What happen if bitcoin build a headquarter bank

[Raline]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

[DaMut]

if Bitcoin do that i believe it will lose its value slowly,
many people used it due to 'freedom in their financial' and something like that.
what will happen if they do that ? of course it will lose its charateristic and absolutely sure its demand will be decreased a lot.
but it will not happen,at least right now i never hear about something like that.
and i hope they will not doing something like that,because it'll ruin our cryptoland.
why would they choose Bitcoin if they can use their own Fiat to do that ? it's not a new thing.

[mk4]

It completely depends if someone can execute a project like that while it being decentralized. If it ended up being centralized then it is a complete waste of time and is the opposite of one of the main factors that bitcoin is trying to achieve.

I have completely no idea if this is possible though. If you're talking about a physical bank, then no it's not a good idea.

[blocklancer8]

Surely there will be regulations that suppress the existence of this bitcoin. Many other dal taxes. but this will be impossible to be held by a government bank because bitcoin is digital money.

[Jeger.Kiting]

In my opinion, Bitcoin does not need to build a bank like any other bank, Bitcoin only needs a small ATM machine like a bank ATM out there, so it's easier for beginners who want to trade their Bitcoin, so they are not confused to exchange their Bitcoin, if Bicoin ATM machine made anywhere.

[HabBear]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

Bitcoin would become centralized, fiat currency. We could call it the Dollar?

Why would a single bitcoin bank, a centralized bank, be a good idea? Honest question. All the features you speak of exist in the crypto currency industry, why would we limit the industry to just one provider? Doing so stifles competition, which hurts consumers.

Some people aren't cut out for Bitcoin, maybe you're one of those people.

[miyaka26]

The bitcoin's goal will be futile if they will come to an agreement to held a central bank for the bitcoin as some people will try to manipulate and manage it losing the interest and investment of the people who love its potential and good traits. bitcoin will just become like a fiat money controlled by a single or a group of entity, losing and decreasing it's price over the market and there will be a new crypto market leader of digital coin because it is decentralized.

[Zalfa_mui]

in my opinion it does not need to be done ,, it would be better bitcoin like this. forever bitcoin is the digital currency and just being in the online world. it will make the bitcoin price expensive ,, if there is such a rule I am sure bitcoin prices will not rise again.

[Wind_FURY]

The OP and the replies after it visibly do not know what Bitcoin actually is.

Bitcoin does NOT need a headquarters. Core does not need one and even the defunct Bitcoin Foundation does not need one. Bitcoin is not like any other fiat currency you hold in your bank. It is data proven to have existed and immutable.

OP, go back to the basics and read this, https://bitcoin.org/en/developer-documentation.

[WolfOfCryptos]

This will never happen. It is against the bitcoin philosophy.

[defined]

what happens if bitcoin builds a bank  ??

Who is 'bitcoin' in this question?

[franky1]

it already exists

http://dcg.co/portfolio/

they have blockstream, bloq and many others as the IT department

coinbase, bitpay, bitflyer, bitoasis, bitpasa, bitso, kraken, coinsetter and soo many more as their 'local bank branches'

they even have their own media outlet, coindesk to control what they want people to know.
stil dont believe it? well check out all the debates over the last 3 years, if its not managed by guys funded by DCG, it gets REKT

[stompix]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

It will never happen as it is impossible.
Bitcoin is a currency or technically speaking a bunch of code.

Bitcoin is not an organization or an organism it is nothing that can have its own free will or thoughts.
And if somehow somebody will take control over the blockchain the next day bitcoin will be just another page in the history of failures as probably 99% will switch to the next decentralized currency.

I really don't understand why so many of you are so keen to give away your bitcoins to banks.

[Zufox]

Then bitcoin will lose its main advantage - decentralization. I do not think that this will happen, since in this case the creator of bitcoin (Satoshi?) Would not hide his identity. And bitcoin is quite quietly functioning on the Internet. It would be enough bitcoin-ATM.

[McKane]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

Bitcoin will never build a bank like another because bitcoin is far better than other things because we know that bitcoin is giving opportunity to people to invest and in a return get more while bank is not giving these opportunities to people so bitcoin is better like that. In future you will enjoy the value of bitcoin between like that 220000$.

[BrewMaster]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

bitcoin is not a person to build a bank.
bitcoin is not a centralized group that can build a bank.

anything that is made is made by third parties like you and me.
nothing happens when others offer different services such as wallets (coinbase, xapo,...) exchanges (bitfinex, poloniex,...) gambling sites (....). so nothing will happen when someone offers a "bank" services too.

what did you expect to happen anyways?

[franky1]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

bitcoin is not a person to build a bank.
bitcoin is not a centralized group that can build a bank.

anything that is made is made by third parties like you and me.
nothing happens when others offer different services such as wallets (coinbase, xapo,...) exchanges (bitfinex, poloniex,...) gambling sites (....). so nothing will happen when someone offers a "bank" services too.

what did you expect to happen anyways?

hav you seen blockstream lately..
they OWN the github and control what happens
the "you and me" you talk about have tried to do bips to upgrade the network and within 24 hours a blockstream employee has closed the bip/issue.

its time you get your head out of the sand thinking bitcoin code is not controlled and the gateways in and out of bitcoin are not controlled.

[waynechong1995]

It would be centralized which is against the original philosophy of Bitcoin, each account very need a full verification which defeat anonymity, nobody would use it as there is no much difference of what a standard 'bank' could provide, demand would just gone and other project depending on BTC die as well.  

Lets assume that even the impossible become possible - another similar crypto like Lite or Vert would immediately replace BTC and become the main medium for exchanging fiats, leaving the so called 'BTC bank' nothing but dusty rigs.  

[Exister]

A public decentralized organization u hang on to your own private keys.

What would this kind of bank do? would it allow you to instantiate your own private blockchain? access expert systems to help you solve hard tasks?
maybe u can get permissions from third parties to use a cryptographic signature for your company transaction or something.

its not really a bank tho.

before all that i hope we can get better interfaces for people to avoid making mistakes. easy tools to improve security for the vulnerable.


as for developer control nothing is ever going to be perfect. we need to be able to attract the right people to join the project otherwise bitcoin will lag behind competition.
If it turns out to be some cia op then we can do what it takes to stop using the network.

[ryanben]

You should keep in mind that bitcoin are created for the purpose of not having any intermediaries managing your assets. Each person's account is self-managed. If the BTC intervenes, it will no longer be the BTC's original goal. In terms of creating ATM cards, I don't think it is necessary at present because there are ATMs for buying / selling directly with Bitcoin.

[franky1]

You should keep in mind that bitcoin are created for the purpose of not having any intermediaries managing your assets. Each person's account is self-managed. If the BTC intervenes, it will no longer be the BTC's original goal. In terms of creating ATM cards, I don't think it is necessary at present because there are ATMs for buying / selling directly with Bitcoin.

its time some people stop looking at the 8year old philosophy and start looking at the reality.. starting with the arrogant and centralised push for 'lightning'

lightning network is where people need to deposit funds into an address that is DUAL MANAGED!!
meaning you have to link to a counter party and have them agree/say yes to a transaction you want to perform.

current tests/concepts have found that distributed 'spokes' do not work. and centralised 'hubs' are the only efficient way for the route functions.. this in non buzzworded terms is banks(the hubs) managing your transactions.. hense people shouting out that lightning is ultimately banking2.0

[bit-freedom]

If BTC build a head quarter bank, isn’t it defeating the purpose of being decentralised? I don’t think this will happen and if it happen, the county where BTC head quarter is located will be forcing its regulation on BTC.

[redhondaxrm125]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

Bloody hell. Sure hope this never happens. Because if it does, i sure ain't gonna stay with bitcoin anymore. No matter how much I love it. Because, for me, the way it is rifht now is the gravity that pulls me into it. And if this changes, I sure am gonna sell all my bitcoin possessions. Amd i think others will probably do the same also. And this will only result in massive price dips without recoveries. This may be something that finally ends the reign of bitcoin as the top cryoto currency in the crypto world. May even become as just a memory. Another story to tell to our frand children. Then soon forgotten.

[darkangel11]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

Bloody hell. Sure hope this never happens. Because if it does, i sure ain't gonna stay with bitcoin anymore. No matter how much I love it. Because, for me, the way it is rifht now is the gravity that pulls me into it. And if this changes, I sure am gonna sell all my bitcoin possessions. Amd i think others will probably do the same also. And this will only result in massive price dips without recoveries. This may be something that finally ends the reign of bitcoin as the top cryoto currency in the crypto world. May even become as just a memory. Another story to tell to our frand children. Then soon forgotten.

And some low ranked users are asking in the newbie section why it is that they are being looked from above by older members. The reason are threads and answers like this one. Have you put a thought into it or have you decided to write something to up your post count?
How can a currency build a bank? Banks are made by people not by money. Even if somebody decided to make a BTC bank it wouldn't mean that you have to use it. I'd  expect the idea to die of natural causes.

Come on Bitcoin! I need a house built. Stop thinking about setting up a bank and get to work on my yard!

[yinyangwinwang]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

Wont happen it cannot happen. If that happens, that day I will literally sell all of my bitcoins out of principal and of course because the price will take a massive tank. The nature of cryptos and bitcoin wont allow for this and I

think it would be silly if anybody actually attempted this.

[rausvi15]

The objective focused by bitcoin is to decentralized the currency so that people will earn good amount without tax. But if bitcoin headquarter is being made then many problems arises like
on which country headquarter will be made
which country centralized bitcoin
I thing no country take responsibility to centralized because it will be difficult for single country to control such widely separated currency.

[countryfree]

The Vinklevoss brothers are doing something like that. Coinbase and a few others others could probably do something similar. I guess it could be useful to convince some new people to invest in BTC. Of course, it would not be an official representation of BTC, but it would look like one to many people, and that would be enough.

[one_world]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

All the features you speak of exist in the crypto currency industry, why would we limit the industry to just one provider? Doing so stifles competition, which hurts consumers.

agreed. having a physical bank eliminates one of it's most attractive assets. That is, being a flat currency that exists only in the digital world.

[marianestan]

To share this content, please use the link http://www1.folha.uol.com.br/mercado/2017/09/1922103-bancos-do-brasil-testam-tecnologia-do-bitcoin-para-baratear- the-costs.shtml or the tools offered on the page. Texts, photos, arts and videos of Folha are protected by Brazilian copyright law. Do not reproduce the content of the newspaper in any media, electronic or printed, without permission of Folhapress (search@folhapress.com.br). The rules aim to protect the investment that Folha makes in the quality of its journalism. If you need to copy the text portion of the Leaf for private use, please log in as a subscriber or subscriber.

[Andre_Goldman]

we would end up like Crypto Babel Tower or European Parliament




time: 1508628356274331

[2fresh]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

All the features you speak of exist in the crypto currency industry, why would we limit the industry to just one provider? Doing so stifles competition, which hurts consumers.

agreed. having a physical bank eliminates one of it's most attractive assets. That is, being a flat currency that exists only in the digital world.

Not only that, but it would defeat the point of bitcoin's entire existence.

[Zubayer]

If bitcoin build a headquarter bank , it should lose its popularity. It is not a good thinking by bitcoin. Normally bitcoin haven't huge members. It not so popular as much as but bitcoin can do this. Without built any headquarter bitcoin should get its popularity in future.

[Baofeng]

If bitcoin build a headquarter bank , it should lose its popularity. It is not a good thinking by bitcoin. Normally bitcoin haven't huge members. It not so popular as much as but bitcoin can do this. Without built any headquarter bitcoin should get its popularity in future.

Having bitcoin is like having our own bank. So headquarters would be useless because bitcoin or bitcoin wallets don't have a name associated with it. So I doubt that members would like to registered to something like a headquarter. And having headquarters you have something to like to report to a higher authority. So it will all defeat the purpose and design of bitcoin. I guess most of us won't agree having headquarters.

[resty]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

that's possible, but like what they are speculating to make a primary using to entire country I think this is impossible, because of so many different kind of people in the world the unity you look forward to achieve is not possible.  But that is only alternative option to make of savings. Any way many ATM machine would be available especially in american country and Europe to make in cash of money. so I think very soon they build their own bank but the owner is I'm sure the one who support of bitcoin Mr. Bill Gates.

[aardvark15]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

Who would pay for a Bitcoin bank? There is no company that runs Bitcoin, just a Bitcoin foundation and development team. And no government would run that kind of bank. I think the only way this could happen is if a private company ran Bitcoin banks and charged customers fees for their services. In other words, it would be like the online exchanges except a physical building. It’s possible it could work but so much of cryptocurrency activity is done online it would only serve a small part of the population that was not computer literate. In some countries this might work better than in others.

[Brigalabdis]

Do you think that if we have headquarters it can good? I think they should try some bitcoin sites like headquarters. If something happen that will happen i think it can cause by demand of bitcoin because innocent people think on how the headquarter do works so they curious and it can effect by too much demand of bitcoin that can cause too much high of the value of it.

[jseverson]

What exactly will this entity be capable of? We know for sure they won't be able to issue Bitcoins because of its decentralized nature, and we know there's really only a small fraction of people who actually needs help in keeping and regulating their Bitcoins. The vast majority of users who know how to protect themselves will completely ignore it and its services. Also, what does a Bitcoin account card mean? Is it basically a paper wallet? Lol.

The only thing I can think of that would keep them from being a paper tiger is if they had the power to reverse transactions in cases of fraud and theft. This would be counterproductive though, as that feature is also likely to drive away more than a few users.

[hadveach]

I think it will not happen, because if bitcoin builds a bank and is centered then bitcoin will lose its character as a decentralized cryptocurrency.
one of the things that interested me to join in bitcoin is bitcoin not the same as fiat.

[Haynes]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

currently I think bitcoin is very good in its development. but if there is a bitcoin center bank building development and we have a bitcoin account card, it can help us make it easier to use bitcoin.

[ayuwick]

it's 30% may happen because bitcoin users are very much and maybe they need some ease in handling some of the problems they experience like their account is banned etc .. but because bitcoin is famous as digital cryptocurency it's very difficult to build bitcoin head office

[yojodojo21]

Regarding to the topic,
If bitcoin build a headquarter bank, then the identity of bitcoin will not be the same as it is right now.
It will surely be implemented of having tax of bitcoin into its respective place where the HQ is built.
We all know that nobody owns bitcoin, (correct me if I'm wrong).
Maybe it is possible that there will be a bank supported by bitcoin payments.

[Kprawn]

Bitcoin is decentralized and Banks are centralized. Bitcoin should never be centralized under one organization or a group of

people that are governed by a central authority. Central authorities can be bribed, corrupted and influenced by governments

or criminals. { A perfect example are most of the governments of this world } Bitcoin is supposed to be the opposite of

Banks. We have to learn from the mistakes of the past and Banks/centralized financial organizations are one of our worst

mistakes.  

[avikz]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

Building a central bitcoin bank means bitcoin being centralized so it is against the basic goal of bitcoin. Bitcoin has received immense popularity around the world because it is decentralized and paved the way for cross-border transactions with a minimum fees and without the consent from the regulatory agencies. So if it happens and if a central bitcoin bank starts regulating the bitcoin, the value will start decreasing slowly. Instead of creating a bitcoin bank, it will be good for bitcoin if the governments around the world start taxing on it and legalize the businesses build on bitcoin platform. That will be a very good move towards the main stream inclusion of bitcoin which will push its price to another level.

[Passive Coin]

Bitcoin is decentralized and Banks are centralized. Bitcoin should never be centralized under one organization or a group of people that are governed by a central authority. Central authorities can be bribed, corrupted and influenced by governments or criminals. { A perfect example are most of the governments of this world }
Bitcoin is supposed to be the opposite of Banks.
We have to learn from the mistakes of the past and Banks/centralized financial organizations are one of our worst
mistakes.  

Very true!
While any currency is in hands fo politicians and/or banksters, they start thinking how to cheat people and manipulating the value.
All this quantative easing, mean printing "empty" fiat is evidence of that.
Better no any central bank for Bitcoin. 21M supply and cannot print/manipulate. Great!

[dectcoin]

bitcoin should build a headquarther bank,because the significance of bitcoin should belong to everyone.
but not control by the Bankers

[n4poleon]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

It seems like you're the kind of person that doesn't think first before they speak. You obviously do not understand how bitcoin works and why it works. Building what you've just mentioned is kinda of an insult you moron. Kindly ask more sensible question.

[pixie85]

bitcoin should build a headquarther bank,because the significance of bitcoin should belong to everyone.
but not control by the Bankers

And what would be the role of that bank if every Bitcoin user can keep their coins safe without asking an institution to do it?
You have misunderstood the idea of a bank. It's not the central hub that spreads the knowledge about a currency. Banks are there to hold your money for you and Bitcoin doesn't need that. It was made so that there would be no more banks!

[Best Dreams]

Regarding to the topic,
If bitcoin build a headquarter bank, then the identity of bitcoin will not be the same as it is right now.
It will surely be implemented of having tax of bitcoin into its respective place where the HQ is built.
We all know that nobody owns bitcoin, (correct me if I'm wrong).
Maybe it is possible that there will be a bank supported by bitcoin payments.

Well as for as my opinion is concern so I think if bitcoin make headquarter bank so I think bitcoin can be increase with high price investors, traders and other people can be very high as well and it will be more easy for all investors to keep their bitcoins with them which will be more secure and I think that bank can also provide them some extra services like credit or debit cards.

[stepwilli]

Regarding to the topic,
If bitcoin build a headquarter bank, then the identity of bitcoin will not be the same as it is right now.
It will surely be implemented of having tax of bitcoin into its respective place where the HQ is built.
We all know that nobody owns bitcoin, (correct me if I'm wrong).
Maybe it is possible that there will be a bank supported by bitcoin payments.

Well as for as my opinion is concern so I think if bitcoin make headquarter bank so I think bitcoin can be increase with high price investors, traders and other people can be very high as well and it will be more easy for all investors to keep their bitcoins with them which will be more secure and I think that bank can also provide them some extra services like credit or debit cards.

May be it increase, when the bank works for the benefits of people, when it provides facilities to people. If Bitcoin headquarter bank draws hard terms and conditions for people so then, what will be the difference between current banks and bitcoin headquarter bank. People like bitcoin because it totally free of hard type terms and conditions.

I think bitcoin should be improved and bitcoin headquarter bank should be established if policies are not against the bitcoin holders. 

[notyours]

Bitcoins were developed to be decentralized and to have financial freedom. And if there is a bank for the Bitcoins of course they will know everything we do that we should only be aware of. So it has a big impact on the price of bitcoins that would not have happened

[Jose Mourinho]

I disagree with this idea, so bitcoin will be centralized rather than decentralized, this is because the bank headquarter will be able to control the full price, I prefer bitcoin like this, no one controls and is free to use.

[_noname_]

I disagree with this idea, so bitcoin will be centralized rather than decentralized, this is because the bank headquarter will be able to control the full price, I prefer bitcoin like this, no one controls and is free to use.

according to my opinion if there is build headquarter of bitcoin anywhere then i think the value of bitcoin will be not remain as such as now because it is decentralized thats why many people are interesting in it. if it become centralized then the rate of bitcoin will be control by their headquarter and then people will lose their interest in bitcoin.

[chichigirl]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

I am not in favor of this kind of idea. What i most like about bitcoin is nobody can control the price but when a bank will be manage the BTC it will be another thing.

[ekoice]

Bitcoin is a decentralized currrency.I think its higly impossible for any person or a group of people to form a bank for bitcoin.Already,there are exchanges for buying and selling bitcoins,wallets for storing bitcoins and other than this,i don't know what difference a bitcoin bank could make.

So,with our private keys secured,we ourselves act as bank by holding bitcoins in our wallet.So,bitcoin bank would not come in to reality.

[Shenzou]

You should keep in mind that bitcoin are created for the purpose of not having any intermediaries managing your assets. Each person's account is self-managed. If the BTC intervenes, it will no longer be the BTC's original goal. In terms of creating ATM cards, I don't think it is necessary at present because there are ATMs for buying / selling directly with Bitcoin.

I agree the whole purpose of using bitcoin is that you are your own bank and to be hold by the people, by making a headquarters or a bitcoin bank defies the soul purpose of bitcoin being decentrelized and having it string in one place is a pretty risky bussines, the bitcoin being spread it out all around the worl is what made it so successful to this very day and I don't believe banking it would make any use of its nature.

[InvisibilityFP]

headquarter bank is so bad idea, bitcoin will under control
bank will control bitcoin than control as a users, i dont thrust bank system

[Zenithar]

Regarding to the topic,
If bitcoin build a headquarter bank, then the identity of bitcoin will not be the same as it is right now.
It will surely be implemented of having tax of bitcoin into its respective place where the HQ is built.
We all know that nobody owns bitcoin, (correct me if I'm wrong).
Maybe it is possible that there will be a bank supported by bitcoin payments.

Well as for as my opinion is concern so I think if bitcoin make headquarter bank so I think bitcoin can be increase with high price investors, traders and other people can be very high as well and it will be more easy for all investors to keep their bitcoins with them which will be more secure and I think that bank can also provide them some extra services like credit or debit cards.

As bitcoin is a decentralized currency therefore i do not think that such an attempt may be in favour of bitcoin. Bitcoin is the best crypto currency of the world because of decentralization property. If it will become centralize then i do not think that it will continue its present status in a good way. I think it is too much important for bitcoin to continue as decentralized and anonymous currency.

[Yuhee]

Regarding to the topic,
If bitcoin build a headquarter bank, then the identity of bitcoin will not be the same as it is right now.
It will surely be implemented of having tax of bitcoin into its respective place where the HQ is built.
We all know that nobody owns bitcoin, (correct me if I'm wrong).
Maybe it is possible that there will be a bank supported by bitcoin payments.

Well as for as my opinion is concern so I think if bitcoin make headquarter bank so I think bitcoin can be increase with high price investors, traders and other people can be very high as well and it will be more easy for all investors to keep their bitcoins with them which will be more secure and I think that bank can also provide them some extra services like credit or debit cards.

As bitcoin is a decentralized currency therefore i do not think that such an attempt may be in favour of bitcoin. Bitcoin is the best crypto currency of the world because of decentralization property. If it will become centralize then i do not think that it will continue its present status in a good way. I think it is too much important for bitcoin to continue as decentralized and anonymous currency.

Yap and it is very hard to store it in one place. Seeing as most has anonymity, it is also hard to track down who ever has the bitcoin. It kind of defeats the purpose if they will become a bank. I kind agree with how it has gotten today, without interventions of any government entities. Because once it is in the grasp of government many transactions would be deemed illegal and a lot of services would be apprehended.

[Bakemat]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

Then it was a good idea many people will believe more in Bitcoin because they can guarantee now a bank for bitcoin. Some people does not believe and trust Bitcoin because they can not guarantee the money they invest and save that it will not going to scam by others or will become wasted. So i a bright idea if they do that build a headquarter bank. It also bring a much more good reputation on Bitcoin community. Lets wish that it will happen.

[erickkyut]

Then it was a good idea many people will believe more in Bitcoin because they can guarantee now a bank for bitcoin. Some people does not believe and trust Bitcoin because they can not guarantee the money they invest and save that it will not going to scam by others or will become wasted. So i a bright idea if they do that build a headquarter bank. It also bring a much more good reputation on Bitcoin community. Lets wish that it will happen.

I doubt it! Many people believe and patronize Bitcoin now because of its unique characteritics and one of it is being decentralized. If there will be a headquarter bank, it needs to be regulated which contradicts the characteristics of Bitcoin. Also, the government will now have a reason to tax Bitcoin users.

[chip211]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

If this happens it will be a good news for all investors. I always look for such a bank in my country but I think it will not.

[CryptotradeGMO]

if Bitcoin do that i believe it will lose its value slowly,
many people used it due to 'freedom in their financial' and something like that.
what will happen if they do that ? of course it will lose its charateristic and absolutely sure its demand will be decreased a lot.
but it will not happen,at least right now i never hear about something like that.
and i hope they will not doing something like that,because it'll ruin our cryptoland.
why would they choose Bitcoin if they can use their own Fiat to do that ? it's not a new thing.

yes exact what i say

[gyu22]

It is against the essence of bitcoin to build a physical and central bank. The result will be a currency like any other fiat currency. Maybe some people will use that bank, but I don't think they will be the same people who use current bitcoin and wants decentralization, a store of value, freedom, peer-to-peer financial relationships, etc.
Governments are concerned about the grow of bitcoin use and try to make crypto currencies and, obviously, tax customers. Thus we might see central banks of an hybrid of crypto and fiat currencies, but users of bitcoin as it is currently developed will not be the customers of these kind of banks.

[salihno71]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

I don't really see the purpose of such bank. The point of the whole thing is to be decentralized and this idea defies exactly this point. Only relation between the bank and bitcoin that makes sense (at least in this moment) is if the bank would enable you to directly change your crypto to fiat and vice versa - basically to act as a exchange.

[HarleyQuinn9876]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

I do not think this is a good thing. Everybody uses bitcoin because of its usability. No one knows how many bitcoins you have. If you have a bitcoin bank, your income will surely be controlled. bitcoin will lose the convenience.

[audrey12]

If a bank for bitcoin will be opened the control over bitcoin and crypto currencies will be established I'm sure the government will take the step on having this kind of headquarter this will only means that they will established a world bank since bitcoin is consider to be a global currency. People will lose their privacy with regards to bitcoin ownership so I think this will have a negative effect.

[Portia12]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

if bitcoin do that kind idea bitcoin become more popular to all people who dont believe. when time comes lot all investor will contribute to make bitcoin our 1st currency all over the world. it also helps all people to work with bitcoin and lot of company will make more ico.

[MostHigh]

what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

It will totally defeat the purpose us a decentralized coin

[mark laurence tanig]

If something happen that will happen i think it can cause by demand of bitcoin because innocent people think on how the headquarter do works so they curious and it can effect by too much demand of bitcoin that can cause too much high of the value of it.

[whitemacna]

Surely there will be regulations that suppress the existence of this bitcoin. Many other dal taxes. Bitcoin would become centralized, fiat currency. We could call it the Dollar? The bitcoin's goal will be futile if they will come to an agreement to held a central bank for the bitcoin as some people will try to manipulate and manage it losing the interest and investment of the people who love its potential and good traits.