Bitcoin Bank??? - page 29. | Bitcointalksearch.org

nejibens

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Quote from: Hedrilin on March 09, 2016, 07:02:38 AM

A bitcoin bank is not smart because it will sure make trouble in the bitcoin community, because we cannot control our money by ourselves anymore.

Also the fact is that its less more untraceable so I think its not a good idea.

That's true because i think the best feature of Bitcoin's currency is that it's decentralized but we know that banks ask usually for the data and personal infos of customers so it's centralized

n0ne

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Quote from: ?? on ??

In my opinion a bitcoin bank could bring big disasters, because than its something that can control people from having their money and such things.
I think we can better stay at our wallets and have no bitcoin banks at all for a few years till its maybe time for it.

Your quote gives the better value for bitcoin wallets, If bitcoin banks come into existence there will be a good promotion for bitcoin and more people will know zbout such cryptocurrencies which will increase adoption.

Hedrilin

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A bitcoin bank is not smart because it will sure make trouble in the bitcoin community, because we cannot control our money by ourselves anymore.

Also the fact is that its less more untraceable so I think its not a good idea.

WhiteBeard

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Bean Cash - More Than a Digital Currency!

A while back there was such a service online, billing itself as a bank. It accepted deposits and claimed to pay interest from making loans, but the bitcoin all disappeared one day and the admins of the site claimed it had been hacked and the bitcoins stolen. It's the same old story over and over, so until some trusted entity comes along to provide such a service, I don't think one will ever succeed.

The only way banks provide low-risk, interest-bearing savings accounts is because they are insured. I'm not sure that's available in the bitcoin space... This technology is far from mature and remains "hack-able", so I seriously doubt any insurance company can afford to insure such a service without investing a lot of time and effort into verifying security measures, which would make the cost of such insurance prohibitive.

Then again, what would be the point? Centralizing the decentralized? Sounds counter-intuitive to the whole concept of bitcoin!

GermanFoobla

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A Bitcoin bank will be very good. Than people that use Bitcoin will love it and that is good. But you never know what will happen.
But it is hard to know for what is going to happen. But you never know. And we must hope that it will be more used.

CryingMidget

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Quote from: knowhow on March 06, 2016, 01:57:14 PM

What would banks do with our bitcoins?They would go to crypto market make their diagnostic and invest there to get the results they offer the same way they go to forex market and sell an buy huge ammounts.

I think Bitcoin bank where people deposit their money would ruin the entire point of Bitcoin. The point of Bitcoin is to be decentralized, and this means no third party should have control over your coins.

poptok1

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Bobby Fischer was right

Quote from: talkbitcoin on March 09, 2016, 05:09:18 AM

Quote from: Bitcoinbro on March 09, 2016, 04:54:20 AM

Quote from: fricircled on March 09, 2016, 04:30:42 AM

Quote from: aso118 on March 05, 2016, 04:49:16 AM

Quote from: Dread Pirate Roberts on March 04, 2016, 11:15:00 PM

i think it will never .
why ? because bitcoin say . nobody control your BTC and there is no fee . so if bitcoin had bank it will had fee and somebody will control it .

Banks not only charge fees - they also provide interest. This is one reason why people might be tempted to give their bitcoins to banks.
On control - I agree that we will be losing control if you give your coins to a bank. It is up to you to decide whether the interest offered is sufficient for the loss of control.

If a bank provides a service I want, I do not mind them charging me a fee. If there is no bank, I cannot borrow money.

Well there has not to be any bitcoins banks in my opinion we have the wallets and I think that is good enough.
Also a bitcoin bank will be less more controllable and untraceable so I do not think its a good idea at all.

well, this topic was more about an investment type of bank rather than just a simple wallet, for wallet you are right we can hold out own bitcoin with all sorts of different wallets but for a bank that pays interest there is no option available and if there is any, it is either scam or hard to trust.

What do you think abou btcpop?
I cant find any reviews, they have 5% capitalisation per year.
Its very close to a bank, looks real.
But very unpopular service, provides loans and some other forms of investing.
They dont have an account here, thats bad news.

talkbitcoin

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All I know is that I know nothing.

Quote from: Bitcoinbro on March 09, 2016, 04:54:20 AM

Quote from: fricircled on March 09, 2016, 04:30:42 AM

Quote from: aso118 on March 05, 2016, 04:49:16 AM

Quote from: Dread Pirate Roberts on March 04, 2016, 11:15:00 PM

i think it will never .
why ? because bitcoin say . nobody control your BTC and there is no fee . so if bitcoin had bank it will had fee and somebody will control it .

Banks not only charge fees - they also provide interest. This is one reason why people might be tempted to give their bitcoins to banks.
On control - I agree that we will be losing control if you give your coins to a bank. It is up to you to decide whether the interest offered is sufficient for the loss of control.

If a bank provides a service I want, I do not mind them charging me a fee. If there is no bank, I cannot borrow money.

Well there has not to be any bitcoins banks in my opinion we have the wallets and I think that is good enough.
Also a bitcoin bank will be less more controllable and untraceable so I do not think its a good idea at all.

well, this topic was more about an investment type of bank rather than just a simple wallet, for wallet you are right we can hold out own bitcoin with all sorts of different wallets but for a bank that pays interest there is no option available and if there is any, it is either scam or hard to trust.

Bitcoinbro

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Quote from: fricircled on March 09, 2016, 04:30:42 AM

Quote from: aso118 on March 05, 2016, 04:49:16 AM

Quote from: Dread Pirate Roberts on March 04, 2016, 11:15:00 PM

i think it will never .
why ? because bitcoin say . nobody control your BTC and there is no fee . so if bitcoin had bank it will had fee and somebody will control it .

Banks not only charge fees - they also provide interest. This is one reason why people might be tempted to give their bitcoins to banks.
On control - I agree that we will be losing control if you give your coins to a bank. It is up to you to decide whether the interest offered is sufficient for the loss of control.

If a bank provides a service I want, I do not mind them charging me a fee. If there is no bank, I cannot borrow money.

Well there has not to be any bitcoins banks in my opinion we have the wallets and I think that is good enough.
Also a bitcoin bank will be less more controllable and untraceable so I do not think its a good idea at all.

fricircled

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Quote from: aso118 on March 05, 2016, 04:49:16 AM

Quote from: Dread Pirate Roberts on March 04, 2016, 11:15:00 PM

i think it will never .
why ? because bitcoin say . nobody control your BTC and there is no fee . so if bitcoin had bank it will had fee and somebody will control it .

Banks not only charge fees - they also provide interest. This is one reason why people might be tempted to give their bitcoins to banks.
On control - I agree that we will be losing control if you give your coins to a bank. It is up to you to decide whether the interest offered is sufficient for the loss of control.

If a bank provides a service I want, I do not mind them charging me a fee. If there is no bank, I cannot borrow money.

knowhow

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What would banks do with our bitcoins?They would go to crypto market make their diagnostic and invest there to get the results they offer the same way they go to forex market and sell an buy huge ammounts.

aso118

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Quote from: Dread Pirate Roberts on March 04, 2016, 11:15:00 PM

i think it will never .
why ? because bitcoin say . nobody control your BTC and there is no fee . so if bitcoin had bank it will had fee and somebody will control it .

Banks not only charge fees - they also provide interest. This is one reason why people might be tempted to give their bitcoins to banks.
On control - I agree that we will be losing control if you give your coins to a bank. It is up to you to decide whether the interest offered is sufficient for the loss of control.

Dread Pirate Roberts

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i think it will never .
why ? because bitcoin say . nobody control your BTC and there is no fee . so if bitcoin had bank it will had fee and somebody will control it .

crossabdd

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Quote from: d1ceplayer on March 03, 2016, 09:16:39 AM

That's not available currently now at least in a serious way, There are few serious investments mostly in the gambling business but these can also yield no money profit or loss of money so they are not close to banks at that...

the seriously investment Is all about technology, new technology like BItcoin, Etherum, Maidsafe etc.
we must support cryptocurrency.

Nameless Coin

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Quote from: 1Referee on March 01, 2016, 02:27:42 AM

Quote from: lottery248 on February 27, 2016, 07:38:20 PM

bitcoin banking is probably ponzi. simply because you are hardly earning a decent interest with the blocks halving, really man.
even with the mining, you won't gain a lot of interest in bank; again, halving.

Everything that promises you a certain interest can turn into a ponzi scheme at any time. Even if they had "good" intentions when they started. It's very simple, never let your coins be held by a third party. If that is your basic rule, then you will be just fine.

It is indeed very good. And I think it is also very safe and that is good. But I hope that the banks are bigger and bigger.
So we can use it easy and that Bitcoin will be more used also in the future that will be good for the Bitcoin bank.

knowhow

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Nobody with the information and present at bitcoin will trust their coins into a third person that will offer intereste,otherwise hyip of bitcoin would be with a huge ammount as they work like bank ,till the owner run away with the funds,the thing is to we be able to trust into any bitcoin bank we need a real fiat bank with high reputation to work with bitcoin and we need a warranty that our bitcoin are safe and bank wont frozen it because financial problems.

d1ceplayer

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That's not available currently now at least in a serious way, There are few serious investments mostly in the gambling business but these can also yield no money profit or loss of money so they are not close to banks at that...

fricircled

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Quote from: diodio5 on March 02, 2016, 08:19:29 AM

I really had a dream to create a website bitcoin bank. where my site is like a wallet. but I would have control of the money. so that I can give a loan to someone who borrows money in my bank. the same system as banks in general

Would that be like mult signature features of bitcoin. Only the site operator and the save can manipulate the money?

crossabdd

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Quote from: blackmachinegun on March 01, 2016, 02:25:56 AM

Quote from: crossabdd on March 01, 2016, 02:17:15 AM

Quote from: Blawpaw on February 29, 2016, 11:28:28 PM

Coinbase works similar like a bank but I dont think they offer interests. However, you can loan your bitcoin on bitfinex and gain some interests

coinbase is just only wallet with web based, like xapo, circle, etc.
i think we never need bank for bitcoin, we are the owwner of bank, we can acces our wallet like we have bank. this is why bitcoin very special.

yeah seems Coinbase is a wallet. because we set the full. money we got there.
but I think. for diversity. we also need bitcoin bank. this is very interesting. we save money there and make a profit from the interest

are you sure the bank can surive for long time ? what if the bank collapse and he can't give you any bitcoin Huh

you get interst only 0.2-0.5% permonth and you can lose your bitcoin any time Cheesy

diodio5

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I really had a dream to create a website bitcoin bank. where my site is like a wallet. but I would have control of the money. so that I can give a loan to someone who borrows money in my bank. the same system as banks in general

Topic: Bitcoin Bank??? - page 29. (Read 45646 times)