There isn't any Bitcoin banks that have what you're currently asking about. It would be pretty cool if it did. There is a user in the Economics Bitcointalk board that was thinking about building a Bitcoin bank with interest rates like that though the whole community decided that it'll be pretty tough to make it happen.
Isn't this what altcoins are used for? Bitcoins are growing with the price rise so it should be pretty much the same thing as what you're asking for.
Topic: Bitcoin Bank??? - page 7. (Read 45646 times)
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.
So I don't this will happen one day.
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.
So I don't this will happen one day.
IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
Reason why I like Bitcoin is because anyone remain to be anonymous, if anyone will start a Bank for Bitcoins, a brick and mortar type of Bank then goodbye to being anonymous since everyone who wishes to open an account maybe asked for documents.
At the moment, I don’t know of a single bitcoin bank that promotes itself as one, however since bitcoin help us to be our own banks then any service that offers wallets to store your bitcoin are in a way a bank with the difference they are not offering interest rates for having your money stored with them.
Bitcoin bank is not a good idea, because that goes directly against principles of bitcoin. Be your own bank, that was first words I saw about bitcoin, don't trust third party to finish what you can do by yourself. Bitcoin bank will exist one day just because some people are not capable to things alone, some people always needs help and that's why there will always be service's that will take money from people for doing simple jobs instead of them.
I agree with you , bitcoin banking is not a good idea, it is just like using the regular bank, if that is so why not just use the bank instead of bitcoin?
We should be bank of our own. Things will not be the same if bitcoin will be bank. Bitcoin is good without a bank.
People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.
Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency
Bitcoin bank is not a good idea, because that goes directly against principles of bitcoin. Be your own bank, that was first words I saw about bitcoin, don't trust third party to finish what you can do by yourself. Bitcoin bank will exist one day just because some people are not capable to things alone, some people always needs help and that's why there will always be service's that will take money from people for doing simple jobs instead of them.
I agree with you , bitcoin banking is not a good idea, it is just like using the regular bank, if that is so why not just use the bank instead of bitcoin?
We should be bank of our own. Things will not be the same if bitcoin will be bank. Bitcoin is good without a bank.
People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.
Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency
People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.
Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency
I don't think so government will ever make it legitimate money. reason is simple if it made legitimate then the policies and procedure will be applied similar to what we have in banks. it will become as a normal currency which we use daily But what is possible i will tell you, more people will start using it as the word is becoming more digital and people are becoming more smart they know which option to choose and how to reap the benefit from the new feature. Finally we will see more member joining btc which is a good sign for the btc world.
I agree with you - the government does not want to take bitcoin. It is afraid of the collapse of its own economy. Money will not go to the treasury. There will be no deductions and taxes on the crypto currency. This negatively affects the economy of the country
People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.
Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency
I don't think so government will ever make it legitimate money. reason is simple if it made legitimate then the policies and procedure will be applied similar to what we have in banks. it will become as a normal currency which we use daily But what is possible i will tell you, more people will start using it as the word is becoming more digital and people are becoming more smart they know which option to choose and how to reap the benefit from the new feature. Finally we will see more member joining btc which is a good sign for the btc world.
People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.
Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency
People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.
Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency
Bitcoin bank is not a good idea, because that goes directly against principles of bitcoin. Be your own bank, that was first words I saw about bitcoin, don't trust third party to finish what you can do by yourself. Bitcoin bank will exist one day just because some people are not capable to things alone, some people always needs help and that's why there will always be service's that will take money from people for doing simple jobs instead of them.
I agree with you , bitcoin banking is not a good idea, it is just like using the regular bank, if that is so why not just use the bank instead of bitcoin?
We should be bank of our own. Things will not be the same if bitcoin will be bank. Bitcoin is good without a bank.
People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.
Yes. They are just hard headed not thinking they can recreate something that can equal bitcoin. But with a lot of supporters they will be having a hard time considering those supporters are the people they should be serving.
The government will be the srrongest asset for they can control the media.
People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.
Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency
Exactly that is a very better future of bitcoin and that popularity that you mentioned would highly be influencing the people in our local area. And with the bitcoin bank equipped of optional transactions that digital currency is recognized to be sustainable monetary source, banking is a very good idea to have with every bitcoin users in different countries because of its strong security.
People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.
Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency
Imagine you buying 100BTC at $1000 and then give it to bank to receive $5000 every month as your interest and even before 1 month is over price rises to $1100 and that right there is $10,000 growth of your initial investment but that won't matter now since you invested your coins in the bank for a fixed interest rate.
No one willing to risk the loss of funds, not you as bitcoin holder that will never give your coins to a bank for a fixed interest rate and not the imaginary bank will do business taking the dollar value of bitcoin and same time allowing you to withdrawal your bitcoins even if you will give them the monthly payments back.
Will you deposit the coins that you bought at $1000 for 6 months to receive 20% yearly interest depending on the market price? if price drops and goes lower than $900 then the entire payout system of the bank should recalculate to pay you less money. but if price jumps to $1500 will they recalculate your monthly payment by increasing it? I don't think so.
Then if you want to just deposit fiat or deposit bitcoin but be treated like fiat then why even bother to deposit with bitcoins at all?
No one willing to risk the loss of funds, not you as bitcoin holder that will never give your coins to a bank for a fixed interest rate and not the imaginary bank will do business taking the dollar value of bitcoin and same time allowing you to withdrawal your bitcoins even if you will give them the monthly payments back.
Will you deposit the coins that you bought at $1000 for 6 months to receive 20% yearly interest depending on the market price? if price drops and goes lower than $900 then the entire payout system of the bank should recalculate to pay you less money. but if price jumps to $1500 will they recalculate your monthly payment by increasing it? I don't think so.
Then if you want to just deposit fiat or deposit bitcoin but be treated like fiat then why even bother to deposit with bitcoins at all?
People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.
People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.
People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.
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