Do you agree with idea "Bitcoin bank" ? - page 14.

Larva14

sr. member

Activity: 518

Merit: 250

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 there are lof of things to be done if they want to have bitcoin bank. However, I think it is a nice and good idea. If there is a bitcoin bank where you can put all your bitcoin. If you do not want to do that you can still use your wallet to keep your bitcoin. Lastly, I hope there will be bitcoin bank.

Netnox

legendary

Activity: 2044

Merit: 1008

Quote from: JK47XdeCrypT on October 08, 2017, 02:25:22 PM

I believe we should build a decentralized bitcoin bank that will be the CENTRAL BANK of the WORLD.

Please read this post again and you will find out how ridiculous it sounds. Dude, how is it possible to build a central bank for a currency which is thoroughly decentralized? If you establish such a bank, then Bitcoin will no longer be called as a decentralized currency. There are advantages and disadvantages in doing this. But IMO, the disadvantages are more.

HitbtcSCAM

member

Activity: 196

Merit: 15

Not a good idea

JK47XdeCrypT

newbie

Activity: 42

Merit: 0

It will likely happen as some people would want this service, in this case it is fine.

I believe we should build a decentralized bitcoin bank that will be the CENTRAL BANK of the WORLD.

Bitcoin forever.

HitbtcSCAM

member

Activity: 196

Merit: 15

Yes it is called a wallet.Why would you let humans control your money, look at hitbtc a fbi cover to spy on the people and steal money

Flodemaga

sr. member

Activity: 286

Merit: 250

Knowing that banks usually has a huge control over our money it doesnt make any sense we consider to let our coins into a bitcoin bank, sure some people would like to get their coins safe and if they will be able to get a fee for those and safety they might consider it, but for such happen we will need to be exposed, i do see the bank as a problem since the most of us like to be anonymous. But it can be a good think to allow us to exchange our bitcoins to fiat without have to pay the big taxes countries wanna from the profit.

Ayiranorea

sr. member

Activity: 1246

Merit: 255

Leading Crypto Sports Betting & Casino Platform

Bitcoin at present is growing good and there are future possibilities of bitcoin getting into usage with banking industry. As a part already several banking sectors around the world has been making advancement. As a part some of the banks has already developed their own blockchain for the functioning.

Xenophoto

hero member

Activity: 826

Merit: 502

Quote from: GreatOrchid on October 07, 2017, 06:53:48 PM

No i dont agree, it is like making bitcoin centralized, and that is all the opposite of what bitcoin was created for, so it is never going to happen unless that a cryptocurrency is created for that purpose (creating a bank) but i dont think that this is going to happen, and less in this times, that we are full of fuds between cryptocurrencies and banks.
So no, it wont happen soon

Some people here are so against centralization. If you are truly against centralization of bitcoin, then you should not use any trading site, any online wallet, or anything that makes a small centralization. Online wallets create centralization the same way a bitcoin bank creates it. A number of wallets falls under their hands. I think that the only difference with bitcoin banks (assuming that they are from the government) is that the common people will be a little relieved and so they will deposit their bitcoin in there. Some people are too afraid that their bitcoins will go to the hands of a hacker and so they cash out their bitcoins right away instead of holding it for a long time and earn huge profits.

I don't agree with the idea of bitcoin banks because it creates centralization but I can still bear the fact that there will always be centralization going on with bitcoin in some ways.

w5pn73

sr. member

Activity: 635

Merit: 251

Quote from: GreatOrchid on October 07, 2017, 06:53:48 PM

No i dont agree, it is like making bitcoin centralized, and that is all the opposite of what bitcoin was created for, so it is never going to happen unless that a cryptocurrency is created for that purpose (creating a bank) but i dont think that this is going to happen, and less in this times, that we are full of fuds between cryptocurrencies and banks.
So no, it wont happen soon

Agree with this.

I don't understand why some people seem to WANT centralization and more regulation.
Just invest in stocks or other valuta if that's what you want.

catvantuong

newbie

Activity: 56

Merit: 0

I think bitcoin bank is good idea .
but I don't think that you will be incurring any additional tax if you hold your money into a bank accountBTC

Ayush rana

full member

Activity: 476

Merit: 103

I think bitcoin bank is a good idea. If this come then we all need not to have 3rd party to transfer our Bitcoins. With single step we can convert, save, transfer our coins to our bitcoin banks.

Harlot

hero member

Activity: 1806

Merit: 671

Quote from: derdk on October 08, 2017, 08:13:49 AM

not agree with that.
we must pay more maintaine or additional tax for the bank. and we dont know it save or not. and i think, wallet is more good than bank, more save because just are that hold the bitcoin, no additional charge and other

I agree with you about the additional charges, but I don't think that you will be incurring any additional tax if you hold your money into a bank account. It is your money in the first place and simply holding it in your bank don't make sense if it becomes taxable as the main point of tax is for eliminating unjust riches. Either way I don't think that Bitcoin will be an option for banks in the future as there is no scenario where they will accept cryptocurrency in their business system.

ruslango

newbie

Activity: 40

Merit: 0

i do not comprehend what is meant by a bitcoin financial institution and what is the harm in getting 1 bank for the people that need one.what at any time it may possibly be i do expect some type of banking rules currently being launched for bitcoin by some governments .

derdk

member

Activity: 88

Merit: 10

not agree with that.
we must pay more maintaine or additional tax for the bank. and we dont know it save or not. and i think, wallet is more good than bank, more save because just are that hold the bitcoin, no additional charge and other

djablom

newbie

Activity: 26

Merit: 0

No i do not agree with bitcoin bank because that is what makes bitcoin special that it is not kept by a bank or some other kind of holder but it is kept safe with yourself in your hardware or online wallet.

HarleyQuinn9876

full member

Activity: 209

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 no one needs a bitcoin bank. Bitcoins will not exist, because anyone can store bitcoins on their own. If you send the bank, you will be more risk when the bitcoin suddenly change the price. Bitcoin bank is a bad idea

Gerharde

member

Activity: 108

Merit: 10

Yes I do and I will definitely support it, Ia m also thinking of having a bitcoin bank to store and deposit my bitcoins so that I don’t need to carry it around with me in my mobile and having it stolen means I will loose a lot. A bitcoin bank like what a cash bank has is a great idea and will open a lot of possibilities and job opportunities for people who wants to work in that bank. I am in full support of this if this will take effect.

MaceHead

newbie

Activity: 8

Merit: 0

Don't like the idea of a Bitcoin Bank, but maybe.. if its only role is bitcoin consulting & exchange.

xBitHodler

member

Activity: 112

Merit: 10

I don't agree with this idea at all. Cryptocurrencies are supposed to give us freedom. I want to be my own bank. There is no point in storing your bitcoins in a so called Bitcoin bank. The only things they could offer are loans and interest. Still, I wouldn't keep my BTC there. I would rather use Electrum and encrypt my private keys.

GreatOrchid

legendary

Activity: 1092

Merit: 1001

No i dont agree, it is like making bitcoin centralized, and that is all the opposite of what bitcoin was created for, so it is never going to happen unless that a cryptocurrency is created for that purpose (creating a bank) but i dont think that this is going to happen, and less in this times, that we are full of fuds between cryptocurrencies and banks.
So no, it wont happen soon

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