Build a Bank Of Bitcoin

[Cacao2017]

Do you want a bitcoin bank? I think if there is a bitcoin bank it is convenient for us and we will have good services such as bank leniency such as loan service and deposit bitcoin ...

[Astra2127]

We all know that there is no single entity who owned bitcoin, maybe it will need ample time and deep discussions, like about it's possible advantage and disadvantage of doing such thing.

[kniheant]

i think building a bank of bitcoin is a possible one, but it will make every functioning of bitcoin to be same as that happens with the traditional banking system. For this reason I don't expect the bitcoin to have separate banking network.if bank support bitcoin i think it is good idea!

[geegaw]

Why we need bank of bitcoin if we already have bitcoin wallet. When we having bitcoin wallet, its like we having bank account and we can directly make transaction with others. I am prefer keeping my bitcoin in my own wallet because bitcoin wallet is secure

Agree, I just feel comfortable when bitcoin is stored in my wallet, rather than bitcoin bank because this is a virtual world, we can not believe anyone, the government will not be involved and deny the responsibility for the bitcoin bank, so there is no reason to trust a bank, bitcoin has disappeared, we also have no way to get back bitcoin. No one has enough credibility to build a bank of bitcoin except government but the government never supported the idea of building, this is a series of problems without solutions, better that we should ignore this topic

[toolucky98]

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.

i agree with this, especially in the lending service one, i think there are some people that want to join in crypto but they don;t have the money, i think that lending idea is a good one, and for me crypto is better to be a personally in an own wallet

[Mhd-Bobbi]

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 is impossible to create a bitcoin bank, you have to build a bitcoin bank infrastructure in all countries that have branches, you must also provide some data that can be trusted by many people to reduce crime.
But my advice is better to provide better means of exchange that can receive loans.

[Brunusmagnus]

It is impossible to create a bitcoin bank, partly because it is not clear how they could be "protected". And then, the bank is already in your computer.
Instead, typically bank services may arise, such as loans, mortgages, leasing, etc.
We will see how they will develop.

[Escf4]

It is impossible to create a bitcoin bank, partly because it is not clear how they could be "protected". And then, the bank is already in your computer.
Instead, typically bank services may arise, such as loans, mortgages, leasing, etc.
We will see how they will develop.

That is true I agree with that ,because the bank services are of business, as you mentions like loans ,lease  mortgages, while here in bitcoin we are more in trading business nearly to a stock exchanges ,so banks are only holders for deposits ,so the bitcoin bank will fit for hodlers of coins , but if you engage in trading ,buy and sell then you are the one managing your own bank.

[t3ChNo]

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'm 50/50 on this. I like the idea but very wary of the security.

[Andrej Peiboski]

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 ...

[passeroutpass]

Nobody likes the word "bank" in the cryptomir, because it is associated inevitably with fiat money and loans. The most interesting thing is that in the real world banks face similar scalability problems. By giving our money to the bank and using a plastic card for payments, the bank does not transfer money to another bank immediately, but issues a debt note and conducts a mutual settlement later. This scheme perfectly scales, but to apply directly to Bitcoin, of course, we have no desire.

[Fitrilalala]

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 ?

no at all, you need to build trust and how you generate profit ? . I believe to give interest you need a profit and also to make people to trust you need to build a real custody and give a clear idea how the cash flow will work for your customer

[Ayston]

I saw ICO that are established to build relationship with banks wherein they can process fiat from banks to coins for their user or vice versa they can turn your coins to your banks account.... But I don't see them being productive as of today...

[mr.nby]

It depends upon the situation. I will trust you if you bank of bitcoin have a high quality of security where i can asure that my crytocrurrencies are safe.

A decentralized system such as cryptocurrencies does not need banks. It was created in order to eliminate these institutions and it does well without them. Banks are necessary fiat money because this system was created in this way.

[Bakery cream15]

At first i would say, i dont trust everyone on the net. Bank of bitcoin is means centralized currency, and no one can guarantee it will be fine using it

[Visteryy]

Of course I will feel comfortable if you can provide a security guarantee on bitcoin that I keep in your bank, people save fiat money in conventional banks also because they feel comfortable and safe from the guarantees provided by the bank

Normally there are bank cash users feel secure. If electronic money also has its own bank, that's great. Investors will be more secure to invest.

[wallstone]

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?

[djgtr]

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.

[Mariela]

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.

[kristineirene]

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