Do you agree with idea "Bitcoin bank" ? - page 103.

carlerha

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Quote from: twinkletoes007 on November 18, 2016, 07:00:54 PM

Doesnt matter if you agree. They are coming. It will be a process. No fractional reserves..

It is really coming after the news that Switzerland Central Bank plans to have crypto bank. https://bitcointalksearch.org/topic/switzerland-bitcoin-boom-1685326
So most of us are disagree with this type of concept but the game will change now as a first world country is going to accept bitcoin through their bank.

if it is a fact then it is really a good news about the future of bitcoin, i think then Switzerland has to accept bitcoin as legal currency, i think bitcoin will become more popular if any country take the step and consider bitcoin as legal currency.

Xester

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Quote from: choppork on November 19, 2016, 05:00:11 AM

At first I liked bitcoin because you don't need to have a bank to start earning. Anyone can just create his own bitcoin wallet and not upload any document at all. I don't think mixing up the idea of bitcoin and bank is a good idea. They are two opposite things. Bitcoin is anonymous and decentralized, while bank is not anonymous and is controlled by the government. The whole point of bitcoin will be destroyed if the idea of bitcoin bank is implemented. It'll be just like fiat.

Im still thinking, if there could be a bitcoin bank, certain rules need to obey, bitcoin transaction will also be the same with fiat transactions, it will not be convenient for user to go outside, fall in line at the bank teller. The idea of having bitcoin bank was not really a good idea. Transactions will never be the same. If you are going to invest using bitcoins its hassle to go to bank first and deposit. Unlike now you can buy bitcoins even at person to person.

Mastsetad

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Quote from: Sithara007 on November 19, 2016, 11:52:56 AM

This is ridiculous. Bitcoin was invented by Satoshi Nakamoto as an alternative to banking and fiat currency. And if we start banks for Bitcoins, then the original purpose will be lost. Exchanges are OK, but banks are not so.

Exactly, if someone uses bitcoin it only means they want to be their own bank and they don't want to keep their money somewhere else or don't wish to give them to a third-party, and if we again open bitcoin banks then there will be no use of using bitcoins.

ged00u

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Quote from: King Sastro on November 19, 2016, 11:00:15 AM

Yes I agree with bitcoin bank, I sure with bitcoin bank make more popular and make new job opportunities. Maybe can help poor countries and save all products.

And that will also mean that bitcoin will no longer be bitcoin. I mean what I love about bitcoin is its being decentralised and tax-free and having a bitcoin bank will totally destroy what bitcoin really means. Bitcoin will have taxes and it will be controlled and then it won't have any differences compare to other currencies. So now I ask you, do you like this idea?

rababo

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No, I don't think it's a good idea. Bitcoin is decentralized, we manage our own money. If there's bitcoin banks that means someone take control over our money. And there will be administration fee if we put our bitcoin in there. I don't wanna pay for that.
Bitcoin wallet can be considered as a bank, and it's secure enough to put our bitcoin in there.

Doamader

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Why we would trust our bitcoin into banks, knowing they cant protect their costumers accounts? Hackers does steal funds and banks arent able to noticie those neither, i do have my own bank already, blockchain.info, why i would let once again banks to allow me to moove and use my money? Im free and i do like it, i do believe people are more interested into get some fee with bitcoin deposits, but you can make those alone.

triasel

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bitcoin bank ? for what ? i think all bank can help payment or all transaction of bitcoin not so important about bitcoin bank

richardsNY

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Quote from: King Sastro on November 19, 2016, 11:00:15 AM

Yes I agree with bitcoin bank, I sure with bitcoin bank make more popular and make new job opportunities. Maybe can help poor countries and save all products.

It will definitely not help poor countries and create new jobs. That's full nonsense. I am fairly sure that you know the online wallet service blockchain.info? That services can also be seen as a Bitcoin bank. Do you know BitPay? The same goes up for that service as well. You are thinking too far when it comes to the term Bitcoin bank. It's by far not what you think it to be. Wink

Sithara007

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This is ridiculous. Bitcoin was invented by Satoshi Nakamoto as an alternative to banking and fiat currency. And if we start banks for Bitcoins, then the original purpose will be lost. Exchanges are OK, but banks are not so.

crairezx20

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Quote from: clickerz on November 19, 2016, 11:41:31 AM

Quote from: tabas on November 19, 2016, 07:58:22 AM

It is now going to be destroyed as some news and speculations that a central bank will adopt the usage of bitcoin and wants to make their own service as a crypto bank. So this type of idea will be just like what you are feared to happen but this is not going to be a good idea for we are using bitcoin because wanted our information to be anonymous.

It will defeat the purpose and one of the feature of bitcoin. Maybe the are also doing it not to be left behind,because more campanies and their competitor are also doing it. I think this is competion and they want to be at pace at todays new technology.

Well i think he ha a point that if bitcoin banks adopt bitcoin the anonymous of bitcoin will gone. but i think it depends of the banks if they will still collect your real information just to deposit and withdraw your bitcoin..
So it will be still depends in the government what will happen if there is bitcoin banks..

clickerz

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Quote from: tabas on November 19, 2016, 07:58:22 AM

It is now going to be destroyed as some news and speculations that a central bank will adopt the usage of bitcoin and wants to make their own service as a crypto bank. So this type of idea will be just like what you are feared to happen but this is not going to be a good idea for we are using bitcoin because wanted our information to be anonymous.

It will defeat the purpose and one of the feature of bitcoin. Maybe the are also doing it not to be left behind,because more campanies and their competitor are also doing it. I think this is competion and they want to be at pace at todays new technology.

Harlot

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Quote from: 20kevin20 on November 19, 2016, 11:03:18 AM

Quote from: King Sastro on November 19, 2016, 11:00:15 AM

Yes I agree with bitcoin bank, I sure with bitcoin bank make more popular and make new job opportunities. Maybe can help poor countries and save all products.

But.... What about the anonymity we're mostly looking for here? Bitcoin bank = no privacy. We already had our privacy taken by the states because they wanted to.. Now this is the only place I finally feel like home. I prefer not being known by anyone else.. A Bitcoin bank will take away the most important features Bitcoin normally has..

The Bitcoin Bank os not feasible for us citizens for any country. I know having a business especially a bank will make certain issues be raise because of the use of Bitcoin. Legalities such as privacy and taxes come to mind with that kind of business. Also Bitcoin's price appreciation is bigger than any interest rate of a bank, Bitcoin in your wallet is better off without a bank.

20kevin20

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Quote from: King Sastro on November 19, 2016, 11:00:15 AM

Yes I agree with bitcoin bank, I sure with bitcoin bank make more popular and make new job opportunities. Maybe can help poor countries and save all products.

But.... What about the anonymity we're mostly looking for here? Bitcoin bank = no privacy. We already had our privacy taken by the states because they wanted to.. Now this is the only place I finally feel like home. I prefer not being known by anyone else.. A Bitcoin bank will take away the most important features Bitcoin normally has..

King Sastro

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Yes I agree with bitcoin bank, I sure with bitcoin bank make more popular and make new job opportunities. Maybe can help poor countries and save all products.

Senor.Bla

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Quote from: TheUltraElite on November 19, 2016, 10:42:52 AM

Quote from: twinkletoes007 on November 18, 2016, 07:00:54 PM

Doesnt matter if you agree. They are coming. It will be a process. No fractional reserves..

Alright, so I guess you are going to build the first (and last) ever bitcoin bank. Let us know of the procedures of transactions and what exactly are you trying to do with the bank?
Will it spread awareness about bitcoin to the general public? Will it ease the process of exchanging fiat to bitcoin and vice versa?

Just claiming that something is coming is not practical as long as you dont provide any concrete proof about the same.

i also would love to here this. seems to me that people do not realise that you need money in order to run a bank. this money has to come from somewhere. the customer. so a bitcoin bank will not be for free and they will find other ways to take money from you. this does not solve the problem. and at this point we are not even talking about the technical difficulties of a bitcoin bank.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: twinkletoes007 on November 18, 2016, 07:00:54 PM

Doesnt matter if you agree. They are coming. It will be a process. No fractional reserves..

Alright, so I guess you are going to build the first (and last) ever bitcoin bank. Let us know of the procedures of transactions and what exactly are you trying to do with the bank?
Will it spread awareness about bitcoin to the general public? Will it ease the process of exchanging fiat to bitcoin and vice versa?

Just claiming that something is coming is not practical as long as you dont provide any concrete proof about the same.

tabas

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Quote from: choppork on November 19, 2016, 05:00:11 AM

At first I liked bitcoin because you don't need to have a bank to start earning. Anyone can just create his own bitcoin wallet and not upload any document at all. I don't think mixing up the idea of bitcoin and bank is a good idea. They are two opposite things. Bitcoin is anonymous and decentralized, while bank is not anonymous and is controlled by the government. The whole point of bitcoin will be destroyed if the idea of bitcoin bank is implemented. It'll be just like fiat.

It is now going to be destroyed as some news and speculations that a central bank will adopt the usage of bitcoin and wants to make their own service as a crypto bank. So this type of idea will be just like what you are feared to happen but this is not going to be a good idea for we are using bitcoin because wanted our information to be anonymous.

choppork

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At first I liked bitcoin because you don't need to have a bank to start earning. Anyone can just create his own bitcoin wallet and not upload any document at all. I don't think mixing up the idea of bitcoin and bank is a good idea. They are two opposite things. Bitcoin is anonymous and decentralized, while bank is not anonymous and is controlled by the government. The whole point of bitcoin will be destroyed if the idea of bitcoin bank is implemented. It'll be just like fiat.

twinkletoes007

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Doesnt matter if you agree. They are coming. It will be a process. No fractional reserves..

Raimonn

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I like bitcoin because you don't need to trust any bank or company for your money. I don't understand why some users want to keep their bitcoins on a "bank". If you keep your bitcoins on a bank you could have the same problems that users had with their fiat money on Chipre or Greece.

Topic: Do you agree with idea "Bitcoin bank" ? - page 103. (Read 142276 times)