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Author Topic: Bitcoin bank?  (Read 4992 times)
redsn0w
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February 13, 2015, 08:00:10 PM
 #41

Your wallet is your bank , Be the bank of yourself . You have the control of all your money , you don't need a bank. I think you didn't understand what is the sense of bitcoin....


No, a wallet is a wallet. A bank offers services, i.e. loans, interest etc. People against the concept of banks are fools

Concept of Banks in nowday economy IS wrong, but we do not get anything better.
Idea of Banks alone is great, and it improve our lives,but concept of virtual money, and continual cycle of debt is wrong.

At the moment iam studying conept of creditunion, what could be something with some advantages of Banking system (loans, security, interest, full control of account) but it didnt messing around with large amount of imaginary money in system.

Feel free to suggest any more ideas to topic of Bitcoin Bank by PM, i will love to discuss it further.

You don't need to trust a third part for "store your coin" you have this free wallet and you use it for save your own bitcoin. The bitcoin bank will "destroy" the concept of free & decentralized "coin". Bitcoin is "out" from this actual economy system.



Ps: sorry if I seemed arrogant.
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h0lybyte
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February 13, 2015, 08:37:28 PM
 #42

Isnt Coinbase basically a digital bank for the most part? The only thing missing is them offering loans / mortgages BUT bitcoins themselves are their product.
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February 13, 2015, 09:06:44 PM
 #43

Your wallet is your bank , Be the bank of yourself . You have the control of all your money , you don't need a bank. I think you didn't understand what is the sense of bitcoin....


No, a wallet is a wallet. A bank offers services, i.e. loans, interest etc. People against the concept of banks are fools

Concept of Banks in nowday economy IS wrong, but we do not get anything better.
Idea of Banks alone is great, and it improve our lives,but concept of virtual money, and continual cycle of debt is wrong.

At the moment iam studying conept of creditunion, what could be something with some advantages of Banking system (loans, security, interest, full control of account) but it didnt messing around with large amount of imaginary money in system.

Feel free to suggest any more ideas to topic of Bitcoin Bank by PM, i will love to discuss it further.

You don't need to trust a third part for "store your coin" you have this free wallet and you use it for save your own bitcoin. The bitcoin bank will "destroy" the concept of free & decentralized "coin". Bitcoin is "out" from this actual economy system.



Ps: sorry if I seemed arrogant.

I dont find it arrogant, just i think there should be alternative to wallets as not everybdy is as IT literate as we are.
I belive that BTC concept of free and decentralised coin could be changed hardly, as there is no central bank, or control over its value as we saw in last 2 years. Just pure market driven.
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February 13, 2015, 11:14:46 PM
 #44

Is there any place in market for concept of Bitcoin bank?

Benefits of secured value combined with anonymity and speed of bitcoin network.

Any suggestions or opinions?

Some tried and it failed.

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February 14, 2015, 06:03:23 PM
 #45

Is there any place in market for concept of Bitcoin bank?

Benefits of secured value combined with anonymity and speed of bitcoin network.

Any suggestions or opinions?

Some tried and it failed.

maybe wrong way of doing it.
najzenmajsen
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February 14, 2015, 11:01:54 PM
 #46

people in here doesnt seem to realise that banks are needed for loans , or are all of you born rich? sure , your bitcoin wallet is your own " bank " but the banks only purpose isent making sure your money safe , they lend money to.
mammusu
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February 15, 2015, 02:30:11 AM
 #47

good idea, we need for that
for store bitcoin in the bank.
Cicero69
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February 18, 2015, 10:00:33 AM
 #48

Perhaps a Bitcoin bank is a little bit unnecessary, but an electronic fiat bank like Paypal is always a good idea.
We need more competition for Paypal, since their fees are just too high.
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February 19, 2015, 06:43:28 PM
 #49

an USB bank?

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Kim Dotnet
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February 20, 2015, 12:35:58 AM
 #50

why you need a bank of bitcoin when you can control your money yourself?
infovortice2013
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February 20, 2015, 12:52:50 AM
 #51

sure you can use BitShares exchange and bank of bitassets, https://www.bitshares.org/

the method is easy you change btc fot BTS in www.poloniex.com and later buy BitBtc inside the wallet, your bitcoins pass to be BitBtc(asset) backed by 300% warranty in BTS, you always can change back to your bitcoins without loose money and you will take a yield (%variable of bonus for bagholding)

https://bitsharestalk.org/index.php?PHPSESSID=e7608a67d43454c7ef0ac643f1fdc59a&
picolo
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February 20, 2015, 09:37:39 AM
 #52

why you need a bank of bitcoin when you can control your money yourself?

because you don't always want to "control your money yourself".

 

You may want to have some services easily available.

redsn0w
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#Free market


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February 20, 2015, 10:00:32 AM
 #53

why you need a bank of bitcoin when you can control your money yourself?

because you don't always want to "control your money yourself".

 

You may want to have some services easily available.

Maybe if that "bank" will use a multiSig wallet, it would be possible to create a sort of bank but only with a multiSig function. However I don't think that now a bank is a primary important  we need other service (like pay in fiat -> btc , pay the bills with bitcoin directly, etc...)
TetraHect0rCannabinol
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February 20, 2015, 02:01:40 PM
 #54

tbh im surprised bitcoin doesent already have some sort of wonga like businesses already.

*Grabs a bottle of Whiskey* - Its official, Im crazyer than crazy, I Am Hect0r Baby Cheesy
picolo
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February 20, 2015, 04:02:40 PM
 #55

why you need a bank of bitcoin when you can control your money yourself?

because you don't always want to "control your money yourself".

 

You may want to have some services easily available.

Maybe if that "bank" will use a multiSig wallet, it would be possible to create a sort of bank but only with a multiSig function. However I don't think that now a bank is a primary important  we need other service (like pay in fiat -> btc , pay the bills with bitcoin directly, etc...)

You can pay with bitcoin directly if the company that is issuying the bill is accepting bitcoins.

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