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Topic: Do you agree with idea "Bitcoin bank" ? - page 38. (Read 142276 times)

member
Activity: 150
Merit: 10
I do not agree with bitcoin bank, bitcoin already has a secure system for us to store bitcoin, lots of online wallet that we can use, so no more bank, bank will only add cost for us to save bitcoin
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
for me online bitcoin wallets serves me as bitcoin bank already and I used it for a long time.
Definitely, that's why we do not need a bank anymore, otherwise it will defeat the purpose of bitcoin to go decentralized.

i hate blockchain. high fee. low transaction.
It's normal dude, you can play high fees to get your transaction faster but fees are really getting high nowadays.
hero member
Activity: 2716
Merit: 904
for me online bitcoin wallets serves me as bitcoin bank already and I used it for a long time.


full member
Activity: 237
Merit: 100
I know that many people disagree but I wouldn't.mind if there was a bitcoin bank. That could enhance some services related to bitcoin and give the users different optimist. Afterall we are all using wallets and exchangers, isn't that some form or bank too? Maybe we should try with some experimental bank.

A purse is not a bank. Money in my purse is controlled only by me. And I know for sure that no one will block them and that I have no obligations to a third party.
I do not understand why you need a bitcoin bank. This is a useless service
hero member
Activity: 658
Merit: 505
I know that many people disagree but I wouldn't.mind if there was a bitcoin bank. That could enhance some services related to bitcoin and give the users different optimist. Afterall we are all using wallets and exchangers, isn't that some form or bank too? Maybe we should try with some experimental bank.
sr. member
Activity: 300
Merit: 250
Why does everyone here take the term Bitcoin bank so seriously, that they think it's against Bitcoin?

Exchanges and wallet services can be seen as Bitcoin banks already, and they aren't against Bitcoin at all. On top of that, no one is forcing people to make use of whatever service ~ it's all optional.

If people here really worry about Bitcoin banks being against decentralization, they should also stop using exchanges, online wallet services, gambling sites, and the list goes on. Otherwise that claim holds zero value.

Apparently, very amount of people realize that they are being ironic by saying that they hate centralization when meanwhile they are using exchanges and web wallets. Grin

In any economy, there would always be some sort of centralization. There would always be a group of people trusting a third party. For example, there's a wide range of users that actually hold a lot of money in a web wallet. Most of them hate studying the technical part of bitcoins and most of them want to stick with what's the easiest way.
Haha that is true bro. They are using webwallets and exchange every day and they keep saying that they hate the centralized system. Well, at least they do not have to work with the government ROFL. Hope that they will soon understand how bad web wallets can be
hero member
Activity: 588
Merit: 500
Why does everyone here take the term Bitcoin bank so seriously, that they think it's against Bitcoin?

Exchanges and wallet services can be seen as Bitcoin banks already, and they aren't against Bitcoin at all. On top of that, no one is forcing people to make use of whatever service ~ it's all optional.

If people here really worry about Bitcoin banks being against decentralization, they should also stop using exchanges, online wallet services, gambling sites, and the list goes on. Otherwise that claim holds zero value.

Apparently, very amount of people realize that they are being ironic by saying that they hate centralization when meanwhile they are using exchanges and web wallets. Grin

In any economy, there would always be some sort of centralization. There would always be a group of people trusting a third party. For example, there's a wide range of users that actually hold a lot of money in a web wallet. Most of them hate studying the technical part of bitcoins and most of them want to stick with what's the easiest way.
hero member
Activity: 588
Merit: 500
Why does everyone here take the term Bitcoin bank so seriously, that they think it's against Bitcoin?

Exchanges and wallet services can be seen as Bitcoin banks already, and they aren't against Bitcoin at all. On top of that, no one is forcing people to make use of whatever service ~ it's all optional.

If people here really worry about Bitcoin banks being against decentralization, they should also stop using exchanges, online wallet services, gambling sites, and the list goes on. Otherwise that claim holds zero value.
in fact we are all again the traditional banks, where you have to visit and deposit your bitcoin. and secondly who will give the suriety about the security of bitcoin banks, as we have already so many cases about exchanges hacking so what about the  bitcoin banks. may be it will more easy for the hacker to hack the banks and take the  money away, and we will have no way to claim for our bitcoin. therefore to me i am ok with my online wallets that i consider more safer than bitcoin banks.
hero member
Activity: 874
Merit: 1000
Why does everyone here take the term Bitcoin bank so seriously, that they think it's against Bitcoin?

Exchanges and wallet services can be seen as Bitcoin banks already, and they aren't against Bitcoin at all. On top of that, no one is forcing people to make use of whatever service ~ it's all optional.

If people here really worry about Bitcoin banks being against decentralization, they should also stop using exchanges, online wallet services, gambling sites, and the list goes on. Otherwise that claim holds zero value.

I have the same thought. Tbh, I think folks that dislike the bank idea are the same types of people that keep their $ under a mattress because they don't trust banks with their cash. This is their decision, but it doesn't mean that the rest of us don't want some extra level of security. When I keep money in the bank I "know" it's highly unlikely to be stolen. When I keep bitcoins I "know" it's highly likely to be stolen unless I'm ultra careful as to how I exchange coins on the internet. It's the double-edge sword with bitcoin. It's ultra easy to trade using your keys, but it's easy to lose as well. I personally would be thrilled to use a bank where you could secure your assets, and maybe get a low % interest rate.
legendary
Activity: 1526
Merit: 1179
Why does everyone here take the term Bitcoin bank so seriously, that they think it's against Bitcoin?

Exchanges and wallet services can be seen as Bitcoin banks already, and they aren't against Bitcoin at all. On top of that, no one is forcing people to make use of whatever service ~ it's all optional.

If people here really worry about Bitcoin banks being against decentralization, they should also stop using exchanges, online wallet services, gambling sites, and the list goes on. Otherwise that claim holds zero value.
member
Activity: 93
Merit: 10
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.
no i do not agree with idea bitcoin bank
sr. member
Activity: 1057
Merit: 261
I don't agree with bitcoin bank because it is like destroying the bitcoin because bitcoin is not for storage, it is for usage and people like to use bitcoin as a currency and not an asset only that need to be stored for safety. Bitcoin bank is such a bad idea and we should be not developing like this because it is all against the real essence of bitcoin.
Yes that is correct. Bitcoin bank is totally against the meaning of Bitcoin. BItcoin was created for the anonymity and the security and the decentralized system. Therefore, do not ever put your bitcoin in some kind of Bitcoin banks
I agree that ask about bitcoin bank completely reverse meaning actually what bitcoin deserve. It against Bitcoin freedom and decentralized system and so on. Moreover, bitcoin is kind of the opposite of the bank. So, no chance agrees this idea.
hero member
Activity: 854
Merit: 500
I don't agree with bitcoin bank because it is like destroying the bitcoin because bitcoin is not for storage, it is for usage and people like to use bitcoin as a currency and not an asset only that need to be stored for safety. Bitcoin bank is such a bad idea and we should be not developing like this because it is all against the real essence of bitcoin.
Yes that is correct. Bitcoin bank is totally against the meaning of Bitcoin. BItcoin was created for the anonymity and the security and the decentralized system. Therefore, do not ever put your bitcoin in some kind of Bitcoin banks
yes you are right, i dont agree too, if bitcoin bank will be established, government will know this and they will limit the people who earn it. they will make a law regarding to this and they will put taxes on us. it is not good , we love bitcoin because we can earn it anonymously therefore, for me it is not good to have a bitcoin bank.
sr. member
Activity: 546
Merit: 252
What is the reason to keep your bitcoins at third party hands? For example Xapo claims that they hold all bitcoins in undisclosed locations underground. Maybe there is no any "hidden locations", it`s very risky anyway to pass your bitcoin control to somebody except your nearest family members.
hero member
Activity: 1680
Merit: 655
I don't agree with bitcoin bank because it is like destroying the bitcoin because bitcoin is not for storage, it is for usage and people like to use bitcoin as a currency and not an asset only that need to be stored for safety. Bitcoin bank is such a bad idea and we should be not developing like this because it is all against the real essence of bitcoin.
Yes that is correct. Bitcoin bank is totally against the meaning of Bitcoin. BItcoin was created for the anonymity and the security and the decentralized system. Therefore, do not ever put your bitcoin in some kind of Bitcoin banks
Having the bank control your Bitcoin will totally limit your earnings as they are the ones benefiting from your Bitcoin. But I don't see any possibility that Bitcoin banks will exist due to legal issues, also what Banks are looking for is a stable currency to work with as a volatile currency would only cause them headaches at an accounting point of view.
sr. member
Activity: 350
Merit: 250
I don't agree with bitcoin bank because it is like destroying the bitcoin because bitcoin is not for storage, it is for usage and people like to use bitcoin as a currency and not an asset only that need to be stored for safety. Bitcoin bank is such a bad idea and we should be not developing like this because it is all against the real essence of bitcoin.
Yes that is correct. Bitcoin bank is totally against the meaning of Bitcoin. BItcoin was created for the anonymity and the security and the decentralized system. Therefore, do not ever put your bitcoin in some kind of Bitcoin banks
hero member
Activity: 882
Merit: 506
I think this idea is not feasible given that this will necessitate government and state regulations in conformity to international banking standards. Having this centralized system of governance will exploit the digital currency idea of Bitcoins. However, we do not close doors to possibilities in the near future. But as of the moment, I do not think it is a bright idea. 
sr. member
Activity: 896
Merit: 272
OWNR - Store all crypto in one app.
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 agree with idea about bitcoin bank because some people will come in the bank and to deposit there bitcoin to make it secure.Bitcoin bank will help the market to hold the bitcoin and help the people who wants to borrow some bitcoin or to loan. If there’s a bitcoin bank some people will use it in their business because it has low fees.
sr. member
Activity: 2436
Merit: 343
I don't agree with bitcoin bank because it is like destroying the bitcoin because bitcoin is not for storage, it is for usage and people like to use bitcoin as a currency and not an asset only that need to be stored for safety. Bitcoin bank is such a bad idea and we should be not developing like this because it is all against the real essence of bitcoin.
sr. member
Activity: 378
Merit: 250
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.
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