Do you agree with idea "Bitcoin bank" ?

captainhera

full member

Activity: 182

Merit: 100

Quote from: ABCbits on October 18, 2016, 11:51:47 AM

Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.

Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.

I think this is a good idea because I am using the web exchange as a bitcoin wallet I find it a lot of risk. If the "bitcoin bank" was created it could be a big step and it would probably replace the "traditional bank".

BelieveInBitcoin

member

Activity: 98

Merit: 10

Quote from: Soros Shorts on October 22, 2017, 11:59:40 PM

I actually use Chase as my "Bitcoin Bank". I have an envelope containing a cold storage private key printed on paper and a USB containing an encrypted wallet.dat which I have placed in a Chase safety deposit box. I had to recently visit Chase to move the coins to a new address for replay protection purposes.

Ho, ho! I see what you did there.

Wong Gendheng

sr. member

Activity: 1428

Merit: 252

I think the idea of bitcoin banks will make bitcoin services like fiat money, if this happens we must take more than 3 hours to create a wallet because when registering requires original data for verification.

meliodas

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Activity: 742

Merit: 329

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Quote from: ABCbits on October 18, 2016, 11:51:47 AM

Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.

Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.

There is a good in having a bitcoin bank. Just imagine if there was a problem worldwide. Let's say that the internet is down. How are we suppose to get and use our bitcoin without internet connection? So, the safest way is to have a big storage of bitcoin.

BlackRacerX

full member

Activity: 462

Merit: 102

Quote from: ABCbits on October 18, 2016, 11:51:47 AM

Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.

Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.

Then I think it defeats the purpose of bitcoins as being a non-centralized cryptocurrency. If you place on banks, then it's no different to fiats. You shouldn't have invested on bitcoins if you'll juat let it collect dust on cryptobanks.

Ahmed28

newbie

Activity: 47

Merit: 0

It is the worst idea ever !! The most important thing in Bitcoin is that it is not centralized ! And anyone can use it freely frome anywhere around the world

coinstatic

hero member

Activity: 545

Merit: 500

Well I think having a Bitcoin bank would defeat the purpose of Bitcoin being decentralized, which was originally why Bitcoin was created for in the first place.

So I don't agree with the idea

BraveSpirit

newbie

Activity: 25

Merit: 0

No, I do not agree. Bitcoin was originally created to be decentralized, and bank is the opposite of it. If that happens, they will already have control on our bitcoin. So they might charge some transaction fees on us, set some rules and regulation, use our personal information, and other things that a bank usually do. With that, it will surely erase the real concept of bitcoin. It's really not a good idea.

CowboyKiller

sr. member

Activity: 463

Merit: 250

Quote from: Viscore on October 25, 2017, 02:10:27 AM

Quote from: Gondwanaland on October 25, 2017, 12:01:38 AM

Quote from: ABCbits on October 18, 2016, 11:51:47 AM

Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.

Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.

No, I don't agree in the idea of bitcoin bank. If there is a bank what is the essence of bitcoin. We all know that bitcoin is only a digital money and how can a digital crypto has a bank. It is so logic.

Exchanges can already be our bank or our wallet so we don't need to invent new things that is similar to bank, when we say of bank that is centralized
and we all know that bitcoin is decentralized so it's like we are not supporting bitcoin in that sense, we have to achieve this real freedom and privacy.

Yeah, why do we need to apply a centralization system for Bitcoin while Bitcoin decentralized? It is impossible even we want to create a bank for Bitcoin. If some people want to make money from Bitcoin without investment and like saving money in Bank, they can starting to create loans through services from exchange like Poloniex.

Geemy

member

Activity: 350

Merit: 15

no it's bad idea , bitcoin success because he is ' unique ' , so why we create Bank and make it like usd and eur ?

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: hashtag101 on October 26, 2017, 05:56:29 PM

Quote from: BTCMILLIONAIRE on October 26, 2017, 03:21:29 PM

Quote from: VladimirsV on October 25, 2017, 07:20:48 AM

Most people love bitcoin just because it gives you the opportunity to escape from taxes, to do a more profitable investment without control.
If bitcoin bank, it is all lost. Embarrassed

It doesn't really let you evade taxes though. Unless you don't care about buying a house, or expensive cars. As long as you're just ordering pizzas or computer hardware you'll be fine. But that's not what people are hoping to gain from crypto investments.

Most of the investors in Bitcoin are want to become the rich through Bitcoin in a short time. Even, some investors are greedy and want to become the millionaire or billionaire through this field. However, the Bitcoin bank is a definition useless for Bitcoin while Bitcoin decentralized. Cheesy

Making millions with cryptos is pretty easy though, at least for someone with a fulltime job. Billionaire is a whole different game that needs very different skills from those required for becoming a millionaire. But yeah, Bitcoin banks are complete nonsense and this thread reveals the ignorance of a lot of people who are buying Bitcoins without understanding them at all.

cryptolerant

full member

Activity: 210

Merit: 100

since it has been started to be talked here I'm against the idea of bitcoin bank. that really wouldn't be good for our crypto currency future.

hashtag101

sr. member

Activity: 419

Merit: 250

Quote from: BTCMILLIONAIRE on October 26, 2017, 03:21:29 PM

Quote from: VladimirsV on October 25, 2017, 07:20:48 AM

Most people love bitcoin just because it gives you the opportunity to escape from taxes, to do a more profitable investment without control.
If bitcoin bank, it is all lost. Embarrassed

It doesn't really let you evade taxes though. Unless you don't care about buying a house, or expensive cars. As long as you're just ordering pizzas or computer hardware you'll be fine. But that's not what people are hoping to gain from crypto investments.

Most of the investors in Bitcoin are want to become the rich through Bitcoin in a short time. Even, some investors are greedy and want to become the millionaire or billionaire through this field. However, the Bitcoin bank is a definition useless for Bitcoin while Bitcoin decentralized. Cheesy

btcdepo

full member

Activity: 322

Merit: 100

I am totally disagree with the bitcoin bank concept. if it really appears then those banks will be destroying crypto market. banks are against the bitcoin's philosophy of anonymity.

rainbow169

full member

Activity: 252

Merit: 100

A bitcoin bank could work but it will need to governed by smart contract, for both lending and deposit so that it's completely transparent and transparency brings trust.

Lastly

jr. member

Activity: 47

Merit: 10

This is not a bad idea. A bitcoin bank may be the place where bitcoin transactions become safer, avoid being fooled. But if there is a bank, then Bitcoin trading will be taxed. This will make many people dislike it.

hynext

full member

Activity: 350

Merit: 105

Bitcoin bank is good idea but we know that government owned central bank. If the bitcoin legalized maybe bitcoin bank will ready to go. But bitcoin is anonymous, if we have bank maybe we are not anonymous and we pay taxes on the government.

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: VladimirsV on October 25, 2017, 07:20:48 AM

Most people love bitcoin just because it gives you the opportunity to escape from taxes, to do a more profitable investment without control.
If bitcoin bank, it is all lost. Embarrassed

It doesn't really let you evade taxes though. Unless you don't care about buying a house, or expensive cars. As long as you're just ordering pizzas or computer hardware you'll be fine. But that's not what people are hoping to gain from crypto investments.

cointldr

newbie

Activity: 57

Merit: 0

Crypterium is one of blockchain banking projects I ran into. Prepared short report about it, hope it helps: https://cointldr.com/crypterium-report-26-10-2017

tmawheba

member

Activity: 154

Merit: 10

The real reason of Bitcoin is people should rid out of Banking system. We no need any taxing and lot of other formalities. So Bitcoin bank is not a good idea also it is not going to happen any way. Already we are expecting that bitcoin should be accepted by all banks so that the users of Bitcoin will be increase more and more.

Topic: Do you agree with idea "Bitcoin bank" ? (Read 142248 times)