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Jicokh79
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March 13, 2018, 09:35:45 AM
 #61

The banking system is government, but most governments do not really accept bitcoin until now, so it's hard to build a bitcoin bank. We're keeping bitcoin on our wallets, now. Why do we need a bank? No transaction fees on all transactions no better?
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March 13, 2018, 10:21:20 AM
 #62

Bitcoin bank is not needed at all. The cryptocurrency was created just to become independent of the banking system. So creating such a bank is contrary to the idea of cryptocurrency.

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March 13, 2018, 10:27:00 AM
 #63

This is good for those newbies who are skeptic about investing in bitcoin. And if they will verify that there are existing bitcoin banks, it will lessen their worries that bitcoin is something that they shouldn't invest. I'm not sure if this is happening somewhere although it's not that new. As far as I remember, there are commercial banks that are already working with these functions.

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March 13, 2018, 10:53:29 AM
 #64

Banks and crypto doesnt have good terms. Thats what most of us think. Would it be better if there would be this kind of “bitcoin bank” where has the same function of bank but all transactions would be based on crypto ? For example
*you can buy or sell cryptocurrency legally ( because central bank approves this if ever)
*you can have this kind of secured crypto savings account who doesnt get hacked
*you can loan crypto for initial capital investment for trading and others
*you can send crypto to someones account limitless without fees.

Is this even possible? What would be the effect if the government impost this?

There are some ways to combine both under one roof - Bitcoin and Banks.

Check my signature and the project - Datarius. Read there WP and you will see that we still need a bank, or kind of.

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March 15, 2018, 05:48:32 AM
 #65

I think this is the best thing that would happen because its more easy to transact and even payments of bill will be done and i think you can save your bitcoin fearing not be hacked and always secured so looking forward to this project.

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March 15, 2018, 07:10:57 AM
 #66

Well i think its on the future though, take note that there is still some counties that haven't yet implemented bitcoin. Its still illegal on some countries so i think its better to be legalize it first.

But on the other hand, if we have bitcoin bank surely and positevely it can help us mostly us users of bitcoin. It would bs a lot easier than we thought.

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March 15, 2018, 07:28:57 AM
 #67

I think the bank bitcoin very was good, because it’s going to help the user bitcoin, and as the bank in common her if they alan gave replacement if there is lost bitcoin then the existence of the bank bitcoin is helping to save and secure bitcoin
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March 21, 2018, 03:03:07 AM
 #68

Bitcoin is intended to replace banks and with a simple wallet you can send and receive money without the need to a third party like banks.
The concept of Bitcoin and the Blockchain is completely against banks rules and it will be hard for them to legalize it.
Some cryptos are trying to make partnerships with banks like Ripple but I don't think it will work.

It won't work, and then banks and governments will try to create their own cryptocurrencies it is not going to be difficult since we already did all the job for them, but no one is going to use those currencies, the average person is not going to use it because they can use their cash and credit cards, and we're not going to use those coins as we know it's a trap.
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March 21, 2018, 03:33:15 AM
 #69

I think this is a good idea, but it is very risk for competitors from other banks in their respective countries. if bitcoin has its own bank, I think a lot of competitors are jealous and want to drop. but it all depends on the consumer to see the product, surely all have advantages and that should be priority consumers for your savings. may be a lot of enthusiasts if bitcoins have a bank, in terms of transaction sophistication and bitcoin security is superior to other banking systems. the problem is that every government regulation is certain to agree and disagree with this bitcoin system. of course they will apply taxes on each of our transactions through bitcoin. although this is just an opinion, I personally still support bitcoin, and hopefully bitcoin becomes the motivation for the country in overcoming the transaction system to be even better.

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March 21, 2018, 03:49:33 AM
 #70

Banks and crypto doesnt have good terms. Thats what most of us think. Would it be better if there would be this kind of “bitcoin bank” where has the same function of bank but all transactions would be based on crypto ? For example
*you can buy or sell cryptocurrency legally ( because central bank approves this if ever)
*you can have this kind of secured crypto savings account who doesnt get hacked
*you can loan crypto for initial capital investment for trading and others
*you can send crypto to someones account limitless without fees.

Is this even possible? What would be the effect if the government impost this?

Norway's largest online bank has launched a bank account and a BTC account networking service, as well as a gesture by the Norwegian bank to actively embrace and embrace innovations in financial technology.

This may be the beginning of a trend in which BTC is integrated in more areas and financial technology trends to provide innovative services to customers, although these services may not be very lucrative.
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March 22, 2018, 02:03:53 PM
 #71

Banks and crypto doesnt have good terms. Thats what most of us think. Would it be better if there would be this kind of “bitcoin bank” where has the same function of bank but all transactions would be based on crypto ? For example
*you can buy or sell cryptocurrency legally ( because central bank approves this if ever)
*you can have this kind of secured crypto savings account who doesnt get hacked
*you can loan crypto for initial capital investment for trading and others
*you can send crypto to someones account limitless without fees.

Is this even possible? What would be the effect if the government impost this?

if bitcoin bank is posible. will be make me confident have bitcoin investment.
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March 22, 2018, 02:53:21 PM
 #72

Banks and crypto doesnt have good terms. Thats what most of us think. Would it be better if there would be this kind of “bitcoin bank” where has the same function of bank but all transactions would be based on crypto ? For example
*you can buy or sell cryptocurrency legally ( because central bank approves this if ever)
*you can have this kind of secured crypto savings account who doesnt get hacked
*you can loan crypto for initial capital investment for trading and others
*you can send crypto to someones account limitless without fees.

Is this even possible? What would be the effect if the government impost this?

Norway's largest online bank has launched a bank account and a BTC account networking service, as well as a gesture by the Norwegian bank to actively embrace and embrace innovations in financial technology.

This may be the beginning of a trend in which BTC is integrated in more areas and financial technology trends to provide innovative services to customers, although these services may not be very lucrative.
The Nordic countries are not an indicator. They have many advantages over all countries of the world, but this has not led to the fact that most countries are implementing their experience. Such banks restrict the use of their accounts only to citizens of their country. How can this affect the whole world? The ability to open an account with this Bank to any citizen of the world could be a revolution. But it won't.
malikusama
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March 22, 2018, 03:16:41 PM
 #73

Destroy the whole blockchain and start using fiat if you need the banking system in cryptos.

*you can buy or sell cryptocurrency legally ( because central bank approves this if ever)
We have regulation to make crypto legal.

*you can have this kind of secured crypto savings account who doesnt get hacked
Decentralized wallets and personal hardware wallets are much more safer than anyother way to keep cryptos.

*you can send crypto to someones account limitless without fees.
Simply impossible to implement a "limitless without fees" system.

*you can loan crypto for initial capital investment for trading and others
This is the only feature i find interesting.

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March 22, 2018, 03:43:05 PM
 #74

Banks and crypto doesnt have good terms. Thats what most of us think. Would it be better if there would be this kind of “bitcoin bank” where has the same function of bank but all transactions would be based on crypto ? For example
*you can buy or sell cryptocurrency legally ( because central bank approves this if ever)
*you can have this kind of secured crypto savings account who doesnt get hacked
*you can loan crypto for initial capital investment for trading and others
*you can send crypto to someones account limitless without fees.

Is this even possible? What would be the effect if the government impost this?

There is no need of any such institution called 'BANKS' to perform any of functions. we already have secure crypto wallet address which serves the function of a saving account. Now many new ICO's has come up with their decentralized loan services. Coins like NEO etc do not charge any transaction fees.
All just need is to make it legal. Rest all the infrastructure is ready.

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jatin729
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March 22, 2018, 03:48:56 PM
 #75

Banks and crypto doesnt have good terms. Thats what most of us think. Would it be better if there would be this kind of “bitcoin bank” where has the same function of bank but all transactions would be based on crypto ? For example
*you can buy or sell cryptocurrency legally ( because central bank approves this if ever)
*you can have this kind of secured crypto savings account who doesnt get hacked
*you can loan crypto for initial capital investment for trading and others
*you can send crypto to someones account limitless without fees.

Is this even possible? What would be the effect if the government impost this?
Bitcoin bank sounds like interesting but Govt. will never legalize it because decentralize in nature, an one thing more if bitcoin bank had happened than what would have happened after 21 millions bitcoin, how banks can create liquidity in the market. It is no where possible to create bitcoins after 21 millions.

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March 24, 2018, 08:16:11 AM
 #76

Banks and crypto doesnt have good terms. Thats what most of us think. Would it be better if there would be this kind of “bitcoin bank” where has the same function of bank but all transactions would be based on crypto ? For example
*you can buy or sell cryptocurrency legally ( because central bank approves this if ever)
*you can have this kind of secured crypto savings account who doesnt get hacked
*you can loan crypto for initial capital investment for trading and others
*you can send crypto to someones account limitless without fees.

Is this even possible? What would be the effect if the government impost this?
Bitcoin bank sounds like interesting but Govt. will never legalize it because decentralize in nature, an one thing more if bitcoin bank had happened than what would have happened after 21 millions bitcoin, how banks can create liquidity in the market. It is no where possible to create bitcoins after 21 millions.

Even if this would happen, define there will be a problem, not one but so many others as well. The most important and sensitive would be that of liquidity of bitcoins among the whole nation. Like if some country have good relations with bitcoins and they somehow agreed on bitcoins banks. Then how can even they cope the need of all their citizens and I am sure they will be more than 21 million.

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March 24, 2018, 08:21:20 AM
 #77

Such a banking system haven't got existed till date. It's very long, some banking network such as the nova Scotia has started functioning completely on bitcoin. But, in terms of transaction and for other necessity there is no banks. Hope this will change in this year with more firms adopting blockchain technology as well cryptocurrency.

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March 24, 2018, 09:41:39 AM
 #78

The situation we are in now is better than others. We are already sending our Bitcoin without ''Bank''. If there are Banks, governments enter into this business, we don't want this kind of regulation. Because people use Bitcoin for freedom, less fee and privacy, and for this reason, if governments and banks enters cryptos, there will not be any freedom or privacy.


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March 24, 2018, 10:14:27 AM
 #79

You have given a very good idea, I agree with you. The government can take steps to prevent fraud against fraudulent crypts. The central bank is offline bank & crypt currency is the online bank.
Quote
I don’t need a Bitcoin bank, all I need is my wallet and I believe most people in this forum needs the same
Yes we need wallet, but the day-to-day crypt is affecting the government's decision. Crypt off transactions without some countries. But PayPal Maximum is ruling the country.

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March 27, 2018, 02:18:03 AM
 #80

Banks and crypto doesnt have good terms. Thats what most of us think. Would it be better if there would be this kind of “bitcoin bank” where has the same function of bank but all transactions would be based on crypto ? For example
*you can buy or sell cryptocurrency legally ( because central bank approves this if ever)
*you can have this kind of secured crypto savings account who doesnt get hacked
*you can loan crypto for initial capital investment for trading and others
*you can send crypto to someones account limitless without fees.

Is this even possible? What would be the effect if the government impost this?

Norway's largest online bank has launched a bank account and a BTC account networking service, as well as a gesture by the Norwegian bank to actively embrace and embrace innovations in financial technology.

This may be the beginning of a trend in which BTC is integrated in more areas and financial technology trends to provide innovative services to customers, although these services may not be very lucrative.
Everyone has their own opinion but I do not really care about bitcoin been integrated in more areas of the financial world what I want is for bitcoin to be accepted directly without having to exchange it for fiat and when that finally happens I will not care anymore about the regulations that governments pass about know your customer policies and similar things like that.
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