I also think that it's not a good idea because bitcoin is anonymous and decentralized and you will be denying the concept of bitcoin itself if you will establish bitcoin banks. And the thing that I also love about bitcoin than banks is, There is no any strict rules and regulation.
I think it's for the bitcoin bank is not a problem because no one requires you to use bitcoin bank. people are free to use it or not. but the fact that the bank could give profit to you in addition to safely store your bitcoin, you do not need to invest, you just need to keep it in the bank and make a profit, when the price rises you could sell it also 
Topic: Do you agree with idea "Bitcoin bank" ? - page 115. (Read 142276 times)
I also think that it's not a good idea because bitcoin is anonymous and decentralized and you will be denying the concept of bitcoin itself if you will establish bitcoin banks. And the thing that I also love about bitcoin than banks is, There is no any strict rules and regulation.
I think the banks will not disrupt the decentralized system of bitcoin and will not interrupt its anonymity and if they will require our identity then it will be the same as the exchanges and some wallets are doing and the rules are still there in online wallets and exchanges but the only problem which will appear to us will be that we will then pay a high fees of transactions to the banks which they will charge from themselves. 
I also think that it's not a good idea because bitcoin is anonymous and decentralized and you will be denying the concept of bitcoin itself if you will establish bitcoin banks. And the thing that I also love about bitcoin than banks is, There is no any strict rules and regulation.
I think the banks will not disrupt the decentralized system of bitcoin and will not interrupt its anonymity and if they will require our identity then it will be the same as the exchanges and some wallets are doing and the rules are still there in online wallets and exchanges but the only problem which will appear to us will be that we will then pay a high fees of transactions to the banks which they will charge from themselves. 
Bitcoin and bank is two banks that dont go well together. bank is centralized. btc = decentralized
Then what about public financial institutions of some countries are trying to take root blokchain experience and recognize bitcoin as a real currency. legendary
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Bitcoin and bank is two banks that dont go well together. bank is centralized. btc = decentralized
In one sense it would be good because having bitcoin bank will make the coin popular and some other guy would start using it. But in one sense it would be bad because having bitcoin bank will make the network untrustworthy because bitcoin is decentralized and automated but bank will make it insecure but if they make it automated then it would be welcoming.
of course decentralization of bitcoin will be lost or dissapear when you use the banking system to save your bitcoin in bitcoin bank because bitcoin bank will ask for personal data of yours to be recorded in the bank system. for the trust may be safe, but of course your privacy will be exposed right ?I could imagine a "Bitcoin bank" being more private. For example, in exchange for bitcoin deposits, a bank could give out Chaumian cash (blind signatures). This Chaumian cash could be spent in an untraceable way, with the bank verifying the "cash" is authentic and unspent. Eventually someone could redeem the cash with the bank to obtain bitcoins again.
I'm sure this would be counter to KYC/AML laws, so it would be almost certainly be an "illegal" business. The trouble would be running such an illegal bank without being known (to avoid legal issues) and while still being reasonably trusted. It's hard to imagine, but many people still use btc-e. Last I heard no one knows who runs it.
Bitcoin bank possibly solved many problems, but you first need to become a legitimate bitcoin, otherwise nothing happens. Only if global financial market recognizes the bitcoin currency, then we can say the issue is resolved.
I don't agree on any such idea which will take us again towards centralization where our wealth will be in control of any institution. There are so many ways to get interest or invest money in but Bitcoin offers unique features and options. I will keep using Bitcoin freely without putting them in hands of such banks just to get little profit.
The bitcoin bank is not a centralisation. There will thousands of banks, that mean each can be a full node. No centralisation.
I don't agree on any such idea which will take us again towards centralization where our wealth will be in control of any institution. There are so many ways to get interest or invest money in but Bitcoin offers unique features and options. I will keep using Bitcoin freely without putting them in hands of such banks just to get little profit.
I also think that it's not a good idea because bitcoin is anonymous and decentralized and you will be denying the concept of bitcoin itself if you will establish bitcoin banks. And the thing that I also love about bitcoin than banks is, There is no any strict rules and regulation.
Just ask people why exactly they would like to see a Bitcoin bank. I think more than 90% will answer with that they then receive interest over their coins. If that's their only reason, then it's a real silly one. Nearly everything people care about here is profit. Even when risks are too high. Greed is taking over.
I dont want to see a bitcoin bank becase i know for srue that when i am putting my bitcoins on that bnank that they are stealing money of me becuase they want to let
me pay for my bitcoins also for my money.
Correct, just look at the exchanges, they charge you fees which was one of the reasons was created in order to avoid fees and when we take into account the fact that a bitcoin bank will be able to freeze your funds. me pay for my bitcoins also for my money.
I also think that it's not a good idea because bitcoin is anonymous and decentralized and you will be denying the concept of bitcoin itself if you will establish bitcoin banks. And the thing that I also love about bitcoin than banks is, There is no any strict rules and regulation.
I dont want to see a bitcoin bank becase i know for srue that when i am putting my bitcoins on that bnank that they are stealing money of me becuase they want to let
me pay for my bitcoins also for my money.
me pay for my bitcoins also for my money.
No, why would you even need a bitcoin bank in the first place? You're your own bank.
yeah because in fact you could be a bank for yourself, you can use the wallet is certainly more secure than using bitcoin bank right ? Why would I use bank for my bitcoins? I also think that this idea is stupid, and I don`t know how banks are planning to get into bitcoin community. That will be tricky for them, what can they offer to me (or us) to open bitcoin wallet in some bank, pay monthly account maintenance, what can they do for me, that I can`t do myself?
Only one thing fall on my mind and that is high saving rate. I opened some saving calculator and for example best bank in my country offer if I save in my currency 1 000 000 dinars for one year (that is 9 000 dollars) I can earn 90 000 dinars (850 dollars).
If I save in foreign currency, for example dollars, 10 000 dollars for one year will bring me 396 dollars. Which is joke, so how big interest they can offer for bitcoin to I be attracted to save my bitcoins in some bank?
I am not going to agree withthe bitcoin bank becuase i dont want to let the banks know that i am into the bitcoin you know because when you do that they want to put tacOnly one thing fall on my mind and that is high saving rate. I opened some saving calculator and for example best bank in my country offer if I save in my currency 1 000 000 dinars for one year (that is 9 000 dollars) I can earn 90 000 dinars (850 dollars).
If I save in foreign currency, for example dollars, 10 000 dollars for one year will bring me 396 dollars. Which is joke, so how big interest they can offer for bitcoin to I be attracted to save my bitcoins in some bank?
on my bitcoins.
I still can't believe 16% said yes. THat means 16% of you don' really understand bitcoin.
Yikes !!
Bitcoin is more like a whole lot of smaller banks so a bank is actually not needed and not really logical.
the people population this world are dumb, lazy and ignorant. and of course this forum is no exception. i would be astonished if it was. people will want and even ask for bitcoin banks and bitcoin might even only lift off if we create bitcoin banks. people will also lose money, get scammed and more, because they are dumb, lazy and ignorant. Yikes !!
Bitcoin is more like a whole lot of smaller banks so a bank is actually not needed and not really logical.
I still can't believe 16% said yes. THat means 16% of you don' really understand bitcoin.
Yikes !!
Bitcoin is more like a whole lot of smaller banks so a bank is actually not needed and not really logical.
Yikes !!
Bitcoin is more like a whole lot of smaller banks so a bank is actually not needed and not really logical.
The first thing comes to my mind when I read the term "bitcoin bank" is wallet. as we know that wallet functions like a bank. we can save our money (bitcoin), send it, etc. so wallet is bitcoin bank anyway unless we talk about a building of a wallet company, but still the wallet is the bank.
I found a small poem online that I think really puts my opinion of this into words:
Give a man a gun and he can rob a bank
Give a man bank and he can rob the world
I don't think this is a good idea but it will probably happen anyway.
Totally right, the world are already rob by a lot of big banker in the world, looks like some family are sitting in the number of the richest family in the world are using banker for rob a money from every country, Even the central bank in every country are a part of their kingdom, I just heard the one or two countries are not applying central bank system like Cuba. Give a man a gun and he can rob a bank
Give a man bank and he can rob the world
I don't think this is a good idea but it will probably happen anyway.
In one sense it would be good because having bitcoin bank will make the coin popular and some other guy would start using it. But in one sense it would be bad because having bitcoin bank will make the network untrustworthy because bitcoin is decentralized and automated but bank will make it insecure but if they make it automated then it would be welcoming.
of course decentralization of bitcoin will be lost or dissapear when you use the banking system to save your bitcoin in bitcoin bank because bitcoin bank will ask for personal data of yours to be recorded in the bank system. for the trust may be safe, but of course your privacy will be exposed right ?Jump to: