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Author Topic: Build a Bank Of Bitcoin  (Read 14820 times)
wallstone
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August 26, 2018, 10:03:51 PM

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 ?

If the flat money has their own bank, then I can say that people using btc can also trust their money in a bank for btc. People will easy to trust their money and invest to that bank. It would be more convenient and easy for them to loan and have any transaction. As of nownow the question is where will be the bank will be established?
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August 26, 2018, 10:04:54 PM

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 ?

That is cool building a bank of bitcoin is belongs to millenial and it guarantee or an assurance that people will be successful generating the coins of bitcoin and it is very new idea in the community. I love saving and banks of bitcoin surely people will participate well for the future usage.

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Mariela
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August 26, 2018, 11:54:56 PM

That's is a good idea. If someone create a bank for bitcoin. It could be easily to withdraw and deposit for us and no one to investigate because that is our privacy.

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kristineirene
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August 27, 2018, 12:34:28 AM

Why not 'i think that would be better imagine  that we have bank of bitcoin  that is so cool and maybe it more better if the bank have also a mat machine were u will gonna withdraw the funds that can convert in cash ir money right away without hassle
Nasty23
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August 27, 2018, 01:14:47 AM

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 ?

That is cool building a bank of bitcoin is belongs to millenial and it guarantee or an assurance that people will be successful generating the coins of bitcoin and it is very new idea in the community. I love saving and banks of bitcoin surely people will participate well for the future usage.
Yes it is good to have a bank for bitcoin so that many people got aware and also have an assurance that bitcoin can give them a good future and also their bitcoin are stored in a secured place on which they can have an ability to saved bitcoin and convert it anytime to use it in their daily life.

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MagicByt3
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August 27, 2018, 01:28:01 AM

Did anyone tell this guy with bitcoin you are the bank?  Cheesy
Lauff
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August 27, 2018, 05:42:09 AM

in my opinion, for bitcoin, there is a wallet for my own storage, so if you build a traditional bank for bitcoin, I think your plan is less effective, because currently not all countries accept bitcoin as a legitimate transaction tool
gaurav82
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August 27, 2018, 06:00:54 AM

For run the bank only trust is not enough. There should be organization, plan, service and much more. If you have better plan and service than fiat currency bank then I think people will come to you.
Lorin
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August 30, 2018, 06:48:20 PM

In building a bank there are rules to be follow like a fiat money bank, how can we sure that our bitcoin is safe? I think it woud not be a good idea, if you build a bank government will be involve  on that because of some requirements. You can save bitcoin without banks by using your own wallet.

Semosuchi Tesongrato
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September 02, 2018, 05:13:01 PM

It's always frightening for me the level of economic interest: there's always someone who proposes to print more money, and someone who wants to create a bitcoin bank.
To both I suggest to devote themself to agriculture ...

In fact it is rather ridiculous.
On the other hand, the "bank" has been for centuries the place where the money was kept, so it is quite normal that people who are not sufficiently informed think that it might be good to make a bank for bitcoins.
Sooner or later they will understand that it can not be done.

Mjadon15
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September 02, 2018, 06:00:25 PM

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 ?

Why build a bank again when every Bitcoin holder is a bank manager of his/her own crypto bank?. You talking about security, when Bitcoin wallets like blockchain and Coinbase are already giving us that. Building a strucutre for a crypto bank is as irrelevant as developing a control social media for Facebook users. It is of no use really.
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September 02, 2018, 06:24:53 PM

I don't think this is a good idea. It'll make the system centralized and by that disrupt the very idea of blockchain. Also, I don't think that a bank can give a user enough safety.

Cobrak777
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September 02, 2018, 08:11:20 PM

Launching such a bank would not be easy) Firstly, there is no sufficient regulation for crypto financial institutions. Secondly, it would not be profitable for you - BTC is growing in long term period - and how will you pay dividends to your investors?
Brunusmagnus
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September 05, 2018, 09:03:58 PM

The usual proposals of those who are doubly ignorant, in economics and in cryptocurrencies.
A bitcoin bank makes no sense, since your account is already a "bank".
Bitcoin was just born to get rid of the power of the banks.

Andrej Peiboski
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September 06, 2018, 04:57:16 PM

I would be curious to understand how you could "deposit" money in a bitcoin bank ...
If you continue to make this proposal, it means that there is still a long way to go.

Ipwich
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September 07, 2018, 05:11:02 AM

I would be curious to understand how you could "deposit" money in a bitcoin bank ...
If you continue to make this proposal, it means that there is still a long way to go.
That would mean time because we are not seeing a massive adoption yet.
Remember that banks are governed by the state, so they need to follow a set of standards and procedures, in short they need to regulate bitcoin.

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shelemiah31
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September 07, 2018, 02:40:31 PM

I think this is a great idea.I am pretty sure it is also digital and it is very convenient.It may be a long procedure but rest assured it will give you long lasting benefit. Business owners and investors will be happy.
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September 07, 2018, 03:43:58 PM

Any kind of Financial institution can provide a couple of associated with earnings based on your own factor. Should you gather bitcoins to be able to wait around till it improves within cost, the reason why have you been not really lucrative to maintain it's bitcoins inside a Financial institution?
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September 08, 2018, 10:18:59 PM

A bank for bitcoins is a contradiction: but surely, new services will arise that we are normally used to receiving from a bank: loans, leases, mortgages, etc.
We will see how they will be able to combine new technologies with traditional services.

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September 08, 2018, 10:49:58 PM

Right now more banks have begun to adopt the blockchain technology understanding the true need of advancement and the effective process involved with blockchain technology. The same will let more banks to use bitcoin into their banking activities which at present is available with very few banks.

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