Its a very bad idea afaik because having a bitcoin bank will take away the privacy cryptos were mearnt to bring, and definitely personal data will be needed with would be compromised in the process and could bring high fees to keep these banks running.
I think that is right, I am having my bitcoin wallet as private as possible because I don't want to known making real money through earning bitcoin. And if I will withdraw a large amount ofmoney in there some might be surprised because I am not the face that they might expect to withdraw such money. 
Topic: Do you agree with idea "Bitcoin bank" ? - page 65. (Read 142276 times)
Its a very bad idea afaik because having a bitcoin bank will take away the privacy cryptos were mearnt to bring, and definitely personal data will be needed with would be compromised in the process and could bring high fees to keep these banks running.
I think even if anonymous and decentralization will be lost if the bitcoin bank is present, but at least it will make bitcoin becomes more well known. up to you will use it or not 
Old school bank build around bitcoin would obviously be a good PR move for community as a whole.
For practical reasons, I doubt its usefulness. Youd be basically dealing with fiat and not bitcoin then. No anonymity fof its users, no decentralization.
Also unlike in fiat, you wont be able to just visit local ATM and pay whatever you want in cash.
For practical reasons, I doubt its usefulness. Youd be basically dealing with fiat and not bitcoin then. No anonymity fof its users, no decentralization.
Also unlike in fiat, you wont be able to just visit local ATM and pay whatever you want in cash.
And how many folks are actually looking for that?
I don't think that the majority of Bitcoin users today are actually interested in that. Really, if you have nothing to hide why would you want to remain anonymous (apart from rubbing your ego, of course)? Besides, all transactions are still made public unless you are using a web wallet and don't move your funds beyond that. In this respect, banks would not much differ from them, anyway. The government can still access the records and personal data these wallets are storing, so what difference does it make? Further, you repeat the same mantra about decentralization but you forget that Bitcoin is already centralized beyond hope. I refer to mining, more specifically
I agree. Most bitcoin users are not interested in any anonymity while using bitcoin.
They usually are more interested by the facts of cheap fees, fast transations, very less limit and no authority control. Being able to generate another adress or reuse previous is enough for most people.
Yes I agree with bitcoin bank because its nice to be in a secured institution which my money could be safe. Bank of digital currency is a vision that brings hope to those are in doubts of using bitcoin as a spending currency. Having that advantages of a bank is really a compatible ways on how that digital and fiat currency be exchanged with each other.
although it would be beneficial because it makes you become more secure bitcoin. but by using bitcoin bank. then the bitcoin system such as decentralization and anonymity would be lost? What do you think ?
Old school bank build around bitcoin would obviously be a good PR move for community as a whole.
For practical reasons, I doubt its usefulness. Youd be basically dealing with fiat and not bitcoin then. No anonymity fof its users, no decentralization.
Also unlike in fiat, you wont be able to just visit local ATM and pay whatever you want in cash.
For practical reasons, I doubt its usefulness. Youd be basically dealing with fiat and not bitcoin then. No anonymity fof its users, no decentralization.
Also unlike in fiat, you wont be able to just visit local ATM and pay whatever you want in cash.
And how many folks are actually looking for that?
I don't think that the majority of Bitcoin users today are actually interested in that. Really, if you have nothing to hide why would you want to remain anonymous (apart from rubbing your ego, of course)? Besides, all transactions are still made public unless you are using a web wallet and don't move your funds beyond that. In this respect, banks would not differ much from them, anyway. The government can still access the records and personal data these wallets are storing, so what difference does it make? Further, you repeat the same mantra about decentralization but you forget that Bitcoin is already centralized beyond hope. I refer to mining, more specifically
Its a very bad idea afaik because having a bitcoin bank will take away the privacy cryptos were mearnt to bring, and definitely personal data will be needed with would be compromised in the process and could bring high fees to keep these banks running.
Old school bank build around bitcoin would obviously be a good PR move for community as a whole.
For practical reasons, I doubt its usefulness. Youd be basically dealing with fiat and not bitcoin then. No anonymity fof its users, no decentralization.
Also unlike in fiat, you wont be able to just visit local ATM and pay whatever you want in cash.
For practical reasons, I doubt its usefulness. Youd be basically dealing with fiat and not bitcoin then. No anonymity fof its users, no decentralization.
Also unlike in fiat, you wont be able to just visit local ATM and pay whatever you want in cash.
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.
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.
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.
Majority of the community in bitcoin world will not agree on this matter. Actually, we are the one who manage our own bitcoin that's the essence of it to each every one of us here. We are the one also choosing our own bitcoin wallet where we gonna put it in our storage wallet. And your right, the idea is ridiculous and insane forgive me for the terms. That's what inside of my mind, I'm just expressing my feelings about it.
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.
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.
Yes, It easier for me if i want to redeem a bitcoin into local currency, but Banks have to follow national and international laws. Bitcoin bank also need information about their user, maybe government can track the address if we bank bitcoin there. So, i dont know the answer yet.
The government is studying bitcoin and it's up to them what they should do, but as bitcoin enthusiast, I am hoping they will make it beneficial for us.
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.
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.
Chancellor on brink of second bailout for banks.
This was the genesis block, I think btc is an alternative to bank system so we don't need a bitcoinbank, we are already the bank of ourself.
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.
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.
Yes, It easier for me if i want to redeem a bitcoin into local currency, but Banks have to follow national and international laws. Bitcoin bank also need information about their user, maybe government can track the address if we bank bitcoin there. So, i dont know the answer yet.
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.
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.
Chancellor on brink of second bailout for banks.
This was the genesis block, I think btc is an alternative to bank system so we don't need a bitcoinbank, we are already the bank of ourself.
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.
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.
Chancellor on brink of second bailout for banks.
This was the genesis block, I think btc is an alternative to bank system so we don't need a bitcoinbank, we are already the bank of ourself.
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.
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.
Chancellor on brink of second bailout for banks.
This was the genesis block, I think btc is an alternative to bank system so we don't need a bitcoinbank, we are already the bank of ourself.
Yes I agree with bitcoin bank because its nice to be in a secured institution which my money could be safe. Bank of digital currency is a vision that brings hope to those are in doubts of using bitcoin as a spending currency. Having that advantages of a bank is really a compatible ways on how that digital and fiat currency be exchanged with each other.
Really? If you like this idea of 'security' and 'bank advantages' I cannot understand why do you use bitcoins. Maybe you use it as commodity or as asset. So why do we need decentralization and blockchain and miners? Why not a 'secure' centralized blockchain of a bank without any debate about blocksize or segwit and so on. That means, another form of fiat; no the paper one but the digital fiat. To summarize do you really believe that banks are more secure than the bitcoin network? So why not to go with RScoin
People are free to choose whatever they want, where we also must accept that some people are here only to earn and then quickly convert everything to fiat directly after reaching a certain amount. These people mostly don't really care about the decentralized nature of Bitcoin. If an entity starts up a centralized service that people see value in, then it means that there is a certain level of demand for Bitcoin related bank services. Again, if they believe that's the way to go, then let them.
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.
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'm not in favor of Bitcoin bank. Coinbase was one of the bitcoin bank I heard if I am not mistaken, but I don't agree with it so much. I remembered someone in this forum I'm not sure from what section I read it, He said that his account was closed by the coinsbase, I'm not saying coinbase is not good, my only point is if bitcoin bank be implement in this industry, there will be no difference in ordinary traditional bank and the essence of bitcoin will be unuseful or non-sense. Its decentralization will be turn into centralization which is not good for me.
Yes I agree with bitcoin bank because its nice to be in a secured institution which my money could be safe. Bank of digital currency is a vision that brings hope to those are in doubts of using bitcoin as a spending currency. Having that advantages of a bank is really a compatible ways on how that digital and fiat currency be exchanged with each other.
Really? If you like this idea of 'security' and 'bank advantages' I cannot understand why do you use bitcoins. Maybe you use it as commodity or as asset. So why do we need decentralization and blockchain and miners? Why not a 'secure' centralized blockchain of a bank without any debate about blocksize or segwit and so on. That means, another form of fiat; no the paper one but the digital fiat. To summarize do you really believe that banks are more secure than the bitcoin network? So why not to go with RScoin
Yes I agree with bitcoin bank because its nice to be in a secured institution which my money could be safe. Bank of digital currency is a vision that brings hope to those are in doubts of using bitcoin as a spending currency. Having that advantages of a bank is really a compatible ways on how that digital and fiat currency be exchanged with each other.
although it would be beneficial because it makes you become more secure bitcoin. but by using bitcoin bank. then the bitcoin system such as decentralization and anonymity would be lost? What do you think ?My answer is simple, no. We don’t need bitcoin banks at all, they cannot do a single thing to make open an account on one if it existed, if I wanted to earn low interest out of my bitcoin I will just invest it in a casino bankroll and get the same benefits as with any bank in my country.
Same benefits? I dont think so since bitcoin does really give even more profits or interest that banks cant give but the disadvantage only is bitcoin price could fluctuate and funds would really be affected.Bitcoin bank is not really needed same as you said because what our wallets are for?Jump to: