Do you agree with idea "Bitcoin bank" ? - page 61.

virasog

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Quote from: mkmdoc on February 12, 2017, 06:40:32 AM

I here the news about bitcoin bank is opened in Austrian capital Vienna, But firstly they are operating bank with buying and selling bitcoin, make easier and safer than other in-person options. But this digital currency outlet is being managed by Bit Trust block chain. https://www.rt.com/business/376977-austria-first-bitcoin-bank/

This is not a bank i guess. Its sort of an exchange where people buy and sell bitcoins. Obviously you need a service which gives you opportunity to buy and sell the coins but we cannot name it as as bank. Bank deal with the govt. approved currencies and they keep the people deposits and dont sell it.

plijxirn

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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.

Natalim

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Quote from: mamaita on February 13, 2017, 08:14:26 PM

bitcoin create its own bank strongly agree, if can be reproduced branches in every country that a lot of users, let them find it more convenient to the real bank of bitcoin, it could add to the confidence of the people who will join the bitcoin users.

Bitcoin can be integrated with the current financial institution who are still operating. Bank is a good example to that, if they accept bitcoin as deposits, they can be considered as bitcoin bank already, it would bring more deposits to come and progress of the economy of bitcoin. What we see is a partnership and this brings more investors to come since they are confident to invest knowing the government is supporting bitcoin to be bank partners.

mamaita

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bitcoin create its own bank strongly agree, if can be reproduced branches in every country that a lot of users, let them find it more convenient to the real bank of bitcoin, it could add to the confidence of the people who will join the bitcoin users.

Drnice

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those that are accepting bitcoin bank or giving a room for such an idea to stand, am pretty sure that they are tax collectors Grin

Drnice

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Quote from: pedrog on October 18, 2016, 12:00:14 PM

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.

Xapo, Coinbase and Circle, they are all "bitcoin banks", if someone doesn't like them, they don't have to use them...

i thought that or those are wallets, you know that keeps the coin safe online as a crypto currency which bitcoin and other crypto currencies are,...

Osarman

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Quote from: TravelMug on February 13, 2017, 02:02:15 PM

In bitcoin design, you are your own bank, so I don't agree with the "Bitcoin" bank idea. That's why people are going on bitcoin because you control your own money not the bank

yeah a lot of people like bitcoin because our money in bitcoin in our control and i also do not agree with bitcoin bank because bitcoin bank has a high charges and i can not afford it and bitcoin has no charge and bitcoin transaction fees is very much lower.

TravelMug

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In bitcoin design, you are your own bank, so I don't agree with the "Bitcoin" bank idea. That's why people are going on bitcoin because you control your own money not the bank

the.jack20

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Quote from: doomloop on February 05, 2017, 04:43:38 PM

i think bitcoin do not need any bank because bitcoin technology is already much more stable and bitcoin is very much secure and safe than bank and we know that bank fess and tax is much more high so bitcoin has do not need any bank.

Yes, bitcoin does not need a bank. This is the purpose of the creation of bitcoin anyway. Everyone can control their own money.
The goal is to establish a decentralized system. Satoshi did it. In my opinion, even if the banks accept the bitcoin, people will not use it.

Because bank systems and bitcoin systems are logically different.

doomloop

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Quote from: Superways on February 12, 2017, 09:52:35 AM

Quote from: Edraket31 on February 12, 2017, 09:43:49 AM

Quote from: eann014 on February 12, 2017, 09:35:56 AM

Quote from: diegz on February 12, 2017, 01:00:50 AM

Quote from: eann014 on February 12, 2017, 12:42:18 AM

Bitcoin bank is a good idea, because how can we save bitcoin if we don't have this? and how can we receive our income here in campaign if we don't have this. This is really important especially to those who really want to earn a lot of bitcoin, what is a stupid thing about this?

Even without a bank you can save your bitcoin in your wallet. That's the sure thing about it. But with bitcoin bank, if it happens that we already have one, probably we could benefit on what real banks could offer.

But there is no such stupid thing about this, I think this is also a suggestion and for sure there are also a lot of people who will became one of the customers of that bitcoin bank someday.

Maybe the bank can offer a 24 hour ATM machine, an advantage for us if we do have our own ATM anywhere so no need to remit out money in local remittances and wait for how many minutes for confirmation, I am indeed in favor to have our own bank for us to have passbook and can monitor our daily deposit and withdrawals.

if you are searching for te ATM service for your bitcoin then you have to get a bitcoin debit card so you will be able to withdraw your bitcoins anytime from any ATM machine which will accept visa or mastercard from any bank. As that cards are regulated by mastercard and visa card service providers and have the same system as your bank card system.

there is many bitcoin debit card available for withdrawal your bitcoin from anywhere anytime and its very easiest way for bitcoin users they can easily use their bitcoin for direct shopping in local shopping center bitcoin debit card.

Harlot

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Quote from: Superways on February 12, 2017, 09:52:35 AM

Quote from: Edraket31 on February 12, 2017, 09:43:49 AM

Quote from: eann014 on February 12, 2017, 09:35:56 AM

Quote from: diegz on February 12, 2017, 01:00:50 AM

Quote from: eann014 on February 12, 2017, 12:42:18 AM

Bitcoin bank is a good idea, because how can we save bitcoin if we don't have this? and how can we receive our income here in campaign if we don't have this. This is really important especially to those who really want to earn a lot of bitcoin, what is a stupid thing about this?

Even without a bank you can save your bitcoin in your wallet. That's the sure thing about it. But with bitcoin bank, if it happens that we already have one, probably we could benefit on what real banks could offer.

But there is no such stupid thing about this, I think this is also a suggestion and for sure there are also a lot of people who will became one of the customers of that bitcoin bank someday.

Maybe the bank can offer a 24 hour ATM machine, an advantage for us if we do have our own ATM anywhere so no need to remit out money in local remittances and wait for how many minutes for confirmation, I am indeed in favor to have our own bank for us to have passbook and can monitor our daily deposit and withdrawals.

if you are searching for te ATM service for your bitcoin then you have to get a bitcoin debit card so you will be able to withdraw your bitcoins anytime from any ATM machine which will accept visa or mastercard from any bank. As that cards are regulated by mastercard and visa card service providers and have the same system as your bank card system.

Isn't that the purpose of your Bitcoin wallet for? To save your Bitcoin. Banks are not highly helpful for us as it cannot do anything better than the volatility that Bitcoin can make. Also there are no helpful functions that Banks can add to Bitcoin. From sending to saving money it can be done by the Bitcoin wallet alone.

Superways

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Quote from: Edraket31 on February 12, 2017, 09:43:49 AM

Quote from: eann014 on February 12, 2017, 09:35:56 AM

Quote from: diegz on February 12, 2017, 01:00:50 AM

Quote from: eann014 on February 12, 2017, 12:42:18 AM

Bitcoin bank is a good idea, because how can we save bitcoin if we don't have this? and how can we receive our income here in campaign if we don't have this. This is really important especially to those who really want to earn a lot of bitcoin, what is a stupid thing about this?

Even without a bank you can save your bitcoin in your wallet. That's the sure thing about it. But with bitcoin bank, if it happens that we already have one, probably we could benefit on what real banks could offer.

But there is no such stupid thing about this, I think this is also a suggestion and for sure there are also a lot of people who will became one of the customers of that bitcoin bank someday.

Maybe the bank can offer a 24 hour ATM machine, an advantage for us if we do have our own ATM anywhere so no need to remit out money in local remittances and wait for how many minutes for confirmation, I am indeed in favor to have our own bank for us to have passbook and can monitor our daily deposit and withdrawals.

if you are searching for te ATM service for your bitcoin then you have to get a bitcoin debit card so you will be able to withdraw your bitcoins anytime from any ATM machine which will accept visa or mastercard from any bank. As that cards are regulated by mastercard and visa card service providers and have the same system as your bank card system.

Edraket31

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Quote from: eann014 on February 12, 2017, 09:35:56 AM

Quote from: diegz on February 12, 2017, 01:00:50 AM

Quote from: eann014 on February 12, 2017, 12:42:18 AM

Bitcoin bank is a good idea, because how can we save bitcoin if we don't have this? and how can we receive our income here in campaign if we don't have this. This is really important especially to those who really want to earn a lot of bitcoin, what is a stupid thing about this?

Even without a bank you can save your bitcoin in your wallet. That's the sure thing about it. But with bitcoin bank, if it happens that we already have one, probably we could benefit on what real banks could offer.

But there is no such stupid thing about this, I think this is also a suggestion and for sure there are also a lot of people who will became one of the customers of that bitcoin bank someday.

Maybe the bank can offer a 24 hour ATM machine, an advantage for us if we do have our own ATM anywhere so no need to remit out money in local remittances and wait for how many minutes for confirmation, I am indeed in favor to have our own bank for us to have passbook and can monitor our daily deposit and withdrawals.

eann014

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Quote from: diegz on February 12, 2017, 01:00:50 AM

Quote from: eann014 on February 12, 2017, 12:42:18 AM

Bitcoin bank is a good idea, because how can we save bitcoin if we don't have this? and how can we receive our income here in campaign if we don't have this. This is really important especially to those who really want to earn a lot of bitcoin, what is a stupid thing about this?

Even without a bank you can save your bitcoin in your wallet. That's the sure thing about it. But with bitcoin bank, if it happens that we already have one, probably we could benefit on what real banks could offer.

But there is no such stupid thing about this, I think this is also a suggestion and for sure there are also a lot of people who will became one of the customers of that bitcoin bank someday.

basesaw

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Quote from: sir.humus on February 09, 2017, 03:51:58 PM

There are such services. But there's a good reason not to use them -- if one day the service is gone, so are all your Bitcoins. This has already happened once and will almost certainly happen again. As of yet, there are no companies I would consider sufficiently reputable in this business.

yes the reason of not using them are because they will just get you a high transaction fees and such thing. the free offer of bitcoin wallets is good after all the banking or services that is offered among the crypto currency. wallet of bitcoin will be good for usual users. but if you want to feel safer and can afford the extra services for bitcoin, you can always afford one.

mkmdoc

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I here the news about bitcoin bank is opened in Austrian capital Vienna, But firstly they are operating bank with buying and selling bitcoin, make easier and safer than other in-person options. But this digital currency outlet is being managed by Bit Trust block chain. https://www.rt.com/business/376977-austria-first-bitcoin-bank/

jonnybravo0411

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Quote from: Gloiri on February 12, 2017, 04:31:04 AM

Quote from: 00hash01 on February 12, 2017, 04:23:46 AM

I do not like banks, all banks offer loans to customers or other services. And that will offer bitcoin bank? Or just take the interest of the translations?

All bank offer loans i agree. but if bitcoins's bank exist does they also offer loans to their customers ?. if yes how will they give 1 btc in loans which mean you have to give 1000$

I believe that you can not get a loan bitcoin, if there will be a bitcoin bank. We can not take the sausage on credit, because it is the goods in the store. So it is with bitcoin things, it is also goods.

Ronxawala

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Quote from: deppil on February 12, 2017, 05:17:39 AM

Quote from: OrangeII on February 11, 2017, 01:11:31 PM

if it serves to redeem bitcoin easily be fiat or otherwise, I think I agree with that. Well, it would probably be easier for us in invests, or bitcoin exchange money if we really need it, and it will probably make bitcoin become more popular.

I think if you think that the bank can redeem bitcoin quickly became fiat, the exchange can do that. indeed bank will only make identity was revealed and anonymous of bitcoin will not be useful

If the bank to create bitcoin, bitcoin is itself loses all its appeal. For one idea and the realization of this work of art in E than satisfied.

deppil

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Quote from: OrangeII on February 11, 2017, 01:11:31 PM

if it serves to redeem bitcoin easily be fiat or otherwise, I think I agree with that. Well, it would probably be easier for us in invests, or bitcoin exchange money if we really need it, and it will probably make bitcoin become more popular.

I think if you think that the bank can redeem bitcoin quickly became fiat, the exchange can do that. indeed bank will only make identity was revealed and anonymous of bitcoin will not be useful

deisik

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Quote from: bob123 on February 12, 2017, 04:37:24 AM

Quote from: deisik on February 11, 2017, 01:15:09 PM

Quote from: bob123 on February 11, 2017, 01:10:28 PM

In my opinion a Bitcoin Bank destroys the inital Idea of Bitcoin: Everyone being the on "owning" his money..
If you give your money away and trust a 3rd Party.. then there is no reason in using Bitcoins.. u could just
use FIAT. I think centralizing a decentralized system makes 0 sense.
The only possible idea of investing in a Bitcoin bank would be a high interest rate..
But this, to be honestly, won't ever happen

For you there might not be any reason

But for other folks there could in fact be plenty of reason in using a Bitcoin bank. And still more so if Bitcoin banking services would be offered by regular banks. In that case you wouldn't need to pay hefty commissions on fiat withdrawals as well as deposits from and to Bitcoin exchanges, and I'm strongly inclined to think that the former will be more reliable overall than the latter (given all the hacks and scams that we've seen during the last 4 years)

I think you don't need a Bank to have low commissions on deposits/withdrawals.. a Currency exchange would be enough, no need of a real "Bank"
And even against those Hacks you could just use a Hardware Wallet.. But as you mentioned.. IMO a Bank is not needed.. may be different
for other persons

Currency exchanges are certainly not enough

While trade fees there are not high (around 0.1-0.2% on average), you may have to either pay hefty commissions to withdraw as well as deposit fiat or use third party services (so-called exchangers) that typically charge lower commissions (by accepting exchange codes) but this involves unnecessary risks. Obviously, using for Bitcoin operations the same bank that you make fiat transactions with (e.g. pay your utility bills) would be preferable for most folks

Topic: Do you agree with idea "Bitcoin bank" ? - page 61. (Read 142276 times)