Topic: Do you agree with idea "Bitcoin bank" ? - page 54. (Read 142276 times)
I am new on the forum, and I just register at the one BTC bank from Bitcointalk.
I really think this is not a good idea. Who on earth would put their bitcoins on a bank? I mean we can manage it by our own and there will be a lot of charges and fees if it will be implemented. But if there are few who agrees, I can't blame them it's their life.
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
Bitcoin bank is not like a bank in real life which is govern by the government and there is a strict rules and regulations that every depositors should follow. I think for now online wallet is nice to be considered as our bank as we can easily transaction without much restrictions.
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
It's simply impossible , "Bitcoin bank" defeats the whole purpose of using Bitcoin in the first place. Banks wants to take control over customers accounts (including the fees and interest rates) and freeze them whenever they feel like it while Bitcoin is totally the opposite.
Services that control your private keys could be considered as Bitcoin banks as well and shouldn't be used (this apply for both debit card services and "wallets/exchanges")
Services that control your private keys could be considered as Bitcoin banks as well and shouldn't be used (this apply for both debit card services and "wallets/exchanges")
Indeed, this was the reall purpose of bitcoin bank. They want to take control of the bitcoin of each bitcoin users which is very stupid things they ever made if this will happen in this industry. Bitcoin bank is suited only for the debit card only and not for bitcoin directly.
why bother putting bitcoin in banks that charge you monthly fee, when you can store them for free in an online wallet
If a bank-like service pops up, it will most likely not charge any fees, but instead, it will attract people by offering a certain interest rate over their coins. This interest rate will offer a lot people enough incentive to hurry and store their coins within this service.
there are more important things that we need to do with the bitcoin like making it a major payment method
Bitcoin as it is isn't a good local currency that people can use easily to buy their daily needs. For that to happen certain updates need to be implemented first. Other than that, at this point the far majority of the people purely use Bitcoin as investment tool, and not as currency tool. It's also the mindset that needs to change here if you at some point want to see Bitcoin become a great form of payment.
and increasing the number of people using it before thinking of making banks.
Ok, and what are your efforts in this regard so far?
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.
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.
I agree with you. bitcoin bank actually not so needed by users bitcoin because users prefer to use the wallet because it is safer and freedom. users more in need of faster transactionsBitcoin is meant to be decentralized, and so it should be.
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.
Why would I use bank for my bitcoins? I also think that this idea is stupid, and I don`t know how banks are planning to get into bitcoin community. That will be tricky for them, what can they offer to me (or us) to open bitcoin wallet in some bank, pay monthly account maintenance, what can they do for me, that I can`t do myself?
Only one thing fall on my mind and that is high saving rate. I opened some saving calculator and for example best bank in my country offer if I save in my currency 1 000 000 dinars for one year (that is 9 000 dollars) I can earn 90 000 dinars (850 dollars).
If I save in foreign currency, for example dollars, 10 000 dollars for one year will bring me 396 dollars. Which is joke, so how big interest they can offer for bitcoin to I be attracted to save my bitcoins in some bank?
Only one thing fall on my mind and that is high saving rate. I opened some saving calculator and for example best bank in my country offer if I save in my currency 1 000 000 dinars for one year (that is 9 000 dollars) I can earn 90 000 dinars (850 dollars).
If I save in foreign currency, for example dollars, 10 000 dollars for one year will bring me 396 dollars. Which is joke, so how big interest they can offer for bitcoin to I be attracted to save my bitcoins in some bank?
Agreed, if there is a bitcoin bank this is nothing difference with an ordinary bank in the public. Once we entrust our bitcoin to them they're gonna use our bitcoin to lend it to other bitcoin users with prior interest. Then like what you said monthly maintenance requirement because if we didn't comply to their rules our balance to them will reduce. And that's what I don't want to be happen, so I don't agree with such crazy idea.
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.
I think that it could be a good idea depends on who you ask. Personally though i think that it could be beneficial.
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.
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.
Why would I use bank for my bitcoins? I also think that this idea is stupid, and I don`t know how banks are planning to get into bitcoin community. That will be tricky for them, what can they offer to me (or us) to open bitcoin wallet in some bank, pay monthly account maintenance, what can they do for me, that I can`t do myself?
Only one thing fall on my mind and that is high saving rate. I opened some saving calculator and for example best bank in my country offer if I save in my currency 1 000 000 dinars for one year (that is 9 000 dollars) I can earn 90 000 dinars (850 dollars).
If I save in foreign currency, for example dollars, 10 000 dollars for one year will bring me 396 dollars. Which is joke, so how big interest they can offer for bitcoin to I be attracted to save my bitcoins in some bank?
Only one thing fall on my mind and that is high saving rate. I opened some saving calculator and for example best bank in my country offer if I save in my currency 1 000 000 dinars for one year (that is 9 000 dollars) I can earn 90 000 dinars (850 dollars).
If I save in foreign currency, for example dollars, 10 000 dollars for one year will bring me 396 dollars. Which is joke, so how big interest they can offer for bitcoin to I be attracted to save my bitcoins in some bank?
Agreed, if there is a bitcoin bank this is nothing difference with an ordinary bank in the public. Once we entrust our bitcoin to them they're gonna use our bitcoin to lend it to other bitcoin users with prior interest. Then like what you said monthly maintenance requirement because if we didn't comply to their rules our balance to them will reduce. And that's what I don't want to be happen, so I don't agree with such crazy idea.
Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
I believe exactly the same this one of the worst ideas I've ever heard,a "Bitcoin bank" has nothing to offer and it is against Bitcoin philosophy the few who agree with this idea and are interested in using a bank like this to keep their coins are probably newbies or people who never understood the concept of Bitcoin.it is also true your opinion, what now where I'm busy bank without an office, it was proclaimed, I think this takes the concept of bitcoin, and why did bitcoin should build bank while local banks that now are following the way bitcoin, why so bitcoin is follow local bank.
this is wrong
Only fiat will have a bank as bank produces it while bitcoin is created by satoshi.
Why is that necessarily bad for "end users"?
No one is forcing you to use Bitcoin banks at a point of a gun, right? Bitcoin is all about choice as almost any Bitcoin supporter claims. Such banks would obviously add to the stack of choices available. The question is not only about some abstract banks. More specifically, the matter is about regular banks starting to accept Bitcoin, and that's a completely different thing. Once they start doing that, many merchants will surely follow the lead since having a bank account basically means you can pay from it buying a lot of things online. i can't fathom how this could be bad for your end users
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.
I agree with you. bitcoin bank actually not so needed by users bitcoin because users prefer to use the wallet because it is safer and freedom. users more in need of faster transactionsBitcoin is meant to be decentralized, and so it should be.
If a company/organization can ensure the security of the funds and offers a good interest rate than all other fiat based banks, I'd definitely support the idea and will deposit my coins to grow them securely. They'll need to put some gold and lands somewhere as a collateral though.
You cannot only expect the interest from those kind of organization. there is minimum balance, high fees and so on will apply them accordingly. I do not go with the bitcoin bank option. we have our own and we are making transactions via that. Even government or firms does not reach this technology yet. After blockchain updated its 2.0 version then there is more anonymity It might achieve other attackers to take more 25 years from now.
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.
I agree with you. bitcoin bank actually not so needed by users bitcoin because users prefer to use the wallet because it is safer and freedom. users more in need of faster transactions Bitcoin is meant to be decentralized, and so it should be.
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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.
Well, it just recently comes to my mind. I think that online wallets just like blockchain.info and coinbase are basically worked like a bank, aren't they? They're making the bitcoin which people currently hold centralised by centralising it into their cold storage. And so far, there's no problem with it, probably people just not yet know about it or just don't care.Bitcoin is meant to be decentralized, and so it should be.
Thing like bitcoin bank is actually already existed, the example is two above, but, without insurance and any fees.
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.
of course bitcoin supposed decentralization. but by using bitcoin bank. then decentralization will be lost because of the control and identity will be discovered when joining in bitcoinBitcoin is meant to be decentralized, and so it should be.
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