Bitcoin Bank - page 7. | Bitcointalksearch.org

richardsNY

legendary

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Quote from: killgald on May 03, 2017, 05:21:23 PM

It will open a news form of payment for the general people and BTC will gain more knowlege and power in the world. It will owrk like with credit cards an account in BTC to pay anything.

It's already possible to have a credit card-like service combined with Bitcoin. It's called a Bitcoin debit card -- you deposit BTC, and you'll then get the ability to pay basically everywhere in the world. If you have no more coins left, you can't buy anything. It's not based on debt as is the case with credit cards. Major benefit. If you're seriously interested in it, then look for services as BitPay, Xapo, Bit-X. They all offer Bitcoin related debit cards.

Zenithar

hero member

Activity: 504

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Quote from: BluePoppy on May 03, 2017, 04:59:19 PM

Quote from: davout on December 28, 2010, 10:27:18 AM

Yes, a bitcoin bank would make money off of internal transfers transaction fees in my opinion, not on loans, future will tell

A bitcoin bank is an idea that could work, but it doesn't have to be centralized. BTCJam services and similar already exist.

but i do not think that this idea is going to work, because people want to make the banking process more and more say, and i think bitcoin is the only option that can make to more convenient to use bitcoin for both online as well as online purpowes.

Bezobraznike

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Quote from: 00hash01 on May 03, 2017, 12:51:13 AM

Quote from: rickadone on May 02, 2017, 03:22:54 PM

Quote from: Bezobraznike on May 02, 2017, 01:57:30 AM

Quote from: X-ray on April 29, 2017, 10:22:50 PM

Quote from: Bezobraznike on April 29, 2017, 09:40:26 AM

Quote from: wobber on December 28, 2010, 10:10:58 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?

Can you explain me why would we need bitcoin bank? Bitcoin is a digital currency and payment network, why would we pay someone to do easy things for us?
I`m new in all this, but isn`t the point of bitcoin to be alternative to the current system?

We don't need bitcoin bank, Remember the word of being your own bank. And it has given a lot of the meaning for us. We will never need bitcoin bank to keep or money especially crypto is in the grey area which will try to save your bitcoin on bitcoin bank is not a good decision.
They can be turned as scammer anytime.

Yes I`m aware of that, it`s something that I learned first about bitcoin and that`s why I was surprised when I saw this topic. I wanted explanation from the person that created this topic, I saw comments from people that support bitcoin bank idea, what I didn`t saw are valid arguments for that statment, and how that can be good for us users.

Probably the guy who posted this topic, had the idea of that bitcoin is much likely compared to gold because people save it for a long time and wait for the price to go up, and people who have a good amount of money have to option to turn it into gold so it could grow passively, and the only way they can store it is in the vault banks, and I think that is where the bitcoin bank comes from.

Well, I do not think that Bitcoin users will ever agree to Bitcoin banks. But why then change one to another we already have a banking activity for which people want to escape. If you create Bitcoin Bank to Bitcoin will lose all their advantages.

@rickadone Your example doesn`t have sense, I`m reading for a week about ways how to keep bitcoins safe and I already know that for keeping bitcoins on a safe place you

don`t need banks, you can save them on many other ways

.
@00hash01 Bitcoin already have better transaction system, bitcoin already offer wallets where you can keep your coins safe, I still don`t understand what kind of purpose can bitcoin bank have, what can bitcoin bank offer to us?

killgald

full member

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It will open a news form of payment for the general people and BTC will gain more knowlege and power in the world. It will owrk like with credit cards an account in BTC to pay anything.

BluePoppy

newbie

Activity: 57

Merit: 0

Quote from: davout on December 28, 2010, 10:27:18 AM

Yes, a bitcoin bank would make money off of internal transfers transaction fees in my opinion, not on loans, future will tell

A bitcoin bank is an idea that could work, but it doesn't have to be centralized. BTCJam services and similar already exist.

Orion25

full member

Activity: 239

Merit: 250

Quote from: Cherylstar86 on May 03, 2017, 10:15:54 AM

Quote from: Konthol Ngaceng on May 03, 2017, 04:55:50 AM

I think the idea of bitcoin bank would not be good for the development of the bitcoin, we all know that the presence of bitcoin can shift the bank thereby giving the freedom to do anything.

I don't believe that bitcoin bank can be a hindrance of freedom to do anything, because having bitcoin banking can be advantage with bitcoin to be more secured. When we talk about development of bitcoin shouldn't be limited to a certain point that banking system is not connected, because banking exchanges was now happening in the bitcoin economy, and I've observed a lot of profit that everybody has now experienced through cashing out from banks connected from blockchain exchange network.

If Bitcoin acquires a bank, then all users will lose their advantages. If there is an institution that controls the crypto currency, then on the one hand it is good only for the legal plan, all other advantages of Bitcoin users will lose.

Cherylstar86

sr. member

Activity: 1484

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Quote from: Konthol Ngaceng on May 03, 2017, 04:55:50 AM

I think the idea of bitcoin bank would not be good for the development of the bitcoin, we all know that the presence of bitcoin can shift the bank thereby giving the freedom to do anything.

I don't believe that bitcoin bank can be a hindrance of freedom to do anything, because having bitcoin banking can be advantage with bitcoin to be more secured. When we talk about development of bitcoin shouldn't be limited to a certain point that banking system is not connected, because banking exchanges was now happening in the bitcoin economy, and I've observed a lot of profit that everybody has now experienced through cashing out from banks connected from blockchain exchange network.

Konthol Ngaceng

sr. member

Activity: 646

Merit: 252

I think the idea of bitcoin bank would not be good for the development of the bitcoin, we all know that the presence of bitcoin can shift the bank thereby giving the freedom to do anything.

00hash01

member

Activity: 114

Merit: 100

Quote from: rickadone on May 02, 2017, 03:22:54 PM

Quote from: Bezobraznike on May 02, 2017, 01:57:30 AM

Quote from: X-ray on April 29, 2017, 10:22:50 PM

Quote from: Bezobraznike on April 29, 2017, 09:40:26 AM

Quote from: wobber on December 28, 2010, 10:10:58 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?

Can you explain me why would we need bitcoin bank? Bitcoin is a digital currency and payment network, why would we pay someone to do easy things for us?
I`m new in all this, but isn`t the point of bitcoin to be alternative to the current system?

We don't need bitcoin bank, Remember the word of being your own bank. And it has given a lot of the meaning for us. We will never need bitcoin bank to keep or money especially crypto is in the grey area which will try to save your bitcoin on bitcoin bank is not a good decision.
They can be turned as scammer anytime.

Yes I`m aware of that, it`s something that I learned first about bitcoin and that`s why I was surprised when I saw this topic. I wanted explanation from the person that created this topic, I saw comments from people that support bitcoin bank idea, what I didn`t saw are valid arguments for that statment, and how that can be good for us users.

Probably the guy who posted this topic, had the idea of that bitcoin is much likely compared to gold because people save it for a long time and wait for the price to go up, and people who have a good amount of money have to option to turn it into gold so it could grow passively, and the only way they can store it is in the vault banks, and I think that is where the bitcoin bank comes from.

Well, I do not think that Bitcoin users will ever agree to Bitcoin banks. But why then change one to another we already have a banking activity for which people want to escape. If you create Bitcoin Bank to Bitcoin will lose all their advantages.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: Bezobraznike on May 02, 2017, 01:57:30 AM

Quote from: X-ray on April 29, 2017, 10:22:50 PM

Quote from: Bezobraznike on April 29, 2017, 09:40:26 AM

Quote from: wobber on December 28, 2010, 10:10:58 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?

Can you explain me why would we need bitcoin bank? Bitcoin is a digital currency and payment network, why would we pay someone to do easy things for us?
I`m new in all this, but isn`t the point of bitcoin to be alternative to the current system?

We don't need bitcoin bank, Remember the word of being your own bank. And it has given a lot of the meaning for us. We will never need bitcoin bank to keep or money especially crypto is in the grey area which will try to save your bitcoin on bitcoin bank is not a good decision.
They can be turned as scammer anytime.

Yes I`m aware of that, it`s something that I learned first about bitcoin and that`s why I was surprised when I saw this topic. I wanted explanation from the person that created this topic, I saw comments from people that support bitcoin bank idea, what I didn`t saw are valid arguments for that statment, and how that can be good for us users.

Probably the guy who posted this topic, had the idea of that bitcoin is much likely compared to gold because people save it for a long time and wait for the price to go up, and people who have a good amount of money have to option to turn it into gold so it could grow passively, and the only way they can store it is in the vault banks, and I think that is where the bitcoin bank comes from.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: X-ray on April 29, 2017, 10:22:50 PM

Quote from: Bezobraznike on April 29, 2017, 09:40:26 AM

Quote from: wobber on December 28, 2010, 10:10:58 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?

Can you explain me why would we need bitcoin bank? Bitcoin is a digital currency and payment network, why would we pay someone to do easy things for us?
I`m new in all this, but isn`t the point of bitcoin to be alternative to the current system?

We don't need bitcoin bank, Remember the word of being your own bank. And it has given a lot of the meaning for us. We will never need bitcoin bank to keep or money especially crypto is in the grey area which will try to save your bitcoin on bitcoin bank is not a good decision.
They can be turned as scammer anytime.

Yes I`m aware of that, it`s something that I learned first about bitcoin and that`s why I was surprised when I saw this topic. I wanted explanation from the person that created this topic, I saw comments from people that support bitcoin bank idea, what I didn`t saw are valid arguments for that statment, and how that can be good for us users.

Hypnosis00

sr. member

Activity: 2338

Merit: 338

I think this bitcoin bank is not a good idea for bitcoin because this can lead for centralization of bitcoin and the owner of the banks can control the bitcoins supply because banks means storage and if people will store their bitcoin to the banks then it will have a lot of bitcoins there and the owner can take advantage of that and use it to make profits.

Reid

hero member

Activity: 2870

Merit: 642

Quote from: lovesybitz on April 30, 2017, 01:13:21 PM

Quote from: wobber on December 28, 2010, 10:10:58 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?

As far as I know, we are the bank of our own bitcoin savings. And if there is someone will establish a bank, I won't entertain their
services anyway, because most bank I mean all banks are regulated industry and while bitcoin was not.

You mean if someone created a bitcoin bank.
I have the same idea that it will not work even if they put interest in it.
Not now, maybe someday if all bitcoin are mined.
As of now we are a growing industrt and that means a high profit also in demands that will increase the value.
Those who will be creating a bank will just profit for themselves. I dont even think they will be different with a website wallet. That is almost the bank of bitcoin.

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: lovesybitz on April 30, 2017, 01:13:21 PM

Quote from: wobber on December 28, 2010, 10:10:58 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?

As far as I know, we are the bank of our own bitcoin savings. And if there is someone will establish a bank, I won't entertain their
services anyway, because most bank I mean all banks are regulated industry and while bitcoin was not.

yes lovesybitz, we are our banks. You wallet is your bank account and you can have online and private wallet on your computer. What this means is that as bitcoin holders you can send, save and used your bitcoin with being control by any group of people and countries or financial system and regulations. Bitcoin is decentralized and that makes it different from other money system.

lovesybitz

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Quote from: wobber on December 28, 2010, 10:10:58 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?

As far as I know, we are the bank of our own bitcoin savings. And if there is someone will establish a bank, I won't entertain their
services anyway, because most bank I mean all banks are regulated industry and while bitcoin was not.

X-ray

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Activity: 2800

Merit: 520

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Quote from: Bezobraznike on April 29, 2017, 09:40:26 AM

Quote from: wobber on December 28, 2010, 10:10:58 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?

Can you explain me why would we need bitcoin bank? Bitcoin is a digital currency and payment network, why would we pay someone to do easy things for us?
I`m new in all this, but isn`t the point of bitcoin to be alternative to the current system?

We don't need bitcoin bank, Remember the word of being your own bank. And it has given a lot of the meaning for us. We will never need bitcoin bank to keep or money especially crypto is in the grey area which will try to save your bitcoin on bitcoin bank is not a good decision.
They can be turned as scammer anytime.

Apened

hero member

Activity: 1386

Merit: 504

Quote from: Wintersoldier on April 29, 2017, 11:00:58 AM

Quote from: Cryptoman on December 28, 2010, 11:45:13 AM

Quote from: wobber on December 28, 2010, 10:10:58 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?

Many people seem to be worried about losing their wallets, so I could see a bank as a trusted party to store bitcoins. They could also offer escrow services for people who wanted to enter into a transaction but did not trust each other. The beauty of starting a bank is that you don't need anyone's permission. Grin

I like the concept of orginizing a systematical bank that can manage bitcoin. But if we will dig deeper on the thing of legality of bitcoin is not rechable because its transaction is not visualized to reach by goverment. But if it will be a banking system like bitcoin which is not manipulated by government it is good for the users to not have a corruption on it. And wallet may be also need on it because wallet can serve as a tube of transaction between the users and bank.

Thats imposible to built a bitcoins bank without any law of the government .
We have a local wallet in my country and it is built with the laws of government which you can use to exchanges and cashout on that wallet with banks but it have a fees.

aTriz

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Tontogether | Save Smart & Win Big

I dont think that the idea of "Bitcoin Bank" is good, just because of one simple reason:
Banks are made to make the society poorer.

They do not help us to become wealthy. Indeed, they have a wide offer, for example we can have a money placement in bank, which will provide us an interest equal to somewhere between 3 and 5 percent every year.
That looks like an opportunity, but we all know that it is a good solution only for somebody who owns a big amount of cash, in such a situation it is really worth it.

But even with 50,000 $, you won't earn a lot thanks to that, even 5 % every year would be just 2500 USD every year!

Wintersoldier

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Activity: 966

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Quote from: Cryptoman on December 28, 2010, 11:45:13 AM

Quote from: wobber on December 28, 2010, 10:10:58 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?

Many people seem to be worried about losing their wallets, so I could see a bank as a trusted party to store bitcoins. They could also offer escrow services for people who wanted to enter into a transaction but did not trust each other. The beauty of starting a bank is that you don't need anyone's permission. Grin

I like the concept of orginizing a systematical bank that can manage bitcoin. But if we will dig deeper on the thing of legality of bitcoin is not rechable because its transaction is not visualized to reach by goverment. But if it will be a banking system like bitcoin which is not manipulated by government it is good for the users to not have a corruption on it. And wallet may be also need on it because wallet can serve as a tube of transaction between the users and bank.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: wobber on December 28, 2010, 10:10:58 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?

Can you explain me why would we need bitcoin bank? Bitcoin is a digital currency and payment network, why would we pay someone to do easy things for us?
I`m new in all this, but isn`t the point of bitcoin to be alternative to the current system?

Topic: Bitcoin Bank - page 7. (Read 41207 times)