Bitcoin Forum
November 24, 2017, 09:32:18 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: [2014-05-01] The World's First Bitcoin Bank Will Open This Summer  (Read 3990 times)
BillieGin
Jr. Member
*
Offline Offline

Activity: 57


View Profile
May 08, 2014, 05:37:55 AM
 #21

And what about the bank I don't like it.

Looks like if xbt/euro goes up, neobee makes money and customers are happy.

If xbt/euro goes down, neobee can't pay customers, there's a run on the bank, and bitcoin gets a bad reputation.

There is no currency hedging strategy other than "we can't talk about the hedging, it's proprietary."

I can't see how this could end well, other than they get lucky and btc/euro does what they want.
1511515938
Hero Member
*
Offline Offline

Posts: 1511515938

View Profile Personal Message (Offline)

Ignore
1511515938
Reply with quote  #2

1511515938
Report to moderator
1511515938
Hero Member
*
Offline Offline

Posts: 1511515938

View Profile Personal Message (Offline)

Ignore
1511515938
Reply with quote  #2

1511515938
Report to moderator
1511515938
Hero Member
*
Offline Offline

Posts: 1511515938

View Profile Personal Message (Offline)

Ignore
1511515938
Reply with quote  #2

1511515938
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
medUSA
Legendary
*
Offline Offline

Activity: 952


--Signature Designs-- http://bit.ly/1Pjbx77


View Profile WWW
May 08, 2014, 05:53:15 AM
 #22

It will not a be a "bank", it will only be a machine to buy and sell bitcoin in local currency, a front for an exchange with a high fee. It will never be a bank until it does lending, off chain micro transactions, or bitcoin credit cards. It is only calling itself a "bank" to sound like we need it.
hilariousandco
^^
Global Moderator
Legendary
*
Online Online

Activity: 1484


How does one bitcoin?


View Profile WWW
May 08, 2014, 06:43:34 AM
 #23

It will not a be a "bank", it will only be a machine to buy and sell bitcoin in local currency, a front for an exchange with a high fee. It will never be a bank until it does lending, off chain micro transactions, or bitcoin credit cards. It is only calling itself a "bank" to sound like we need it.

Yeah, I wish people would actually read that article, but I guess that headline is pretty sensationalist. Maybe Company Rebrands ATMs would be more apt  Cheesy.

Robin_Good
Member
**
Offline Offline

Activity: 61


View Profile
May 09, 2014, 05:09:42 AM
 #24

Quote
Kelley said his company has not yet figured out a revenue stream for its bank, and will instead "fine-tune" that detail as the business grows.

IMO, I would have found out a revenue stream in the first place to ensure  the investment attractiveness of my 'project'
bryant.coleman
Legendary
*
Offline Offline

Activity: 1624



View Profile
May 09, 2014, 05:35:01 AM
 #25

Maybe Company Rebrands ATMs would be more apt  Cheesy.

Agreed. They are just offering a fiat-to-Bitcoin and Bticoin-to-fiat exchange service. That is all. Unlike the regular banks, they are not offering any bonds, fixed-deposit schemes, loans.etc.

         ▄███████████████▄
       ▄██▀             ▀██▄
    ▄▄██▀                 ▀██▄▄
█████▀▀       ▄▀▀▀▀▀▀▀▄▄    ▀▀█████
██          ▄▀ ▄▄▄▀▀▀▀▄▀█▄▄      ██
▐█▌       ▄▀ ▄▀ ▄▄▄▀▀▀▄▀▀▀███   ▐█▌
 ██      ▄▀▄▀▄▀▀▄▄▄▀▀▀▀▀█ ▄█▀   ██
 ▐█▌    █▄▀▄▀▄█▀▀▀ ▀█▀ ▄▀▄▀█   ▐█▌
  ██    █▄▀▄▀▄▄█▀ ▄▀ ▄▀▄▀▄▀█   ██
  ▐█▌ ▀▄█████▀▄▄▀▀▄▄▀▄▀▄▀▄▀█  ▐█▌
   ██▌▀████▀██▄▄▀▀▄▄▀▄▀▄▀▄█▀ ▐██
    ██▌▀█▀▀█▄▀▀▄▀▀▄▄▀▄█▄▄█▀ ▐██
     ██▌ ▀  ▀███▄▄▄█████▀  ▐██
      ██▄      ▀▀▀▀▀      ▄██
       ▀██▄             ▄██▀
         ▀██▄         ▄██▀
           ▀██▄     ▄██▀
             ▀███▄███▀
               ▀███▀
.DeepOnion.
★ ★ ★ ★ ★  .❱❱❱ JOIN AIRDROP NOW!.
TOR INTEGRATED & SECURED
★  Your Anonymity Guaranteed
★  Your Assets Secured by TOR
★  Guard Your Privacy!
|Bitcointalk
Reddit
Telegram
|                        ▄▄▀▄▄▀▄▄▀▄▀▀
                    ▄▄██▀█▀▄▀▀▀
                  ▄██▄█▄██▀
                ▄██████▀
              ▄██████▀
  ▄█▄▄▄▄▄▄▄▄▄██████▀
██████▀▀▀▀▀██████▀
 ▀█████  ▄███████
  ████████████▀██
  ██▀███████▀  ██
  ██ ▀████▀    ██
  ██   ▀▀      ██
  ▀█████████████▀
Captain America
Newbie
*
Offline Offline

Activity: 25


View Profile
May 13, 2014, 06:38:45 PM
 #26

Maybe Company Rebrands ATMs would be more apt  Cheesy.

Agreed. They are just offering a fiat-to-Bitcoin and Bticoin-to-fiat exchange service. That is all. Unlike the regular banks, they are not offering any bonds, fixed-deposit schemes, loans.etc.

I would offered to change the name of a "bank" to something else
tianrui81317
Member
**
Offline Offline

Activity: 117


View Profile
May 13, 2014, 11:38:17 PM
 #27

neo New&bee? just a joke.
muxxxamed
Newbie
*
Offline Offline

Activity: 14

Only bitcoin and fusion power save Mother-Russia.


View Profile WWW
May 14, 2014, 09:17:50 AM
 #28

Is it Win or Fail. As I understand the idea of bitcoin is to made banks unusefull? nor becoming the bank itself. 

Free btc! (http://freebitco.in/?r=458046)
hilariousandco
^^
Global Moderator
Legendary
*
Online Online

Activity: 1484


How does one bitcoin?


View Profile WWW
May 14, 2014, 09:26:50 AM
 #29

Is it Win or Fail. As I understand the idea of bitcoin is to made banks unusefull? nor becoming the bank itself. 

Read the article or the above comments. It's not actually a bank at all. They're just confusingly calling their ATM machines 'banks'.

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!