Topic: - page 18. (Read 142326 times)
Bitcoin bank means centralized organization. I never trust keep my money in other place include small bank in my country. It will be worst idea to make bitcoin as centralized service. But who knows maybe I am wrong...
That's not true, just think of it like you are keeping your bitcoin on a exchange, your bitcoin stays on just one address, and only moves when you are moving it to other address by means of paying or any reason why you want to transfer it.
In my opinion it will only become centralized when the bank who keep your bitcoin is utilizing your coins and earning from it and they are the one who are in control of your address and just giving you access on it.
Yes i love bitcoin bank in the future at least it will boost up the popularity of btc and insurance to all our btc holdings. This will also lift up the value of btc because it will drive the curiosity of the mass of what is btc all about. And if somebody will help them elaborate whats the good thing of btc then in realization bitcoin holders are keep enjoying the good fortune bring in.
actually it's good if there is a bitcoin bank, but there only in particular to store our wallet hardware, which we use as a savings for Bitcoin ..
That is good way to store bitcoins. Bitcoin bank will be so useful for us but for that firstly I think the governments have to take some steps of being unauthorized to it. Bitcoins banks should only save the wallets not bitcoins directly because if it so, then there will be no difference in fiat and bitcoin later on.actually it's good if there is a bitcoin bank, but there only in particular to store our wallet hardware, which we use as a savings for Bitcoin ..
Banks are not good take that out of your mind, they get profits by doing nothing, the service they give is no longer necessary, besides they have abused their position of power so much that it is impossible we can trust in them, that is why bitcoin is so great because it is trustless. yes I agree, I think banks and bitcoin can work together to make transactions easier and simpler. of course bitcoin and bank will strengthen each other so I think this is a very good idea.
I thinks that bank is good but not in respect pf bitcoin because the world of bit coin is totally different from other investment institutions as bitcoin based banks will definitely implement other taxes which is the primary duty of any government of this world, which will lessen the interest level of the investors. Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.
Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.
So, i would like to find out the percentage of user who agreed with this idea.
Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.
for me it is a good idea that to have us bitcoin bank. but in the other side it is have a big risk to have one. why? because most of use are anonymous in this bitcoin world. how could we say that this bitcoin bank is totally legit and we all have in a good hand for those future clients who wants these services, let say it is a good idea to have but not totally recommended because of high anonimity.
I completely disagree the idea of bitcoin bank i think we don't need it as bitcoin is meant to remain decentralized always and the idea of bank is to centralize bitcoin. Even some regulated web wallets like coinbase, xapo practice same restrictions like normal banks with lots of account lock down and KYC policies which is completely against what bitcoin was developed for.
I think since bitcoin has been popular to everyone even around the world I think bitcoin bank is a great idea. If this would be possible i think it is one of the steppingstone of bitcoin to be accepted by everyone of us even the government of China.
A bitcoin bank is great until it is not. Then once it is no longer great you are shit out of luck. It is like having a business partner who you let control all your cash. It is great as long as they pay you. But, then when they run off with the money there is not much you can do. Possession is 9/10ths of the law.
Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.
Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.
I agree with you. BITCOIN BANK is not a good idea for me. In the first place, what really banks are for? Anyone who is planning to build or create a bitcoin bank aims to earn from interests. Banks are designed to ear profit from the interests of those deposited to them. Why do bitcoin banking if you can manage your own money through exchanges and trading? Well, bitcoin bank is out of the line for me. So, i would like to find out the percentage of user who agreed with this idea.
Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.
Wouldn't be a bank kind of senseless for a decentralized currency? For what exactly should I use a bank, when I am already able to do everything I need to ... having an account, sending + receiving money etc. What exactly would a bank bring to the table?
Well, you are right. But think about ordinary people, many of them won't bother about security of their funds. They would like to be provided a secure service. These just don't understand the purpose of decentralised currency. Also "crypto bank" could work like today's exchanges. They would allow to hold many different cryptocurrencies in one place.
You have a point there! Security is a big problem for sure. On the other hand, imagine what a bank can do with all the bitcoins they hold. They could manipulate the market easily.
Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.
Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.
So who will hold the bitcoin bank, satoshi nakamoto is just a pseudonym, and who will manage the bank?So, i would like to find out the percentage of user who agreed with this idea.
Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.
But it would be nice if bitcoin really has a bank
In my opinion bitcoin bank is against decentralizing. what will be the difference between bitcoin bank and an ordinary bank?
Esssentially, bitcoin banks are proposing the same services that normal banks would offer pretty much. loans, money storage, and the purchase of debt. the difference is in the fees, and the rates of return. using a blockchain means a free, built in ledger/database. this greatly reduces operational costs, and the subsequent fees that would be passed along to the customer. add to that the volatility that bitcoin brings, and investments managed by professionals should offer rates of return superior to what we see in the alt markets. but that superior return would be tied to superior risk, like always. so you cant really guarantee the enhanced returns, but you really could get the operational fees down to nil, and still turn a decent profit.
my only problem with bitcoin denominated banks is centralization. its like you just cant get some benefits without dealing with a centralized service
I gues i agree
For more secure
For more secure
Such banks will not give greater security to your crypto currency than the blockchain system. But banks will take additional services from you. I am against such banks
agree and disagree. on the one hand, if you dont have the keys then they arent your coins. hell, if someone else is sharing the keys they arent completely yours anymore. so as an old head, im not to keen about any type of "hosted" wallet solution. but on the other hand, the average person's cyber security is absolute shit. people have no idea how much information they leak due to poor "hygiene". social media records, weak passwords are all vectors for attack. enterprise grade security is magnitudes more robust than this, but its centralized so you arrive back at the initial problems.
its a devil either way, but since institutions have civil liability, I think I would go with a hosted wallet on this one. if they can offer the value added services that real banks offer, without all the fees, im all ears.
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