Expecting interest from depositing Bitcoin to a bank or similar entity without taking substantial risk is unrealistic. This is especially relevant because Bitcoin has a limited maximum number of coins ever issued. Unlike fiat, that is continually printed at central bank's choosing, Bitcoin's release method is fixed. Expecting "natural" interest from Bitcoin without using it as venture capital would mean that the total number of Bitcoin would have to be increased to pay out the interest to everyone. Bitcoin would then be like fiat, where each unit of currency constantly looses value over time, because the quantity of money increases.
The concept of monetary interest is not applicable to an effectively deflationary currency like Bitcoin. Just hold your coins and you will gain indirect interest in form of increases in purchasing power. With Bitcoin you are your own bank. That's how it was meant to be by Satoshi.
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Topic: Bitcoin Bank??? - page 18. (Read 45646 times)
Why would anyone want to store their btc in a bank. You need to store it on hot and cold wallets. Its really easy and then you know you always control your coins.
As always it's purely the greed aspect that takes people over completely. I am quite sure that a lot people here will store their coins in a so called "Bitcoin Bank" for just a few percent annually interest. For once people can fully own what they have as they can be their own bank, and once again they will give out the control over their coins to a third party like they do with their fiat money....
Why would anyone want to store their btc in a bank. You need to store it on hot and cold wallets. Its really easy and then you know you always control your coins.
if there is a bit coin bank he will be the first one with this great idea. In the future there will be allot of
bitcoins banks because the coin is evaluating in the future.
bitcoins banks because the coin is evaluating in the future.
It seems people won't get rid of "banking" in the future even when they use bitcoin which is against banking. So sad.
If you are confident with yourself, you can always become a bank in the world of bitcoin.
If you are confident with yourself, you can always become a bank in the world of bitcoin.
Self confidence is useless in the banking world. People have to trust you to put their money in your control.
The only thing that have to chance is the value and that have to be more soon.
I don't think a bitcoin bank will be such good as a normal bank.
it will be just a online hardware wallet not secured and they keep your bitcoins.
i don't think thats a good idea
yeah i think this is not a good idea if normal bank in real life would be very difficult to cheat because they own the place, the address and the owner can be seen. so normal bank will not cheat.it will be just a online hardware wallet not secured and they keep your bitcoins.
i don't think thats a good idea
how the bank online? You would not know who the owner of the bank's website. they can just go and bring all the money easily ?
It seems people won't get rid of "banking" in the future even when they use bitcoin which is against banking. So sad.
If you are confident with yourself, you can always become a bank in the world of bitcoin.
If you are confident with yourself, you can always become a bank in the world of bitcoin.
Self confidence is useless in the banking world. People have to trust you to put their money in your control.
It seems people won't get rid of "banking" in the future even when they use bitcoin which is against banking. So sad.
If you are confident with yourself, you can always become a bank in the world of bitcoin.
If you are confident with yourself, you can always become a bank in the world of bitcoin.
If I understand whole idea behind Bitcoin, it's most about decentralization and anonymity.
So, I don't think I will ever like idea to go to some bank, show my ID and deposit Bitcoin.
OK, for some people this can be fine idea but not for me.
I'm perfectly happy with my BTC wallet
Maybe this is good idea for people with a lot funds and desire to invest Bitcoin in the market or get bank loan.
So, I don't think I will ever like idea to go to some bank, show my ID and deposit Bitcoin.
OK, for some people this can be fine idea but not for me.
I'm perfectly happy with my BTC wallet
Maybe this is good idea for people with a lot funds and desire to invest Bitcoin in the market or get bank loan.
You are thinking of conventional banks.
A bitcoin bank could be totally different. Send bitcoins from your wallet to an address of the bank.
Sign messages with your private key and operate your account!
OK, this sounds like better idea but still I don't see reason to use bank for my BTC funds
My BTC wallet is enough for me.
If I understand whole idea behind Bitcoin, it's most about decentralization and anonymity.
So, I don't think I will ever like idea to go to some bank, show my ID and deposit Bitcoin.
OK, for some people this can be fine idea but not for me.
I'm perfectly happy with my BTC wallet
Maybe this is good idea for people with a lot funds and desire to invest Bitcoin in the market or get bank loan.
So, I don't think I will ever like idea to go to some bank, show my ID and deposit Bitcoin.
OK, for some people this can be fine idea but not for me.
I'm perfectly happy with my BTC wallet
Maybe this is good idea for people with a lot funds and desire to invest Bitcoin in the market or get bank loan.
You are thinking of conventional banks.
A bitcoin bank could be totally different. Send bitcoins from your wallet to an address of the bank.
Sign messages with your private key and operate your account!
I see that bitcoin develops. More and more people get involved in it. So I suppose some day will appear bitcoin banks. Where people will be able even to take loans in bitcoins and other things. Maybe one day bitcoin will change other currincies that exist now and paper money and coins will disappear at all.
If I understand whole idea behind Bitcoin, it's most about decentralization and anonymity.
So, I don't think I will ever like idea to go to some bank, show my ID and deposit Bitcoin.
OK, for some people this can be fine idea but not for me.
I'm perfectly happy with my BTC wallet
Maybe this is good idea for people with a lot funds and desire to invest Bitcoin in the market or get bank loan.
So, I don't think I will ever like idea to go to some bank, show my ID and deposit Bitcoin.
OK, for some people this can be fine idea but not for me.
I'm perfectly happy with my BTC wallet
Maybe this is good idea for people with a lot funds and desire to invest Bitcoin in the market or get bank loan.
I don't think a bitcoin bank will be such good as a normal bank.
it will be just a online hardware wallet not secured and they keep your bitcoins.
i don't think thats a good idea
yeah they will have control over bitcoinmu. certainly there is a lot of risk in it. I also do not think this is a good idea. if you want to grow bitcoin from the bank you just need to invest dude it will be just a online hardware wallet not secured and they keep your bitcoins.
i don't think thats a good idea
I don't think a bitcoin bank will be such good as a normal bank.
it will be just a online hardware wallet not secured and they keep your bitcoins.
i don't think thats a good idea
yeah they will have control over bitcoinmu. certainly there is a lot of risk in it. I also do not think this is a good idea. if you want to grow bitcoin from the bank you just need to invest dude it will be just a online hardware wallet not secured and they keep your bitcoins.
i don't think thats a good idea
If you wanna to lend money to get interest you can do that here at bitcointalk or try others places,but here best rates and maybe more safe to do deals.
yeah do not need to create a bank if you just want to borrow money or bitcoin bitcoin then you can borrow in this forum. even you can choose interest from you own. ussualy 1-10%?And if there will be a Bitcoin bank than more people will get know about it so that is nice.
IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
I think that it does not exist yet but it is possible for Bitcoin to open a bank sometime in the future. It is also a possibility that a other bank is going to take over Bitcoin. It does not really matter to me what happens as long as I can do what I always do with Bitcoin.
IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
i think not need long time for bitcoin to create their first time bank,full of operate with bitcoin as assets,but not this year,might it need more than 2 years for bitcoin to create it first own bank,and might blockchain will lead this technology.Yeah mate, bitcoin bank is very possible, moreover in advance the bitcoin will more popular amd more user who interest with bitcoin. So bitcoin bank will be the innovation of features bitcoin.
Bitcoin Banks is possible, but the days are not near. I believe only after years Bitcoin Bank might be started, this bitcoin will surely help more common people who were not much active with the technology.
IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
i think not need long time for bitcoin to create their first time bank,full of operate with bitcoin as assets,but not this year,might it need more than 2 years for bitcoin to create it first own bank,and might blockchain will lead this technology.Yeah mate, bitcoin bank is very possible, moreover in advance the bitcoin will more popular amd more user who interest with bitcoin. So bitcoin bank will be the innovation of features bitcoin.
IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
What your saying doen't make sense. The objective of Bitcoin is to destroy banks; not generate them. BTC is a decentralised system that means transactions don't have to go through a third party like a bank. Bitcoin is trying to abolish banks. IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
i think not need long time for bitcoin to create their first time bank,full of operate with bitcoin as assets,but not this year,might it need more than 2 years for bitcoin to create it first own bank,and might blockchain will lead this technology. Jump to: