This bank will for sure be made and the high rates should atract a lot investment into them, but the thing is even with better rates then fiat, why we would risk to have our money into a bank while we are able to be our own banks, taking advantage of trading and able to invest at our own risk.
i do not think that banks will put any great effect on the price of bitcoin. in present time i do not think that we need for any bank to be use so far. as the online wallet system is the number, in fact the wallet system is one of best and convenient way of using bitcoin for online purpose. i will like to to continue busing bitcoin through online wallet. 
Topic: Build a Bank Of Bitcoin - page 18. (Read 26546 times)
At first i would say, i dont trust everyone on the net. Bank of bitcoin is means centralized currency, and no one can guarantee it will be fine using it
Yes, it seems to me that the creation of such a bank is an attempt to centralize bitcoin. And I really do not like it. I believe that bitcoin should not be controlled
This bank will for sure be made and the high rates should atract a lot investment into them, but the thing is even with better rates then fiat, why we would risk to have our money into a bank while we are able to be our own banks, taking advantage of trading and able to invest at our own risk.
Building a bank for bitcoin defeats the purpose of bitcoin in the first place. The point of bitcoin is that you are your own bank so long as you keep your private key and nobody can say otherwise.
if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
Why should one deposit security like Bitcoin in Banks!
Main reason why people save in Bank is getting return and adding security to funds. But in case of Bitcoin, bank will unable to generate return. Why?
Because primary source of income for bank is loan but in case of btc, giving loan in terms of fiat will not possible due to volatility whereas giving loan in terms of Bitcoin will not be possible too because borrower will not able to pay back additional btc.
On the whole, no income, no interest!!
It is certainly true that Bitcoin banks won't be able to generate income from loans
The reasons for that have been explained many times, so there's no need to repeat them again. But this doesn't in the least mean that banks won't be able to pay interest on money in deposit account that people would open in these banks. The logic behind such a claim is pretty simple. Major web wallets pay the transaction fees for their clients, and thereby the fees which folks don't pay can be loosely considered as such interest (remember, a penny saved is a penny gained) since the wallets still have to cover these expenses somehow. But even today, when the fees are surging along with the price, web wallets like Coinbase or Xapo are still prospering somehow. Obviously, instead of paying the fees they could just as easily pay the interest. It won't be high, but high enough to attract depositors (since many people are just keeping their coins in web wallets anyway, even without any interest)
At first i would say, i dont trust everyone on the net. Bank of bitcoin is means centralized currency, and no one can guarantee it will be fine using it
Same i don't trust this if theres an bitcoin bank how if there an corrupt happen? We can't get our bitcoin back And theres more theres no insurance i will still choose web wallets where i can stored my bitcoins much safer than trust other people who handled it.Yes, I also trust only myself. And I would not like to use a bank of bitcoins. This is an extra risk that I do not need. I'm sure that such a bank will not be popular
if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
Why should one deposit security like Bitcoin in Banks!
Main reason why people save in Bank is getting return and adding security to funds. But in case of Bitcoin, bank will unable to generate return. Why?
Because primary source of income for bank is loan but in case of btc, giving loan in terms of fiat will not possible due to volatility whereas giving loan in terms of Bitcoin will not be possible too because borrower will not able to pay back additional btc.
On the whole, no income, no interest!!
At first i would say, i dont trust everyone on the net. Bank of bitcoin is means centralized currency, and no one can guarantee it will be fine using it
Same i don't trust this if theres an bitcoin bank how if there an corrupt happen? We can't get our bitcoin back And theres more theres no insurance i will still choose web wallets where i can stored my bitcoins much safer than trust other people who handled it. if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
There wont be anything wrong with this but the issue members of the community will have is trust. How do i get to keep my btc with someone who is not regulated or i can hold responsibe in case things didnt go as planned? The Bitcoin has been deigned for "freedom" and having a bank to control such in the sense that having to mop up deposit or increase interest rate might negate that principle
if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?My answer is I won't give my trust on you, Why should I entrust my bitcoin to you, meaning I will give also my password and private key of my wallet where I stored my bitcoin. If I do that the decentralization of bitcoin will become meaningless.
At first i would say, i dont trust everyone on the net. Bank of bitcoin is means centralized currency, and no one can guarantee it will be fine using it
Yes, it seems to me that the creation of such a bank is an attempt to centralize bitcoin. And I really do not like it. I believe that bitcoin should not be controlled
They can't make it centralized. To make it centralized, they would have to buy all of the coins or at least the majority of it, and then change the technology into something that collects tax right away in every transaction. It will be like transaction fee, but it will be larger since it's tax. Most people are ranting about the "high" fees, which isn't high at all compared to how much you'd pay if you use other stuffs like Paypal. How much more would they rant when there's already tax in bitcoin. If bitcoin gets taxed, it's already a failed project. Most people will use a different coin and when the government makes it centralized as well, they'd just move to another and so on..
I do not trust any banks. Why bitcoin Bank should be the exception? I think keeping money in banks is a bad idea.
yeah funny thing is that bitcoin was born because we don't want to keep money in the bank, and this guy is saying that there should be a bitcoin bank, this is an oxymoron to me, bitcoin should remain decentralized, if poeple feel unsecure and want more investment, they can invest in altcoin
At first i would say, i dont trust everyone on the net. Bank of bitcoin is means centralized currency, and no one can guarantee it will be fine using it
Yes, it seems to me that the creation of such a bank is an attempt to centralize bitcoin. And I really do not like it. I believe that bitcoin should not be controlled
I dont think this will click. Bitcoin is not meant for bank. Its not the purpose of bitcoin. Bank is centralized while bitcoin is decentralized system. We dont want our identity revealed. Plus, no banks ever done this before, afaik. Why dont you build an exchange rather than this? Exchange/lending service, that would be great.
Yes, I agreed on you. Bitcoin bank will not be success in the end, bitcoin I believed most of the community here won't agree on this matter also, and nobody will entrust their bitcoin to them. Only stupid one will agree on this things, or lack of knowledge in bitcoin.
At first i would say, i dont trust everyone on the net. Bank of bitcoin is means centralized currency, and no one can guarantee it will be fine using it
If someone will try to build a bank of bitcoin, for sure they will encounter a difficulties to build. Because there are many processes that need to comply. But, for me Im not agree for having like this because bitcoin is not intended to save in a bank. The anonymity will disregard and we have limit if the subject above will happen.
We in the community are surely not looking for a bitcoin bank anymore, we are satisfied already with the online bitcoin wallet and we feel safe already with our funds stored in it. Bitcoin banks is useless if it will replace the basic features of bitcoin which is decentralized and will give us benefits with fast and low transaction fees. 
If someone will try to build a bank of bitcoin, for sure they will encounter a difficulties to build. Because there are many processes that need to comply. But, for me Im not agree for having like this because bitcoin is not intended to save in a bank. The anonymity will disregard and we have limit if the subject above will happen.
if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
People don't really trust financial institutions because they are trustworthy, but because they are heavily regulated by the authorities. So depositors monies cannot go missing
I think the bitcoin must be different, if it is the same as the bank then everything is not interesting. I think without the bank is better, bitcoin will use during still profitable like now.
I agree with you. Why apply to such institutions and pay a commission. Bitcoin can also be used without banks. I would not apply to such a bank
I wouldn't mind a btc savings bank that paid interest on deposits with accounts protected up to a certain amount of insurance.
A btc service that offered high interest similar to an IRA would be nice.
Those would be decent sources of entry level, passive income, which btc and altcoins currently lack.
But in terms of traditional banks who have influence in creating economic and currency policy.
I think I would prefer an impartial bitcoin miner regulating inflation objectively than an economist, analyst or CEO who could be bought for the right price.
A btc service that offered high interest similar to an IRA would be nice.
Those would be decent sources of entry level, passive income, which btc and altcoins currently lack.
But in terms of traditional banks who have influence in creating economic and currency policy.
I think I would prefer an impartial bitcoin miner regulating inflation objectively than an economist, analyst or CEO who could be bought for the right price.
if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
People don't really trust financial institutions because they are trustworthy, but because they are heavily regulated by the authorities. So depositors monies cannot go missing
I think the bitcoin must be different, if it is the same as the bank then everything is not interesting. I think without the bank is better, bitcoin will use during still profitable like now.
I agree with you. Why apply to such institutions and pay a commission. Bitcoin can also be used without banks. I would not apply to such a bank
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