Topic: Bitcoin Bank??? - page 33. (Read 45646 times)
I thinks Bitcoins does not need any bank because it has the facilities of keeping our own money in our laptop, mobile through the block chain digital wallet.
bitcoin wallet itself can be considered as bank.
and people use bitcoin for anonymity.
and people use bitcoin for anonymity.
Can you borrow bitcoin from you? If I borrow the bitcoin from you to buy a house, will you lend me the money?
I heard there's one here at Philippines , Makati . But I really don't know if its true since I didn't see for myself. I even wonder how it works..
bitcoin wallet itself can be considered as bank.
and people use bitcoin for anonymity.
and people use bitcoin for anonymity.
I don't think people with hundreds or thousands of bitcoins trust themselves to keep it safe.
a bitcoin bank would be very stupid to use because a bitcoin bank will control everything than.
Bitcoin is for the opposite, not for interest and all that kind of stuff.
yes, I think bitcoin bank need not be made because there are so many bitcoin wallets to collect bitcoin. And that I think we can save bitcoin properly increase the level of safety. Bitcoin is for the opposite, not for interest and all that kind of stuff.
This sugestion is more about generate income with bitcoins,then the centralized banks system to control bitcoin,several people would invest at a bank of bitcoin,as they generate an income without they have to do nothing,and well there would be some paper if bank loose your money they must repay ,things that at exchanges we cant get easy,but well may happen and sucess but i believe it will fail.
a bitcoin bank would be very stupid to use because a bitcoin bank will control everything than.
Bitcoin is for the opposite, not for interest and all that kind of stuff.
Bitcoin is for the opposite, not for interest and all that kind of stuff.
^^^
when bitcoin was introduced one of the main purposes was to get rid of the banks, bitcoin gave us the ability to do it all ourselves without centralization.
so if you want to save up do it on your own in a cold storage and if you want to borrow do it P2P.
when bitcoin was introduced one of the main purposes was to get rid of the banks, bitcoin gave us the ability to do it all ourselves without centralization.
so if you want to save up do it on your own in a cold storage and if you want to borrow do it P2P.
Looks like bitcoin made not to get rid of the bank and I'm sure that's not the reason.
Perhaps to facilitate transactions in the digital age it is one made by my bitcoin.
I don't really understand what you're getting at. People that use bitcoin probably wouldn't want a bitcoin bank because it destroys the decentralized nature of bitcoin. And also if you have your own wallet and address, you can be your own bank.
Exactly! We don't need no banks for Bitcoin we already have enough of them for fiat. Since Bitcoin goes up with time (in long-term anyway it does) just holding your coins is much better than putting your fiat in a bank.
^^^
when bitcoin was introduced one of the main purposes was to get rid of the banks
No, it wasn't. It was to create "A Peer-to-Peer Electronic Cash System." https://bitcoin.org/bitcoin.pdfwhen bitcoin was introduced one of the main purposes was to get rid of the banks
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...bitcoin gave us the ability to do it all ourselves without centralization.
so if you want to save up do it on your own in a cold storage and if you want to borrow do it P2P.
Nothing preventing you from crowdfunding your new home purchase with fiat money, today. Try it and see how it goes.so if you want to save up do it on your own in a cold storage and if you want to borrow do it P2P.
I, myself, am not going to lend you 1BTC to have it paid back in 20 years, and here's why:
You most likely will pull a runner, because, if BTC price keeps rising at the current rate, you'd owe me ~$100,000 in 20 years, same as you will owe to the other suckers who lent you 1BTC each.
^^^
when bitcoin was introduced one of the main purposes was to get rid of the banks, bitcoin gave us the ability to do it all ourselves without centralization.
so if you want to save up do it on your own in a cold storage and if you want to borrow do it P2P.
when bitcoin was introduced one of the main purposes was to get rid of the banks, bitcoin gave us the ability to do it all ourselves without centralization.
so if you want to save up do it on your own in a cold storage and if you want to borrow do it P2P.
A bitcoin bank would be very stupid, the bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.
Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be goodIf there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.
I hope you can buy a house without using a bank. You can borrow money from the people you know. I have to use a "bank".
Now more and more companies emerge to let people invest in other people project. Crowdfunding could be the future especially thanks to bitcoin!
Those companies, the ones capable of orchestrating crowd-funding at sufficient level & with sufficient speed? And isolate the lenders from the risk of runners? You know what they'll be called? Banks.
No. In banks you have 0 control over on what you invest 0 control on where your money goes and 0 insurance that the money will come back.
What is FDIC?
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In fact at the moment you make a deposit you have nothing but a bank credit.
What does that even mean?
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Companies like Kickstarter would totally be able to do that and there would be no link to a bank. Just a way for you to invest money THE AMOUNT YOU WANT TO INVEST and nothing more.
"Kickstarter applies a 5% fee on the total amount of the funds raised.[28] Their payments processor applies an additional 3–5% fee." In exchange, you have no legal standing if you get *nothing* for your investment (even when the project succeeds).
Number of home purchases financed by Kickstarter: 0 (zero).
We need a "bank", it will be no different from the conventional banks in that it can let us save and borrow bitcoin.
The wallet itself acts as a bank, In future we can see much advanced banks in the entire world than the present banks which is gonna adopt the technology running behind bitcoin.
There really is no reason to have a Bitcoin bank. It's a new technology still under development. In the future, when the applications of Bitcoin start to really take off, the banking system may collapse.
A bitcoin bank would not be smart, the bitcoin has been become big because it has no bank.
Also if there comes a bank its much more traceable and that would be very wrong.
There really is no reason to have a Bitcoin bank. It's a new technology still under development. In the future, when the applications of Bitcoin start to really take off, the banking system may collapse.
A bitcoin bank would be very stupid, the bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.
Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be goodIf there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.
I hope you can buy a house without using a bank. You can borrow money from the people you know. I have to use a "bank".
Now more and more companies emerge to let people invest in other people project. Crowdfunding could be the future especially thanks to bitcoin!
Those companies, the ones capable of orchestrating crowd-funding at sufficient level & with sufficient speed? And isolate the lenders from the risk of runners? You know what they'll be called? Banks.
No. In banks you have 0 control over on what you invest 0 control on where your money goes and 0 insurance that the money will come back.
What is FDIC?
Quote
In fact at the moment you make a deposit you have nothing but a bank credit.
What does that even mean?
Quote
Companies like Kickstarter would totally be able to do that and there would be no link to a bank. Just a way for you to invest money THE AMOUNT YOU WANT TO INVEST and nothing more.
"Kickstarter applies a 5% fee on the total amount of the funds raised.[28] Their payments processor applies an additional 3–5% fee." In exchange, you have no legal standing if you get *nothing* for your investment (even when the project succeeds).
Number of home purchases financed by Kickstarter: 0 (zero).
A bitcoin bank would be very stupid, the bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.
Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be goodIf there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.
I hope you can buy a house without using a bank. You can borrow money from the people you know. I have to use a "bank".
Now more and more companies emerge to let people invest in other people project. Crowdfunding could be the future especially thanks to bitcoin!
Those companies, the ones capable of orchestrating crowd-funding at sufficient level & with sufficient speed? And isolate the lenders from the risk of runners? You know what they'll be called? Banks.
No. In banks you have 0 control over on what you invest 0 control on where your money goes and 0 insurance that the money will come back. In fact at the moment you make a deposit you have nothing but a bank credit.
Companies like Kickstarter would totally be able to do that and there would be no link to a bank. Just a way for you to invest money THE AMOUNT YOU WANT TO INVEST and nothing more.
A bitcoin bank would be very stupid, the bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.
Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be goodIf there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.
I hope you can buy a house without using a bank. You can borrow money from the people you know. I have to use a "bank".
Now more and more companies emerge to let people invest in other people project. Crowdfunding could be the future especially thanks to bitcoin!
Those companies, the ones capable of orchestrating crowd-funding at sufficient level & with sufficient speed? And isolate the lenders from the risk of runners? You know what they'll be called? Banks.
A bitcoin bank would be very stupid, the bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.
Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be goodIf there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.
I hope you can buy a house without using a bank. You can borrow money from the people you know. I have to use a "bank".
Now more and more companies emerge to let people invest in other people project. Crowdfunding could be the future especially thanks to bitcoin!
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