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Topic: Bitcoin Bank??? - page 30. (Read 45646 times)

legendary
Activity: 3234
Merit: 1214
DGbet.fun - Crypto Sportsbook
March 01, 2016, 05:47:09 AM
When there is a bank for Bitcoin other than the wallet, surely there arise a issue on control. Such scenario  should never take place. Now with the Bitcoins within the wallet itself giving the difference in value as we invest it.
hero member
Activity: 518
Merit: 500
March 01, 2016, 05:40:01 AM
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.
That was what I talking about, decentralized means like we are the owner of bank.
Not needed third party to confirm where the funds come from, where the funds would to send etc.
It's powered by ourselves. Bitcoin bank are really not necessary.
full member
Activity: 491
Merit: 105
March 01, 2016, 04:19:10 AM
I understand the concept you are taking about but no site I know of offers interest guaranteed in a serious way, There are just obvious HYIP's, No actual banks though.
member
Activity: 93
Merit: 10
March 01, 2016, 04:13:49 AM
A bitcoin bank will be very bad because than it gets more controllable and that is very bad because we want to control our own money right, I think its better do hold it like this without a bitcoin bank otherwise it also getting less more secure if you ask me.

My conclusion is that if there comes a bank it will destroy the bitcoin.


I think Coinbase is more or less like a bank and include many functions in one place. This is the type of services bitcoiners are looking for.
sr. member
Activity: 322
Merit: 250
March 01, 2016, 04:09:47 AM
A bitcoin bank will be very bad because than it gets more controllable and that is very bad because we want to control our own money right, I think its better do hold it like this without a bitcoin bank otherwise it also getting less more secure if you ask me.

My conclusion is that if there comes a bank it will destroy the bitcoin.

sr. member
Activity: 448
Merit: 250
March 01, 2016, 04:05:33 AM
Bitcoin bank is very good. For those people who use Bitcoin it is very good. Many people must know what Bitcoin is.
And I hope that more people will get to know about Bitcoin. So that must change and we must Bitcoin more popular.
member
Activity: 84
Merit: 10
March 01, 2016, 03:06:00 AM
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 not always like that. Bitcoiners are always looking for high yield investment and can tolerate high level risk for the high profits.
member
Activity: 78
Merit: 10
March 01, 2016, 02:28:36 AM
I don't think there are any Bitcoin wallets currently that work not only as a payment processor but offer interest rates on top of holding your coins.
legendary
Activity: 2170
Merit: 1427
March 01, 2016, 02:27:42 AM
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.
hero member
Activity: 532
Merit: 500
March 01, 2016, 02:25:56 AM
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
legendary
Activity: 1316
Merit: 1145
March 01, 2016, 02:17:15 AM
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.
newbie
Activity: 28
Merit: 0
March 01, 2016, 01:34:16 AM
I'd love to cash my bc into dollars if they offer far better exchange rate.  Wink
sr. member
Activity: 378
Merit: 250
March 01, 2016, 01:17:56 AM
Bitcoin was made as a new currency and to avoid banks. Your Bitcoin wallet is pretty much your bank except you don't earn any interest from it.
sr. member
Activity: 518
Merit: 254
★YoBit.Net★ 350+ Coins Exchange & Dice
March 01, 2016, 01:14:25 AM
But the interest will be very low if they're going to have one which can easily be achieved if you placed your BTC elsewhere. Will the anonymity be removed, that is a no.
legendary
Activity: 1218
Merit: 1007
March 01, 2016, 01:01:43 AM
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

no they don't provide any interest. they are just an online wallet that you don't have the private keys.

and to my knowledge there is no place that is trustworthy as much as for example CoinBase that acts as bitcoin bank with interests.
there was this one exchanger called bter.com which did this and paid interest on deposits but it went under awhile back and robbed people
Every place that acts as a bank will go under eventually in this system, there is basically no way for a Bitcoin bank to earn money and maintain the integrity of everyone's deposits at the same time. Bitcoin requires people to work or mine for their own slice of the pie, and there is basically no way to work around it.
legendary
Activity: 1946
Merit: 1137
March 01, 2016, 12:52:14 AM
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

no they don't provide any interest. they are just an online wallet that you don't have the private keys.

and to my knowledge there is no place that is trustworthy as much as for example CoinBase that acts as bitcoin bank with interests.
there was this one exchanger called bter.com which did this and paid interest on deposits but it went under awhile back and robbed people
hero member
Activity: 1190
Merit: 500
March 01, 2016, 12:35:24 AM
bitcoin bank is quite possible. but we should be able to trust who manage it. with bitcoin bank system and we saved all there service provider (bank).
most people are greedy. when they hold more than 10k bitcoin from customers. I am not sure they stay afloat
legendary
Activity: 1596
Merit: 1027
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
hero member
Activity: 518
Merit: 500
February 29, 2016, 11:26:17 PM
Bank again? Just like the regular currencies need a bank? If we need bank than why we create Bitcoin?
we need bank for bitcoins so we can regulate it..
lol the thing make bitcoin special and different than any other currency , bitcoin is decentralized p2p payment means powered by its users , noone can regulate it.
it woouldn't work if you trying to regulate bitcoin by created bank for bitcoin.
member
Activity: 84
Merit: 10
February 29, 2016, 11:08:28 PM
Bank again? Just like the regular currencies need a bank? If we need bank than why we create Bitcoin?
we need bank for bitcoins so we can regulate it..
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