- page 27. | Bitcointalksearch.org

richmcrich

hero member

Activity: 1120

Merit: 507

Quote from: ABCbits on October 18, 2016, 10:51:47 AM

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.

In a way yes, and in a way no. The bankers are going to be way very richer than even the customers because they’re going to be charging exorbitant fees for their transactions, and if the market crashes the bank might not want to release all your funds

Wingo

full member

Activity: 686

Merit: 107

No, this is a bad idea, a step to centralizing bitcoin and it is not what we wish to be the future for bitcoin.

Somz1

full member

Activity: 420

Merit: 102

Could be hit or miss,bank would create centralization

farhansadik

member

Activity: 112

Merit: 10

Bitcoin is so popular for It's Decentralization, It gives freedom & full Access to people without any kind of Asking of Government Besides Banks are totally centralized & must to maintain national and international laws. Why I need any Third-party who wanted to involve with my own Money who wanted to take extra fees it is totally unnecessary and costly! Always Digital Transaction is Good rather than Bank.

fossilized

member

Activity: 86

Merit: 10

The idea of a bank for bitcoins is really for those who do not understand the concept of a blockchain. A bank for bitcoin just cannot exist, unless we are talking about an organisation that has a large wallet and runs a fractional reserve system for lending and borrowing of bitcoins. And that is what some exchanges are already doing.

btcboss71

member

Activity: 76

Merit: 10

HIBEGYB MTO-sale Aug 9-50 || GTRUJDSAGR Aug 61

It Is Not Very good Concept, we have formerly our Private banks. BTC is safe by Itself without any controls of central Bank or Govt. If any third - party get engaged with BTC Transaction then it will become precarious.

Haynes

full member

Activity: 518

Merit: 106

Quote from: pedrog on October 18, 2016, 11:00:14 AM

Quote from: ABCbits on October 18, 2016, 10:51:47 AM

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.

Xapo, Coinbase and Circle, they are all "bitcoin banks", if someone doesn't like them, they don't have to use them...

I agree with you. all things must have a likes or not, depending on each assessment.
for me, "Bitcoints Bank" is a good idea, especially now. because with the "Bitcoints Bank" can facilitate the exchange performance of bitcoints or other cryptocurrency.

Rinaze

full member

Activity: 322

Merit: 100

BTC "bank" could be interesting. There's a few exchanges that allow you to lend out your currency coins while getting interest and a faucet that promote that you deposit your Bitcoin with them to earn interest so all of these kind of act like a "legit bank" too in my opinion of current times.

Lenzie

sr. member

Activity: 658

Merit: 254

For campaign management, please pm me.

Quote from: Barbarian on August 31, 2017, 10:16:34 PM

Quote from: _Dawid_ on August 24, 2017, 12:13:27 PM

I think that the Bitcoin Bank may be good for newbie users, cause nowadays is easy to forgot your password, lost backup file etc.
(inconsequence lost ur money)
In the bank u can forget everything but u always can recoup things which belong to you. Here you must take care more about yourself, so for many it can be uncomfortable in my opinion.

But BTC destiny is to be decentralized(as everywhere is describe), BTC has a lot of advantages but also some disadvantages (like these listed). And it's your choice what is more important for you or what you do need more.

We must not fall into that trap, that is something I’m sure banks are going to try to use, they will say that your coins are safer with them because you will be able to always retrieve them and things like that, but those are nothing but lies, just write your seed somewhere and you are never going to lose your coins.

We are going forward let's not bend backward and go again on that idea. We came from that thing and learn from that thing. That doesn't mean we have to use banks again.
Sure it will open a new job opportunities and would help alot. But let us think of the long term effect of this.
Bitcoin is decentralized and maybe banks are not the solution on making bitcoin usage a safer way. It is not greediness becaus we are trying to control our OWN money. Ig is taking the responsibility and the full benefit of the coin that we have been working on for a long time of hardships.

Barbarian

sr. member

Activity: 728

Merit: 250

Quote from: _Dawid_ on August 24, 2017, 12:13:27 PM

I think that the Bitcoin Bank may be good for newbie users, cause nowadays is easy to forgot your password, lost backup file etc.
(inconsequence lost ur money)
In the bank u can forget everything but u always can recoup things which belong to you. Here you must take care more about yourself, so for many it can be uncomfortable in my opinion.

But BTC destiny is to be decentralized(as everywhere is describe), BTC has a lot of advantages but also some disadvantages (like these listed). And it's your choice what is more important for you or what you do need more.

We must not fall into that trap, that is something I’m sure banks are going to try to use, they will say that your coins are safer with them because you will be able to always retrieve them and things like that, but those are nothing but lies, just write your seed somewhere and you are never going to lose your coins.

d1ceplayer

sr. member

Activity: 686

Merit: 277

Quote from: adiwibowo on August 25, 2017, 05:29:38 AM

I disagree with the existence of his "Bitcoin Bank"

I also do not support the idea of Bitcoin Bank. It sounds funny to me rather foolish. Why would I let anyone else take control of my money and peek at my transactions when I can enjoy the opposite? However, if banks accept bitcoins and get legalized in my country, I will be happier.

datodota002

full member

Activity: 224

Merit: 101

Quote from: ABCbits on October 18, 2016, 10:51:47 AM

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 think that's not really good idea, why we have to save our bitcoin on a bank when we can save it with our wallet, and even we save it on a bank it will kill the main feature of bitcoin which is make transaction as fast as you snapping your fingers.
if we save it on a bank we have to transfer it to our wallet which gonna charge fee for us and when we use itu to buy pay something we will get transfer fee again.

lousie9

sr. member

Activity: 1680

Merit: 263

If bitcoin banks in the form of a physical office would certainly threaten the conventional bank, but if it still has the same pattern in the blockchain web wallet then this is the best, I do not expect any bitcoin against civilization, I just want the bitcoin able to enter the public economy with more elegant and dignified.

Olivious

full member

Activity: 154

Merit: 100

We dont need bitcoin bank, as long as blockchain is running and safe that is all we need.
Bitcoin bank is a centralized not decentralized like bitcoin.

adiwibowo

member

Activity: 70

Merit: 10

I disagree with the existence of his "Bitcoin Bank"

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: Barbarian on August 24, 2017, 06:03:00 PM

Quote from: Rosellejohnmichael on August 18, 2017, 05:30:27 PM

Yes i do agree with bitcoin bank because it will serves as our fund in which our bitcoin can be stored. But at some point, it's not 100% reliable because sometimes, there were some errors that occur in releasing funds in that bitcoin account.

What a bad reason you can store your bitcoin yourself, that is the whole point of bitcoin being your own bank if there is not a reason to want a bitcoin bank is that, you are giving them your coins with a 100% change they are going to get it, and you do not have a 100% chance you are going to ever see your bitcoin back, those are bad odds.

With the current wallets that we have right now like online wallet, hardware wallet and so on. We don't need bitcoin bank anymore because we can easily make our own bank and that is our wallet. If we are going to have bitcoin bank then it is not a decentralized type anymore because the bank of bitcoin can use those bitcoins to do something that will make profits for them.

irnoval23

newbie

Activity: 8

Merit: 0

Quote from: ABCbits on October 18, 2016, 10:51:47 AM

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.

In my opinion bitcoin does not need a bank .. just bitcoin legal in indonesia , if VIP bitcoin is official in indonesia then VIP is more than a bank in the real world

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: _Dawid_ on August 24, 2017, 12:13:27 PM

I think that the Bitcoin Bank may be good for newbie users, cause nowadays is easy to forgot your password, lost backup file etc.
(inconsequence lost ur money)
In the bank u can forget everything but u always can recoup things which belong to you. Here you must take care more about yourself, so for many it can be uncomfortable in my opinion.

But BTC destiny is to be decentralized(as everywhere is describe), BTC has a lot of advantages but also some disadvantages (like these listed). And it's your choice what is more important for you or what you do need more.

It is also the newbies that fall for scam sites, it's also the newbies that end up with coins stores on "online wallets" that tend t get "hacked" and you are not going to see your money anymore.

The numbers of accidents where you lose your privatekeys and your back-up pales in comparison with the numbers of people that lost their coins while having them on a walk in some online wallet.Should we add to things like inputs.io the exchanges that went bust? gox, mintpal, and not btc-e?

If you can't store your money or coins properly then how do you not die of hunger with a hamburger in front of you?

Barbarian

sr. member

Activity: 728

Merit: 250

Quote from: Rosellejohnmichael on August 18, 2017, 05:30:27 PM

Yes i do agree with bitcoin bank because it will serves as our fund in which our bitcoin can be stored. But at some point, it's not 100% reliable because sometimes, there were some errors that occur in releasing funds in that bitcoin account.

What a bad reason you can store your bitcoin yourself, that is the whole point of bitcoin being your own bank if there is not a reason to want a bitcoin bank is that, you are giving them your coins with a 100% change they are going to get it, and you do not have a 100% chance you are going to ever see your bitcoin back, those are bad odds.

cuo

full member

Activity: 560

Merit: 185

I think it's still too for the bitcoin bank, because not everyone can use it yet. We also still have a website that provides wallet like blockchain, so still not necessary.

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