Topic: Bitcoin bank? - page 2. (Read 5247 times)

I never wrote that this project should behave as classical bank.
Reffering to your argument about fractional lending, Yes there is no possibility to lend coins that are not in possesion of bank, that should be considered as large advantade, shouldnt it?

Of course bank as typical capital market instrument cannot be applied, whole discussion above was started becouse i was curious about ideas about creating something similar to banks that are known today.

Banks as capital market instruments hold savings and cash of its customers with providing benefits such as interest etc (fee for investing customers deposits) - bitcoin bank should hold bitcoins on behalf of customers and also provide some interest for same reason.

Bank invests and provide loans - bitcoin bank should do the same, but in much lower volume as  they can lend only what they have, and credit risk is much higher considering anonymity.

Bank secure deposits - bitcoin bank should too.

Bank can secure savings against inflation - bitcoin fluctuation is high, but it is possible.

There is some of major functions of bank above, and i think that same services could be provided in bitcoin environment without any difficulties.

Bitcoin is new, and it still isnt wide spread, lets make another step towards general public.
Older and less educated people dont trust it, and general public will accept it more if they will have something trustworthy to start at such as bank.

If you lend twice or three times your reserves it is very conservative and could be OK with some customers but the problem in western economies is that they lend much more and customers don't care because of the government (kind of fake) guarantee on deposits.

Solution: Full-reserve banking.

How?

Check my signature.

OK. I'll not advertise my project any more. This was the last.

I just don't see how this can happen with BTC.  Banks lend more than they have, calling it fractional reserve banking.

How do you lend 2btc when you only have 1?

Its why BTC is so great.

-Bitcoins are sent instantly but the confirmation takes in average 10min
-You can send without a fee and still have good odds of your transaction being confirmed fast
-Exchanges are kind of safe if you use them for a portion of your btc and you don't keep btc stored. coinbase is safe, locabitcoins too
-...

You can send Bitcoins instantly from one countrie to another countrie.

Yes there are fees, but you must not send your transaction with a fee.

In your dreams?

It's funny because the real answer to all above questions is YES

No, it doesn't. To the contrary, a bitcoin bank would strengthen the bitcoin ecosystem as long as everything is bitcoin denominated.

https://bitcointalksearch.org/topic/m.9523539

This entirely defeats the concept of a decentralized network...

You are very welcome to join our project, then. Check my signature.

PS. We have already found a way to say 'yes' to all of the above questions, and are in the process of realizing it.

I agree with mentioned above.
Iam looking for way to answer yes to all of questions asked.
I am developing testing idea of Banking subject to see if it is fail or succesfull idea.

To be successful, a bitcoin bank would need to offer the same services a classic bank offers. That's savings accounts which provide some interest, and loans so that you can buy a house. Without offering those services, a bitcoin bank would be absolutely useless, and meaningless.

Do you think bitcoin is centralization?
make a wallet is enough for safe your btc, make a hard password, save private key, make a high security.

Can you send bitcoins instantly?

No.

Can you send bitcoins without any fees?

No.

Can you exchange bitcoins with any other security in an easy and secure manner?

No.

Can you have insured bitcoin loans or credits?

No.

Is there any reliable decentralized investment fund?

No.

Those are all the areas in development. And those are what make bitcoiners need a crypto-bank. Bitcoin shows us a way to store and transfer value in a decentralized way, but it has its own deficiencies to be resolved by some innocent interventions, that is, financial applications to be built on bitcoin. There are decentralized solutions to those problems, but there are also such problems where there's nothing to do except accepting the legitimacy of a semi-centralized crypto-bank.

Believe it or not, like it or not, this is the future, and this is going to happen inevitably.

There has been some talk about this for awhile now, cheak out this thread
https://bitcointalk.org/index.php?topic=755490.0;topicseen

the people that try to tell you that you dont need a bank are full of hot air.

want a bitcoin bank ? make it yourself. the wallet is simply a wallet nothing more nothing less.

Your wallet is your bank , Be the bank of yourself . You have the control of all your money , you don't need a bank. I think you didn't understand what is the sense of bitcoin....

You should not even use those two words together. 

We should pioneer new creative ways to move away from the traditional "Banking" thinking... and build on something new. 

You may check NXT's multigateway bitcoins. With Crypto Reserve, that feature may act like a frictionless bitcoin bank utilizing the bitcoin's own blockchain - together with Crypto Reserve's blockchain.