Do you agree with idea "Bitcoin bank" ? - page 112.

mrcash02

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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.

I don't think it's a good ideia. What I really would like to see would be BTC ATMs everywhere exchanging Bitcoins to our country currencies easily and fast. Because it's boring to have to send BTCs to exchange and pay fees to turn it into our local currency, in the end we lost some part of our money just with bureaucratic transactions that could be skipped.

LiberOptions

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If the Bank is completely decentralized why shouldn't I agree!? If a Bank decentralized as soon as you do business with this Bank you become a part of the Bank.

As long as there is decentralization banks can act like entites that can help investors.

abel1337

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Hwre in our country a wallet that is only available in our country are being used by us so we can transfer our bitcoin in banks. Thry just put some fee on converting and transaction. The banks are affiliated on our wallet so we can easily withdraw our bitcoin to make it fiat. Less hasstle for us thatnare using this wallet

Shenzou

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The idea of having a bank for bitcoin is realy good, the fact that you can go and exchange your coins instantly into real cash and use it,or going to the supermarket and paying with your bitcoin card would be a time-saving thing

Rostadom

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I don't agree with the idea of bitcoin bank. I'm pretty sure they will have the same motives as ponzi websites. Ponzi sites tend to earn the trust of people at first, and then after a month or so, they'll run away. Bitcoin banks would surely be trusted by some people because it's about security and people wants to keep their coins secure. You can't trust anyone online except yourself. Make your bitcoin wallets safe by enabling 2FA.

rottenfruits

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I don't agree or like the bitcoin bank idea, sure getting a good interest in BTC is good and getting loans for those asking for them is good but having a bank takes away the anonymity and decentralization is just too much against the idea of BTC.

aso118

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Quote from: PremiumCodeX on October 29, 2016, 02:01:01 AM

I do not see much of a difference, but I do not trust banks anyway therefore I prefer to keep all my money myself Wink

With respect to fiat, banks are insured against losses.
Banks pay interest.
Banks probably have better security than you can manage.
Doesn't make sense to keep money under your pillow, when you can deposit it in a bank.

LifeLine

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Yes i agree with bitcoin bank.

error08

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Quote from: Doamader on October 23, 2016, 08:58:38 PM

As already stated above with bitcoin we are our own bank, soo why would we need another entity or companie to hold our bitcoins? Makes no sense after freedom we think into get inside of those companies and control.

Yeah, the freedom of bitcoin in our hands and no need extra charges for bitcoin bank to take care our btc.
If the regulation similar with conventional banks, that would be not so good for us due to reduction of bitcoin advantages like anonymous and low fees transaction.

bitcoinisbest

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Well it is not a bad idea that we can have a few banks setup and start trading within the bank. This will help boasting the confidence of all users and price stability will further help in having the large population to buy the coins.

Also even the brick and motar store will start using the coins again the fiat.

1Referee

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Quote from: Harlot on October 29, 2016, 03:56:51 AM

Quote from: PremiumCodeX on October 29, 2016, 02:01:01 AM

I do not see much of a difference, but I do not trust banks anyway therefore I prefer to keep all my money myself Wink

Keeping your money by yourself has a greater chance being stolen than inside a bank, even if you put it inside a safe/vault with experienced robbers it won't be any problem with them

In case of cash/fiat money, then you're right, it's a better choice to keep it at banks as everything you store at home in physical form is too risky.

Quote from: Harlot on October 29, 2016, 03:56:51 AM

why not trust banks? They don't still hour money anyway they just decrease its value over time.

The main reason for people to not trust banks is that they use people's money to gamble with it on the financial markets. If everything works out as they planned, it's all good for banksters themselves, but the customers and tax payers don't benefit from it. But when things don't go to plan, and banksters end up making huge losses, the bill will be passed to the customers and the tax payers. Not fair, right?

Bitcoin (digital wallet file) is something that you can either have stored in a USB drive, or burned on a CD/DVD. Paper wallets are something that you can precisely hide somehwere in your house as it is nothing more than a thin sheet of paper. In this regard the far better option is to have your money stored in Bitcoin within your house. No one will notice anything.

Harlot

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Quote from: PremiumCodeX on October 29, 2016, 02:01:01 AM

I do not see much of a difference, but I do not trust banks anyway therefore I prefer to keep all my money myself Wink

Keeping your money by yourself has a greater chance being stolen than inside a bank, even if you put it inside a safe/vault with experienced robbers it won't be any problem with them, also why not trust banks? They don't still hour money anyway they just decrease its value over time.

PremiumCodeX

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I do not see much of a difference, but I do not trust banks anyway therefore I prefer to keep all my money myself Wink

JeffBrad12

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Quote from: wxa7115 on October 27, 2016, 01:30:31 PM

Quote from: BeGoods on October 26, 2016, 06:48:12 PM

Quote from: wxa7115 on October 24, 2016, 12:12:41 PM

Quote from: calkob on October 19, 2016, 01:38:12 PM

I dont see the point in a bitcoin bank, surly it is not going to be that hard in the future to secure your own bitcoin via apps, and be your own bank, also banks cant be trusted they will start to loan more bitcoin than they have in store and then will be back to square one.

But if you use a third party app on top of bitcoin in order to secure your coins then that is basically a bank, securing your coins right now is not that hard by following some simple principles.

yeah that banks are third parties who may be in the trust, you can not assume they are not reliable just because they lend money or bitcoin to someone? because that's how they make a profit? certainly they have certain criteria for borrowers, so they do not carelessly give a loan to someone,

This is not about whether they are trustable and reliable but about the necessity of trusting and rely on them at all, with bitcoin you don’t need to do it that’s the whole point.

but the bitcoin bank ideas is too far from the word of will be implementing into a real project because we can't trust them and especially there is no guarantee for trust them and especially I believe are not get supported by the government about their legalization.

Iverson288

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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.

Yes I agree because It makes me feel comfortable right now

carlerha

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Quote from: sillug on October 27, 2016, 04:52:54 PM

I do not agree, as hopefully the majority of people here. That idea is just silly, I don't see its interest.

but to me it will be a good idea but it will take some more time. when the user of bitcoin increase to a good number and when people will feel the importance of bitcoin banks then this idea will really work.

MTBTT

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Quote from: sillug on October 27, 2016, 04:52:54 PM

I do not agree, as hopefully the majority of people here. That idea is just silly, I don't see its interest.

I think to make the facility it is okay to do, because no one forced you to use bitcoin bank, you're also free to continue to use the wallet or anything

neochiny

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Crypto.games

Bitcoin and banks are like complete opposites.

Only reason some people are even hoping for a bitcoin bank is probably in the hopes of "insurance", coz banks guarantee up to a certain amount of your deposits. So with all the hacks going on, they're hoping that there's somewhere that could guarantee their money. As for interest and investments by banks, meh. It's all about security and insurance they're really after.

Anyway, I doubt it would work. In so many ways. sigh.

KaliLinux

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Quote from: Doamader on October 28, 2016, 06:30:27 PM

I dont understand why people does request a bank to store their bitcoins, i do believe is because they afraid to loose their bitcoin into exchanges or to the wallets providers, but who would manage those bank, a single person? Makes no sense at all we trust our coins into a single person or more then one these days, there are few people that we can trust.

I am very comfortable with wallets. I can do everything i need with wallet online. None is required to work for me. It saves my time as well. I do no require to go to a place to complete all my transactions. I do not require any third party. I am not charged fees as well. So i get all facilities here. Why i require a bank where more energy is required to fulfill my purposes.

Doamader

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I dont understand why people does request a bank to store their bitcoins, i do believe is because they afraid to loose their bitcoin into exchanges or to the wallets providers, but who would manage those bank, a single person? Makes no sense at all we trust our coins into a single person or more then one these days, there are few people that we can trust.

Topic: Do you agree with idea "Bitcoin bank" ? - page 112. (Read 142276 times)