Do you agree with idea "Bitcoin bank" ? - page 36.

UCHCHILD

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Quote from: merlyn22 on June 20, 2017, 10:00:31 AM

i agree on bitcoin bank if the features same with other coin base wallet , xapo , blockchain but hopefully the fees much lower compare to them

Exactly, if they do not put additional fees for that for sure people will going to join the bank for bitcoin because as for now coinbase which I am using now is asking for 0.001+ for fee which is so suck in my part badly because it is a bit expensive if I am goin to transfer money to my friend with just 0.001 Sad

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Also if they add good feature for bitcoin so I think they going to hit the peak of the people also if the transactions are good and fast as what we have before brcause the more volume of users the more slower the transaction is I hope the future bank will resolve it.

BigBos

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May I agree if the bank is completely safe from hacker attacks, and would be responsible if something happens. Technology development in bitcoin may arrive at the creation of a bank for bitcoin.

abayan

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Yes ,if they add some good features through with it .I also want to have a secure bitcoin bank in the way that even my identity is anonymous they will have a way to determine if it still exist or having a secure database. We all know that technology now becomes advance and more advance through time so i think there will be a best bitcoin bank that will don't change any on bitcoins.

merlyn22

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i agree on bitcoin bank if the features same with other coin base wallet , xapo , blockchain but hopefully the fees much lower compare to them

Lancusters

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I don't like the idea of a Bank. I do not trust any banks. Where is the confidence that the Bank will not be ruined together with my coins and I lose all my savings as it does with other banks. Any Bank has an income through loans, and it is always a risk.

erickkyut

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For me, the idea of Bitcoin bank is nit possible because what are you going to store in Bitcoin banks? Bitcoin doesn't have physical appearance and it is a pure online currency. Aside from that, there are now hard wallet for Bitcoin's keep safe.

Fatanut

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Quote from: slaman29 on June 20, 2017, 04:30:40 AM

I know most of us will claim to dislike the idea of a crypto bank... but in my experience, people new to Bitcoin will be very afraid of the idea to keep their own seed or private keys or even wallet address. My family for instance always ask me "what is my email password again?" and every time will lock themselves out because of wrong password.

So I know they would rather create an account somewhere for someone else to keep their crypto safe.

This is where a notepad comes in handy. You can either use a physical notepad (notebook pad) or the notepad application on your computer. There's not much big deal on putting your private keys and email passwords on your computer as long as no one's touching it except you. I knew that I would eventually forget my password since I don't use the same password twice and so I just write it down. That's also what I did with my parent's password.

Actually, this is where the ETF topic goes in. A lot of people want to invest in bitcoins or buy bitcoins but do not have the knowledge. They don't have the time or that they are not interested about the whole idea of bitcoins at all. They are just here for the profits that they will make when the price of bitcoin goes up. Unfortunately for them, you have to at least understand the basics in order to invest in bitcoins.

Kateryna_Oli

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I think it's a good idea to call this system of Ethereum as a Bank.
People trust banks. Maybe then the creators and investors of the Bitcoin just want to get more trust? I don't think that it's bad. Undecided

stadus

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Quote from: Core.BUSTER on June 20, 2017, 04:44:45 AM

In my knowlefdge about bitcoin,Many people are disliking it because they say it is non sense.And many bitcoiners dont want the Idea aboyut cryptobank because of the security.But ofcoarse its not about that.It can help people to save money or bitcoin.

If they do not understand they would not say anything good, and as for me I really don't care what they say, I will not make
money if I will listen to them. It's normal to people that they will see as scam because it's new and the government hasn't
introduce this and support this system, it's a threat to their eyes.

Core.BUSTER

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In my knowlefdge about bitcoin,Many people are disliking it because they say it is non sense.And many bitcoiners dont want the Idea aboyut cryptobank because of the security.But ofcoarse its not about that.It can help people to save money or bitcoin.

slaman29

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I know most of us will claim to dislike the idea of a crypto bank... but in my experience, people new to Bitcoin will be very afraid of the idea to keep their own seed or private keys or even wallet address. My family for instance always ask me "what is my email password again?" and every time will lock themselves out because of wrong password.

So I know they would rather create an account somewhere for someone else to keep their crypto safe.

Rostadom

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Quote from: adzino on June 19, 2017, 05:28:32 AM

Quote from: Peashooter on June 18, 2017, 03:08:29 AM

Bitcoin bank is nice idea.however, there still no bank that accepts bitcoin as deposit. Some people keep their bitcoin in online wallet and I think they didn’t want to save their bitcoin in the bank. If there’s a bank who accept bitcoin I guess they can’t handle because the price of bitcoin is always change.

You are saying it is a good idea. But then bitcoins loses one of it's feature - decentralization. Depositing your coins on bank gives the bank the whole power to control your coins, while you lose your powers. They can deny access to your account anytime, whenever they wish. You can use xapo and coinbase. They act as a form of "bank" by controlling your coins.

Then you shouldn't be using xapo, coinbase, or any other web wallet at all. There are web wallets out there that don't even allow you to access your address' private key. People here are all about decentralization but never had the time to notice how ironic they are being whenever they use web wallets. Web wallets can also deny your access whenever they want. There's centralization going on in online wallets, exchanges, trading sites, etc. The only way your money is truly not controlled by anyone else is when you have the seed of the wallet or the private key of the address and you're not using some online site to access your wallet. Just use a desktop wallet, paper wallet, or just a hardware wallet.

Fatanut

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Quote from: eann014 on June 19, 2017, 10:03:45 AM

Yes, I really don't like the idea of having a bitcoin bank, when bitcoin increases we can't expect the real amount of the value of bitcoin, it is better to store them in our btc wallet and wait until it increases so at the same time we also earning while storing our bitcoin in our btc wallet, unlike in bank. We don't need btc bank at all.

That makes no sense since bitcoin banks surely will work just like any other exchanges work. When the price has increased and you're withdrawing your btc to the banks through ATMs (fiat money), then it should cost you lesser bitcoins since they will be following the buy/sell rate. It would not make sense at all if bitcoin banks only store your bitcoins and nothing else. Because what's the purpose of the physical bitcoin banks that they have.

Bitcoin banks surely will be fiat and bitcoin together. You can withdraw your bitcoins as fiat and vice versa. If it's just fiat, then it would be just a regular bank. But if it's just bitcoin, then their "bitcoin bank" is pretty much just a bitcoin wallet just like electrum. They have to combine the two to have sense.

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Quote from: Fireblade on June 19, 2017, 05:14:23 AM

i personally do not agree with the idea. to me i think the online wallet system is enough for us, having online wallet system i do not think that we need for any bitcoin bank, because we can get access to our wallet and use bitcoin from anywhere and at any time, there is no such restriction for using our online wallet. i also think that there is no such security problem to our online wallet system. because we can use different security

Using an online wallet is using a bank.
Somebody else has access to your funds , you account can get locked you might need to provide identification.

You're not realizing but you're actually using a bank.
And this defeats the whole purpose of bitcoin and I'm wondering why are we even trying anymore....

eann014

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Quote from: grim007 on May 23, 2017, 07:49:43 AM

Quote from: eann014 on May 23, 2017, 06:31:15 AM

Quote from: Harlot on February 12, 2017, 10:01:23 AM

Quote from: Superways on February 12, 2017, 09:52:35 AM

Quote from: Edraket31 on February 12, 2017, 09:43:49 AM

Quote from: eann014 on February 12, 2017, 09:35:56 AM

Quote from: diegz on February 12, 2017, 01:00:50 AM

Quote from: eann014 on February 12, 2017, 12:42:18 AM

Bitcoin bank is a good idea, because how can we save bitcoin if we don't have this? and how can we receive our income here in campaign if we don't have this. This is really important especially to those who really want to earn a lot of bitcoin, what is a stupid thing about this?

Even without a bank you can save your bitcoin in your wallet. That's the sure thing about it. But with bitcoin bank, if it happens that we already have one, probably we could benefit on what real banks could offer.

But there is no such stupid thing about this, I think this is also a suggestion and for sure there are also a lot of people who will became one of the customers of that bitcoin bank someday.

Maybe the bank can offer a 24 hour ATM machine, an advantage for us if we do have our own ATM anywhere so no need to remit out money in local remittances and wait for how many minutes for confirmation, I am indeed in favor to have our own bank for us to have passbook and can monitor our daily deposit and withdrawals.

if you are searching for te ATM service for your bitcoin then you have to get a bitcoin debit card so you will be able to withdraw your bitcoins anytime from any ATM machine which will accept visa or mastercard from any bank. As that cards are regulated by mastercard and visa card service providers and have the same system as your bank card system.

Isn't that the purpose of your Bitcoin wallet for? To save your Bitcoin. Banks are not highly helpful for us as it cannot do anything better than the volatility that Bitcoin can make. Also there are no helpful functions that Banks can add to Bitcoin. From sending to saving money it can be done by the Bitcoin wallet alone.

Hmmm, I think if we can have a Bitcoin bank, Managers in that bank or the owner of that can make their way to have their own income when someone is depositing bitcoin, like if the bitcoin increases the value, they can make the increases lower than we expected, then the other part of it will go to their own bank accounts.

Thats why there is no need for Bitcoin bank since we can cashout our btc and we can do manage and control our own btc thru wallets.

Yes, I really don't like the idea of having a bitcoin bank, when bitcoin increases we can't expect the real amount of the value of bitcoin, it is better to store them in our btc wallet and wait until it increases so at the same time we also earning while storing our bitcoin in our btc wallet, unlike in bank. We don't need btc bank at all.

halych

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Quote from: calandra78 on June 19, 2017, 08:29:06 AM

Quote from: Doamader on October 18, 2016, 02:24:14 PM

No way we dont need those, we do have already our own banks, where we control everything we do with our money, makes no sense to ask for such thing when people is looking for freedom.

Yes actually I think no need to set up a bank because we already have the bitcoin wallet itself that we manage and take control of our own. with our own we can manage freely want to do something with our own money, but if we keep it in the bank bitcoin then we will be bound by all of the regulations and we must do it and learn the ins and outs of the existence of bitcoin bank first. Thus we have freedom in regulating our banks themselves would be easier for us to arrange them in accordance with our wishes.

I agree with you. We already have our own bank, which we successfully use. Cryptocurrency is a unique phenomenon and it will break the banking system. And to turn the cryptocurrency into something that we want to escape from - it's wrong

calandra78

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Quote from: Doamader on October 18, 2016, 02:24:14 PM

No way we dont need those, we do have already our own banks, where we control everything we do with our money, makes no sense to ask for such thing when people is looking for freedom.

Yes actually I think no need to set up a bank because we already have the bitcoin wallet itself that we manage and take control of our own. with our own we can manage freely want to do something with our own money, but if we keep it in the bank bitcoin then we will be bound by all of the regulations and we must do it and learn the ins and outs of the existence of bitcoin bank first. Thus we have freedom in regulating our banks themselves would be easier for us to arrange them in accordance with our wishes.

geegaw

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Quote from: Fireblade on June 19, 2017, 05:14:23 AM

Quote from: foxbat on June 18, 2017, 01:14:35 PM

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'm not sure about this idea because I do not understand much about bitcoin bank work principle. Will it act like other banks?I don't think that bitcoin suitable to put on the phrase 'bank'. If built, who is going to manage them, as well as payments on every face?We can't control the bitcoin, very difficult to manage.

i personally do not agree with the idea. to me i think the online wallet system is enough for us, having online wallet system i do not think that we need for any bitcoin bank, because we can get access to our wallet and use bitcoin from anywhere and at any time, there is no such restriction for using our online wallet. i also think that there is no such security problem to our online wallet system. because we can use different security

Yeah, I also do not like the bank Bitcoin idea because I think if we have bitcoin bank, it will be under the control of the government and of course, bitcoin will certainly be taxed. In addition, if we make transactions with large amounts of money, banks may suspect that we are laundering and freezing our accounts, too much trouble with the bitcoin bank. Now bitcoin with online wallets is still good although sometimes the transaction fees are quite high but it is very convenient

adzino

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Quote from: Peashooter on June 18, 2017, 03:08:29 AM

Bitcoin bank is nice idea.however, there still no bank that accepts bitcoin as deposit. Some people keep their bitcoin in online wallet and I think they didn’t want to save their bitcoin in the bank. If there’s a bank who accept bitcoin I guess they can’t handle because the price of bitcoin is always change.

You are saying it is a good idea. But then bitcoins loses one of it's feature - decentralization. Depositing your coins on bank gives the bank the whole power to control your coins, while you lose your powers. They can deny access to your account anytime, whenever they wish. You can use xapo and coinbase. They act as a form of "bank" by controlling your coins.

Fireblade

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Quote from: foxbat on June 18, 2017, 01:14:35 PM

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'm not sure about this idea because I do not understand much about bitcoin bank work principle. Will it act like other banks?I don't think that bitcoin suitable to put on the phrase 'bank'. If built, who is going to manage them, as well as payments on every face?We can't control the bitcoin, very difficult to manage.

i personally do not agree with the idea. to me i think the online wallet system is enough for us, having online wallet system i do not think that we need for any bitcoin bank, because we can get access to our wallet and use bitcoin from anywhere and at any time, there is no such restriction for using our online wallet. i also think that there is no such security problem to our online wallet system. because we can use different security

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