Pages:
Author

Topic: Bitcoin Bank??? - page 19. (Read 45646 times)

sr. member
Activity: 406
Merit: 250
May 11, 2016, 04:40:21 PM
I can't imagine how bitcoin bank will work but i can clearly understand that bitcoin bank will be useless cause everybody want to be free with own money.
hero member
Activity: 560
Merit: 500
May 11, 2016, 04:25:15 PM
Bitcoin banks that provide interest don't really work. They would have to lend out that money to some other guy to pay you. And that is not that possible under no fractional reserve standard.

So most of them are ponzis. Beware.

As i know there isnt yet a bank making this service and i believe we dont need them at all,exchanges has taken those step already poloniex and kraken allow you to get loans and allow you to invest into the exchange for a fair result protecting lenders bitcoins.
full member
Activity: 146
Merit: 100
May 11, 2016, 02:57:00 PM
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%?

Without bank even we can make everything possible, but these banks would make lending more easier. The reason is that in need we can just submit the collateral and get the amount rather than finding the trusted person.

That is the reason that we still need banks even when we have the bitcoin. We need to borrow from banks.
hero member
Activity: 2618
Merit: 548
DGbet.fun - Crypto Sportsbook
May 02, 2016, 05:00:45 AM
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%?

Without bank even we can make everything possible, but these banks would make lending more easier. The reason is that in need we can just submit the collateral and get the amount rather than finding the trusted person.
hero member
Activity: 574
Merit: 500
May 02, 2016, 04:17:40 AM
The whole point of having BTC is that it is your own bank and you'd have full control of it. It is decentralized in nature, and having a bank (which I assume is an institution) totally defeats the purpose of the BTC's existence. Having a lot of wallets, scattering your BTC would be the more viable option.
Why would I scattering my BTC? Creating more wallets and more passwords to remember?
sr. member
Activity: 275
Merit: 250
May 02, 2016, 03:26:52 AM
it would be such a bad idea if we all use the bitcoin bank.
it's not secured enough to keep our coins away from the thief's. just trust on the real gold guys.
sr. member
Activity: 271
Merit: 250
May 02, 2016, 02:28:51 AM
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
sr. member
Activity: 294
Merit: 250
May 02, 2016, 02:23:45 AM
Bitcoin banks that provide interest don't really work. They would have to lend out that money to some other guy to pay you. And that is not that possible under no fractional reserve standard.

So most of them are ponzis. Beware.
sr. member
Activity: 350
Merit: 250
May 02, 2016, 02:11:19 AM
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%?
It would be nice if there will be a Bitcoin bank because as you can see now you see also that there will be more people now that is using Bitcoin more and more so that is nice.
The only thing that must change for the people who already have Bitcoin is that they have to know that they can wait a long time until the value will be more.
sr. member
Activity: 308
Merit: 250
The mind is everything. What you think you become.
May 02, 2016, 01:19:07 AM
The whole point of having BTC is that it is your own bank and you'd have full control of it. It is decentralized in nature, and having a bank (which I assume is an institution) totally defeats the purpose of the BTC's existence. Having a lot of wallets, scattering your BTC would be the more viable option.
that's goo,i think if all people relize this fact,no one will post thread like this and asking abut bitcoin bank,as we know bitcoin is our own bank,blockchain already use it as motto. lets keep our own bank. bitcoin.
hero member
Activity: 490
Merit: 520
May 02, 2016, 12:33:35 AM
The whole point of having BTC is that it is your own bank and you'd have full control of it. It is decentralized in nature, and having a bank (which I assume is an institution) totally defeats the purpose of the BTC's existence. Having a lot of wallets, scattering your BTC would be the more viable option.

I think Bitcoin bank and normal banks is both good. Because older people need normal banks, because they dont know how Bitcoin works.
Banks also have a sense of security and allow for there to be investments made and have a small return on them. Banks could hypothetically be a good thing for Bitcoin, but they would have to avoid the pitfalls of current banking, which revolve around fractional reserve lending. A bank giving out loans and not spending more than they really have would be one of the better ways this could be brought about.
hero member
Activity: 644
Merit: 500
May 02, 2016, 12:26:55 AM
The whole point of having BTC is that it is your own bank and you'd have full control of it. It is decentralized in nature, and having a bank (which I assume is an institution) totally defeats the purpose of the BTC's existence. Having a lot of wallets, scattering your BTC would be the more viable option.

I think Bitcoin bank and normal banks is both good. Because older people need normal banks, because they dont know how Bitcoin works.
hero member
Activity: 714
Merit: 500
May 01, 2016, 11:38:57 PM
The whole point of having BTC is that it is your own bank and you'd have full control of it. It is decentralized in nature, and having a bank (which I assume is an institution) totally defeats the purpose of the BTC's existence. Having a lot of wallets, scattering your BTC would be the more viable option.
hero member
Activity: 504
Merit: 500
May 01, 2016, 11:05:19 PM
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%?
hero member
Activity: 700
Merit: 501
May 01, 2016, 10:34:45 PM
You can earn bitcoins easily, you don't need a bitcoin bank. Their price fluctuates a lot so even if there is bank and you will take loan from it ,then also there are chances that repaying that loan might be very difficult for you. I don't think loan of bitcoins is a wise idea.

earning bitcoin is not easily as you think, we must spend a few times, we must spend our time too, also we must spend our money. time is money.
sr. member
Activity: 252
Merit: 250
BetcoinRakeback.com
May 01, 2016, 06:00:00 PM
I only know of investment type bitcoin wallets that offer interest if you hold your bitcoin with them for a certain amount of time. It is small amount of interest to accumulate.
That is as close as a bank that I know of for bitcoin.
hero member
Activity: 756
Merit: 500
May 01, 2016, 05:32:20 PM
theres magnr.com. i tried it like a year ago and they provided pretty low interest so i didnt stick with it. so i cant really confirm whether theyre legit or not. you should look into it though.
hero member
Activity: 1148
Merit: 504
May 01, 2016, 04:59:33 PM
a bitcoin bank would change everything really think about all the possibility
I think more banks will use as a wallet like xapo or other third parties. where banks can control your bitcoin.
I think it was not a good idea. because it is safer to save on the wallet than a third party (bank)

Yes it is. In wallet you have all the control on your bitcoins. If it is in a third party, they may control you accounts or freeze it if they want to just like what is happening in a fiat bank. If you get caught on something, they'll freeze your account and you have nothing.
legendary
Activity: 938
Merit: 1002
May 01, 2016, 04:47:59 PM
Magnr.com?

They provide investment options that pay 2.35% interest per annum. This flat interest rate lasts until the end of June. They will then pay you out based on the profits of the trading fees they charge.
hero member
Activity: 1764
Merit: 505
20BET - Premium Casino & Sportsbook
April 20, 2016, 03:10:45 AM
Be very careful with anyone promising you interest on your BTC!
Countless of these "services" can simply vanish overnight, stealing your coins. It has happened many times in the past and will continue happening in the future.

That is the reason I like the conventional bank to adopt the bitcoin and offer service based on the bitcoin.

I think if bank will adopt bitcoin the price of bitcoin will stabilize or down because banks and government will manipulate it for their own good even do bitcoin is free for now maybe it is good to the bitcoin to be anonymous and no bank should hold it. Maybe its ok to us to remain their because we earn already by its flow.

When many banks adopt the bitcoin and it becomes a global currency, it is difficult for several governments to manipulate.

Very sure if bitcoin my have banks na governments will rule it and make the price control because they dont want their paper money lost for bitcoin existance and it has a high chance that bitcoin price will decrease because corruption of government will occur. So i think bitcoin dont need bank because it has a safe wallet that we can earn with ot if the price will rise.
Pages:
Jump to: