Do you agree with idea "Bitcoin bank" ? - page 42.

deisik

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Quote from: Neo_matrix on April 23, 2017, 03:29:51 PM

Bitcoin is an ideal system that is designed to do without the services of banks. Therefore, I do not understand why complicating this process. Bitcoin Bank will not bring anything for users except for extra costs and control

Have you used a web wallet yourself?

Even if you have, you certainly didn't (try to) use the official Bitcoin client since otherwise you would have known that wallets are not really complicating the process. They are in fact simplifying it by hiding all the gory details from the user's eyes. The user doesn't have to know anything about Bitcoin inner workings, how it is built and of which parts it is made (blockchain, blocksizes, etc). He just need to learn what Bitcoin address is, and that's pretty much all

freedomno1

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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.

Perhaps a definition change is needed and we should change Bitcoin Bank to a bank that is designed for Bitcoin users and Bitcoin companies instead of one that makes Bitcoin the bank.
Seeing how exchanges are having difficulties with traditional banks.

Schuyler

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Quote from: ipungadhi on April 23, 2017, 09:48:10 PM

Quote from: ?? on ??

Yeah why not , if u have a lot of money and u want to turn into BTC and u can save in bitcoin bank , to use in past with "credicard".

For now it seems there is no bitcoin bank. After all, few users are interested. I myself was not interested because I much prefer storing bitcoin in the wallet

Storing bitcoin in a wallet is a like putting your money in a bank, so that means that a wallet already serves as bank itself, so to speak. It also performs a lot of different functions, much like banks, and the good thing is that you are in complete control of what you want to do with your bitcoin.

megalith researcher

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I do not see much sense in using something like this, since that way you would not have full control over your coins. Moreover, if a large amount of Bitcoin were stored in banks, the banksters would manipulate the Bitcoin price.

ipungadhi

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Quote from: ?? on ??

Yeah why not , if u have a lot of money and u want to turn into BTC and u can save in bitcoin bank , to use in past with "credicard".

For now it seems there is no bitcoin bank. After all, few users are interested. I myself was not interested because I much prefer storing bitcoin in the wallet

Creepings

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Quote from: Duzter on April 23, 2017, 08:41:45 PM

Quote from: Neo_matrix on April 23, 2017, 03:29:51 PM

Bitcoin is an ideal system that is designed to do without the services of banks. Therefore, I do not understand why complicating this process. Bitcoin Bank will not bring anything for users except for extra costs and control

For the people who are not much educated to use the computer and internet facilities can start using bitcoin if banking service is started. But as said the decentralization will soon gets destroyed, because the firm having control of the banking system hold the control.

Who's that kind of stupid that will use bitcoin without a knowledge of using or knowing what a computer or even the internet? Bitcoin is a difital currency and you need those to access your bitcoin wallet, hiw can you say that they do not know them? And that is the reason I don't agree with these idea, Bitcoin is made so we can supervise our own bitcoin, we are ourselves is the bank of our own bitcoinm

Duzter

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Quote from: Neo_matrix on April 23, 2017, 03:29:51 PM

Bitcoin is an ideal system that is designed to do without the services of banks. Therefore, I do not understand why complicating this process. Bitcoin Bank will not bring anything for users except for extra costs and control

For the people who are not much educated to use the computer and internet facilities can start using bitcoin if banking service is started. But as said the decentralization will soon gets destroyed, because the firm having control of the banking system hold the control.

JasonXG

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Quote from: bettercrypto on April 23, 2017, 03:31:44 PM

Quote from: Mike Mayor on April 23, 2017, 03:24:43 PM

You can't agree or not agree with a Bitcoin bank since there already is a bank. You are the bank. If you don't know these things then why re you on the forum ? Knowing you are your own bank is the basics of bitcoin. Anyone entertaining this silly notion shouldn't even be involved in bitcoins never mind be on this thread.

Quote from: Neo_matrix on April 23, 2017, 03:29:51 PM

Bitcoin is an ideal system that is designed to do without the services of banks. Therefore, I do not understand why complicating this process. Bitcoin Bank will not bring anything for users except for extra costs and control

I agree so no to Bitcoin Banks

No... With bitcoin you are the bank. Wtf would you want to send your bitcoin to another wallet for ? *facepalm* *eye roll*

whizter

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Quote from: Mike Mayor on April 23, 2017, 03:24:43 PM

You can't agree or not agree with a Bitcoin bank since there already is a bank. You are the bank. If you don't know these things then why re you on the forum ? Knowing you are your own bank is the basics of bitcoin. Anyone entertaining this silly notion shouldn't even be involved in bitcoins never mind be on this thread.

i also think that it is not such a good idea. to me i think in currently time the online wallet system is the best system and i will like to continue using this system, as in bitcoin bankiing system will will just like the other offline banking system but still i like to continue with online wallet system.

bettercrypto

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Quote from: Mike Mayor on April 23, 2017, 03:24:43 PM

You can't agree or not agree with a Bitcoin bank since there already is a bank. You are the bank. If you don't know these things then why re you on the forum ? Knowing you are your own bank is the basics of bitcoin. Anyone entertaining this silly notion shouldn't even be involved in bitcoins never mind be on this thread.

Quote from: Neo_matrix on April 23, 2017, 03:29:51 PM

Bitcoin is an ideal system that is designed to do without the services of banks. Therefore, I do not understand why complicating this process. Bitcoin Bank will not bring anything for users except for extra costs and control

I agree so no to Bitcoin Banks

Neo_matrix

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Bitcoin is an ideal system that is designed to do without the services of banks. Therefore, I do not understand why complicating this process. Bitcoin Bank will not bring anything for users except for extra costs and control

deisik

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Quote from: Victorycoin on April 23, 2017, 02:31:14 PM

Quote from: deisik on April 22, 2017, 04:20:47 PM

Quote from: Silberman on April 21, 2017, 11:25:11 PM

Quote from: cengsuwuei on April 16, 2017, 07:49:44 PM

Quote from: ETFbitcoin link=topic=1652815.msg16605982#msg16605982 date=

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 is not stupid idea
bitcoin bank is good, moreover bitcoin bank is real company real bank, you can withdraw fiat money to bitcoin bank office
deposit, withdraw bitcoin only one office, real office, so bitcoin user can seasy exchange bitcoin to fiat money

Bitcoin in itself is an statement against banks and their power, so while it is possible a bitcoin bank comes to happen most of the users are against it because we understand the underhanded tactics that bankers use to get things done and we don’t want to have anything to do with that

I wholeheartedly agree with this stance

But that doesn't mean that banks can't adapt. In fact, Bitcoin is not so much against commercial banks as such, as against the centralized banking system with a Central bank reigning supreme in the heart of it. But that hasn't always been the case. There had been times when banks were not ruled and controlled by an entity which we now refer to as central bank. Each bank was fully on their own back then, and I don't think that those banks would be against Bitcoin just like Bitcoin itself would be "a statement against banks and their power" in regard to such banks

Each bank to itself was back in the days, but what we now have is a central bank - an agency of the government for monitoring, manipulating and dictating to the appendage banks however and whatever they deem fit. How are those ever going to fit in with what Bitcoin stands for? Bitcoin was designed to turn every user into his/her own bank anything more in that direction is simply useless.

But you seem to have missed the real point of my post

Indeed, the banking system built around a central bank is in direct antagonism to Bitcoin (even if individual banks can embrace Bitcoin in some obscure or bizarre way), but that doesn't mean that banks, conceptually, are antagonistic to Bitcoin. If it were so, we couldn't even say that Bitcoin can turn "every user into their own bank", right? In the other words, there can be wicked banks which are the spawns of an ever evil central bank, and angel banks which are just like a typical Bitcoin user from the network perspective

Mike Mayor

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You can't agree or not agree with a Bitcoin bank since there already is a bank. You are the bank. If you don't know these things then why re you on the forum ? Knowing you are your own bank is the basics of bitcoin. Anyone entertaining this silly notion shouldn't even be involved in bitcoins never mind be on this thread.

Victorycoin

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Quote from: deisik on April 22, 2017, 04:20:47 PM

Quote from: Silberman on April 21, 2017, 11:25:11 PM

Quote from: cengsuwuei on April 16, 2017, 07:49:44 PM

Quote from: ETFbitcoin link=topic=1652815.msg16605982#msg16605982 date=

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 is not stupid idea
bitcoin bank is good, moreover bitcoin bank is real company real bank, you can withdraw fiat money to bitcoin bank office
deposit, withdraw bitcoin only one office, real office, so bitcoin user can seasy exchange bitcoin to fiat money

Bitcoin in itself is an statement against banks and their power, so while it is possible a bitcoin bank comes to happen most of the users are against it because we understand the underhanded tactics that bankers use to get things done and we don’t want to have anything to do with that

I wholeheartedly agree with this stance

But that doesn't mean that banks can't adapt. In fact, Bitcoin is not so much against commercial banks as such, as against the centralized banking system with a Central bank reigning supreme in the heart of it. But that hasn't always been the case. There had been times when banks were not ruled and controlled by an entity which we now refer to as central bank. Each bank was fully on their own back then, and I don't think that those banks would be against Bitcoin just like Bitcoin itself would be "a statement against banks and their power" in regard to such banks

Each bank to itself was back in the days, but what we now have is a central bank - an agency of the government for monitoring, manipulating and dictating to the appendage banks however and whatever they deem fit. How are those ever going to fit in with what Bitcoin stands for? Bitcoin was designed to turn every user into his/her own bank anything more in that direction is simply useless.

TryNinja

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I'm just going to c/p this from another member.
"I think we don't need it as bitcoin is meant to remain decentralized always and the idea of bank is to centralize bitcoin." /closed

deisik

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Quote from: Silberman on April 21, 2017, 11:25:11 PM

Quote from: cengsuwuei on April 16, 2017, 07:49:44 PM

Quote from: ETFbitcoin link=topic=1652815.msg16605982#msg16605982 date=

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 is not stupid idea
bitcoin bank is good, moreover bitcoin bank is real company real bank, you can withdraw fiat money to bitcoin bank office
deposit, withdraw bitcoin only one office, real office, so bitcoin user can seasy exchange bitcoin to fiat money

Bitcoin in itself is an statement against banks and their power, so while it is possible a bitcoin bank comes to happen most of the users are against it because we understand the underhanded tactics that bankers use to get things done and we don’t want to have anything to do with that

I wholeheartedly agree with this stance

But that doesn't mean that banks can't adapt. In fact, Bitcoin is not so much against commercial banks as such, as against the centralized banking system with a Central bank reigning supreme in the heart of it. But that hasn't always been the case. There had been times when banks were not ruled and controlled by an entity which we now refer to as central bank. Each bank was fully on their own back then, and I don't think that those banks would be against Bitcoin just like Bitcoin itself would be "a statement against banks and their power" in regard to such banks

prashanta

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Sounds great, Obviously , such situation must be happened. Because is that btc price is frequently growing up as well it is described that it reaches very high price. So by that time third party service banks will try to have control of our btc holding it on our requirements.
Most probably that time is closed to door.

Baofeng

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Quote from: Anjing Lu on April 22, 2017, 10:11:46 AM

I agree with the idea of bitcoin bank, with the bank then bitcoin bitcoin stored into a more safe and secure, otherwise it will create a bitcoin is legal and can be used in different transactions.

Well its possible for you to keep your bitcoin safe. You don't need bitcoin banks to do it. You can control your bitcoin by keeping the private key or the seed. At least you have total control of it. You can withdraw or deposit bitcoin in your wallet as well. So for me, having a bitcoin bank is useless. It defeat the purpose of bitcoin being de-centralized.

MioTaiHeo

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Quote from: whizter on April 22, 2017, 02:39:47 PM

Quote from: Ipwich on April 21, 2017, 04:05:02 AM

Quote from: Rasel5209 on April 21, 2017, 02:36:11 AM

yea, i agreed bitcoin bank because btc wallet high charge. so i agreed btc bank.

So do you think it will give you a lower fee if there will be a bitcoin bank, I think it will also increase the fee just like the real
bank. As much as possible we have to retain the decentralized and banks will surely eliminate it.

to me i personally do not think that they will charge a less fee than wallet, i do not like the because it is like to traditional banking system and i do not take it. i think it is best to use online wallet from anywhere and at any time, as there is restriction about the time and place to your your online wallet, therefore i will like to continue with online wallet system.

I agree with you. I do not need a bank like that either. What is the point in this? I myself can use all the services through my wallet. It's convenient and free. The banking system charges large commissions for this

whizter

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Quote from: Ipwich on April 21, 2017, 04:05:02 AM

Quote from: Rasel5209 on April 21, 2017, 02:36:11 AM

yea, i agreed bitcoin bank because btc wallet high charge. so i agreed btc bank.

So do you think it will give you a lower fee if there will be a bitcoin bank, I think it will also increase the fee just like the real
bank. As much as possible we have to retain the decentralized and banks will surely eliminate it.

to me i personally do not think that they will charge a less fee than wallet, i do not like the because it is like to traditional banking system and i do not take it. i think it is best to use online wallet from anywhere and at any time, as there is restriction about the time and place to your your online wallet, therefore i will like to continue with online wallet system.

Topic: Do you agree with idea "Bitcoin bank" ? - page 42. (Read 142276 times)