Dangerous type of stuff.
Bitcoins aren't that dangerous but dealing with other peoples money is something that you shouldn't want to do unless you have experience or you have the money to backup whatever it is that you'll lose.
Bitcoins were built so that nobody could runaway with the money when banks collapse, when someone talks about making a Bitcoin bank -they might just be planning on running away with the money once they have enough people on board.
Topic: Do you agree with idea "Bitcoin bank" ? - page 53. (Read 142276 times)
Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.
With the bank of course many limitations and dependency, if transactions through bank definitely needed a valid data so that if we break the rules of course our money could be suspended unilaterally.
That idea about bitcoin bank has to be implemented legally and those account holders will learn from it so that you can be a better account holder. The rules and regulations must be followed because security of your money relied on it and this will be better options to have in the future of your money.
Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.
With the bank of course many limitations and dependency, if transactions through bank definitely needed a valid data so that if we break the rules of course our money could be suspended unilaterally.
Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.
With the bank of course many limitations and dependency, if transactions through bank definitely needed a valid data so that if we break the rules of course our money could be suspended unilaterally.
Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.
Bitcoin wallets could be consider our own bank but there are things missing in bitcoin wallets such as insurance and loan service. If our wallet is our bank then it should also provide us loans if we need to and if the site was hacked then the site hosting that wallet will refund our bitcoins. But those features were missing on our wallet thus it cannot be considered a bank but a storage wallet
You could use an exchange account as your web wallet
If an exchange provides trading on margin (there are quite a few such exchanges already), that basically means that users there can lend their funds to traders and thereby earn some interest. Some exchanges (e.g. Bitfinex) also pay the transaction fees for you, so you can use them in absolutely the same way as you would use a typical web wallet like Coinbase or Xapo and at the same time obtain profits by loaning your coins to a trading folk. So the former are closer to an idea of a Bitcoin bank than the latter
I am already contented on having a storage wallet and I don't need much like a bitcoin bank. I can already earn profits from exchanging unlike bank that you will pay for the loan interest. Also, I can protect my coin like how bank keep safe our money.
Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.
Bitcoin wallets could be consider our own bank but there are things missing in bitcoin wallets such as insurance and loan service. If our wallet is our bank then it should also provide us loans if we need to and if the site was hacked then the site hosting that wallet will refund our bitcoins. But those features were missing on our wallet thus it cannot be considered a bank but a storage wallet.
Bank is a storage of our money that provides security and we need to pay for that assurance that they were giving, somehow it is like our bitcoin wallet and we ourselves are the guarantor that it is secured , by on how we will take care of it and use it. Bitcoin wallet provides features that banks can as well offer but btc wallets needs more improvement but somehow they were the same as storage.
Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.
Bitcoin wallets could be consider our own bank but there are things missing in bitcoin wallets such as insurance and loan service. If our wallet is our bank then it should also provide us loans if we need to and if the site was hacked then the site hosting that wallet will refund our bitcoins. But those features were missing on our wallet thus it cannot be considered a bank but a storage wallet.
Can it be built bitcoin bank in the country that bitcoin dub illegal business when I hope the government can accept bitcoin in their country, and even better if in the wake of the bank bitcoin I strongly agree that bitcoin bank in tires 
the only way to control the user is with bitcoin bitcoin bank if that government efforts may not be a problem to make a bitcoin bank. it's up to you want to use bitcoin bank or not 
Bitcoin wallets have been termed as the users own bank which has got features similar to the features available with banking. Even with such a availability certain group of people depend on other person for transaction and other needs for which i suggest bank as a solution for it.
I am not sure if you're serious or not in building a Bitcoin Bank. It's pretty hard to build a Bitcoin Bank if you have no type of capital to begin with, the whole point of holding Bitcoin is just so the person could hold their coins and then state that they have an "X" amount of Bitcoins -it isn't about the money really.
If you begin building a Bitcoin Bank, I would suggest that you add on some kind of interest rate so people would get paid for having the coins remain within your Bitcoin Bank. Perhaps you could duplicate the wallet file and allow the person who deposited Bitcoin to spend the coins whenever they please?
If you begin building a Bitcoin Bank, I would suggest that you add on some kind of interest rate so people would get paid for having the coins remain within your Bitcoin Bank. Perhaps you could duplicate the wallet file and allow the person who deposited Bitcoin to spend the coins whenever they please?
With Bitcoin you are your own bank, so for the very essential form of banking, it would be a little weird to hand the benefits that provide the blockchain technology to a third party just because you don't want to do such simple tasks as keeping your private key safe.
No I do not think that we need something like that because of the fact that its something that is not needed for us right now.
I agree with you, I think we do not really need a bitcoin bank dude, because in fact we still can easily store your bitcoin in a wallet and it's much safer than bank and without any control right ?
Can it be built bitcoin bank in the country that bitcoin dub illegal business when I hope the government can accept bitcoin in their country, and even better if in the wake of the bank bitcoin I strongly agree that bitcoin bank in tires
A bitcoin bank is not what we need. In think the current online wallets like blockchain.info and coindesk server this cause.
Bitcoin is meant to be decentralized, and so it should be.
In a way they are already bitcoin banks since they are storing a big amount of bitcoin that does not belong to them, the only thing they are lacking is offering interest rates for having your money there, but I have my doubts a bitcoin bank could offer such a thing.Bitcoin is meant to be decentralized, and so it should be.
excellence bitcoin bank only provides interest to customers
That will be a nice future of bitcoin idea for banking if government will successfully approve that digital currency banking system. All the requirements for banking rules on accounts should be followed accordingly based on what is implemented by bank's management. On this vision of bitcoin banking, it would surely bring higher impact to digital currency reputation to became popular to all who wanted their btc holdings to became more secured; without cashing just for fiat bank savings.
A bitcoin bank is not what we need. In think the current online wallets like blockchain.info and coindesk server this cause.
Bitcoin is meant to be decentralized, and so it should be.
In a way they are already bitcoin banks since they are storing a big amount of bitcoin that does not belong to them, the only thing they are lacking is offering interest rates for having your money there, but I have my doubts a bitcoin bank could offer such a thing.Bitcoin is meant to be decentralized, and so it should be.
excellence bitcoin bank only provides interest to customers
I don't think that we could even theoretically consider the Blockchain.info wallet as a bank
Regular web wallets (like Coinbase or Xapo) are likely the closest approximation to what a regular Bitcoin bank could be. The Blockchain.info wallet is a so-called hybrid wallet where you have the keys, not just the server. Essentially, it is a browser wallet which does everything for you at the server side which you access through your browser. They have the keys only as long as your session is active (at least, that's what we are told), but you could import the keys in a desktop wallet and use them privately. Obviously, this in no case can be construed as a Bitcoin bank simply because it is assumed that the bank would be controlling your money (by having your private keys)
A bitcoin bank is not what we need. In think the current online wallets like blockchain.info and coindesk server this cause.
Bitcoin is meant to be decentralized, and so it should be.
In a way they are already bitcoin banks since they are storing a big amount of bitcoin that does not belong to them, the only thing they are lacking is offering interest rates for having your money there, but I have my doubts a bitcoin bank could offer such a thing.Bitcoin is meant to be decentralized, and so it should be.
excellence bitcoin bank only provides interest to customers
A bitcoin bank is not what we need. In think the current online wallets like blockchain.info and coindesk server this cause.
Bitcoin is meant to be decentralized, and so it should be.
In a way they are already bitcoin banks since they are storing a big amount of bitcoin that does not belong to them, the only thing they are lacking is offering interest rates for having your money there, but I have my doubts a bitcoin bank could offer such a thing.Bitcoin is meant to be decentralized, and so it should be.
excellence bitcoin bank only provides interest to customers
A bitcoin bank is not what we need. In think the current online wallets like blockchain.info and coindesk server this cause.
Bitcoin is meant to be decentralized, and so it should be.
In a way they are already bitcoin banks since they are storing a big amount of bitcoin that does not belong to them, the only thing they are lacking is offering interest rates for having your money there, but I have my doubts a bitcoin bank could offer such a thing.Bitcoin is meant to be decentralized, and so it should be.
excellence bitcoin bank only provides interest to customers
I dont agree but i also dont think that it's a terrible idea!
I think that it could be a good idea depends on who you ask. Personally though i think that it could be beneficial.
There's only one way to find if it's beneficial to us, if bitcoin bank will progress and people will support it. For me, I'm already satisfied with exchange sites where I put my bitcoin and online wallet, banks will do the same and they are more strict to verify every transactions we will make if it's in compliance with the law's and regulations. I don't like too much of that because I want to experience full freedom with using bitcoin which is the main reason why it's created.I think that it could be a good idea depends on who you ask. Personally though i think that it could be beneficial.
We don't need that, though. Anyone who's in a hurry for mass adoption can leave now because it's not happening soon. ETF approval might shorten the process but it's still a long journey. I'm also thinking that if banks have adopted bitcoins, it's because the majority of people are already using bitcoins. The mass adoption has already happened or already happening. The government has only two choices, they either try their best to get rid of bitcoins (hard way) or just adopt to bitcoins (easy way).
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