Topic: Bitcoin Bank??? - page 44. (Read 45646 times)

This question is not expected from a hero member.

Bitcoin is a decentralized currency. Why do you need a bank for it?

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.

Unfortunately, no. The closest I can think of is Vircurex which pays interest on the deposits. It isn't secure since they are in full control of your Bitcoin. A bank basically uses your funds to loan to others for interest and in turns pays the interest to the bank account. It is not possible with Bitcoin since it is very hard to verify the legitimacy of the information provided.

Because that's what most people are used to, fiat currency.

I don't think Bitcoin banks exists and I don't think there's a need for it either, mainly because if it were to turn into a bank, it would destroy the main concept of Bitcoin.

I doubt that there will ever be a bank for bitcoin. With all the scams going around, people are very sceptical about what they invest in. A big company would have to do it before anyone would trust them.

I don't think that there is a bitcoin bank in the world yet. I doubt that there ever will be. If there ever is a bitcoin bank, I think people will love it. They will be able to get interest on their coins. I guess that you could say that your bitcoin wallet is sort of a bank,  in a way,  as it stores your coins like a bank.

A typical one (like the other commercial banks which are actually in activity) don't exist. But there are various sites which serve as "little online commercial banks" or offer such kind (or the main) services of the just saying. So you can find, for example, in web several sites which lend bitcoin. This is one of the most important services offer from a commercial traditional bank. Then there are other sites which do even more; offer a place when can be met they who need bitcoin with them who want to earn from their bitcoins. This is practically the essence of the work of a normal commercial bank (one of those which will all know). A normal bank which work with normal money take money from them who want to earn from those and give them interests for the time the bank hold their money. On the other hand, the bank give that money to them who need money for doing something and are ready to give interest for the taken money. For sure you know this. But i wanted to mentioned here the above only to compare it with the below example.

The same thing but in bitcoin make even btcjam (an online site). In this site are listed the projects who need bitcoins and the interests (always in bitcoin) that the owners of those are ready to give for everyone of these to whom will give bitcoin to their project. But attention: it is one thing a traditional bank and it is another thing btcjam (or other online sites similar with it). May be (i don't know if) very away regarding the security of the money/btc given. With the normal bank everything is almost 100% sure. With btcjam (or the other ones similar with it) I am not able to give percentage. There are not data to measure it.

There is no bitcoin bank like the traditional ones. However, you can save some bitcoin into several companies to earn some interest. But that is not regulated. So your deposits are not insured.

why people always want to turn bitcoin into fiat, fiat is garbage, you should get rid of it, the whole system is rotten beyond repair

the interest in bitcoin, is earned via bitcoin itself, when the price increase, there is no need fo a mere interest like those of 55 per eyar from bank, you cand download a random good pos coin, and have  a better interest per year, up to 50%

I don't think this would happen. Putting bitcoin into a long-term growth fund and gaining interest on per said bitcoin? I can't understand how you would possibly earn interest on bitcoin with bitcoin since it is pretty limited. I thought the whole point was to keep bitcoin decentralized and not trust it with anyone else. 

What a nonsense  

Bankers are obsolete. Also notaries and all kinds of blood sucking, little, middle men will fulfill the list ...

After denying phase is over I can hear them tremble now while looking to patent the blockchain.

These days one need to provide real, meaningful good or services.  

Owning the private key means we are the bank. We should keep most of our coins in our own controlled bitcoin address. Many bitcoin related services are all centralized companies. We could try for our benefits.

Despite My rank I am just a normal human being which is impossible to know everything going on in this world
but that is the purpose of this forum, so we all can gain more knowledge about Bitcoin

with all due respect, I think it is wise to review your words before you post it, your sentence about I bought this account I found it provocative offending and insulting
i feel like my reputation become bad due to your false accusation

and for your answer about exchanger : exchanger doesnt provide any interest

Not really a bank, but you could store your bitcoins on bitfinex and lend them out in the swap markets, this will earn you some interest on your bitcoins.

Not a real bank but there are couple of services and exchanges which provide interest. Up to 17% a year AFAIK.

If you like you can put your coins to the exchange sites, some what deposit if there, you're already a Hero you should know.  Unless of course this account was sold and you bought it.

Think about this! A currency where people believe that this thing will solve the problem with your money in Bank, suddenly has its own Bank.
This is not even make sense at all

haobtc.com offer a higher than market rate interest payment working out to be i think 6% per year. Not bad if you got a nice amount of savings tucked away. But then bitcoin volatility oh bitcoin.

It seems a bit senseless to look for a centralized financial institution to manage our bitcoins, because skipping this centralization and monopoly of banks was precisely one of the main motivations to rise this digital currency. Additionally, the ridiculous rates paid by banks for your deposits are really useless.

Its stupid idea. Bitcoin was created to be decenteralized and avoid banks. Not to create new banks.

One of bitcoins characteristic is that it is decentralized meaning it doesn't need a bank. It is why people has started adopting to bitcoin because of this feature.