Do you agree with idea "Bitcoin bank" ? - page 71.

Casabrandy

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Quote from: Natalim on January 22, 2017, 09:52:10 AM

Quote from: Mr.ExtraOrdinary on January 22, 2017, 09:13:21 AM

I won't support this idea, simply because bitcoin has already many place to be put on and that is bitcoin wallet, 3rd party wallets. In my own opinion you dont have to make a tangible thing for a non-tangible one. So a non-tangble bitcoin is good for a non-tangible wallet. Good bye and let's not welcome bitcoin banks.

Maybe we have to think that the purpose on why bitcoin was created is because we want to have a decentralized transaction, banks will make it decentralized and we do not want that to happen, we can have our bank in real world while we also have a chance to use a decentralized system.

I don't know what would a bitcoin bank look like but if it's similar with the banking system in the real world, then for sure, lots of people will not support it.

Right ,let our wallet alone do the security and transactions. There are lots of wallet already that are capable on ensuring the safety and security of our bitcoin as well it only gives free and some small transaction fees . So there is no need for bitcoin bank I will not use it if ever made.

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Quote from: Mr.ExtraOrdinary on January 22, 2017, 09:13:21 AM

I won't support this idea, simply because bitcoin has already many place to be put on and that is bitcoin wallet, 3rd party wallets. In my own opinion you dont have to make a tangible thing for a non-tangible one. So a non-tangble bitcoin is good for a non-tangible wallet. Good bye and let's not welcome bitcoin banks.

Maybe we have to think that the purpose on why bitcoin was created is because we want to have a decentralized transaction, banks will make it decentralized and we do not want that to happen, we can have our bank in real world while we also have a chance to use a decentralized system.

I don't know what would a bitcoin bank look like but if it's similar with the banking system in the real world, then for sure, lots of people will not support it.

Mr.ExtraOrdinary

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I won't support this idea, simply because bitcoin has already many place to be put on and that is bitcoin wallet, 3rd party wallets. In my own opinion you dont have to make a tangible thing for a non-tangible one. So a non-tangble bitcoin is good for a non-tangible wallet. Good bye and let's not welcome bitcoin banks.

BitHodler

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Quote from: Harlot on January 22, 2017, 08:00:37 AM

Quote from: Reid on January 22, 2017, 07:32:14 AM

Quote from: Sosaso75 on January 22, 2017, 06:06:53 AM

What a great idea....people all over the world are waiting for this kind of service. Afterwards put bitcoin ATM's all over the place..done!

Do we really need banks to have an ATM?
That made me realize something. I think we dont really need one. As long as there is a card that can be made by one industry and there is a place where money could be stored then we could also create this ATM like machine that we can withdraw those funds right?

Bitcoin banks will prove that it will be unnecessary in the world. Because of the fact that there are now wallets that have a withdrawal option to convert there Bitcoin to Fiat directly to their Bank Account. Also banks accepting Bitcoin needs to assume the fact that our world is run by Bitcoin which is not as for the moment and it won't happen based on my predictions.

I'm also not really a fan of "Bitcoin Banks", but it's all supply and demand that rules the market/industry.

If there are enough people that do see added value in "Bitcoin Banks", and I'm sure there are many people who think like that, then it will become reality.

If people enjoy insured balances, generate interest over their coins, where they also get like a Bitcoin related debit card where they can basically pay everywhere in the world at ultra low cost, then it surely will attract many interested people.

Don't forget that not everyone cares about privacy related aspects. They don't even care about financial freedom as they don't want to take responsibility of managing their own money. They put more faith in a central authority than vice versa.

canhchuacaro1

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If a bank offers their own crypto we must not use it, if you think they have a great control already imagine what they could do with their own blockchain and crypto currency.
it is not just about trust and them not stealing your bitcoins. there may someday be a 100% trusted place where you can call bitcoin bank and fully trust. it is not making it any good though!
And if a so called Bitcoin bank will become reality, it will not even be close to what regular fiat banks are. It will just be a service that has been started up by someone thinking to have found a great and profitable business. The actual importance of this is zero. It's only important in the minds of rookies.

Harlot

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Quote from: Reid on January 22, 2017, 07:32:14 AM

Quote from: Sosaso75 on January 22, 2017, 06:06:53 AM

What a great idea....people all over the world are waiting for this kind of service. Afterwards put bitcoin ATM's all over the place..done!

Do we really need banks to have an ATM?
That made me realize something. I think we dont really need one. As long as there is a card that can be made by one industry and there is a place where money could be stored then we could also create this ATM like machine that we can withdraw those funds right?

Bitcoin banks will prove that it will be unnecessary in the world. Because of the fact that there are now wallets that have a withdrawal option to convert there Bitcoin to Fiat directly to their Bank Account. Also banks accepting Bitcoin needs to assume the fact that our world is run by Bitcoin which is not as for the moment and it won't happen based on my predictions.

ForumBit

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Quote from: isen on October 18, 2016, 12:35:16 PM

Quote from: ABCbits on October 18, 2016, 11:51:47 AM

Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?

I believe exactly the same this one of the worst ideas I've ever heard,a " bank" has nothing to offer and it is against philosophy the few who agree with this idea and are interested in using a bank like this to keep their coins are probably newbies or people who never understood the concept of .

yeah it is one of the worst idea i have seen it is against the rules of the bitcoin and philosophy. most of the people says that newbays are in the favour of this idea iam a newbay and iam not in tha favour of this idea.

Reid

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Quote from: Sosaso75 on January 22, 2017, 06:06:53 AM

What a great idea....people all over the world are waiting for this kind of service. Afterwards put bitcoin ATM's all over the place..done!

Do we really need banks to have an ATM?
That made me realize something. I think we dont really need one. As long as there is a card that can be made by one industry and there is a place where money could be stored then we could also create this ATM like machine that we can withdraw those funds right?

Botnake

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Quote from: Superways on January 22, 2017, 06:56:14 AM

Quote from: deppil on January 22, 2017, 06:07:40 AM

Quote from: Hydrogen on January 22, 2017, 05:35:15 AM

Decentralized currency > centralized bank currency.

I think bitcoin bank would be tantamount to an exchange which provides identity verification requirement for a verified member, in some countries there are several exchange sites who like that, but I think though that centralization was not a problem if the user wants to use

I also disagree to him as people are tired of using banks and they want a decentralized system that is why they want to put their money in bitcoin and do not want to give the control of their money to any third party. If a bank will start with bitcoin then there will be some hurdles appear to our decentralized system of bitcoin.

I don't think that's true, still, there are majority of people who trusted banks to safeguard their money. It's not easy to live this world if everything is decentralized, hence we need a decentralized and centralized that work together.

Superways

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Quote from: deppil on January 22, 2017, 06:07:40 AM

Quote from: Hydrogen on January 22, 2017, 05:35:15 AM

Decentralized currency > centralized bank currency.

I think bitcoin bank would be tantamount to an exchange which provides identity verification requirement for a verified member, in some countries there are several exchange sites who like that, but I think though that centralization was not a problem if the user wants to use

I also disagree to him as people are tired of using banks and they want a decentralized system that is why they want to put their money in bitcoin and do not want to give the control of their money to any third party. If a bank will start with bitcoin then there will be some hurdles appear to our decentralized system of bitcoin.

deppil

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Quote from: Hydrogen on January 22, 2017, 05:35:15 AM

Decentralized currency > centralized bank currency.

I think bitcoin bank would be tantamount to an exchange which provides identity verification requirement for a verified member, in some countries there are several exchange sites who like that, but I think though that centralization was not a problem if the user wants to use

Sosaso75

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What a great idea....people all over the world are waiting for this kind of service. Afterwards put bitcoin ATM's all over the place..done!

ReLieD

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As such there is not requirement of Bitcoin banks , as there are many wallets in which you can store them .
But in the near future if the prices / value of bitcoin keeps on increase and the amount of people increases as well,
then there will be a need of bitcoin bank.
There are hundreds of wallets in which you can store your Bitcoins.
Its just that do not keep all you money in one wallet .
Equally distribute it among various wallets.

Hydrogen

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Decentralized currency > centralized bank currency.

TastyChillySauce00

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Quote from: Taki on January 21, 2017, 12:34:11 PM

Quote from: Lawcker on January 16, 2017, 08:06:40 AM

I don't think there will be a Bitcoin Bank, but we will definitely see Blockchain banks in the near future.

The idea of bitcoin ATM seems much more interesting to me than the idea about bitcoin Bank. I can easy understand such function of this bank as keeping bitcoins, but I don't see any need of it, because all that kind of wallets that we have already satisfy this needs perfectly.

Definitely, while ATM can contribute to the easiness and a way to buy bitcoin. The bitcoin bank if it's going to be realised just exist there against the bitcoin's decentralised system and I think that majority people will choose not to use it. Though, if bitcoin bank can offer their client about the security of their funds, it may be a good idea, but it's still making things centralised and I guess this offer may be impossible.

rozee

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in my opinion bitcoin bank is not good idea because not all people know about bitcoin and know how to use it
and i think it will susceptible with hack its need high level security and the other reason is i think the fees will very big to withdraw, atm service etc its only my opinion for now bitcoin atm is enough no need bitcoin bank

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Quote from: Fatanut on January 22, 2017, 01:09:06 AM

Quote from: Rastaman2016 on January 21, 2017, 12:28:18 PM

Many users do not what to think about this idea do not want to even talk will not. One word "banks" is already alarming, and it does not matter whether or not bitcoin.

How is that even alarming? Banks have been trusted ever since and it's still trusted by most people up to now. I don't think that would be changing any time soon. Without bitcoins, we surely are still trusting banks with all our hearts. Banks are still an essential and a necessary part of the economy most especially for the usability of fiats. Without the banks, you can't even cash out your bitcoins. I wouldn't be so surprised if banks started accepting bitcoins since people are becoming more and more tech savvy nowadays.

I dont know what he mean about that word "alarming" since banks are already here for a long time and been trusted all over the years with our fiat money. I do strongly believe that bitcoin bank would be very impossible i guess because no one would really use it for sure since we do have web wallets and hard wallets on our own.Theres no need to put it to banks.

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Quote from: Fatanut on January 22, 2017, 01:09:06 AM

Quote from: Rastaman2016 on January 21, 2017, 12:28:18 PM

Many users do not what to think about this idea do not want to even talk will not. One word "banks" is already alarming, and it does not matter whether or not bitcoin.

How is that even alarming? Banks have been trusted ever since and it's still trusted by most people up to now. I don't think that would be changing any time soon. Without bitcoins, we surely are still trusting banks with all our hearts. Banks are still an essential and a necessary part of the economy most especially for the usability of fiats. Without the banks, you can't even cash out your bitcoins. I wouldn't be so surprised if banks started accepting bitcoins since people are becoming more and more tech savvy nowadays

It is a matter of personal interest

Some people are complaining that Bitcoin is too techy, so to speak, that is too difficult to understand and use. But people learn how to use their smartphones which is, in my opinion, not a trivial thing altogether. So it all basically comes down to how much interest they might feel toward Bitcoin or any other thing, for that matter. I guess if they were interested enough and properly motivated at that, most folks would easily cope with the Assembly language as well as differential calculus (and some even with integral one)

Fatanut

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Quote from: Rastaman2016 on January 21, 2017, 12:28:18 PM

Many users do not what to think about this idea do not want to even talk will not. One word "banks" is already alarming, and it does not matter whether or not bitcoin.

How is that even alarming? Banks have been trusted ever since and it's still trusted by most people up to now. I don't think that would be changing any time soon. Without bitcoins, we surely are still trusting banks with all our hearts. Banks are still an essential and a necessary part of the economy most especially for the usability of fiats. Without the banks, you can't even cash out your bitcoins. I wouldn't be so surprised if banks started accepting bitcoins since people are becoming more and more tech savvy nowadays.

Lorik

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Quote from: Yakamoto on January 21, 2017, 02:08:21 PM

Quote from: Sierra82fit on January 21, 2017, 01:56:36 PM

Quote from: Taki on January 21, 2017, 12:34:11 PM

Quote from: Lawcker on January 16, 2017, 08:06:40 AM

I don't think there will be a Bitcoin Bank, but we will definitely see Blockchain banks in the near future.

The idea of bitcoin ATM seems much more interesting to me than the idea about bitcoin Bank. I can easy understand such function of this bank as keeping bitcoins, but I don't see any need of it, because all that kind of wallets that we have already satisfy this needs perfectly.

That's exactly what the whole idea of a bitcoin banks does not show the positive aspects. All meet the personal bitcoin wallets.Especially something that the best quality purses are known to all, and nothing else is needed. Anonymity and confidentiality is paramount.

While both of those are massively important parts of the Bitcoin economy (and should be a part of the "normal" economy in its own sense), a lot of people are willing to give up those in exchange for relative safety of their investments and potentially even insurance in the event anything goes wrong with what they have stored away.

Members at all times will be faced with a choice, which is a big risk. I would not trust the new bitcoin was worth the banks, that they do not even have anything to do with real banks.

Topic: Do you agree with idea "Bitcoin bank" ? - page 71. (Read 142276 times)