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 ?
Crypto is too volatile to operate like a traditional bank we are use too, i don't think crypto price can be static except if it can be that is kind of atmosphere what you are planning to engage in can be productive. 
Topic: Build a Bank Of Bitcoin - page 9. (Read 26546 times)
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 ?
I don't know why but it sounds just ridiculous, because in my opinion and my understanding bitcoin and banking system is so opposite each from other that bitcoin bank for me is like decentralized centralisation.People will only trust a market that has a good reputation, just the same as banks which means that you need to have a very good security system in order to gain trust.
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 ?
I don't know why but it sounds just ridiculous, because in my opinion and my understanding bitcoin and banking system is so opposite each from other that bitcoin bank for me is like decentralized centralisation. 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 not, as long as it can be trusted and provide better services than fiat money banks.I am sure bitcoin banks will be able to compete with fiat money banks.
I think the essence of bitcoin is that it does not need any organization where you need to store them. you can keep them in your pocket.
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 purpose of Bitcoins is to get away from banks, and not have them store your money. Also banks are allowed to lend out 7 times the amount of money that they have from the public. You cannot do that with Bitcoin. And where are you going to store the Bitcoins? In a Bitcoin wallet? People can already do that for themselves, unanimously, private from most people. While you'll be a major target.
This is unlikely to happen, but the price of the coin is constantly increasing unstable, no one dared to open a BTC bank. That was my thought
It would be contrary to the very essence of BTC. It is precisely decentralization that describes the essence of the BTC and the banks are going in the opposite direction! Personally, I wouldn't use the bank for bitcoin
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 ?
So let say you do start a Bitcoin bank, why would people trust you to hold their Bitcoins? After a person earns interest on their Bitcoins, how are you going to pay them after you get hacked and all the money the Bitcoins are stolen?
One of the biggest things that people repeat over and over in the crypto world is to never leave your crypto in an exchange, for obvious reasons. Why would a Bitcoin bank be different?
the biggest problem for you open the BTC bank from the government. The government don't promit.and don't have low to Support.
In my opinion, the government has its own interests and keeps them in view before implementing a policy. Normally the topic of progressive taxation comes in my mind upon studying the government intervention in Bitcoin. A bank of Bitcoin if run by the government will be the same as a bank of fiat because the government will implement the same policies to get their utility maximized and so on. Besides, the features that is offered by Bitcoin being decentralized. 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 ?
Isnt that the whole point of crypto, to 'not have banks' and a de-centralised eco system with no overheads or greedy overlords.
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 not, of course we will believe.even I think bitcoin banks are safer than fiat money banks, more sophisticated technology and transparent transactions will provide convenience for customers.
In my mind, this question raises two more questions:
Can an entire banking business be built on top of blockchain technology?
When will blockchain be practical for the Banking industry?
1 - Bank’s are businesses that exist and survive because of a business model and strong execution which is part of their operational model. Technology only enables these models. Banks require technology for their operations and to reach their customers. Blockchain is just one technology out of many that can be put to use by a bank. Blockchain technology will be suitable for some use cases, but it won’t ever be a solution for all use cases.
2 - At this point, blockchain technology cannot be considered ready for mass adoption by an enterprise - technology platforms are not mature, standards are not in place, the uses and implications of the technology are not understood as well as other more prevalent technologies used in regulated industries such as Banking, and the networks required for a network-effect type technology like blockchain are not in place.
Can an entire banking business be built on top of blockchain technology?
When will blockchain be practical for the Banking industry?
1 - Bank’s are businesses that exist and survive because of a business model and strong execution which is part of their operational model. Technology only enables these models. Banks require technology for their operations and to reach their customers. Blockchain is just one technology out of many that can be put to use by a bank. Blockchain technology will be suitable for some use cases, but it won’t ever be a solution for all use cases.
2 - At this point, blockchain technology cannot be considered ready for mass adoption by an enterprise - technology platforms are not mature, standards are not in place, the uses and implications of the technology are not understood as well as other more prevalent technologies used in regulated industries such as Banking, and the networks required for a network-effect type technology like blockchain are not in place.
Not practical in my opinion. With so much volatility, it will be hard to give interest.
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 purpose of Bitcoins is to get away from banks, and not have them store your money. Also banks are allowed to lend out 7 times the amount of money that they have from the public. You cannot do that with Bitcoin. And where are you going to store the Bitcoins? In a Bitcoin wallet? People can already do that for themselves, unanimously, private from most people. While you'll be a major target.
A good idea and if bitcoin bank started in our country then many of the educated community will make their investment in this currency but online exchanges are many but online bitcoin bank is not available in our country.
If the bank has a physical address and has received approval from the state that the bank has obtained a operating license, then the bank is certainly reliable and I will not hesitate to open an account at the bank.
the biggest problem for you open the BTC bank from the government. The government don't promit.and don't have low to Support.
Bitcoin Bank Building I think it would be great if we have a private bank for bitcoin where people can exchange the same loan or loan as a currency. we should Build a Bank Of Bitcoin
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 ?
In my opinion, it is a good idea, however the real question is where it will be build? Since most btc users are scattered around the globe, it is hardly to choose which country it would be build. But I truly believe that with this transaction using btc will be much easier and convenient.
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