I would be curious to understand how you could "deposit" money in a bitcoin bank ...
If you continue to make this proposal, it means that there is still a long way to go.
Topic: Build a Bank Of Bitcoin - page 6. (Read 26548 times)
The usual proposals of those who are doubly ignorant, in economics and in cryptocurrencies.
A bitcoin bank makes no sense, since your account is already a "bank".
Bitcoin was just born to get rid of the power of the banks.
A bitcoin bank makes no sense, since your account is already a "bank".
Bitcoin was just born to get rid of the power of the banks.
Launching such a bank would not be easy) Firstly, there is no sufficient regulation for crypto financial institutions. Secondly, it would not be profitable for you - BTC is growing in long term period - and how will you pay dividends to your investors?
I don't think this is a good idea. It'll make the system centralized and by that disrupt the very idea of blockchain. Also, I don't think that a bank can give a user enough safety.
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 build a bank again when every Bitcoin holder is a bank manager of his/her own crypto bank?. You talking about security, when Bitcoin wallets like blockchain and Coinbase are already giving us that. Building a strucutre for a crypto bank is as irrelevant as developing a control social media for Facebook users. It is of no use really.
It's always frightening for me the level of economic interest: there's always someone who proposes to print more money, and someone who wants to create a bitcoin bank.
To both I suggest to devote themself to agriculture ...
To both I suggest to devote themself to agriculture ...
In fact it is rather ridiculous.
On the other hand, the "bank" has been for centuries the place where the money was kept, so it is quite normal that people who are not sufficiently informed think that it might be good to make a bank for bitcoins.
Sooner or later they will understand that it can not be done.
In building a bank there are rules to be follow like a fiat money bank, how can we sure that our bitcoin is safe? I think it woud not be a good idea, if you build a bank government will be involve on that because of some requirements. You can save bitcoin without banks by using your own wallet.
For run the bank only trust is not enough. There should be organization, plan, service and much more. If you have better plan and service than fiat currency bank then I think people will come to you.
in my opinion, for bitcoin, there is a wallet for my own storage, so if you build a traditional bank for bitcoin, I think your plan is less effective, because currently not all countries accept bitcoin as a legitimate transaction tool
Did anyone tell this guy with bitcoin you are the bank? 
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 ?
That is cool building a bank of bitcoin is belongs to millenial and it guarantee or an assurance that people will be successful generating the coins of bitcoin and it is very new idea in the community. I love saving and banks of bitcoin surely people will participate well for the future usage.
Why not 'i think that would be better imagine that we have bank of bitcoin that is so cool and maybe it more better if the bank have also a mat machine were u will gonna withdraw the funds that can convert in cash ir money right away without hassle
That's is a good idea. If someone create a bank for bitcoin. It could be easily to withdraw and deposit for us and no one to investigate because that is our privacy.
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 ?
That is cool building a bank of bitcoin is belongs to millenial and it guarantee or an assurance that people will be successful generating the coins of bitcoin and it is very new idea in the community. I love saving and banks of bitcoin surely people will participate well for the future usage.
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 ?
If the flat money has their own bank, then I can say that people using btc can also trust their money in a bank for btc. People will easy to trust their money and invest to that bank. It would be more convenient and easy for them to loan and have any transaction. As of nownow the question is where will be the bank will be established?
Of course I will feel comfortable if you can provide a security guarantee on bitcoin that I keep in your bank, people save fiat money in conventional banks also because they feel comfortable and safe from the guarantees provided by the bank
Normally there are bank cash users feel secure. If electronic money also has its own bank, that's great. Investors will be more secure to invest.
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
It depends upon the situation. I will trust you if you bank of bitcoin have a high quality of security where i can asure that my crytocrurrencies are safe.
A decentralized system such as cryptocurrencies does not need banks. It was created in order to eliminate these institutions and it does well without them. Banks are necessary fiat money because this system was created in this way.
I saw ICO that are established to build relationship with banks wherein they can process fiat from banks to coins for their user or vice versa they can turn your coins to your banks account.... But I don't see them being productive as of today...
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 ?
no at all, you need to build trust and how you generate profit ? . I believe to give interest you need a profit and also to make people to trust you need to build a real custody and give a clear idea how the cash flow will work for your customer Jump to: