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Topic: Bitcoin Bank - page 3. (Read 41207 times)

hero member
Activity: 952
Merit: 503
January 09, 2018, 07:13:17 AM
Did anyone think at this? How would a bank work? How could you loan bitcoins and get interest for them in an economy with just 21 milion BTC limit?
I dont think someone would make it considering a huge gamble toward the future loaners and this may not be in trend cause we have so many banks in the world. It would be so much risky to start with and for a 21 million BTC to be loaned? Why you must lend it to someone if you can save it for yourself and still profit.
What I’m thinking is— with this volatile price, how is the bank (if ever there would be) going to carry out the loans and interests stuffs?. I don’t know how to say this but I’m very confused on this. But, I don’t think this is actually going to work, it’s just not possible, and bank is not dealing with crypto.
legendary
Activity: 2828
Merit: 6108
Blackjack.fun
January 05, 2018, 04:09:42 AM
Good idea if there is a bitcoin bank where we can borrow or save bitcoin and have official protection from government without need to cheated.
It will be great revolution in bitcoin and will make bitcoin secure and high in demand and all people who are now using bitcoin will trust bitcoin and they will invest in bitcoin at this stage of life. Today almost all people are trusting bitcoin more than any other bank and money storing service so it is main reason why bitcoin bank won’t be popular because of bitcoin wallets that are available now.

When I wake up and read statements like this I have the urge to go back to sleep.
Even if I had a nightmare, even if it means being late to work ....everything is better than this.

So we need a bank to keep our bitcoins safe.
Because banks can' t be hacked right?
Banks can't start freezing your account.
Banks can't be ordered by the government to take whatever you own over 100k euros like they did in Cyprus.

Let's all get drunk and stupid and deposit our bitcoin in a bank.
What could go wrong? Apart from everything?!?!?
full member
Activity: 168
Merit: 100
reading.......
January 05, 2018, 04:07:04 AM
Did anyone think at this? How would a bank work? How could you loan bitcoins and get interest for them in an economy with just 21 milion BTC limit?
I dont think someone would make it considering a huge gamble toward the future loaners and this may not be in trend cause we have so many banks in the world. It would be so much risky to start with and for a 21 million BTC to be loaned? Why you must lend it to someone if you can save it for yourself and still profit.
full member
Activity: 714
Merit: 102
January 05, 2018, 03:53:47 AM
I am also actually confused with the future of bitcoin, because of the limited number of bitcoins will bitcoin develop?
sr. member
Activity: 574
Merit: 256
January 05, 2018, 03:45:58 AM
Good idea if there is a bitcoin bank where we can borrow or save bitcoin and have official protection from government without need to cheated.
It will be great revolution in bitcoin and will make bitcoin secure and high in demand and all people who are now using bitcoin will trust bitcoin and they will invest in bitcoin at this stage of life. Today almost all people are trusting bitcoin more than any other bank and money storing service so it is main reason why bitcoin bank won’t be popular because of bitcoin wallets that are available now.
sr. member
Activity: 1162
Merit: 251
December 29, 2017, 10:43:37 AM
Bitcoin bank, i think is a great idea, because as far as i know having a banks it has rules and regulations and i think it is more secure than having Bitcoin wallets to store our coins. In this kind of world, where innovations and changes with the aid of technolgy, it is very possible to happen to have Bitcoin bank. And when that time comes, im sure Bitcoin is already totally accepted in the community
I think it does not matter if the bank owner is a trusted person like the government, but you know that bitcoin bank could have been made by a third party who might have absolutely no security for sure? I myself not concerned about bank bitcoin idea, but you should know that bitcoin banks will make decentralized and anonymous of bitcoin lost, and I prefer using wallets rather than bitcoin banks,,
full member
Activity: 168
Merit: 101
December 29, 2017, 09:38:25 AM
Did anyone think at this? How would a bank work? How could you loan bitcoins and get interest for them in an economy with just 21 milion BTC limit?

Ripple do have some resembling feature as you stated here. But the question is IF such bank is formed....Who will be Administrating/manage this bank? Being decentralized nobody can control or regulate BTC transactions, So if there is no control there is to guarantee of re[payment of loans.
Yeah I think ripple is associating with some of the banks and that's why lts price is going high day by day.
There's no bitcoin banks for now, perhaps in future when the number of bitcoin in circulation is huge. Now I thinking only bitcoins bank we have is our Bitcoin wallets, where you store and save your bitcoins.
newbie
Activity: 52
Merit: 0
December 29, 2017, 09:35:26 AM
Good idea if there is a bitcoin bank where we can borrow or save bitcoin and have official protection from government without need to cheated.
full member
Activity: 182
Merit: 102
December 29, 2017, 09:17:15 AM
Bitcoin bank, i think is a great idea, because as far as i know having a banks it has rules and regulations and i think it is more secure than having Bitcoin wallets to store our coins. In this kind of world, where innovations and changes with the aid of technolgy, it is very possible to happen to have Bitcoin bank. And when that time comes, im sure Bitcoin is already totally accepted in the community
newbie
Activity: 126
Merit: 0
December 29, 2017, 08:41:39 AM
I`ve already written about it, guys from freezone.one will establish Fiat Crypto Bank, it`s not only for BTC but I think it could be interesting for u too.
full member
Activity: 268
Merit: 100
World's First Chain Balancing Token (CBT)
December 29, 2017, 08:27:00 AM
It is so easy. A company may invent using smart contract that can serve as bank - like our bank today but using Bitcoin. With smart contract everything is possible and everything will be so easy. No need for third party to process your application. Everything will be computerized and done thru internet.
sr. member
Activity: 546
Merit: 258
I could either watch it happen or be a part of it
October 19, 2017, 04:38:18 PM
I dont think there will be a need for banks for bitcoin. We can keep it safely in our wallet and if we want to invest, no need banks. Transactions are done with out the help or connection with  banks.

In my opinion bitcoin platform is the largest bank in existence without a real owner. What I mean is its not the bank that we think, like (the world bank) where they manage the accounts and they have the money, the platform of bitcoin is decentralized yet we have the trust to put our wealth in this system and true no need banks if you want to have a real investments because things that go on tax is not really yours.
Please read and understand the picture :


Credits: Google
member
Activity: 108
Merit: 10
October 19, 2017, 04:21:01 PM
We're running away from the common institutions like banks just to make another bank in BTC area? No, strongly disagree with you
sr. member
Activity: 756
Merit: 250
October 19, 2017, 03:33:29 PM
Did anyone think at this? How would a bank work? How could you loan bitcoins and get interest for them in an economy with just 21 milion BTC limit?

Ripple do have some resembling feature as you stated here. But the question is IF such bank is formed....Who will be Administrating/manage this bank? Being decentralized nobody can control or regulate BTC transactions, So if there is no control there is to guarantee of re[payment of loans.
It seems to me that if Bitcoin Bank is created, each user will hold very strong control and this will completely affect all the advantages of the crypto currency. To date, the authorities and governments of countries in which Bitcoin is legalized can act in the same way, or they are already acting in this direction. But how will one bank differ from the existing banking system.
sr. member
Activity: 518
Merit: 257
October 19, 2017, 03:26:00 PM
Did anyone think at this? How would a bank work? How could you loan bitcoins and get interest for them in an economy with just 21 milion BTC limit?

Ripple do have some resembling feature as you stated here. But the question is IF such bank is formed....Who will be Administrating/manage this bank? Being decentralized nobody can control or regulate BTC transactions, So if there is no control there is to guarantee of re[payment of loans.
hero member
Activity: 840
Merit: 516
October 19, 2017, 03:49:49 AM
This is just a garbage! just imagine it a little bit, it would a completely dissaster! banks are just the opposites than bitcoin, and all the banks have been tried to avoid bitcoin at all costs, so it is not possible to happen, and just a bank of bitcoin, i dont know, i can not imagine how it will works or for what purposes it might be created.
Bitcoin is not centralized, and if you create a bank, this is just the opposite of why it has been created for..

Problem banks bitcoin is not only that it is a decentralized currency. The existing banking system may not be applicable to cryptocurrencies. It is completely adapted under Fiat. Banks can only organize the transit of cryptocurrency but it will not be interesting to users because the banks do not trust and all information about users will be available to the government.
Who need banks if bitcoin is available and legalized in the region banks keep profit to themselves and simply return the original amount of investor and on the other hand bitcoin is just delivering all the profit to the investor and in future when cash will be none of use then banks will think to upgrade their system and they will start accepting bitcoin and that will be great.
hero member
Activity: 672
Merit: 500
October 16, 2017, 05:41:06 PM
I strongly agree if the bitcoin bank, lend to bitcoin with a fairly low interest even lead.
Bitcoin bank will be really a very good thing it will make the lives of the owners of bitcoin much easier. The only thing which will decide this thing is the legalization of the bitcoin by the government. Only then it is possible to see any bitcoin bank in any country of this world. There is no way that there will be any bitcoin bank without the approval of government.
full member
Activity: 826
Merit: 111
October 16, 2017, 11:41:32 AM
Why should we have a bank. Without bank, bitcoin is well secured in systems. All transactions are much faster. The transaction fees are very low. Every one has wallet, so its much safer at hand than bank.
full member
Activity: 448
Merit: 103
October 16, 2017, 11:33:11 AM
even if there will be a bank i will not let my bitcoin be on them ! why ? bitcoin is very cool on its way now! you can access in jusst a click you can sell if you think it will dump and buyy as many as you can if yoou know it will pump ! if there will be a bank it will be look as FIAT, bank will control it !
member
Activity: 140
Merit: 10
October 16, 2017, 11:30:40 AM
Isn't bitcoin here to end the dominancy of banks? I think that a bad idea. :|
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