Bitcoin Bank??? - page 21. | Bitcointalksearch.org

ElpadroBitcoin

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Quote from: Pattart on April 06, 2016, 08:02:00 AM

Quote from: Novalok on April 05, 2016, 06:08:48 AM

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)

It is good to have a Bitcoin bank, because so Bitcoin will be more acceptable and it will be nice if you can save your coins their and so there will be also more people that will see that there is a Bitcoin bank.
If there is a Bitcoin bank than more people will also are going to use it so it will be also more popular and that is good.

bitmarket.net

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Quote from: Paracelsus on March 30, 2016, 02:06:17 PM

Banks are biggest evil of our times, and we asking for it?
I believe those who proposed this idea don't have a clue what is bitcoin about.

It is interesting to consider what people mean when they say they would like to see Bitcoin bank.

It could be that they want the security and / or the ability to earn the interest on their bitcoins - the services that the banks usually provide.
The thing is that in the crypto-currency world, you can get both of these services elsewhere.

qiwoman2

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Quote from: crazyivan on December 04, 2015, 02:29:55 AM

Not a real bank but there are couple of services and exchanges which provide interest. Up to 17% a year AFAIK.

I would love to know a place where we can get a yearly roi. Can you please give me a list if these places are legit so I can show other family members as well. Then they might consider buying some bitcoin and holding it long term if there was some roi attached.

upsidedown75

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Quote from: justdimin on April 08, 2016, 02:07:49 AM

Quote from: BitcoinSupremo on April 05, 2016, 06:23:13 AM

Bitcoin is created to avoid banks in the first place. Owning your private key IS owning your own bank. In case of desktop wallets, owning the seed or wallet.dat is the same. A bank is and always will be bad to bitcoin as they ask all kind of things about you and what you do with your money. While bitcoin itself is pseudo anonymous it can be made anonymous if the user knows what to do. So yeah Bitcoin is much better and don't need any bank to operate it or whatever.

Yes, bitcoin definitely does not need any bank technically for it's features. We can have all the advantages of bitcoin without any regulating bank on bitcoin system.

You must be right. May be bank acting as an exchange to bitcoins if they start accepting bitcoin for their deposit or withdrawal options. Already we are having many different and secure ways to buy or sell bitcoins. So there is no need of exchange in the name of bank.

justdimin

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Quote from: BitcoinSupremo on April 05, 2016, 06:23:13 AM

Bitcoin is created to avoid banks in the first place. Owning your private key IS owning your own bank. In case of desktop wallets, owning the seed or wallet.dat is the same. A bank is and always will be bad to bitcoin as they ask all kind of things about you and what you do with your money. While bitcoin itself is pseudo anonymous it can be made anonymous if the user knows what to do. So yeah Bitcoin is much better and don't need any bank to operate it or whatever.

Yes, bitcoin definitely does not need any bank technically for it's features. We can have all the advantages of bitcoin without any regulating bank on bitcoin system.

plost24

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Quote from: voztata on April 07, 2016, 02:29:21 PM

Quote from: Tatalk on April 07, 2016, 09:40:58 AM

Quote from: lixer on April 06, 2016, 02:26:21 PM

Quote from: btcjoin14 on April 05, 2016, 11:19:37 AM

The concept of decentralization will not exist if there will be banks for storage of bitcoins.
So its good not to have any bitcoin banks

Yes, if banks start to control bitcoin by any means, then bitcoin will no more decentralized currency. First we need to think what is the advantage we are going to get if banks start controlling bitcoins.

If most people in the world owns the bitcoin, the banks cannot control it. The banks can create nodes and contribute to the network.

I think if bitcoins banks are opened and people are given interest for what they deposit, really this will e very fancy and brilliant. I will try to contribute any way I can for getting this real. Though if we see technical procedure then its nearly impossible.

for this periode of time bitcoin band is not a good think to do because bank offre interst in fund that can invest in loan to someone else but i think no one will loan bitcoin from bank because the fee will be really high .

stellgod

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Its tough to image banks where we can deposit btc but yes would love to see them.

voztata

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Quote from: Tatalk on April 07, 2016, 09:40:58 AM

Quote from: lixer on April 06, 2016, 02:26:21 PM

Quote from: btcjoin14 on April 05, 2016, 11:19:37 AM

The concept of decentralization will not exist if there will be banks for storage of bitcoins.
So its good not to have any bitcoin banks

Yes, if banks start to control bitcoin by any means, then bitcoin will no more decentralized currency. First we need to think what is the advantage we are going to get if banks start controlling bitcoins.

If most people in the world owns the bitcoin, the banks cannot control it. The banks can create nodes and contribute to the network.

I think if bitcoins banks are opened and people are given interest for what they deposit, really this will e very fancy and brilliant. I will try to contribute any way I can for getting this real. Though if we see technical procedure then its nearly impossible.

Tatalk

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Quote from: lixer on April 06, 2016, 02:26:21 PM

Quote from: btcjoin14 on April 05, 2016, 11:19:37 AM

The concept of decentralization will not exist if there will be banks for storage of bitcoins.
So its good not to have any bitcoin banks

Yes, if banks start to control bitcoin by any means, then bitcoin will no more decentralized currency. First we need to think what is the advantage we are going to get if banks start controlling bitcoins.

If most people in the world owns the bitcoin, the banks cannot control it. The banks can create nodes and contribute to the network.

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Quote from: lixer on April 06, 2016, 02:26:21 PM

Quote from: btcjoin14 on April 05, 2016, 11:19:37 AM

The concept of decentralization will not exist if there will be banks for storage of bitcoins.
So its good not to have any bitcoin banks

Yes, if banks start to control bitcoin by any means, then bitcoin will no more decentralized currency. First we need to think what is the advantage we are going to get if banks start controlling bitcoins.

It could be a major drawback, at the same if bitcoin exists then only more people would know about these digital currencies.

lixer

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Quote from: btcjoin14 on April 05, 2016, 11:19:37 AM

The concept of decentralization will not exist if there will be banks for storage of bitcoins.
So its good not to have any bitcoin banks

Yes, if banks start to control bitcoin by any means, then bitcoin will no more decentralized currency. First we need to think what is the advantage we are going to get if banks start controlling bitcoins.

n0ne

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Quote from: Pattart on April 06, 2016, 08:02:00 AM

Quote from: Novalok on April 05, 2016, 06:08:48 AM

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)

Rather than third party usage I believe banks will create their own wallets. Just to improving their technology they could start following the digital currencies.

Pattart

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Quote from: Novalok on April 05, 2016, 06:08:48 AM

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)

hv_

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Quote from: defined on April 06, 2016, 06:59:13 AM

Quote from: hv_ on April 06, 2016, 06:12:52 AM

Barclays is now your first tier1 BTC Bank:

http://www.reuters.com/article/us-bank-payment-circle-idUSKCN0X30A7

'Circle' has been around for a while. Seeing $76 million investments in companies like Circle makes me question how they will make a profit.

Always the big question - also with all the other investments into bitcoin world like blockstream, bloq, ...
In the short this might only work by btc speculation. Buy some and later post big news - or the other way around sell first and make a big hearnator later ...

defined

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Quote from: hv_ on April 06, 2016, 06:12:52 AM

Barclays is now your first tier1 BTC Bank:

http://www.reuters.com/article/us-bank-payment-circle-idUSKCN0X30A7

'Circle' has been around for a while. Seeing $76 million investments in companies like Circle makes me question how they will make a profit.

xuan87

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Quote from: bamboylee on April 06, 2016, 06:05:55 AM

Quote from: pocarime32 on March 31, 2016, 08:43:26 PM

Quote from: bamboylee on March 31, 2016, 07:40:18 PM

Quote from: michietn94 on December 03, 2015, 10:23:42 PM

IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?

If it is like a normal bank where you have to submit documents or ID, then this will defeat the purpose of bitcoin. I want my bitcoin anonymous, tax free and I want to keep it that way. I will not submit it to any bank so government can meddle on it.

Yes i agree with you, if bitcoin bank same as bank in real life. I prefer using bitcoin wallet than bitcoin bank, no need submit id or some verification. And i'm sure anonymous is why people pick bitcoin.

And government cannot freeze your bitcoin account if you get into any trouble. Your coins are yours only and no one get it from you. While in banks, the government can freeze or get your money if they want it.

It is true that government cant take bitcoin from you, but you can be easily scam by bitcoin bank which physically doesnt exist, its mean you only know the website of the bank, so it is a very dangerous step to store your money in bitcoin bank, but this is only my opinion, the choice is still yours

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Quote from: bamboylee on April 06, 2016, 06:05:55 AM

Quote from: pocarime32 on March 31, 2016, 08:43:26 PM

Quote from: bamboylee on March 31, 2016, 07:40:18 PM

Quote from: michietn94 on December 03, 2015, 10:23:42 PM

IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?

If it is like a normal bank where you have to submit documents or ID, then this will defeat the purpose of bitcoin. I want my bitcoin anonymous, tax free and I want to keep it that way. I will not submit it to any bank so government can meddle on it.

Yes i agree with you, if bitcoin bank same as bank in real life. I prefer using bitcoin wallet than bitcoin bank, no need submit id or some verification. And i'm sure anonymous is why people pick bitcoin.

And government cannot freeze your bitcoin account if you get into any trouble. Your coins are yours only and no one get it from you. While in banks, the government can freeze or get your money if they want it.

I dont like bitcoin banks. I think if its happen it will be manipulated and we get small profit in every price is rise of bitcoin and the same point our bitcoin funds will be safe but the chain effects banks will get more profit to us when we get small. I like bitcoin to stay in wallet we can transfer it to dollars easilly. So bitcoin dont need bank

hv_

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Barclays is now your first tier1 BTC Bank:

http://www.reuters.com/article/us-bank-payment-circle-idUSKCN0X30A7

bamboylee

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Quote from: pocarime32 on March 31, 2016, 08:43:26 PM

Quote from: bamboylee on March 31, 2016, 07:40:18 PM

Quote from: michietn94 on December 03, 2015, 10:23:42 PM

IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?

If it is like a normal bank where you have to submit documents or ID, then this will defeat the purpose of bitcoin. I want my bitcoin anonymous, tax free and I want to keep it that way. I will not submit it to any bank so government can meddle on it.

Yes i agree with you, if bitcoin bank same as bank in real life. I prefer using bitcoin wallet than bitcoin bank, no need submit id or some verification. And i'm sure anonymous is why people pick bitcoin.

And government cannot freeze your bitcoin account if you get into any trouble. Your coins are yours only and no one get it from you. While in banks, the government can freeze or get your money if they want it.

BitHodler

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Quote from: Supercrypt on April 06, 2016, 04:05:51 AM

Quote from: BitHodler on April 05, 2016, 06:26:58 AM

Quote from: Novalok on April 05, 2016, 06:08:48 AM

a bitcoin bank would change everything really think about all the possibility

Bitcoin banks aren't that different from regular banks.

You still have a third party having control over all the coins you store there.

People hold Bitcoin because they want to have full ownership over their coins. Even a Bitcoin bank can't offer that.

Yes in that way the bitcoin will lose it's most significant characteristics if banks starting controlling bitcoins. We do not need any third-party to own our bitcoins. Decentralization is the important thing which tends many people to love bitcoins.

I do agree with you, but the people must not be fooled to put their coins there only to get a small interest reward in return.

But I know that people will still deposit their coins there for small returns. For some reason greed is much stronger than their common sense.

Imagine what will happen if Bitcoin banks start behaving like normal banks. People will have to verify themselves and come up with a good reason to withdraw a serious amount of coins. And then still the bank can choose to not accept your withdrawal. It's pure madness.

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