aagreement81tw (OP)
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0dickshouse0
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March 21, 2014, 04:42:34 PM |
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I mean the bank giving out some interest or making some loans.
Is there only wallet in BTC world?
If so, one more question...WHY?
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Shogen
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Activity: 966
Merit: 1001
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March 21, 2014, 05:02:45 PM |
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I mean the bank giving out some interest or making some loans.
Is there only wallet in BTC world?
If so, one more question...WHY?
You can lend or borrow bitcoin here. https://bitcointalk.org/index.php?board=65.0Or, there are some other sites like BTCjam that allows you to do so. |
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mprep
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In a world of peaches, don't ask for apple sauce
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March 21, 2014, 05:15:48 PM |
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There used to be but it crashed down. The Lending subforum is your best bet.
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byt411
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March 21, 2014, 06:41:01 PM |
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There used to be one named FlexCoin, but it got hacked.
A bank isn't really needed... You would be better off keeping your wallets with your bitcoins to yourself anyway.
Banks that hold a large amount of bitcoins would be more likely to be targeted and hacked.
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techgeek
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March 21, 2014, 09:34:18 PM |
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I wouldnt get into that, majority are scams.
I mean think about it for a second, whats the collateral? for lending, its just acting like a actual bank, when the user cant pay up, then what?
And thats even finding "trust worthy users".
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byt411
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March 21, 2014, 11:29:10 PM |
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I wouldnt get into that, majority are scams.
I mean think about it for a second, whats the collateral? for lending, its just acting like a actual bank, when the user cant pay up, then what?
And thats even finding "trust worthy users".
Thats why everyone that lends money here asks for altcoin collateral or others, or proper collateral. Thats why BTCJam is just rubbish. |
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bridgesro
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Activity: 84
Merit: 10
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March 22, 2014, 02:30:58 AM |
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I mean the bank giving out some interest or making some loans.
Is there only wallet in BTC world?
If so, one more question...WHY?
I think it's more appropriate to ask "why a bank?" When it comes to Bitcoin, what extra services or security could a bank offer that is not an inherent part of Bitcoin itself? |
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manoamano
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March 22, 2014, 02:42:38 PM |
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The whole point of btc is to avoid banks.
Of course there is NOT any btc bank.
...
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apsvinet
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March 22, 2014, 05:57:56 PM |
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Lending people your btc is the best way to lose it. Might as well send it all to a ponzi. -_-
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byt411
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March 22, 2014, 06:12:59 PM |
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Lending people your btc is the best way to lose it. Might as well send it all to a ponzi. -_-
Sir, may I point out that you are highly incorrect there? Sending to a ponzi is stupid. You send it to scammers. You might as well send it to me. |
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E.exchanger
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March 22, 2014, 06:51:42 PM |
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I think there is a bank related to btc which pays off interest just google it i can't remember the name clearly but i have read about it somewhere its sand(something).com just google it !!
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crazynoggin
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March 22, 2014, 07:18:12 PM |
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Be very careful about scams, there are sites that let you invest in them or other things, but I suggest you avoid that because you are either likely to be scammed or make so little on your investment it wont be worth your time. Plus, holding your own money in something like a cold wallet you own is the best way to avoid loosing your money to anything like scammers and hackers. Also, if something sounds too good to be true, it is too good to be true and either someone else is getting screwed (pyramid schemes) and/or you will get screwed.
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tkbx
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March 22, 2014, 08:37:57 PM |
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As others have said, the lending subforum is your best bet.
There was a Bitcoin site that let you lend them money for a certain amount of time for a little bit of interest (more like a CD than a bank account), but I doubt they're still online. I would be cautious giving out money to anyone if you want to get it back, unless they can provide collateral worth more than the BTC you're giving out.
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apsvinet
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March 22, 2014, 11:32:26 PM |
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As others have said, the lending subforum is your best bet.
There was a Bitcoin site that let you lend them money for a certain amount of time for a little bit of interest (more like a CD than a bank account), but I doubt they're still online. I would be cautious giving out money to anyone if you want to get it back, unless they can provide collateral worth more than the BTC you're giving out.
Collateral is the keyword here. No lending without insurance of getting your money's worth back! |
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Gator-hex
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March 23, 2014, 01:15:48 AM |
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The whole point of btc is to avoid banks.
Of course there is NOT any btc bank.
...
+1 The main idea of Bitcoin is to avoid 3rd party trust issues. Your Bitcoins should appreciate in value without the need for interest to keep up with inflation. (well that's the theory) |
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cp1
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March 23, 2014, 02:08:14 AM |
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You have like an 80% chance of getting scammed, so you'd need to charge about 500% interest to come out ahead.
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softron
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March 23, 2014, 09:39:21 AM |
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I think there is a novacoin bank.tough i dont know about its credibility.
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manoamano
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March 23, 2014, 10:30:13 AM |
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I think there is a novacoin bank.tough i dont know about its credibility.
It is against the idea of altcoins. |
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apsvinet
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March 23, 2014, 11:11:58 AM |
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I'm sure there are some "banks" around. You basically send all your money and they falsely promise interest on that money, and you'll never be able to withdraw it again. No, this is not the point of bitcoins, be your own bank.  |
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lemier
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Activity: 68
Merit: 10
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March 23, 2014, 04:17:27 PM |
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If there used to be a BTC bank and crashed down why there is no one more bank?
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