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Topic: Do you agree with idea "Bitcoin bank" ? - page 46. (Read 142276 times)

sr. member
Activity: 504
Merit: 250
I disagree with the "Bank bitcoin" Because that would have formally binding rules, and hope it will not happen
hero member
Activity: 560
Merit: 500
If that "Bitcoin Bank" also provide interest every month like bank do, yes i agree. I will stored all my bitcoins into bitcoin bank if that happen. I'm sure many people also like that, but bitcoin bank must be under government control. So we feel save about our coins.
It still depends.Yes banks do offer annual or monthly interest but do you think of it that even you handling your own bitcoins can make an bigger interest/annual weekly or even daily on bitcoins.If you will focus on trading bitcoins to usd or whatever your currency is you will be able to make a profit bigger than what do banks offers.Investing is better than saving for me
sr. member
Activity: 938
Merit: 256
maybe someday it could happen, but of course if the government has legalized the existence of bitcoin, and tied with banking regulations and supervised by government authorities
I guess it's not a good thing for bitcoin if the movement is bound by the rules
sr. member
Activity: 532
Merit: 250
If that "Bitcoin Bank" also provide interest every month like bank do, yes i agree. I will stored all my bitcoins into bitcoin bank if that happen. I'm sure many people also like that, but bitcoin bank must be under government control. So we feel save about our coins.
legendary
Activity: 1372
Merit: 1008
I dont agree with this idea, because i think we don't need Bitcoin bank actually, or in the future. We can still using our secured wallets and its enough for every user of Bitcoin. Bitcoin is decentralized and anonymous, and the bank couldn't take this powerful features
i am also not agree with this idea. i think we are not going to join the previous traditional procedure again, i will like to continue with online wallet system which is more convenient to me as compare to banking system.

I agree with you. I do not know how it will be in the future, but at the current stage of development bitcoin the bank is not needed. You can do everything yourself. And this I like the system of cryptocurrency
for now may not be too necessary but we do not know what will happen in the future. maybe the government would legalize bitcoin on the condition that users want to use the bitcoin bank lol
hero member
Activity: 729
Merit: 500
Banks support would be good for bitcoin and crypto world, the simple fact that they allow and let you make investment over crypto without the risk to get your money frozen due to suspects of the source would be amazing, but a bitcoin bank pointing any other direction besides those possible adoption or support makes no sense, since we are our own bank already.
hero member
Activity: 1008
Merit: 501
I dont agree with this idea, because i think we don't need Bitcoin bank actually, or in the future. We can still using our secured wallets and its enough for every user of Bitcoin. Bitcoin is decentralized and anonymous, and the bank couldn't take this powerful features
True, I thought wallet was enough for a storage method bitcoin, freer, safer, etc. with banks only make complicated and certainly no freedom.

hero member
Activity: 1190
Merit: 541
I dont agree with this idea, because i think we don't need Bitcoin bank actually, or in the future. We can still using our secured wallets and its enough for every user of Bitcoin. Bitcoin is decentralized and anonymous, and the bank couldn't take this powerful features
i agree with you we do not need any bitcoin bank because we already safe our bitcoin in secure wallet and we feel much more secure with bitcoin wallet than bank and bank has also a big charges so bitcoin do not need any bank.
sr. member
Activity: 440
Merit: 250
I dont agree with this idea, because i think we don't need Bitcoin bank actually, or in the future. We can still using our secured wallets and its enough for every user of Bitcoin. Bitcoin is decentralized and anonymous, and the bank couldn't take this powerful features
i also do not have any interest in bitcoin banking system. i like to wallet system which is more convenient than banking system it allow me to use my bitcoin at any time and from anywhere, i just need my internet connection for that.
newbie
Activity: 36
Merit: 0
I dont agree with this idea, because i think we don't need Bitcoin bank actually, or in the future. We can still using our secured wallets and its enough for every user of Bitcoin. Bitcoin is decentralized and anonymous, and the bank couldn't take this powerful features
i am also not agree with this idea. i think we are not going to join the previous traditional procedure again, i will like to continue with online wallet system which is more convenient to me as compare to banking system.

I agree with you. I do not know how it will be in the future, but at the current stage of development bitcoin the bank is not needed. You can do everything yourself. And this I like the system of cryptocurrency
hero member
Activity: 630
Merit: 500
I dont agree with this idea, because i think we don't need Bitcoin bank actually, or in the future. We can still using our secured wallets and its enough for every user of Bitcoin. Bitcoin is decentralized and anonymous, and the bank couldn't take this powerful features
i am also not agree with this idea. i think we are not going to join the previous traditional procedure again, i will like to continue with online wallet system which is more convenient to me as compare to banking system.
hero member
Activity: 1134
Merit: 517
Yes,  i like it. Im waiting for this bitcoin bank and if launched this, more people come in internet and searh for how to earn money on bitcoin. And bitcoin is the best way to earn free money, i think people become reach now its very helpfull like other student working from home,  i hope launched it now bitcoin bank.  Smiley  Roll Eyes
Going through your post, it's evident you need more education on Bitcoin and how it works, other than  that, half baked bitcoiner is exactly what lies ahead. We are not going to have any full fledge Bitcoin bank, because there is no way a marriage between centralization and decentralization can be made possible except it is not Bitcoin we are talking about here!
hero member
Activity: 672
Merit: 500
I dont agree with this idea, because i think we don't need Bitcoin bank actually, or in the future. We can still using our secured wallets and its enough for every user of Bitcoin. Bitcoin is decentralized and anonymous, and the bank couldn't take this powerful features
legendary
Activity: 1008
Merit: 1060
I think a Bitcoin bank is completly useless. Why we need a bank if we can keep our own money?
- No, it's not completely useless, the bank is a very safe place, I have never seen a place to keep money safer than banks. If you keep your own money, you are sure that it will not be lost or stolen. The bank can also give you a profit every month, why you say bank useless
- However, the idea of bitcoin bank still has many problems to face, such as the rapid transaction confirmation, bitcoin storage technology in the bank, etc. This is a good idea but it takes a long time to come true

First of all, the profit that you can get from time-depositing your money in the banks is too little to be worth mentioning. Banks are always the target of big time criminals. They are not going to rob you in particular since you probably have little amount of money compared to the banks. They are going to target the banks where everyone's money is located. Like, why would you choose to target a small one, when you can target a much larger one. If some genius would want to stop chaos in this world, for sure he will target the banks since almost everyone's problem came from financial issues.

"If you keep your own money, you are sure that it will not be lost or stolen." Funny how you pointed out that banks will give you the best security but here you mentioned that keeping your own money will assure that your money will never be lost or stolen.
sr. member
Activity: 308
Merit: 250
I think a Bitcoin bank is completly useless. Why we need a bank if we can keep our own money?
- No, it's not completely useless, the bank is a very safe place, I have never seen a place to keep money safer than banks. If you keep your own money, you are sure that it will not be lost or stolen. The bank can also give you a profit every month, why you say bank useless
- However, the idea of bitcoin bank still has many problems to face, such as the rapid transaction confirmation, bitcoin storage technology in the bank, etc. This is a good idea but it takes a long time to come true
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
In my own opinion, wallet service providers like Coinbase, CoinPayments, Blockchain, etc are actually functioning like banks. You deposit your Bitcoin into them, you can access your Bitcoin via their portals and you can use your Bitcoin with all of their functionalities. Now, having a bank may not be a bad idea as long as it is functioning with transparency and should not be short-lived and left with depositors crying. I have no problem with this and I think many days ago I already seen an ad for a so-called Bitcoin Bank

And how are they different from personal wallets?

Now when they are demanding fees for sending your bitcoins, they are no longer relevant (at least, as long as you can provide sufficient level of safety for your coins yourself). With fiat, you cannot transact without banks somewhere in between you and the party you send to or receive money from (unless you use cash, of course). But with Bitcoin, "you are your own bank", and thus there is no reason to somehow distinguish web wallets specifically as "Bitcoin banks"
hero member
Activity: 756
Merit: 500
bitcoin is kind of the opposite of the bank, it's a free and decentralized anonymous currency!
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.

Yep, and that's why most of us loves to have our very own bank with the use of bitcoin wallet. We are avoiding to be charged by banks for using their service and we know in banks there's no way to gain our deposits. They are the only one that will have the benefit for using our money for their loans but with bitcoin it will grow suddenly as the price increases.

well indeed bitcoin is innovation of existing financial, for if we see from the system and also the financial agency bitcoin (banks) will be much more beneficial if you use bitcoin. Because by simply depositing we could take anytime and anywhere, as long as we have access to the network and also not be charged monthly. In addition to deposits get no fee, we too can benefit greatly simply by saving it (if indeed buy cheap in price and save it to a high price and then sold)
 
hero member
Activity: 2590
Merit: 644
In my own opinion, wallet service providers like Coinbase, CoinPayments, Blockchain, etc are actually functioning like banks. You deposit your Bitcoin into them, you can access your Bitcoin via their portals and you can use your Bitcoin with all of their functionalities. Now, having a bank may not be a bad idea as long as it is functioning with transparency and should not be short-lived and left with depositors crying. I have no problem with this and I think many days ago I already seen an ad for a so-called Bitcoin Bank.
I agree with you. As long as you have your own bitcoin wallet and you have bitcoins in it then congrats because you are already a bank and you an independent bank and no one is controlling you and that is good for the people out there because that is what kind of bank they are looking for those who have a huge freedom and having a bank like fiat will be one of the worst idea because it will be resulted into manipulation and being controlled by the government or any big organizations.
hero member
Activity: 490
Merit: 501
In my own opinion, wallet service providers like Coinbase, CoinPayments, Blockchain, etc are actually functioning like banks. You deposit your Bitcoin into them, you can access your Bitcoin via their portals and you can use your Bitcoin with all of their functionalities. Now, having a bank may not be a bad idea as long as it is functioning with transparency and should not be short-lived and left with depositors crying. I have no problem with this and I think many days ago I already seen an ad for a so-called Bitcoin Bank.
hero member
Activity: 938
Merit: 1000
I think a Bitcoin bank is completly useless. Why we need a bank if we can keep our own money?
bad thinking, I have a point if that really happen, as far as i know bank had a interest every month or may be years, it's count how many we hold Bitcoin on that bank, of course you'll get a interest. that point if we keep hold Bitcoin on bank, Correct me if im Wrong
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