What happen if bitcoin build a headquarter bank

[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]

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[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