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Author Topic: Build a Bank Of Bitcoin  (Read 13266 times)
bit-emperor
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February 10, 2017, 12:52:11 AM
 #1

if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
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February 10, 2017, 01:53:27 AM
 #2

bitcoin bank should build in large numbers means there are branches in several major cities in the country, provide services, as well as a good management system competitive interest then surely people will believe
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February 10, 2017, 02:03:05 AM
 #3

bank of bitcoin without transaction cash fiat money is ready, dekstop wallet or online wallet is same bank in fiat money
but if you want bank of bitcoin must build office, and can direct cash fiat money in bank of bitcoin i think is very dificult and imposible
you must understand, many people like bitcoin because anonymous without verified ID


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February 10, 2017, 02:07:39 AM
 #4

I dont think this will click. Bitcoin is not meant for bank. Its not the purpose of bitcoin. Bank is centralized while bitcoin is decentralized system. We dont want our identity revealed. Plus, no banks ever done this before, afaik. Why dont you build an exchange rather than this? Exchange/lending service, that would be great.

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February 10, 2017, 02:26:46 AM
 #5

I don't believe. first I didn't know you, second actual there are other alternatives to save bitcoin (wallet)
get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin
how can you pay interest and bitcoin used worldwide if you made a bitcoin bank whether you can lend the whole world

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February 10, 2017, 02:36:17 AM
 #6

if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?

A bank is not a simple institution. They are regulations involved. There is minimum capital adequacy. Depositors are protected through insurance... It isn't easy getting permission and running a bank.

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February 10, 2017, 03:20:03 AM
 #7

if the bank is not take any taxes for any transaction we've made, then i think the bank should be fine. because we know that the bank is controlled by government so if there is any bank of bitcoin then i am sure that government will get involve with bitcoin too and they should make any regulations for this and we can not use bitcoin by free like before. we should pay the tax, more fee when we make a transaction and any other that we don't like.
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February 10, 2017, 05:04:55 AM
 #8

you dont have to build a bitcoin bank all by ourselves with ur guys .as china is building their own bitcoin bank which is very crutial and others should understand that china will be the most powerful country if all the people start using bitcoins as on a daily basis.
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February 10, 2017, 05:23:11 AM
 #9

if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?

i have always said that this is what will happen in the future when bitcoin adoption grows but instead the traditional banks will do it, not random person on the internet. having your money at the bank, taking loans, ... these are all giving banks lots of profit and they share a small portion of it as profit they give to savings accounts.

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February 10, 2017, 05:31:05 AM
 #10

We have already discussed the idea of bitcoin bank and a majority of the users are against the concept of bitcoin bank (I am not one of them).

Do you agree with idea "Bitcoin bank" ?

Have a look at the thread (link above) to have brief understanding of user's opinion.

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February 10, 2017, 05:32:21 AM
 #11

if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
Wow you would tend to build your own bitcoin bank? You did already think off the posibilities that might happen if you plan to do this? If government would accept your service then it would be good but i think most bitcoin users would not use your service at all because there are lots of wallets could be used to.

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February 10, 2017, 05:36:14 AM
 #12

if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
Nope, I guess you must read this word.

Quote
Be my own bank.

Blockchain.info

So, I don't think a lot of people will interest with your idea they already own their own bank.

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February 10, 2017, 05:46:04 AM
 #13

With which back up gold reserves you planning to secure your funds? with what arm forces are you going to enforce the law upon any arising issues?
You think operating a bank is like copy pasting the source code and build a wallet and then create a sh*t coin?
Who are you guys and where you come from another planet?
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February 10, 2017, 06:07:18 AM
 #14

You know, wallets can be your own bank. It doesn't make sense  to me if you are making a bank for bitcoin. I haven't seen any bank like this. Why dont you make a wallet with unique features? Bank means you need to get under the government control which bitcoin users dont  want to be involve with.

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February 10, 2017, 06:08:57 AM
 #15

if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
In my opinion It can't be a good idea . Think twice before to start or think to start such type of services .
First problem is to start your own bank needed to permission and there will question asked by them that his will you grow your money , if you will say that it is only bitcoin for which we start bank than what will be your reply for the down of the price of bitcoin .
In this way you can't prove that you can start bank with bitcoin . Instead of start bank you should make own money investment the bitcoin and trade like a fiat bank money .
Well here you need to think that idea of bitcoin bank already is looking to start own service but I am.not sure what will happen in future .


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olubams
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February 10, 2017, 06:11:21 AM
 #16

if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?

But you also need some fundamental truth about traditional bank that they don't just wake up one day and start doing that and people don't just keep money with them. They do quite a number of things which include depositing large amount of money with the Central Bank to be sure they are liquid enough. They also comply with all registration and the likes. They don't just start and go international. If you can do this, I am sure the trust will come and I can keep some with you...

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pinkflower
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February 10, 2017, 07:04:25 AM
 #17

if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?

Two words for you. NO WAY.

Why would I trust you? BTC is designed to remove the trust and become a trustless system. It removes the middlemen, also known as the banks, out of the transaction if I send BTC from my wallet to another wallet. Why add an old concept to what is something new? Your thinking should be changed.


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bravehearth0319
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February 10, 2017, 07:23:30 AM
 #18

if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
It's not because I don't trust you, but Bitcoin was designed for anonymity, and decentralization, most people will ignore your bank for sure if ever that happen. Because they don't want somebody will hold their coins and with verification Id before they withdraw their bitcoin. Even yourself your not gonna do it also.

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February 10, 2017, 07:27:12 AM
 #19

With the price fluctuations happening with bitcoin it is really a hard to function by paying interest to the users similar to the traditional banking. With banks a common interest is paid to the users but with bitcoin if interest is paid depending on the price of bitcoin people won't be benefitted much. This keeps them to follow traditional banking than the bitcoin banking system.

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February 10, 2017, 07:30:54 AM
 #20

I dont think this will click. Bitcoin is not meant for bank. Its not the purpose of bitcoin. Bank is centralized while bitcoin is decentralized system. We dont want our identity revealed. Plus, no banks ever done this before, afaik. Why dont you build an exchange rather than this? Exchange/lending service, that would be great.

funny thing is that while what you say is true, everyone is still using an exchange to trade(and hold their funds which is against what bitcoin is by your logic, because they are centralized

i think a bitcoin bank could help bitcoin adoption greatly for those that are newcomers to this world, in fact with the introduction of coinbase in the past, which is the best bitcoin bank you can get now, the adoption did increased
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