Do you agree with idea "Bitcoin bank" ? - page 64.

Etaurith

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Quote from: BingoDog on October 18, 2016, 12:53:34 PM

I'm not sure what to think. When someone mentions banks I think on all the bad stuff. Could Bitcoin bank be different and do we maybe already have some services that act like banks and provide some similar things like banks? Like exchangers, wallets etc.? It's something to think about.

I think that you're right because we shouldn't think of banks when talk about Bitcoin.
The purpose of Bitcoin is to forget about banks

Mr. Big

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Quote from: daringdiscovered on February 10, 2017, 07:03:51 AM

No, i won't agree to the idea of a bitcoin bank. If bitcoin bank will be created then those bitcoin wallets that we use will be useless. We can't have our own privacy because we need to put it in a bank. They can hold it whenever they want. It will have higher fess than what bitcoin wallets require.

That's not true... Wallets will still be present if a bitcoin bank would really happen... How can we transact if we don't have bitcoin wallet.. But I still believe that bitcoin bank is still far from becoming true... Exchanges are still enough and could fulfill what we want with our bitcoin... But with the growing needs of the community, we might end up really having some bitcoin banks...

daringdiscovered

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No, i won't agree to the idea of a bitcoin bank. If bitcoin bank will be created then those bitcoin wallets that we use will be useless. We can't have our own privacy because we need to put it in a bank. They can hold it whenever they want. It will have higher fess than what bitcoin wallets require.

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Quote from: Theb on February 10, 2017, 04:58:05 AM

Quote from: MMA on February 10, 2017, 04:53:41 AM

Quote from: mkmdoc on February 10, 2017, 01:27:34 AM

As long as you have enough exchanges to convert your bitcoin to use fiat currency then there is no need of any banks. Because after converting to your fiat you will get the money through banks only. Right now to form bitcoin bank is very difficult because there is no proper resistance from the government with bitcoin. So this is really a bad idea to setup a bank.

yes in modern time we do not need any traditional banking system. i think the online wallet system is the best system. in which we do not need to visit bank and complete the procedure. using online wallet system we can use our wallet any time and any where without any delay and without any other issue. i will like to continue the wallet system for ever. as it is too much convenient for me.

They won't even have the authority to build a bank ran by Bitcoin. In the first place they can't setup a bank that accepts unregulated currency. It will be a violation to the country's banking system. Usually the only thing they will accept is there local fiat and other currency that has a big value into it such as Euro and USD.

Indeed. There would be conflicts in business permits here if someone will open one bitcoin bank. Questions like: What would be in there?What will you store? What else could you provide for the community? This can be used against the certain one who would create the bank. It has to be thought well before jumping to conclusion. This ain't an easy task. We are talking about banking here. Means it will collect something which relates to money or something financially.

Gloiri

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Well bitcoin banks already exist and we call them " Wallet " we earn btc and store them into out bitcoin bank or i should say bitcoin banks. maybe it happen in future

Sate Jamu

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I agree, I think it is a good idea to streamline the distribution of bitcoin and means of socialization and can guarantee the security of the bitcoin so if lost can be found again.

NEWGOODOUBLE

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Quote from: MMA on February 10, 2017, 04:53:41 AM

Quote from: mkmdoc on February 10, 2017, 01:27:34 AM

As long as you have enough exchanges to convert your bitcoin to use fiat currency then there is no need of any banks. Because after converting to your fiat you will get the money through banks only. Right now to form bitcoin bank is very difficult because there is no proper resistance from the government with bitcoin. So this is really a bad idea to setup a bank.

yes in modern time we do not need any traditional banking system. i think the online wallet system is the best system. in which we do not need to visit bank and complete the procedure. using online wallet system we can use our wallet any time and any where without any delay and without any other issue. i will like to continue the wallet system for ever. as it is too much convenient for me.

I think people want a full control by their money. so I think bitcoin bank will not be so in need. because I believe bitcoin users will be pleased with the wallet than bank

Theb

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Quote from: MMA on February 10, 2017, 04:53:41 AM

Quote from: mkmdoc on February 10, 2017, 01:27:34 AM

As long as you have enough exchanges to convert your bitcoin to use fiat currency then there is no need of any banks. Because after converting to your fiat you will get the money through banks only. Right now to form bitcoin bank is very difficult because there is no proper resistance from the government with bitcoin. So this is really a bad idea to setup a bank.

yes in modern time we do not need any traditional banking system. i think the online wallet system is the best system. in which we do not need to visit bank and complete the procedure. using online wallet system we can use our wallet any time and any where without any delay and without any other issue. i will like to continue the wallet system for ever. as it is too much convenient for me.

They won't even have the authority to build a bank ran by Bitcoin. In the first place they can't setup a bank that accepts unregulated currency. It will be a violation to the country's banking system. Usually the only thing they will accept is there local fiat and other currency that has a big value into it such as Euro and USD.

MMA

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Quote from: mkmdoc on February 10, 2017, 01:27:34 AM

As long as you have enough exchanges to convert your bitcoin to use fiat currency then there is no need of any banks. Because after converting to your fiat you will get the money through banks only. Right now to form bitcoin bank is very difficult because there is no proper resistance from the government with bitcoin. So this is really a bad idea to setup a bank.

yes in modern time we do not need any traditional banking system. i think the online wallet system is the best system. in which we do not need to visit bank and complete the procedure. using online wallet system we can use our wallet any time and any where without any delay and without any other issue. i will like to continue the wallet system for ever. as it is too much convenient for me.

BeGoods

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Quote from: mkmdoc on February 10, 2017, 01:27:34 AM

As long as you have enough exchanges to convert your bitcoin to use fiat currency then there is no need of any banks. Because after converting to your fiat you will get the money through banks only. Right now to form bitcoin bank is very difficult because there is no proper resistance from the government with bitcoin. So this is really a bad idea to setup a bank.

yeah for your wallet alive or still believable. and the exchange is still within easy reach, I think bitcoin bank does not need to exist. after all, you can store easily in a wallet. even the security is still very assured

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Quote from: mkmdoc on February 10, 2017, 01:27:34 AM

As long as you have enough exchanges to convert your bitcoin to use fiat currency then there is no need of any banks. Because after converting to your fiat you will get the money through banks only. Right now to form bitcoin bank is very difficult because there is no proper resistance from the government with bitcoin. So this is really a bad idea to setup a bank.

If the bank that we are going to build is going to have a purpose, not just the same as the exchange sites can offer, say, they are offering what banks are offering, then, I'd definitely agree with that.

But if it is just the same as the exchanges, they would just compete with each other and just make bitcoin a money making thing than them becoming a public service establishment for bitcoin.

mkmdoc

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As long as you have enough exchanges to convert your bitcoin to use fiat currency then there is no need of any banks. Because after converting to your fiat you will get the money through banks only. Right now to form bitcoin bank is very difficult because there is no proper resistance from the government with bitcoin. So this is really a bad idea to setup a bank.

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Quote from: delliaerd on February 10, 2017, 12:20:46 AM

Quote from: Bitcoin0916 on February 09, 2017, 10:19:31 PM

Quote from: t2yax on February 09, 2017, 08:37:42 PM

I agree with bitcoin bank. We can have a securities with it, we are not going to be afraid on losing our money. We all know that we have the fear on losing our own money. I suggest to have a bitcoin bank, where we can store our own money. Instead of wallet address, we should have the unique account number, for us to store our bitcoin.

I disagree, the existence of the bitcoin surely there must be a different thing. The presence of the bitcoin bank will limit the transaction we do, surely this would have an impact on high cost. In addition, when we made the wallet of course must be through the bank and require legal data. So I conclude that bitcoin bank and fiat money is same and I will leave bitcoin.

Yes, bitcoin Bank is useless, I think even online wallet is save enough. I also Think that if transaction of bitcoin become controled by bank, people Will leave bitcoin. we have our own wallet, if we need to save large amount of bitcoin, we only need to choose the right type of bitcoin wallet. I think hardware wallet is the savest one.
I like bitcoin because no one can control my money or steal it. So I do not like bitcoin bank.

It is really useless since we do have lots of wallets either online or offline and if theres a bitcoin bank then what would be the purpose of those wallets? Then for sure people would still use them even banks will come out but they will not last for sure because people will mainly like to hold their own money without exposing their identity and they have the full access on it.

delliaerd

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Quote from: Bitcoin0916 on February 09, 2017, 10:19:31 PM

Quote from: t2yax on February 09, 2017, 08:37:42 PM

I agree with bitcoin bank. We can have a securities with it, we are not going to be afraid on losing our money. We all know that we have the fear on losing our own money. I suggest to have a bitcoin bank, where we can store our own money. Instead of wallet address, we should have the unique account number, for us to store our bitcoin.

I disagree, the existence of the bitcoin surely there must be a different thing. The presence of the bitcoin bank will limit the transaction we do, surely this would have an impact on high cost. In addition, when we made the wallet of course must be through the bank and require legal data. So I conclude that bitcoin bank and fiat money is same and I will leave bitcoin.

Yes, bitcoin Bank is useless, I think even online wallet is save enough. I also Think that if transaction of bitcoin become controled by bank, people Will leave bitcoin. we have our own wallet, if we need to save large amount of bitcoin, we only need to choose the right type of bitcoin wallet. I think hardware wallet is the savest one.
I like bitcoin because no one can control my money or steal it. So I do not like bitcoin bank.

Bitcoin0916

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Quote from: t2yax on February 09, 2017, 08:37:42 PM

I agree with bitcoin bank. We can have a securities with it, we are not going to be afraid on losing our money. We all know that we have the fear on losing our own money. I suggest to have a bitcoin bank, where we can store our own money. Instead of wallet address, we should have the unique account number, for us to store our bitcoin.

I disagree, the existence of the bitcoin surely there must be a different thing. The presence of the bitcoin bank will limit the transaction we do, surely this would have an impact on high cost. In addition, when we made the wallet of course must be through the bank and require legal data. So I conclude that bitcoin bank and fiat money is same and I will leave bitcoin.

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Quote from: JANGKRIK BOSS on February 09, 2017, 09:31:38 PM

Quote from: Lionidas on February 09, 2017, 07:01:56 PM

No.
I think I saw a ICO trying to tote itself as one.
BankIQ I think it was called. But I could be wrong about it.
Anything to do with an ICO is just wrong.
Not stable investment at all.

Nice I think also so, the bank will be a lot of rules that make us as a user of bitcoin is limited. I do not like the banks because much of the cost. I thought this was nice like bitcoin and no need for bitcoin bank.

If you are satisfied with the current system now, then I guess there is not need for a bitcoin bank anymore. The government should not interfere with our freedom to spend our bitcoins, this system gives us a fast and a transparent transaction, in addition the real privacy is achieve by using bitcoin unlike in banks where it can be compromise.

JANGKRIK BOSS

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Quote from: Lionidas on February 09, 2017, 07:01:56 PM

No.
I think I saw a ICO trying to tote itself as one.
BankIQ I think it was called. But I could be wrong about it.
Anything to do with an ICO is just wrong.
Not stable investment at all.

Nice I think also so, the bank will be a lot of rules that make us as a user of bitcoin is limited. I do not like the banks because much of the cost. I thought this was nice like bitcoin and no need for bitcoin bank.

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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 OR any centralized service which only ask name and email address.

I personally do not agree when there bitcoin bank. because in terms of safety is absolutely secure and easier course. hopefully there bitcoin bank forward

t2yax

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I agree with bitcoin bank. We can have a securities with it, we are not going to be afraid on losing our money. We all know that we have the fear on losing our own money. I suggest to have a bitcoin bank, where we can store our own money. Instead of wallet address, we should have the unique account number, for us to store our bitcoin.

Lionidas

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No.
I think I saw a ICO trying to tote itself as one.
BankIQ I think it was called. But I could be wrong about it.
Anything to do with an ICO is just wrong.
Not stable investment at all.

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