I think this is a big NO.We know that every banks aim for one only goal.That is to centralize an decentralize financial system.And bitcoin is a decentralized cryptocurrency and if banks do happen many changes will happen in bitcoins.So i think having bitcoin banks is not good for all of us bitcoin users.
yes, we've got our own wallet, we do not need bitcoin bank. why we must keep our bitcoin where others will control our bitcoin. I think it's certainly not a smart decision. bitcoin should be spread evenly so that the price can be more stable. We better use our bitcoin as investment in trading because big capital could give nice profit. 
Topic: - page 48. (Read 142327 times)
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.
That's a typical irony to the best ever decentralized bitcoin system..On one side people support the bitcoin and it's network ( that means they are supporting the method of decentralization) and on the other side if they say that they need a bank for bitcoin..OHHHH Plzzzzz i want to ask such people if there will be a bank then surely many banks like them will get opened up...And there will a time when the whole empire of bitcoin will collapse because it never ever be then decentralized...all the powers will be in the hands of few bank's CEO.....I TOTALLY DISAGREE WITH THE IDEA OF BITCOIN BANK!!!
I think this is a big NO.We know that every banks aim for one only goal.That is to centralize an decentralize financial system.And bitcoin is a decentralized cryptocurrency and if banks do happen many changes will happen in bitcoins.So i think having bitcoin banks is not good for all of us bitcoin users.
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.
I think bitcoin bank is not needed anymore because the wallets that we the online wallet there are like banks that you can hold your bitcoin and sent and received a bitcoin so the bitcoin bank is the wallets then if you will create a bitcoin bank it would just be a wallet too. So for me we don't need bitcoin bank.
I don’t agree, bitcoin is at its core a revolution against banks, it allows us to become our own banks and to take away our rights away from dishonest bankers that the only thing they care about is to accumulate more money and power, bitcoin allows to get away from all of that.
bitcoin is kind of the opposite of the bank, it's a free and decentralized anonymous currency!
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.
Right, when we use bitcoin, So we have no need to save it into bank, it is just like when we buy bitcoin and save it into our wallets and hold it for a time, then its decentralized quality give us profit. When bitcoin's price increase than we make money from it, So why we need special banks for bitcoin.
bitcoin is kind of the opposite of the bank, it's a free and decentralized anonymous currency!
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.
Right, when we use bitcoin, So we have no need to save it into bank, it is just like when we buy bitcoin and save it into our wallets and hold it for a time, then its decentralized quality give us profit. When bitcoin's price increase than we make money from it, So why we need special banks for bitcoin.
bitcoin is kind of the opposite of the bank, it's a free and decentralized anonymous currency!
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.
Right, when we use bitcoin, So we have no need to save it into bank, it is just like when we buy bitcoin and save it into our wallets and hold it for a time, then its decentralized quality give us profit. When bitcoin's price increase than we make money from it, So why we need special banks for bitcoin.
I was reading your post, no problem at all until I got into that part. I was like "Wait, what?" How does the decentralized feature of bitcoin will give us profit at all? The only thing that gives us profit is when the price has increased. The decentralization has nothing to do with it. It might have, but not directly.
People buy bitcoins because it's decentralized and it has all these features that bypasses the banks. We can even make money from the bitcoin community because there's a lot of opportunities here. But bitcoin being decentralized surely doesn't give us profit. Decentralization is on the network, not on the price itself.
bitcoin is kind of the opposite of the bank, it's a free and decentralized anonymous currency!
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.
Right, when we use bitcoin, So we have no need to save it into bank, it is just like when we buy bitcoin and save it into our wallets and hold it for a time, then its decentralized quality give us profit. When bitcoin's price increase than we make money from it, So why we need special banks for bitcoin.
Why would you want the bank to store your coins when you can yourself. That's the point of bitcoin you are the bank.
That correct, we do not need a bank that is similar to banks in real world that accepts fiat, bitcoin is created to give us freedom as we are entitled with that. Bitcoin is the answer and it's not controlled by the government so we can do whatever we want without being watch and being restricted.For me, it's the freedom that we are looking and with this freedom that we experience if we share with other people we will grow as a big community.
Yes exactly ! Thank you for replying. These people who talk of bitcoin banks don't know what they talking about at all. The very idea is laughable. Bitcoin = liberation.
True, each one can be his own bank, choose the best offers to invest and if there is any doubt each one can ask to other experienced persons who can help with wise advices. Bank for me means centralization and bitcoin wants to stay away from centralization, and we, bitcoin enthusiasts the same.
bitcoin is kind of the opposite of the bank, it's a free and decentralized anonymous currency!
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.
Yep, and that's why most of us loves to have our very own bank with the use of bitcoin wallet. We are avoiding to be charged by banks for using their service and we know in banks there's no way to gain our deposits. They are the only one that will have the benefit for using our money for their loans but with bitcoin it will grow suddenly as the price increases.
Why would you want the bank to store your coins when you can yourself. That's the point of bitcoin you are the bank.
That correct, we do not need a bank that is similar to banks in real world that accepts fiat, bitcoin is created to give us freedom as we are entitled with that. Bitcoin is the answer and it's not controlled by the government so we can do whatever we want without being watch and being restricted.For me, it's the freedom that we are looking and with this freedom that we experience if we share with other people we will grow as a big community.
Yes exactly ! Thank you for replying. These people who talk of bitcoin banks don't know what they talking about at all. The very idea is laughable. Bitcoin = liberation.
True, each one can be his own bank, choose the best offers to invest and if there is any doubt each one can ask to other experienced persons who can help with wise advices. Bank for me means centralization and bitcoin wants to stay away from centralization, and we, bitcoin enthusiasts the same.
besides that, you don't have to pay monthly fees or high transaction fees or even wait for the transaction a lot longer that you would with bitcoin and those are just some of the arguments against the bitcoin bank, and also having a bitcoin bank would defeat the sole purpose of the bitcoin.
Why would you want the bank to store your coins when you can yourself. That's the point of bitcoin you are the bank.
That correct, we do not need a bank that is similar to banks in real world that accepts fiat, bitcoin is created to give us freedom as we are entitled with that. Bitcoin is the answer and it's not controlled by the government so we can do whatever we want without being watch and being restricted.For me, it's the freedom that we are looking and with this freedom that we experience if we share with other people we will grow as a big community.
Yes exactly ! Thank you for replying. These people who talk of bitcoin banks don't know what they talking about at all. The very idea is laughable. Bitcoin = liberation.
True, each one can be his own bank, choose the best offers to invest and if there is any doubt each one can ask to other experienced persons who can help with wise advices. Bank for me means centralization and bitcoin wants to stay away from centralization, and we, bitcoin enthusiasts the same.
Why would you want the bank to store your coins when you can yourself. That's the point of bitcoin you are the bank.
That correct, we do not need a bank that is similar to banks in real world that accepts fiat, bitcoin is created to give us freedom as we are entitled with that. Bitcoin is the answer and it's not controlled by the government so we can do whatever we want without being watch and being restricted.For me, it's the freedom that we are looking and with this freedom that we experience if we share with other people we will grow as a big community.
Yes exactly ! Thank you for replying. These people who talk of bitcoin banks don't know what they talking about at all. The very idea is laughable. Bitcoin = liberation.
True, each one can be his own bank, choose the best offers to invest and if there is any doubt each one can ask to other experienced persons who can help with wise advices. Bank for me means centralization and bitcoin wants to stay away from centralization, and we, bitcoin enthusiasts the same.
Why would you want the bank to store your coins when you can yourself. That's the point of bitcoin you are the bank.
That correct, we do not need a bank that is similar to banks in real world that accepts fiat, bitcoin is created to give us freedom as we are entitled with that. Bitcoin is the answer and it's not controlled by the government so we can do whatever we want without being watch and being restricted.For me, it's the freedom that we are looking and with this freedom that we experience if we share with other people we will grow as a big community.
Yes exactly ! Thank you for replying. These people who talk of bitcoin banks don't know what they talking about at all. The very idea is laughable. Bitcoin = liberation.
I think if there is bank certainly will make bitcoin bitcoin position better and stronger so that it will increase the price and never make the price drop significant.
It might. In a way, bitcoin getting accepted by the regular banks will have quite the same effect as bitcoin ETF. Bitcoin ETF is there for those people that want to invest in bitcoin but don't know have the knowledge to do so. With bitcoin banks, one can simply buy bitcoins and he'll know that the bank is protecting his coins. Although of course the safety is not guaranteed, people will use the bitcoin bank just because they don't know how to setup their own wallet.
That means that non-bitcoin users and non-tech savvy people will be encouraged to use bitcoins for the sake of having profits later on when the price increase.
I guess, Bitcoin bank is good as long as it is 100% DECENTRALIZED , 100% SECURED, but keeping PRIVATE , SECURE and CONFIDENTIAL just like XMR.
If you say bank, it is a place where you put your money and they have the control of your money once you deposited it on the bank. Compare to the bank of fiat, they use our money to give loans and use it to invest for their company and also control the supply of the money. So i don't think that bitcoin will be decentralized once it gets a bank because the bank will take over the control if you already deposited your money.And how that would be different from what we already have by now?
What I refer to here are services that offer third party storage and exchange as well as processing transfers of bitcoins, i.e. web-wallets (before all), exchangers and exchanges? There are a few services that started to offer interest on the funds held in their accounts (e.g. freebitco.in faucet and Bter exchange). As to me, we could call Bitcoin banks our regular banks if they begin accepting bitcoins along with fiat to deposits and checking accounts. That would be a natural way of calling things
I guess, Bitcoin bank is good as long as it is 100% DECENTRALIZED , 100% SECURED, but keeping PRIVATE , SECURE and CONFIDENTIAL just like XMR.
As like XMR we cannot have a decentralized system. XMR is quite low in capital compared to the bitcoin, when a banking service gets initiated with bitcoin as the value token it needs to get incorporated with fiat as well other digital tokens. This at time require KYC and loss anonymity causing to go under control of some authority. Jump to: