The sense of BTC is to be decentraliced and to not need a bank.
So its kinda contradictory
Topic: Bitcoin Bank??? - page 39. (Read 45658 times)
Bitcoins means SELF OWN BANK. don't blame the guyfor asking question
english language has it own way of creating confusion.
My dear the term :
Decentralized currency : means without government/financial regulation)s) (SELF Bank) i.e bitcoins,litecoins...ecc while.
Centralized currency : mean's currency with financial/govt regulation or control i.e euro,dollar and other form of currency.
Thanks
english language has it own way of creating confusion.
My dear the term :
Decentralized currency : means without government/financial regulation)s) (SELF Bank) i.e bitcoins,litecoins...ecc while.
Centralized currency : mean's currency with financial/govt regulation or control i.e euro,dollar and other form of currency.
Thanks
What do banks (and financial services firms) do, anyway ?
- store your money in a safe place
- pay you interest on your deposit
- allow you to make a transfer to somebody else
- loan you money
- let you invest in other businesses
with crypto-currencies, you can do all these things without the bank, using an exchange, a wallet service, a p2p lending platform or a crow-funding platform.
- store your money in a safe place
- pay you interest on your deposit
- allow you to make a transfer to somebody else
- loan you money
- let you invest in other businesses
with crypto-currencies, you can do all these things without the bank, using an exchange, a wallet service, a p2p lending platform or a crow-funding platform.
Bank again? Just like the regular currencies need a bank? If we need bank than why we create Bitcoin?
Yup right. Why we need bank. Its a digital money We no need to manage any other organization. We can manage our wallet and Its better than bank You can see the transparent more than bank. Maybe not a traditional bank per se. But a place where you can store bitcoins like a wallet but they pay interest? I mean if coinbase started using bitcoins we store in it to invest and pay interest, would that be considered a bank?
i dont think bitcoin bank is exist.
but there will probably be bitcoin bank in the future. in other words, your wallet is your bank
but there will probably be bitcoin bank in the future. in other words, your wallet is your bank
I don't think there is a legit one out there. Most of them are just low paying ponzis. You're better off loaning it on btcjam or on this forum.
Bank again? Just like the regular currencies need a bank? If we need bank than why we create Bitcoin?
Yup right. Why we need bank. Its a digital money We no need to manage any other organization. We can manage our wallet and Its better than bank You can see the transparent more than bank. 
IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
no,i dont think there is bank like that. bitcoin not yet complex like that,like money or local currency who have national bank.but,lets see 5 year again,bitcoin will have place on formal bank,and maybe become one of big bank on some country.
Have you any bitcoin? I think it your bitcoin bank. And it is solved some problem by it.
I don't think there is a bank that holds bitcoins. There's not need for this either.
I like bitcoin the way it is. It's your responsibility to secure them, I like this better than trusting a bank.
You never know where your money is actually going with a bank.
I like bitcoin the way it is. It's your responsibility to secure them, I like this better than trusting a bank.
You never know where your money is actually going with a bank.
With banks there may be added security in addition to possible interest. Its a trade off i guess
I believe that I can make more profits by holding bitcoins for 1 year than placing my bitcoins in a bank. Plus if it works like a regular bank, I would have to pay a fee to even have an account.
To those of us who have bitcoins in our wallet before inflation we will feel it real quick how our money is growing. We dont need a bank with interest we can see interest now. In just a few weeks it is more than what the banks can give.
I don't think there is a bank that holds bitcoins. There's not need for this either.
I like bitcoin the way it is. It's your responsibility to secure them, I like this better than trusting a bank.
You never know where your money is actually going with a bank.
I like bitcoin the way it is. It's your responsibility to secure them, I like this better than trusting a bank.
You never know where your money is actually going with a bank.
With banks there may be added security in addition to possible interest. Its a trade off i guess
I believe that I can make more profits by holding bitcoins for 1 year than placing my bitcoins in a bank. Plus if it works like a regular bank, I would have to pay a fee to even have an account.
I don't think there is a bank that holds bitcoins. There's not need for this either.
I like bitcoin the way it is. It's your responsibility to secure them, I like this better than trusting a bank.
You never know where your money is actually going with a bank.
I like bitcoin the way it is. It's your responsibility to secure them, I like this better than trusting a bank.
You never know where your money is actually going with a bank.
With banks there may be added security in addition to possible interest. Its a trade off i guess
Here is a little story for you, banks supporters - Hacker Leaks Customer Data After a United Arab Emirates Bank Fails to Pay Ransom:
http://www.wired.com/2015/12/hacker-leaks-customer-data-after-a-united-arab-emirates-bank-fails-to-pay-ransom/
"A hacker who broke into a large bank in the United Arab Emirates made good on his threat to release customer data after the bank refused to pay a bitcoin ransom worth about $3 million.
The bank did not pay so he released that information online. Most of the bank’s customers, however, did not learn that their data had been stolen and published online until the newspaper contacted them."
http://www.wired.com/2015/12/hacker-leaks-customer-data-after-a-united-arab-emirates-bank-fails-to-pay-ransom/
"A hacker who broke into a large bank in the United Arab Emirates made good on his threat to release customer data after the bank refused to pay a bitcoin ransom worth about $3 million.
The bank did not pay so he released that information online. Most of the bank’s customers, however, did not learn that their data had been stolen and published online until the newspaper contacted them."
Well i know that the op is only searching for someplace to get more income ,and banks usually gives some pennies but keep generating more and more daily.
IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
I guess you didn't understand the real nature of bitcoin. With bitcoin you are your own bank. And that's the real beauty of it. If you are looking for a place where you can grow som interests from your coins you surely looking for something like bitlending or BTCjam
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.
this, thisU don't need bank, bitcoin raises in value by its nature, you don't need interest from anyone
but you can not have more bitcoin by simply holding bitcoin, unless in the future they will change the algo to pos or hybrid or something else akin to it
That's true. To get more bitcoin you have to invest or trade your time. However, investing in a bitcoin bank seems like a scam. How can you assure they won't run off with the money?
I would never invest in a damn Bitcoin bank!
Just hold your coins in your cold storage, this is the best Bitcoin bank that you can trust, your own Bitcoin bank! And if you want to have more bitcoins, just work hard and make money and convert them to bitcoins. Simple as that!
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.
this, thisU don't need bank, bitcoin raises in value by its nature, you don't need interest from anyone
but you can not have more bitcoin by simply holding bitcoin, unless in the future they will change the algo to pos or hybrid or something else akin to it
That's true. To get more bitcoin you have to invest or trade your time. However, investing in a bitcoin bank seems like a scam. How can you assure they won't run off with the money?
the same way current bank will not run with your money, i know there were some case, but it's because maybe they went bankrupt or the government there it's very corrupted, i would not give my money in such case
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.
this, thisU don't need bank, bitcoin raises in value by its nature, you don't need interest from anyone
but you can not have more bitcoin by simply holding bitcoin, unless in the future they will change the algo to pos or hybrid or something else akin to it
That's true. To get more bitcoin you have to invest or trade your time. However, investing in a bitcoin bank seems like a scam. How can you assure they won't run off with the money?
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.
this, thisU don't need bank, bitcoin raises in value by its nature, you don't need interest from anyone
but you can not have more bitcoin by simply holding bitcoin, unless in the future they will change the algo to pos or hybrid or something else akin to it
If I want a bank to hold my funds I wouldn't use Bitcoin. That's big paradox. Bitcoin Bank is unnecessary, it's like you have gold but you use your gold to dig stone.
That is not true. digging stones with your gold amount doesn't grow your amount of gold. A bank has interests. Jump to: