I don't understand how would someone agree with this idea. Bitcoin is born with the intent to be a decentralized currency not controlled by the banks and this is just against its philosophy. Maybe these people are just looking for some earnings with the interests.
In my opinion the most important concept behind the Bitcoin is to be the "bank of myself"
Topic: Do you agree with idea "Bitcoin bank" ? - page 107. (Read 142276 times)
Once dealt with the real banks and their system, you will not want to trust anyone else. What will be different "bitcoin bank" from those that now is not clear. Perhaps the word "bank" is alarming, but still, the financiers are special people. Still, what currency they celebrate.
Most people believe and want bitcoin just because it gives you the opportunity to escape from taxes and to do a more profitable investment without control. But if bitcoin bank, it is all lost.
Not only are their coins known once stored elsewhere, but they also don't have any control over their coins anymore. But I think the main point of why people think a Bitcoin bank is a good thing, is that they can earn interest over their coins. It's a scary thought that people are willing to part with their main principles so easily. In return for what? A poor 2-3% annual interest rate? Pathetic.
'With the policy that leads Bitcoin' you are talking about the decentralized aspect? If so, then you're right, but you're taking the term "Bitcoin Bank" way too serious. This "bank" will either be an exchange or wallet service such as blockchain.info, or a payment service such as BitPay. Either way, it will be centralized.
Most people believe and want bitcoin just because it gives you the opportunity to escape from taxes and to do a more profitable investment without control. But if bitcoin bank, it is all lost.
Not only are their coins known once stored elsewhere, but they also don't have any control over their coins anymore. But I think the main point of why people think a Bitcoin bank is a good thing, is that they can earn interest over their coins. It's a scary thought that people are willing to part with their main principles so easily. In return for what? A poor 2-3% annual interest rate? Pathetic.
Most people believe and want bitcoin just because it gives you the opportunity to escape from taxes and to do a more profitable investment without control. But if bitcoin bank, it is all lost.
But when exchange your bitcoin into your account, automatically government will have eye on your account and tax amount will be calculated due to usage.
Most people believe and want bitcoin just because it gives you the opportunity to escape from taxes and to do a more profitable investment without control. But if bitcoin bank, it is all lost.
But when exchange your bitcoin into your account, automatically government will have eye on your account and tax amount will be calculated due to usage.
Most people believe and want bitcoin just because it gives you the opportunity to escape from taxes and to do a more profitable investment without control. But if bitcoin bank, it is all lost.
Not only are their coins known once stored elsewhere, but they also don't have any control over their coins anymore. But I think the main point of why people think a Bitcoin bank is a good thing, is that they can earn interest over their coins. It's a scary thought that people are willing to part with their main principles so easily. In return for what? A poor 2-3% annual interest rate? Pathetic.
Most people believe and want bitcoin just because it gives you the opportunity to escape from taxes and to do a more profitable investment without control. But if bitcoin bank, it is all lost.
Having own Bitcoin wallets is itself a personal bank which can be used to store, receive or send BTC to any bitcoin user globally, as well as bitcoin is P2p currency based on decentralized platform. So No one control it. If Bank consider to use blockchain technology for better administration then its always welcome but Bitcoin bank with centralized services can make lots of misleads to entire bitcoin network, also can harm to user by privacy control and security issues.
But what if these banks bring Bitcoin to another level. I mean, what if they can increase the usage of bitcoin to the same degree as fiat money? Will you want a Bitcoin bank?
We have to admit, there will be a con to everything. Like in medicine, there is no panacea. You will have a side effect along with the cure for one illness. We got to sacrifice something to get a benefit. If the banks would give Bitcoin the necessary boost it needs to become mainstream, why not right?
Having own Bitcoin wallets is itself a personal bank which can be used to store, receive or send BTC to any bitcoin user globally, as well as bitcoin is P2p currency based on decentralized platform. So No one control it. If Bank consider to use blockchain technology for better administration then its always welcome but Bitcoin bank with centralized services can make lots of misleads to entire bitcoin network, also can harm to user by privacy control and security issues.
But what if these banks bring Bitcoin to another level. I mean, what if they can increase the usage of bitcoin to the same degree as fiat money? Will you want a Bitcoin bank?
Bitcoin could keep its advantages -- decentralized, no one in control. But it's likely only a small minority want to control their own money. For everyone else, Bitcoin "banks" would be a fine solution. There's strong evidence that the vast majority of people want to hand over control of most of their lives (including their money) to others. Just because those of us here feel differently doesn't change human nature.
Transactions between Bitcoin banks wouldn't even need to be on the blockchain, since there would be trusted agents. Basically there would just need to be proof of reserves (i.e., control of actual bitcoins) to verify solvency.
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Having own Bitcoin wallets is itself a personal bank which can be used to store, receive or send BTC to any bitcoin user globally, as well as bitcoin is P2p currency based on decentralized platform. So No one control it. If Bank consider to use blockchain technology for better administration then its always welcome but Bitcoin bank with centralized services can make lots of misleads to entire bitcoin network, also can harm to user by privacy control and security issues.
But what if these banks bring Bitcoin to another level. I mean, what if they can increase the usage of bitcoin to the same degree as fiat money? Will you want a Bitcoin bank?
Having own Bitcoin wallets is itself a personal bank which can be used to store, receive or send BTC to any bitcoin user globally, as well as bitcoin is P2p currency based on decentralized platform. So No one control it. If Bank consider to use blockchain technology for better administration then its always welcome but Bitcoin bank with centralized services can make lots of misleads to entire bitcoin network, also can harm to user by privacy control and security issues.
But what if these banks bring Bitcoin to another level. I mean, what if they can increase the usage of bitcoin to the same degree as fiat money? Will you want a Bitcoin bank?
Having own Bitcoin wallets is itself a personal bank which can be used to store, receive or send BTC to any bitcoin user globally, as well as bitcoin is P2p currency based on decentralized platform. So No one control it. If Bank consider to use blockchain technology for better administration then its always welcome but Bitcoin bank with centralized services can make lots of misleads to entire bitcoin network, also can harm to user by privacy control and security issues.
Absolute not,BTC is supposed to be a decentralised currency .depositing it in a bank will risk your privacy and banks can steal all your BTC
Well, I also say NO, because bitcoin no need bank, we can hold our bitcoin, and when we hold our bitcoin than automatically its price increasing and we can call that is our profit, So if we deposit our bitcoins into bitcoin bank.
How can they manege it? because both have a same way if we save our bitcoin or bank safe our bitcoin, what the different between each other.
Because we safe our fiat currency into bank because bank give us profit from our amount, but when we already make profit from our bitcoin, So i don't think that we need a bitcoin bank.
Yes, not having an institution such as a bank is completely alright for bitcoin because it is decentralised in nature and doesn’t need any support of the institution.
But having a bank would work as a win-win for us because institutions like a bank can bring more focus on this technology and push the bitcoin movement forward. Bank can attract the common man to use bitcoin and thus it will strengthen our community. I am not saying the there should be bank to operate whole bitcoin transactions but for those who can’t use bitcoin at this moment.
Absolute not,BTC is supposed to be a decentralised currency .depositing it in a bank will risk your privacy and banks can steal all your BTC
Well, I also say NO, because bitcoin no need bank, we can hold our bitcoin, and when we hold our bitcoin than automatically its price increasing and we can call that is our profit, So if we deposit our bitcoins into bitcoin bank.
How can they manege it? because both have a same way if we save our bitcoin or bank safe our bitcoin, what the different between each other.
Because we safe our fiat currency into bank because bank give us profit from our amount, but when we already make profit from our bitcoin, So i don't think that we need a bitcoin bank.
Any place in which you deposit your money and you no longer have control over it is in a way a bank, even if it does not offer the very same services like banks at the end of the day is a bank
That is why the issue here is trust and since there are institutions that offer same services like a bank like the online wallet but of course it does not offers other services like interest rate a etc. People wants freedom from banks with their money where they can spend like actual fiat anytime,anywhere whatever the situation.
Absolute not,BTC is supposed to be a decentralised currency .depositing it in a bank will risk your privacy and banks can steal all your BTC
I voted yes based on the fact that I want to believe its going to add interest to my balance aside that then there wont be any difference between the online wallets that we have now, and those "bank" that are intending to come. Also another concern is the security of my funds and who will do the regulation, who will insure the funds incase it was hacked? Who will be responsible among other factors embedded in such decisions.
After all, crypto currencies, especially Bitcoin is highly decentralized to have your own bank. Well, we call it hardware wallet. People are using online wallets like coinbase because they're too lazy to have their own hardware wallets. Otherwise, I'm not favourable to centralize the crypto currency. 
i think through this way bitcoin is not going to b centralize, it can only give support to bitcoin, as we use online wallet which are not so much secure, by using banks our wallets will become more secure therefore i am in favour of bitcoin banks, which are we expecting in future. That is a good idea that we have some banks for our bitcoin and we will save them at there it will guarantee that our bitcoins will be secured at these places but keep in mind one thing that the fees of these banks will be much higher for storing and for transactions etc.
i am not sure if you get the whole idea of bitcoin. we do not want them to have our money. the only thing they can guarantee you is that they take your money. banks get robbed and hacked and if a bank says it can guarantee me safety i would run as fast as i can. Jump to: