Do you agree with idea "Bitcoin bank" ? - page 16.

Barbarian

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Quote from: GreenBits on September 23, 2017, 05:25:47 PM

Quote from: Lecsor on September 23, 2017, 05:19:11 PM

Quote from: ?? on ??

I gues i agree
For more secure

Such banks will not give greater security to your crypto currency than the blockchain system. But banks will take additional services from you. I am against such banks

agree and disagree. on the one hand, if you dont have the keys then they arent your coins. hell, if someone else is sharing the keys they arent completely yours anymore. so as an old head, im not to keen about any type of "hosted" wallet solution. but on the other hand, the average person's cyber security is absolute shit. people have no idea how much information they leak due to poor "hygiene". social media records, weak passwords are all vectors for attack. enterprise grade security is magnitudes more robust than this, but its centralized so you arrive back at the initial problems.

its a devil either way, but since institutions have civil liability, I think I would go with a hosted wallet on this one. if they can offer the value added services that real banks offer, without all the fees, im all ears.

You have a point, this is why we see so many hacked accounts or people losing their coins everyday, but securing our coins is not really that hard but people are very lazy and they do not want to take the time to secure their coins properly and by not doing so they pay the price.

prehisto

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Your Data Belongs To You

I think that this thread has a problem from the beginning - how do you define a BANK? A BTC BANK?

Coinbase, Bitstamp and others already fulfil most of the real life FIAT bank tasks - holding, trading , verifying identities.

I think the most important matter is that there is fast options to get the currencies out, so there would not be this fundamental problem with banks, that one has the money theoretically but in reality bank is just giving you assurances that in event of withdrawal you will have this amount. There are so many examples when banks have gone under because the management has lost the money of their customers in schemes.

RoooooR

legendary

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I think this one will be a good idea as long as it is decentralize. I believe more and more people are on this page. Just make it Fair and Transparent to everyone when it comes to fee and charges. Those are the things normally people complaining about the banks we have in the fiat world. So i guess it's time to remake it in the cryptos.

Gaff

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Quote from: Harrisonimo on October 05, 2017, 05:33:58 PM

Well, from what the concept says: decentralization! No particular persons calling the shots as regards Bitcoin! The only part I might choose to agree with the Bitcoin bank is interns of security and moderation just to put theft and losses in check. Aside that, I don't need a physical bank really.

I do agree with the idea of having bitcoin bank and I think this will make us grow profitable in the field of cryptocurrency. However,we all think of government's approval before this make it happen in the future. The thing that concerns about this is the fluctuation and sudden changes of the rate or value of bitcoin which we have to monitor for everyday. It's like you're bringing the bank with you wherever you go. And,I think this sounds better.

Coldsnap4457

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STOCKBET TOKEN SALE OCT 29 - USABLE SOFTWARE TODAY

Andreas Antonopoulos said that you should never leave your crypto coins at an exchange, because you cannot trust that it won't get stolen by an employee or hacker.

Same logic applies to Bitcoin bank.

Harrisonimo

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Well, from what the concept says: decentralization! No particular persons calling the shots as regards Bitcoin! The only part I might choose to agree with the Bitcoin bank is interns of security and moderation just to put theft and losses in check. Aside that, I don't need a physical bank really.

bitblackred

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Quote from: sasaku bitbit on October 04, 2017, 04:56:20 AM

I think if there is indeed the idea of bank bitcoin will make great success because the bank bitcoin bitcoin introduces how the usability in the bitcoin, and also whether Sha-bitcoin there will be institutions that handle so that the get comfort in the security and confidence. but should wear something that gives training how can I use bitcoin with good and success in the future

the idea of bitcoin bank is the best idea because millions of people are buying bitcoins and they would have also to save it somewhere so why should not be make a bitcoin bank it will then easey for investors to save their bitcoins so the idea is great and you should make bitcoin bank .

sasaku bitbit

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I think if there is indeed the idea of bank bitcoin will make great success because the bank bitcoin bitcoin introduces how the usability in the bitcoin, and also whether Sha-bitcoin there will be institutions that handle so that the get comfort in the security and confidence. but should wear something that gives training how can I use bitcoin with good and success in the future

abilarde

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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 OR any centralized service which only ask name and email address.

Yes i am really agree to have bank for bitcoin. Some say here that they can hold thier own not to trust any one. For you to know all banks have security so if you an account here in bitcoin you have a privacy that only you can access and operate.

btcap

newbie

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That's quite strange. I guess the idea of crypto currency itself denies the idea of having any bank (if we speak about a controlling organization). Or otherwise it will turn into a usual financial system, and I'm not sure that's what bitcoin users are waiting to happen.

Loni

newbie

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The fact also is that there is no as such idea. I mean, there is no clarity where the earnings will go from.

nicosey

full member

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Totally. If not bank then software services. Still many unanswered questions. How do you do inheritance? How do you do invoicing? What bitcoin does though is make banking a software services as opposed to an institution.

CrimBit

hero member

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i think xapo & coinbase is implementation of "bitcoin bank" , we have bitcoin but we cant acces private key, 0 fee transaction for same xapo/coinbase wallet, but the diffirent is no interest per month like bank. i can agree with bitcoin bank for some people who cant remember his privekey, or password or anything, he can trust bitcoin bank to save his bitcoin in safety blockchain.

desi92

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I do not really understand what bitcoin bank is? If it means that company who can control the bitcoin, if so i do not agree at all. It will againt the decentralized of bitcoin.

kriticko29

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I think its great but somehow there will always be a treat with all of the hackers around. It will be great as long as the security of the bank is superb and can't be access easily by hackers.Because there will be TRUST

drm

legendary

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We already have lots of banks, and look what they have done to the world so far.. Roll Eyes

rockyboy

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I won't let anyone manage my Bitcoin. I just hold and keep it on my on. I just trust myself more than anybody else.

DewiKirana

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This may happen if the ordinary people as you explain understand the basics of bitcoin, or at least there are institutions that introduce bitcoin to the community and provide training on how to use bitcoin, the institution must also provide useful community facilities and make it easier to use bitcoin.

Scallywag

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Quote from: tyronecoinbit on October 03, 2017, 11:25:52 PM

Bitcoin is truly decentralized, if there will be a bitcoin bank, then it's no longer decentralized since there will be someone whose going to control it . It will no longer be anonymous because we will be required to submit a documents that has our personal information. And I guess, most of bitcoin users don't want it to happen.

No way , this goes against what most people like about btc.
To have it yourself and no way a government can take it from you.

loof99

sr. member

Activity: 524

Merit: 258

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.

In my opinion i do not agree with this bitcoin bank.. aside from virtual reality it is not reliable compared to real bank itself..

Topic: Do you agree with idea "Bitcoin bank" ? - page 16. (Read 142276 times)