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1Referee

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Quote from: soham on January 15, 2017, 07:56:08 AM

No, I really don't agree with the idea of a bitcoin bank in any way. Because a lot of questions needs to be answered. Bitcoin is still not aaccepted in majority of the countries. Either the government banned it or they just don't simple bother.

Also if a bitcoin bank is created, who will be the owner of the bank? Who will regulated the bank? Who will audit the bank? A big trust factor is there.

You take things way too seriously. It will be just a service that even you could have started up. Just start up an exchange with a wallet service, where you also happens to give out loans, or allow users to lend Bitcoin to each other. If you so wish you could even offer people interest over the coins that people store in your exchange. Give yourself a fancy name where the word bank is included, and voila, there you have your Bitcoin bank. I have to note that there are already several exchanges that offer a platform where users can lend Bitcoin to each other, so the first steps are already set. And while it's a horrible idea to use exchanges as wallet, it is possible even though it's not convenient. If you look at it from that point, then these exchanges are very close to being a Bitcoin bank.

TastyChillySauce00

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Quote from: machinek20 on January 15, 2017, 06:33:36 PM

Quote from: deadpoolx on January 15, 2017, 06:20:20 PM

Quote from: BeGoods on January 15, 2017, 07:47:34 AM

Quote from: gilangIDR on January 13, 2017, 11:19:23 PM

with the bank I believe bitcoin will be one of the financial payment media most widely used in the world. because with these conditions, bitcoin will become more reliable and also secure in every use.

I think the banks have government will never accept bitcoin, you could see governments around the world reject bitcoin. because bitcoin anonymous and decentralized.
but if it happened it would be very nice for bitcoin

Governments accepting Bitcoin is probably one of the things that does not make sense, because this would be a way to reduce the power they have. Control over the local currency is one of the things that gives more autonomy to governments, and certainly is one of the pillars of the state. That is why all nations use fiat currency. For Bitcoin to gain space, everything will depend on the users.

I dont think govenrment will ever accepting bitcoin, that is why bitcoin bank will never appear, by accepting bitcoin, it means the government will lose the power to control the tax and the transaction, the only way fro government to accept bitcoin is to treat bitcoin same way as fiat, so the government will ask you to provide information for every transcation you made

Your statement above is wrong, there are some governments who have accepted bitcoin but it's considered as property and not a currency, for example, is Israel and U.S.A, you can find some article which was written by their government regarding this matter. By accepting bitcoin as property then they don't need to worry about whether bitcoin can take over the place of their local fiat.
So, they seem will never implement bitcoin as payment method to their government's instances

ASHLIUSZ

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Quote from: stadus on January 16, 2017, 12:45:00 AM

Quote from: Harlot on January 15, 2017, 07:09:47 PM

Quote from: machinek20 on January 15, 2017, 06:33:36 PM

Quote from: deadpoolx on January 15, 2017, 06:20:20 PM

Quote from: BeGoods on January 15, 2017, 07:47:34 AM

Quote from: gilangIDR on January 13, 2017, 11:19:23 PM

with the bank I believe bitcoin will be one of the financial payment media most widely used in the world. because with these conditions, bitcoin will become more reliable and also secure in every use.

I think the banks have government will never accept bitcoin, you could see governments around the world reject bitcoin. because bitcoin anonymous and decentralized.
but if it happened it would be very nice for bitcoin

Governments accepting Bitcoin is probably one of the things that does not make sense, because this would be a way to reduce the power they have. Control over the local currency is one of the things that gives more autonomy to governments, and certainly is one of the pillars of the state. That is why all nations use fiat currency. For Bitcoin to gain space, everything will depend on the users.

I dont think govenrment will ever accepting bitcoin, that is why bitcoin bank will never appear, by accepting bitcoin, it means the government will lose the power to control the tax and the transaction, the only way fro government to accept bitcoin is to treat bitcoin same way as fiat, so the government will ask you to provide information for every transcation you made

I don't get why people still need Bitcoin to be accepted directly? When we can convert it to Fiat anytime which has more use and widely accepted in any country of origin. We don't need banks to accept Bitcoin.

They have no idea what would the world would become if bitcoin will be accepted directly, for me it's good to always stay this way, at least we have different option to use and we can enjoy both. Banks are for fiat so there will be no bitcoin bank in the future.

That's good to enjoy both depending upon the requirement. Bitcoin banking when created will function same as now with miners sitting inside the bank and helping the users. Such implementations will help the public who lack in technology but would like to be a part of the growing digital asset.

stadus

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Quote from: Harlot on January 15, 2017, 07:09:47 PM

Quote from: machinek20 on January 15, 2017, 06:33:36 PM

Quote from: deadpoolx on January 15, 2017, 06:20:20 PM

Quote from: BeGoods on January 15, 2017, 07:47:34 AM

Quote from: gilangIDR on January 13, 2017, 11:19:23 PM

with the bank I believe bitcoin will be one of the financial payment media most widely used in the world. because with these conditions, bitcoin will become more reliable and also secure in every use.

I think the banks have government will never accept bitcoin, you could see governments around the world reject bitcoin. because bitcoin anonymous and decentralized.
but if it happened it would be very nice for bitcoin

Governments accepting Bitcoin is probably one of the things that does not make sense, because this would be a way to reduce the power they have. Control over the local currency is one of the things that gives more autonomy to governments, and certainly is one of the pillars of the state. That is why all nations use fiat currency. For Bitcoin to gain space, everything will depend on the users.

I dont think govenrment will ever accepting bitcoin, that is why bitcoin bank will never appear, by accepting bitcoin, it means the government will lose the power to control the tax and the transaction, the only way fro government to accept bitcoin is to treat bitcoin same way as fiat, so the government will ask you to provide information for every transcation you made

I don't get why people still need Bitcoin to be accepted directly? When we can convert it to Fiat anytime which has more use and widely accepted in any country of origin. We don't need banks to accept Bitcoin.

They have no idea what would the world would become if bitcoin will be accepted directly, for me it's good to always stay this way, at least we have different option to use and we can enjoy both. Banks are for fiat so there will be no bitcoin bank in the future.

Harlot

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Quote from: machinek20 on January 15, 2017, 06:33:36 PM

Quote from: deadpoolx on January 15, 2017, 06:20:20 PM

Quote from: BeGoods on January 15, 2017, 07:47:34 AM

Quote from: gilangIDR on January 13, 2017, 11:19:23 PM

with the bank I believe bitcoin will be one of the financial payment media most widely used in the world. because with these conditions, bitcoin will become more reliable and also secure in every use.

I think the banks have government will never accept bitcoin, you could see governments around the world reject bitcoin. because bitcoin anonymous and decentralized.
but if it happened it would be very nice for bitcoin

Governments accepting Bitcoin is probably one of the things that does not make sense, because this would be a way to reduce the power they have. Control over the local currency is one of the things that gives more autonomy to governments, and certainly is one of the pillars of the state. That is why all nations use fiat currency. For Bitcoin to gain space, everything will depend on the users.

I dont think govenrment will ever accepting bitcoin, that is why bitcoin bank will never appear, by accepting bitcoin, it means the government will lose the power to control the tax and the transaction, the only way fro government to accept bitcoin is to treat bitcoin same way as fiat, so the government will ask you to provide information for every transcation you made

I don't get why people still need Bitcoin to be accepted directly? When we can convert it to Fiat anytime which has more use and widely accepted in any country of origin. We don't need banks to accept Bitcoin.

machinek20

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Activity: 840

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Quote from: deadpoolx on January 15, 2017, 06:20:20 PM

Quote from: BeGoods on January 15, 2017, 07:47:34 AM

Quote from: gilangIDR on January 13, 2017, 11:19:23 PM

with the bank I believe bitcoin will be one of the financial payment media most widely used in the world. because with these conditions, bitcoin will become more reliable and also secure in every use.

I think the banks have government will never accept bitcoin, you could see governments around the world reject bitcoin. because bitcoin anonymous and decentralized.
but if it happened it would be very nice for bitcoin

Governments accepting Bitcoin is probably one of the things that does not make sense, because this would be a way to reduce the power they have. Control over the local currency is one of the things that gives more autonomy to governments, and certainly is one of the pillars of the state. That is why all nations use fiat currency. For Bitcoin to gain space, everything will depend on the users.

I dont think govenrment will ever accepting bitcoin, that is why bitcoin bank will never appear, by accepting bitcoin, it means the government will lose the power to control the tax and the transaction, the only way fro government to accept bitcoin is to treat bitcoin same way as fiat, so the government will ask you to provide information for every transcation you made

deadpoolx

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Quote from: BeGoods on January 15, 2017, 07:47:34 AM

Quote from: gilangIDR on January 13, 2017, 11:19:23 PM

with the bank I believe bitcoin will be one of the financial payment media most widely used in the world. because with these conditions, bitcoin will become more reliable and also secure in every use.

I think the banks have government will never accept bitcoin, you could see governments around the world reject bitcoin. because bitcoin anonymous and decentralized.
but if it happened it would be very nice for bitcoin

Governments accepting Bitcoin is probably one of the things that does not make sense, because this would be a way to reduce the power they have. Control over the local currency is one of the things that gives more autonomy to governments, and certainly is one of the pillars of the state. That is why all nations use fiat currency. For Bitcoin to gain space, everything will depend on the users.

Gameroid

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Activity: 798

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Quote from: Mastsetad on January 15, 2017, 11:37:14 AM

Quote from: soham on January 15, 2017, 07:56:08 AM

No, I really don't agree with the idea of a bitcoin bank in any way. Because a lot of questions needs to be answered. Bitcoin is still not aaccepted in majority of the countries. Either the government banned it or they just don't simple bother.

Also if a bitcoin bank is created, who will be the owner of the bank? Who will regulated the bank? Who will audit the bank? A big trust factor is there.

Exactly. Even if there are trusted people behind that bitcoin bank but i wonder why people would give their bitcoins to them just to keep them while they can do it without involving any third party simply in their computers or in internet.

yes and in banks you need to pass from different steps and after that you will be able to deposit or withdrawal your bitcoin. so it is more easy to use online wallets for keeping and saving your bitcoin.

Mastsetad

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Quote from: soham on January 15, 2017, 07:56:08 AM

No, I really don't agree with the idea of a bitcoin bank in any way. Because a lot of questions needs to be answered. Bitcoin is still not aaccepted in majority of the countries. Either the government banned it or they just don't simple bother.

Also if a bitcoin bank is created, who will be the owner of the bank? Who will regulated the bank? Who will audit the bank? A big trust factor is there.

Exactly. Even if there are trusted people behind that bitcoin bank but i wonder why people would give their bitcoins to them just to keep them while they can do it without involving any third party simply in their computers or in internet.

soham

sr. member

Activity: 406

Merit: 250

No, I really don't agree with the idea of a bitcoin bank in any way. Because a lot of questions needs to be answered. Bitcoin is still not aaccepted in majority of the countries. Either the government banned it or they just don't simple bother.

Also if a bitcoin bank is created, who will be the owner of the bank? Who will regulated the bank? Who will audit the bank? A big trust factor is there.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: gilangIDR on January 13, 2017, 11:19:23 PM

with the bank I believe bitcoin will be one of the financial payment media most widely used in the world. because with these conditions, bitcoin will become more reliable and also secure in every use.

I think the banks have government will never accept bitcoin, you could see governments around the world reject bitcoin. because bitcoin anonymous and decentralized.
but if it happened it would be very nice for bitcoin

betlord90

hero member

Activity: 630

Merit: 500

Bitcoin bank would not be bad, but I don't think that it is really necessary to have one. Since bitcoin could be converted into fiat without and with a less profit for the online that our bitcoin are being restored, then, I guess there is no reason to have bitcoin bank since we are just going to withdraw our fiat in bank after we converted it. Bitcoin bank would just take advantage to us and would have high exchanging profit since they are the only bitcoin bank and people could withdraw easily from them.

noormcs5

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I think it will never happened like i said banking system and bitcoin opposite. But in the future i believe all commerce sites will use bitcoin. and Soon we see the End of banks altogether and only bitcoin used everywhere.

virasog

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Quote from: LovelyPrey on January 14, 2017, 09:04:14 AM

Creating a bitcoin bank destroys the whole idea of bitcoins for me. If you have a bitcoin bank, you can't be anonymous. The whole point of using bitcoins is being anonymous. But then again, the extra interest from the bank would be nice XD

I dont believe this idea. I think it is impossible. Existing banking system contrary to bitcoin. If banks accept bitcoin then bitcoin price will be very low.

deisik

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Quote from: savioroshan on January 14, 2017, 10:20:04 AM

Bitcoin Bank is a good idea. But for getting bank license I think government should approve it. So practically its not possible.If suppose government gives approval , then the bitcoin cant be used anonymously.Because government will collect all the details of the person who is dealing with it. then there wont be any difference between fiat currency and bitcoins. Instead of bank some sort of private financial institution can be set up which doesnt involve government procedures. If such thing is there , it will be easy for people to exchange bitcoins with fiat money. Another thing is it will be easy for lending bitcoins . If you know the person whom we are giving bitcoins it will be easy also. Both client and customer will be happy because they know with whom they are dealing with instead of dealing with a unknown person in the internet.

There is already such a thing

Just in case, it is called a Bitcoin exchange, and there are quite a few of them out there. Some exchanges even let their clients lend their coins to other clients at an interest (which is the basis of Bitcoin marginal trading, by the way), and look after the fulfillment of marginal requirements by the borrowers, forcefully closing their positions if they can no longer match these requirements (i.e. preventing them from defaulting on the loans they have taken). Other exchanges even pay an interest themselves on the funds held in the exchange accounts

savioroshan

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Bitcoin Bank is a good idea. But for getting bank license I think government should approve it. So practically its not possible.If suppose government gives approval , then the bitcoin cant be used anonymously.Because government will collect all the details of the person who is dealing with it. then there wont be any difference between fiat currency and bitcoins. Instead of bank some sort of private financial institution can be set up which doesnt involve government procedures. If such thing is there , it will be easy for people to exchange bitcoins with fiat money. Another thing is it will be easy for lending bitcoins . If you know the person whom we are giving bitcoins it will be easy also. Both client and customer will be happy because they know with whom they are dealing with instead of dealing with a unknown person in the internet.

jeraldskie11

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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.

Yes ofcourse, I agree the idea about bitcoin bank. It help us so much by banking our bitcoin. And if the bitcoin bank is almost similar of bitcoin wallets , I probably say no. Cause it is the same.

Zadicar

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Quote from: diegz on January 14, 2017, 09:12:43 AM

Quote from: LovelyPrey on January 14, 2017, 09:04:14 AM

Creating a bitcoin bank destroys the whole idea of bitcoins for me. If you have a bitcoin bank, you can't be anonymous. The whole point of using bitcoins is being anonymous. But then again, the extra interest from the bank would be nice XD

That's true, but bitcoin is not fully anonymous right? I think it's just fine, but why would we create a bitcoin bank, what's the use of the exchanges, and just adding up some concept from bank like lending and the way we have account there, like savings account and time deposit accounts. But I still doubt that it will happen, and as I've said before, what kind of security will they offer? if it is just the same as what exchanges are offering, I'll better go with exchange.

Not only on exchanges,Lets say whats the use of our wallets if they tend to make bitcoin bank? Anonymity features would be useless since banks are centralized by the government which means you show your identity and whats the points on storing bitcoin on banks?

diegz

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Quote from: LovelyPrey on January 14, 2017, 09:04:14 AM

Creating a bitcoin bank destroys the whole idea of bitcoins for me. If you have a bitcoin bank, you can't be anonymous. The whole point of using bitcoins is being anonymous. But then again, the extra interest from the bank would be nice XD

That's true, but bitcoin is not fully anonymous right? I think it's just fine, but why would we create a bitcoin bank, what's the use of the exchanges, and just adding up some concept from bank like lending and the way we have account there, like savings account and time deposit accounts. But I still doubt that it will happen, and as I've said before, what kind of security will they offer? if it is just the same as what exchanges are offering, I'll better go with exchange.

LovelyPrey

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Activity: 70

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Creating a bitcoin bank destroys the whole idea of bitcoins for me. If you have a bitcoin bank, you can't be anonymous. The whole point of using bitcoins is being anonymous. But then again, the extra interest from the bank would be nice XD

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