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?
Topic: Do you agree with idea "Bitcoin bank" ? - page 66. (Read 142276 times)
strongly agree at all because it would be very easy for users bitcoin in the transaction, when again there are obstacles while traveling
Not at all, I dont agree with the idea og bitcoin bank but I do agree with bitcoin central agency to control the flow of money to look after blockchain system for smooth running of the system like the problems we are facing right now . Unconfirmed transaction and othe such problems should not take place ion future.
Bitcoin central agency?? That is anathema to all true bitcoin believers and is not going to happen.
The problem of unconfirmed transactions will be solved through consultations to increase transaction capacity. You don't need a centralized agency to deal with that.
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.
I also agree about this, It seems very interesting if we have bank of digital currency for bitcoin
and the first in the world, but how it works, need a regulation in the government?
Not at all, I dont agree with the idea og bitcoin bank but I do agree with bitcoin central agency to control the flow of money to look after blockchain system for smooth running of the system like the problems we are facing right now . Unconfirmed transaction and othe such problems should not take place ion future.
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.
I also agree about this, It seems very interesting if we have bank of digital currency for bitcoin
and the first in the world, but how it works, need a regulation in the government?
You could safeguard your balance with a cold storage. Storage that makes private keys offline so that no one would be able to access it or get the private keys from the internet. It could safely store your bitcoins. If those are the things you're worried of, it can be done. There are a lot of devices that you can use to store your bitcoins safely.
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.
I also agree about this, It seems very interesting if we have bank of digital currency for bitcoin
and the first in the world, but how it works, need a regulation in the government?
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.
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 ? 
Bitcoin was created to be a decentralised currency that is opposite to bank system. I don't think that we need Bitcoin bank, because it can destroy the main idea of Bitcoin.
yeah you are right that we do not bitcoin bank because bitcoin already have a stable system than bank and you are right that it can really destroy the aim and idea of bitcoin so we do not need any bank of bitcoin.
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.
Bitcoin was created to be a decentralised currency that is opposite to bank system. I don't think that we need Bitcoin bank, because it can destroy the main idea of Bitcoin.
yeah you are right that we do not bitcoin bank because bitcoin already have a stable system than bank and you are right that it can really destroy the aim and idea of bitcoin so we do not need any bank of bitcoin.
Bitcoin was created to be a decentralised currency that is opposite to bank system. I don't think that we need Bitcoin bank, because it can destroy the main idea of Bitcoin.
yeah you are right that we do not bitcoin bank because bitcoin already have a stable system than bank and you are right that it can really destroy the aim and idea of bitcoin so we do not need any bank of bitcoin.
Bitcoin was created to be a decentralised currency that is opposite to bank system. I don't think that we need Bitcoin bank, because it can destroy the main idea of Bitcoin.
yeah you are right that we do not bitcoin bank because bitcoin already have a stable system than bank and you are right that it can really destroy the aim and idea of bitcoin so we do not need any bank of bitcoin.
I have already formed the Bitcoin Reserve Bank. I will publish the Press Release soon.
Bitcoin was created to be a decentralised currency that is opposite to bank system. I don't think that we need Bitcoin bank, because it can destroy the main idea of Bitcoin.
yeah you are right that we do not bitcoin bank because bitcoin already have a stable system than bank and you are right that it can really destroy the aim and idea of bitcoin so we do not need any bank of bitcoin. 
Banks for bitcoin is not possible because to setup a bank it is not small process. Once banks are controlling bitcoin the price of the bitcoin will not reach to higher value may be. But bitcoin is operating world widely than how can bitcoin bank will operate with all the transactions.
i think banks have no concern with the price of bitcoin. banks can only facilitate bitcoins. but i think currently we do not need for any bitcoin banks because online wallet is the best option of deposing and withdrawal of bitcoin. may be in future when the price of bitcoin will increase then we feel the need for bitcoin. 
It's ironic because bitcoin Core is trying to turn bitcoin into some kind of bank with bitcoin Core being the bank and LN being some kind of SWIFT system.
And a lot of people seem to support it
And a lot of people seem to support it
But what's wrong with that?
After all, isn't all folks here are saying and then continuously repeating that you should be "your own, personal bank"? With LN, that would be like a distributed decentralized banking system, and the true irony is that implementing this idea would actually mean creating "you own banks" in the literal sense of the word. Further, if LN gets activated, no one could force you to use the payment channels that this system should provide, right?
I guess so. The risks of people accepting those kinds of ideas probably have advantages and disadvantages. What do you think can happen when that thing comes? It would be just another bank that BITCOIN was not made for. It was to prevent intermediaries in transactions. We would see if that happens
Who is to define what Bitcoin was made for?
If you think Satoshi defined that, I doubt he would ever claim something to this tune. If you don't like this idea (which includes but is not limited to instant payments), no one can make you use it. On the other hand, if someone was out there to strictly draw the borders along which Bitcoin should be used, I don't think we would be able to get where we are now. Really, how can you foresee all possible uses of something which is entirely new. Limiting it to some written in stone canons is not a very good idea overall (since that would obviously hinder its evolution)
I want to add to the discussion that when we say bank, there are many things someone can understand. For example there are the central banks, who isssue money and control circulation, rates etc. I dont wont a central bank thats for sure.
But a commercial bank which keeps money, loans money etc i would like if it was decentralized and noone could speculate with my btc or could steal my btc
Keep in mind that if a bank is controlling your Bitcoin there will be no guarantee that you will still have the value your Bitcoin was when you deposited it. What I mean is even banks can't control the price of Bitcoin in which there business has the burden of adjusting to the volatility, that is why Fiat will be a more popular choice to Banks and Customers. But a commercial bank which keeps money, loans money etc i would like if it was decentralized and noone could speculate with my btc or could steal my btc
And why Bitcoin should be used differently than fiat?
Also, how exactly should it be used that would make it different from fiat? After all, Bitcoin is considered to be money in its own right, but any money is used essentially in the same way, i.e. as a means of storing value as well as a means of exchange. It is thought as well that expanding Bitcoin adoption ultimately comes down to using it instead of fiat (through wider acceptance by merchants). Obviously, in that very case it will be used in the same role and way as fiat is being used now
I agree totally, we need to treat BTC as a currency.
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.
It's ironic because bitcoin Core is trying to turn bitcoin into some kind of bank with bitcoin Core being the bank and LN being some kind of SWIFT system.
And a lot of people seem to support it
But what's wrong with that?
After all, isn't all folks here are saying and then continuously repeating that you should be "your own, personal bank"? With LN, that would be like a distributed decentralized banking system, and the true irony is that implementing this idea would actually mean creating "you own banks" in the literal sense of the word. Further, if LN gets activated, no one could force you to use the payment channels that this system should provide, right?
I guess so. The risks of people accepting those kinds of ideas probably have advantages and disadvantages. What do you think can happen when that thing comes? It would be just another bank that BITCOIN was not made for. It was to prevent intermediaries in transactions. We would see if that happens.
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