2452

how can you store bitcoin in the bank if theres no legal records of your coin ? and they can easily just tell to the depositors that the bank is hacked and robbed in the net ! aarent our wallet online is our bank? we have full control of it !

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October 23, 2017, 08:51:40 AM
 #2453

Every bitcoin users wants a bitcoin bank, it is a big advantage it can grow and grow everyday because of its popularity and the volitility is high

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October 23, 2017, 08:57:54 AM
 #2454

for now the existing system in the banks is unclear, But if in the future the system of bitcoin bank will be better and will assure us it good security, then I would use the bitcoin bank and supports its full growth into a bank used it. I will wait for it and learn its process to ensure the safety if my funds.

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October 23, 2017, 09:05:48 AM
 #2455

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?
i think its not bad because with any bitcoinbank. people more interest to invest and more safety without there is feel scared to dissapear their bitcoin
In one form what's been said is the true fact. Such banking services can help the people who doesn't know how to make use of it. Even with the digital banking people are not much aware about it. So to have a successful bitcoin bank is completely an tedious job and to sustain without flaws is very difficult.
I do not agree with you because bitcoin is created because of the fact that people do not trust banks with their money it is not good to create something like that and later to let a bank rule all over it i would say it is better without a bank.
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October 23, 2017, 09:15:16 AM
 #2456

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?
Bitcoin was created specifically as a decentralized fiscal system that avoids the use of centralized banks that control the global money supply for their own gains, all while causing dramatic problems for the common citizen that doesn't understand what is happening behind the scenes.
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October 23, 2017, 09:15:27 AM
 #2457

Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
I believe exactly the same this one of the worst ideas I've ever heard,a "Bitcoin bank" has nothing to offer and it is against Bitcoin philosophy the few who agree with this idea and are interested in using a bank like this to keep their coins are probably newbies or people who never understood the concept of Bitcoin.
Yes, I agree with you I think that bitcoin bank will not be helpful to other people they will just doubt and doubt what is the pupose of the said bank, but is it right to build one of this in our country, are they so sure that it can help other people, what may be the affect of it in society we must think about all this before we say something that can be helpful or not on us.

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October 23, 2017, 09:18:36 AM
 #2458

Why do we need "Bitcoin bank" where in fact we already have bank in the forms of web based wallets that are reliable and secure for a long time? Well, not unless if all those wallets will have bad issues that would destroy their reputations to its users would then be the best reason to shift to that "Bitcoin bank" with no ounce of hesitation.
I agree. We don't need a bank if our money is already save on online wallets. The bitcoin bank is probably something that will never happen and does not need to happen because a lot of people are already happy with their online wallets.

Why don't we need to read at least couple of messages above?  Grin
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October 24, 2017, 06:52:38 AM
 #2459

I completely agree with the idea of bitcoin bank if it doesn't need any kind of personal information like the normal banks.In normal banking system they take all kind of personal information and they even charge us tax for our own deposits and we also have to pay taxes for own money and they need every single information about our trade and how we earned the money and we also have to show the source of income .whereas in the case of bitcoin bank i expect it to be the same like what it is doing now by keeping all the transactions confidential as what it is doing now.

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October 24, 2017, 09:18:37 AM
 #2460

No, I do not like this notion simply because, just one of the advantages Bitcoin is that it is impartial of the banking institutions all your income belongs only to you.
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