Bitcoin Bank??? - page 22. | Bitcointalksearch.org

Supercrypt

legendary

Activity: 1554

Merit: 1054

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.

Bitcotalk

hero member

Activity: 966

Merit: 517

Quote from: RastMan on April 05, 2016, 06:06:20 AM

Quote from: jerowacik on April 02, 2016, 10:12:52 PM

Quote from: knowhow on April 02, 2016, 04:49:40 PM

We dont need banks we can store our coins and do anything with our money,why would we want a bank to hold our coins?Bitcoin is decentralized ,bank would kill the concept.

how banks work will not kill the concept of bitcoin. bitcoin bank will make bitcoin is more secure and reliable. with their bank bitcoin users will be increased and will be very easy to use bitcoin.

If the banks are regulated like the conventional banks, it will be very secure. I will deal with them.

I also agree the idea , if the banks start to adopt bitcoin and started to regulate bitcoin for the people then bitcoin will become more reliable, everyone will have a strong believe on it.

avw1982

hero member

Activity: 644

Merit: 500

Quote from: bitcoinisfurture on April 05, 2016, 02:01:45 PM

Banks can't have a decentralized functionality. Bitcoin fail in this parameter.

Bitcoin is a bank on it's own. Keep holding your coins until the price rises and sell them. There you get your interest buddy...

bitcoinisfurture

hero member

Activity: 700

Merit: 500

Banks can't have a decentralized functionality. Bitcoin fail in this parameter.

Capitascism

full member

Activity: 163

Merit: 100

We don't need banks, decentralised exchanges are everything we need. Escrow will still stay best way
for loaning bitcoins, and those professional services will emerge over time.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: jerowacik on April 02, 2016, 10:12:52 PM

Quote from: knowhow on April 02, 2016, 04:49:40 PM

We dont need banks we can store our coins and do anything with our money,why would we want a bank to hold our coins?Bitcoin is decentralized ,bank would kill the concept.

how banks work will not kill the concept of bitcoin. bitcoin bank will make bitcoin is more secure and reliable. with their bank bitcoin users will be increased and will be very easy to use bitcoin.

How bitcoin banks will make bitcoin more secure and reliable. But I agree, if banks start accepting bitcoin deposits, then bitcoin will get more mdeia attention and so free promotions. This will work for bitcoin to get more users.

btcjoin14

hero member

Activity: 891

Merit: 500

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

n0ne

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

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

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

Bank would attract more users towards bitcoin, if such a bank comes into existence. Banks come into existence only when the user profile increases 5 to 10%

defined

hero member

Activity: 574

Merit: 500

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

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

It would be terrible! The bank would start lending out more money than it has, they even managed to do that with gold. Bitcoin will turn into fiat, and bankers will get rich. Two reasons not to do it.

BitHodler

legendary

Activity: 1526

Merit: 1179

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.

BitcoinSupremo

copper member

Activity: 1442

Merit: 529

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.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: RastMan on April 05, 2016, 06:06:20 AM

Quote from: jerowacik on April 02, 2016, 10:12:52 PM

Quote from: knowhow on April 02, 2016, 04:49:40 PM

We dont need banks we can store our coins and do anything with our money,why would we want a bank to hold our coins?Bitcoin is decentralized ,bank would kill the concept.

how banks work will not kill the concept of bitcoin. bitcoin bank will make bitcoin is more secure and reliable. with their bank bitcoin users will be increased and will be very easy to use bitcoin.

If the banks are regulated like the conventional banks, it will be very secure. I will deal with them.

don't you think any online wallets are like a bank? you store the bitcoin on their website,and then you can take the money whenever you want,and the different is just about privkey,conventional banks can't import a bank account neither transfer nor merge and don't have address

Novalok

full member

Activity: 210

Merit: 100

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

RastMan

full member

Activity: 159

Merit: 102

Quote from: jerowacik on April 02, 2016, 10:12:52 PM

Quote from: knowhow on April 02, 2016, 04:49:40 PM

We dont need banks we can store our coins and do anything with our money,why would we want a bank to hold our coins?Bitcoin is decentralized ,bank would kill the concept.

how banks work will not kill the concept of bitcoin. bitcoin bank will make bitcoin is more secure and reliable. with their bank bitcoin users will be increased and will be very easy to use bitcoin.

If the banks are regulated like the conventional banks, it will be very secure. I will deal with them.

bitbaby

hero member

Activity: 812

Merit: 1000

Quote from: jerowacik on April 02, 2016, 10:12:52 PM

Quote from: knowhow on April 02, 2016, 04:49:40 PM

We dont need banks we can store our coins and do anything with our money,why would we want a bank to hold our coins?Bitcoin is decentralized ,bank would kill the concept.

how banks work will not kill the concept of bitcoin. bitcoin bank will make bitcoin is more secure and reliable. with their bank bitcoin users will be increased and will be very easy to use bitcoin.

Really?

More secure and reliable when they run away with all the deposits, right?

Quote from: romero121 on April 02, 2016, 10:08:19 PM

But only if banks come into existence, more people would know about bitcoin and continue adoption. At least for this reason bitcoin bank is needed.

Bitcoin banks will boost adoption? How many adoptions do you see happening at investor-based games section? That is where these banks belong.

jerowacik

legendary

Activity: 1162

Merit: 1000

Quote from: knowhow on April 02, 2016, 04:49:40 PM

We dont need banks we can store our coins and do anything with our money,why would we want a bank to hold our coins?Bitcoin is decentralized ,bank would kill the concept.

how banks work will not kill the concept of bitcoin. bitcoin bank will make bitcoin is more secure and reliable. with their bank bitcoin users will be increased and will be very easy to use bitcoin.

romero121

legendary

Activity: 3234

Merit: 1214

DGbet.fun - Crypto Sportsbook

Quote from: knowhow on April 02, 2016, 04:49:40 PM

We dont need banks we can store our coins and do anything with our money,why would we want a bank to hold our coins?Bitcoin is decentralized ,bank would kill the concept.

But only if banks come into existence, more people would know about bitcoin and continue adoption. At least for this reason bitcoin bank is needed.

knowhow

hero member

Activity: 560

Merit: 500

We dont need banks we can store our coins and do anything with our money,why would we want a bank to hold our coins?Bitcoin is decentralized ,bank would kill the concept.

n0ne

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

Quote from: Ardenyham on April 02, 2016, 11:44:14 AM

currently there are not bitcoin banks available in the world. and not even fiat banks accepting and support bitcoin. but we are not so far from that.. we have bitcoin debit cards, we have bitcoin atm machines, and we will get bitcoin banks also.

Yeah, we users have got all features provided by a bank. Soon we can expect a bank, but this bank acts to be a reserve for our bitcoin. It doesn't work as our country banks.

fravia

hero member

Activity: 770

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: delliaerd on April 02, 2016, 11:52:17 AM

Quote from: Ardenyham on April 02, 2016, 11:44:14 AM

currently there are not bitcoin banks available in the world. and not even fiat banks accepting and support bitcoin. but we are not so far from that.. we have bitcoin debit cards, we have bitcoin atm machines, and we will get bitcoin banks also.

Yeah bitcoin debit cards and bitcoin atm machines, it is not impossible that will be there bitcoin bank.
But I think bitcoin wallet is enough to safe our balance. Correct me if I am wrong.

im pretty sure that there might be banks though theres no need of them as you can be a bank with your bitcoin wallet yourself

as far as i know there are no banks connected with bitcoins yet but if there will be any of it i doubt that anyone will use it

Topic: Bitcoin Bank??? - page 22. (Read 45646 times)