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Topic: Do you agree with idea "Bitcoin bank" ? - page 56. (Read 142276 times)

hero member
Activity: 980
Merit: 523
February 28, 2017, 03:28:46 PM
I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.
bitcoin do not need any bank because we can secure our bitcoin and bitcoin has already a stable system to mange your bitcoin and i think bitcoin is much more safe and secure than bank and bitcoin is a digital currency and bank is just mange your fiat currency.
legendary
Activity: 1245
Merit: 1004
February 28, 2017, 03:25:30 PM
Bitcoin is 100% opposite of Bank

Gold in some regards too. You don't need a bank to store nuggets or exchanging them for goods & trades.
But banks are heavily engaged into the gold markets. Seemingly that's not so contradictorily.
full member
Activity: 154
Merit: 100
***crypto trader***
February 28, 2017, 02:54:12 PM
Bitcoin is 100% opposite of Bank
hero member
Activity: 1092
Merit: 501
February 28, 2017, 01:35:56 PM
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.

That's true Mr. Hero rank Smiley
 Even me I don't see the essence of bitcoin bank in this industry. But there are few people's here are using coinbase, xapo and circle huh.
majority of the bitcoin bank are the same with the system of the government in each country.
sr. member
Activity: 1232
Merit: 250
February 28, 2017, 12:50:39 PM
Having a Bitcoin bank has some positive effects, but it would contain many side-effects as well. Having a bank for it, will promote it largely and many new users who are safe players might want to test it. But it might loose its independence and many features due to regulations of the bank and the government. Personally I won't like to handover my BTC to 3rd Party.
legendary
Activity: 1232
Merit: 1091
February 28, 2017, 12:48:20 PM
I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.

Just browse through this thread and you'll see how many people find a "Bitcoin bank" a good addition. They either don't care about about the decentralized aspect of Bitcoin, or they simply don't know what it means. I think the latter plays an important role. Especially when they have the impression that they can gain interest over their coins as benefit. Financial compensation is a big thing for them. Big enough to make them not care about what features they sacrifice

And what features do they sacrifice exactly?

To actually "sacrifice" something, you should first value it highly. If you don't value something (i.e. it is of no use to you), you basically don't care if you have it or not. In any case, if you are not happy with this kind of "centralization", you can stay away from, but don't tell other people what to do (and what not to do). Other than that, folks seem not to notice the real culprit beyond all these mostly idle and futile talks about Bitcoin banking, i.e. the already existing heavy centralization in Bitcoin mining. This is what really matters for the future of Bitcoin, not some obscure Bitcoin banks

People praise the fact that Bitcoin allows them to send and receive transactions without third-party interference and that they finally own their value, but they are totally OK with making use of such a service. The decentralized aspect of Bitcoin clearly has value for them, but they seem to put it down like it's nothing. What does that say? People here just care about what they can gain in the financial meaning of the term, and thus they will discard their values.
sr. member
Activity: 280
Merit: 250
February 28, 2017, 11:48:19 AM
when satoshi had given you opportunity to control your own money so why you need 3rd party in between. we have full control of our own money so why should we take risk of handing oover our money to some 3rd party.
sr. member
Activity: 447
Merit: 250
February 28, 2017, 10:42:42 AM
I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.
I think bitcoin bank and indeed contradictory. but, I guess I would agree if it was for the development of bitcoin. I think with the bitcoin bank, then trust the people and government of the bitcoin will be higher.
yeah i think with their bitcoin bank. it can give a little positive feedback to the government that bitcoin users can be controlled by using a bank?
maybe the government could consider legalization
honestly if bitcoins will be accepted by banks i think that there will be more acceptance by government as well what will lead to stronger regulations and more centralization what will not have a good impact on bitcoin overall, I'm not too scared of that because i don't have tons of it but still if we want only the best for this currency we shouldn't allow bitcoin banks to pop up.
full member
Activity: 207
Merit: 100
February 28, 2017, 09:58:13 AM
I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.
I think bitcoin bank and indeed contradictory. but, I guess I would agree if it was for the development of bitcoin. I think with the bitcoin bank, then trust the people and government of the bitcoin will be higher.
The question should be why would a government or a bank start accepting bitcoin when you have so many options to convert your coins and if you are looking to keep your coins safe in a bank then i must call them the most foolish people on earth as bitcoin is created to have control over what you own and not a third party and now people wanted to save everything in the hands of a third party.  Roll Eyes
legendary
Activity: 3514
Merit: 1280
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February 28, 2017, 07:20:47 AM
I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.

Just browse through this thread and you'll see how many people find a "Bitcoin bank" a good addition. They either don't care about about the decentralized aspect of Bitcoin, or they simply don't know what it means. I think the latter plays an important role. Especially when they have the impression that they can gain interest over their coins as benefit. Financial compensation is a big thing for them. Big enough to make them not care about what features they sacrifice

And what features do they sacrifice exactly?

To actually "sacrifice" something, you should first value it highly. If you don't value something (i.e. it is of no use to you), you basically don't care if you have it or not. In any case, if you are not happy with this kind of "centralization", you can stay away from, but don't tell other people what to do (and what not to do). Other than that, folks seem not to notice the real culprit beyond all these mostly idle and futile talks about Bitcoin banking, i.e. the already existing heavy centralization in Bitcoin mining. This is what really matters for the future of Bitcoin, not some obscure Bitcoin banks
hero member
Activity: 3052
Merit: 685
February 28, 2017, 01:36:19 AM
I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.
I think bitcoin bank and indeed contradictory. but, I guess I would agree if it was for the development of bitcoin. I think with the bitcoin bank, then trust the people and government of the bitcoin will be higher.
yeah i think with their bitcoin bank. it can give a little positive feedback to the government that bitcoin users can be controlled by using a bank?
maybe the government could consider legalization
In what particular aspect of bitcoin? Legalization means we will be adopting to the system of the government and they will regulate bitcoin for sure. Bitcoin was created to give us freedom from the control of the government but if we will let them dictate us on what to do then it will defeat the purpose of bitcoin.
hero member
Activity: 1148
Merit: 504
February 27, 2017, 07:25:28 PM
I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.
I think bitcoin bank and indeed contradictory. but, I guess I would agree if it was for the development of bitcoin. I think with the bitcoin bank, then trust the people and government of the bitcoin will be higher.
yeah i think with their bitcoin bank. it can give a little positive feedback to the government that bitcoin users can be controlled by using a bank?
maybe the government could consider legalization
hero member
Activity: 946
Merit: 500
Bcnex - The Ultimate Blockchain Trading Platform
February 27, 2017, 06:27:13 PM
I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.

Just browse through this thread and you'll see how many people find a "Bitcoin bank" a good addition. They either don't care about about the decentralized aspect of Bitcoin, or they simply don't know what it means. I think the latter plays an important role. Especially when they have the impression that they can gain interest over their coins as benefit. Financial compensation is a big thing for them. Big enough to make them not care about what features they sacrifice.

exactly, our wallets alone can do the task as bank. It allows us to monitored our bitcoin and investments , we don't need a bank who requires a lot of fill up forms get or transacting. In ticking it is just one click away.
legendary
Activity: 1232
Merit: 1091
February 27, 2017, 04:06:34 PM
I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.

Just browse through this thread and you'll see how many people find a "Bitcoin bank" a good addition. They either don't care about about the decentralized aspect of Bitcoin, or they simply don't know what it means. I think the latter plays an important role. Especially when they have the impression that they can gain interest over their coins as benefit. Financial compensation is a big thing for them. Big enough to make them not care about what features they sacrifice.
sr. member
Activity: 1176
Merit: 252
February 27, 2017, 03:22:46 PM
I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.
I think bitcoin bank and indeed contradictory. but, I guess I would agree if it was for the development of bitcoin. I think with the bitcoin bank, then trust the people and government of the bitcoin will be higher.
sr. member
Activity: 812
Merit: 317
February 27, 2017, 03:18:21 PM
I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.
hero member
Activity: 1274
Merit: 622
February 27, 2017, 10:36:39 AM
I think this bitcoin bank will be a good idea for long term basis because if we have a bank then it will be an attractive idea to save bitcoin and like the traditional banks of fiat, we can use those stored bitcoins to give loans to other and also get interests with our deposits. I hope this bitcoin bank idea will be establish in the future Grin.

I found it dangerous to deposit my bitcoin in a bank. Even exchanges securities are not safe from hackers, I'd rather keep it in my cold storage than moving my funds to banks. I am contented with the price movement and I think that's enough interest to me.

I think it's a long way to go before the realization of this bitcoin banks. Most of the first ones to open might need to be improved first before it can be entrusted with our bitcoin.

I don't undersatnd why anyone needs a Bitcoin bank and I can't see how a bank would hold BTC. I mean how it's different from an online wallet for example? IMO Bitcoin bank is like an online wallet but only worse in many aspects.
hero member
Activity: 3024
Merit: 651
February 27, 2017, 10:34:59 AM
Do this bitcoin bank will work the same as an ordinary one? Well, I don't see the sense in this idea. To create something new and separated, all that will ask costs. better would be an ordinary bank would start to work with bitcoin. That seems me much more easy.
I'm not actually favor in bitcoin bank. The real essence of bitcoin will become useless, Why would I agree with bitcoin bank, if someone agree on this thing, in my assessment He/She is not a real bitcoin enthusiast anymore. In fact, no reason for me to do that because bitcoin is decentralized, while bitcoin bank is centralized. Why would I give my bitcoin in the bank, if I can manage manage my own BTC.

I will agree with this only if bitcoin reaches the peak to where it should really be.
But I suppose they are thinking about something else here.
Bitcoin bank but not like banks "bank" which we store fiat. It will be more like a website wallet with different features.
I am having a hard time to explain it but that is one that I am thinking. It is really different. Maybe we will see more about this when someone created the project and presents it.
legendary
Activity: 2562
Merit: 1441
February 27, 2017, 10:29:28 AM
Banks centralize currency and economic policy to make it easier for them to cater unfairly to the self interests of the wealthy.

Decentralized currency and economic policy in terms of crypto, do better in terms of equality and not showing favortism of one demographic over another.

In the '1600s, separation of church and state was a dire and pressing issue.

In 2017, separation of bank and state as well as greater separation of corporation and state may be issues in need of support.
full member
Activity: 381
Merit: 101
February 27, 2017, 10:28:08 AM
Do this bitcoin bank will work the same as an ordinary one? Well, I don't see the sense in this idea. To create something new and separated, all that will ask costs. better would be an ordinary bank would start to work with bitcoin. That seems me much more easy.
I'm not actually favor in bitcoin bank. The real essence of bitcoin will become useless, Why would I agree with bitcoin bank, if someone agree on this thing, in my assessment He/She is not a real bitcoin enthusiast anymore. In fact, no reason for me to do that because bitcoin is decentralized, while bitcoin bank is centralized. Why would I give my bitcoin in the bank, if I can manage manage my own BTC.
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