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Author Topic: Build a Bank Of Bitcoin  (Read 26457 times)
Nasty23
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August 27, 2018, 01:14:47 AM
 #461

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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DaCryptoRaccoon
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August 27, 2018, 01:28:01 AM
 #462

Did anyone tell this guy with bitcoin you are the bank?  Cheesy

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August 27, 2018, 05:42:09 AM
 #463

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
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August 27, 2018, 06:00:54 AM
 #464

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.
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August 30, 2018, 06:48:20 PM
 #465

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.
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September 02, 2018, 05:13:01 PM
 #466

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.

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September 02, 2018, 06:00:25 PM
 #467

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
 #468

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
 #469

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
 #470

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
 #471

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.

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September 07, 2018, 05:11:02 AM
 #472

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
 #473

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
 #474

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
 #475

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
 #476

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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Winterwood21
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September 08, 2018, 11:12:15 PM
 #477

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 ?
tell me more about your bank, if it's better than the decentralized system that blockchain has today, maybe many people will be interested. but I don't think that's possible because bitcoin is not for banks and people prefer e-wallets to keep their bitcoin.
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September 09, 2018, 03:01:50 AM
 #478

Why we need bank of bitcoin if we can easily opening bitcoin wallet. Bitcoin wallet is like banks account and thats why banks afraid if bitcoin spread wide and used by many people.
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September 13, 2018, 10:03:53 PM
 #479

A bank for bitcoins obviously does not make sense, since the blockchain is already a bank in itself.
But it is clear that there will always be a need for banking services: intermediation, leasing, advances, credits, investments, etc.
So surely the banks will create specific offers for the crypto sector.

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September 15, 2018, 08:41:57 AM
 #480

I think this is not an option. Bitcoin Bank should be established under the jurisdiction of the uninhabited Islands. Then you can avoid taxes and stay in the legal field.
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