I think So
Topic: Do you agree with idea "Bitcoin bank" ? - page 83. (Read 142276 times)
Bitcoin is too volatile in price to be used in a traditional banking institution. A loan valued at $100 could be worth $85 tomorrow morning or $125 the day after. Also there is a difference in how a bank and an exchange function and it's like comparing apples to oranges here. If banks issue Bitcoin debit and credit cards tied to the daily value it could work, but issuing coins outright not so much because there will be no control over the value in the future.
I think So
I think So
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.
I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.
I do agree. It is too early. One more problem. Who will be the owner of that bank? Will it be like the other physical banks which are including some large payments specially with credit cards?
Because I know there will be some cards also like bitcoin ATM card. So you can withdraw freely. A lot to consider for that to happen.
But I dont think it should be link to the banks now.
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.
I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.
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.
I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.
I do agree. It is too early. One more problem. Who will be the owner of that bank? Will it be like the other physical banks which are including some large payments specially with credit cards?
Because I know there will be some cards also like bitcoin ATM card. So you can withdraw freely. A lot to consider for that to happen.
But I dont think it should be link to the banks now.
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.
I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.
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.
I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.
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.
I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.
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.
I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.
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.
I guess looking forward for the future of bitcoin, I think this s good idea to have a Bitcoin Bank but then the process must be like as we have now, where we can access to bitcoin as fast as we can not like what we have bank now.
i think bitcoin do not need any bank because bitcoin has now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.
Exactly, for me bitcoin wallets is a bank itself , the apps developed for this currency have lots of activities that can help us to monitor, controlled and earn it more. The security of it is more satisfying than bank.
Yeah its called as a bank only. However, I do not think bitcoin would arise against physical banks and start up the compete bitcoin bank, because government and bank people will not Bitcoin to survive in that way. If Bitcoin become ledger in the bank means no one cannot scam the money.
i think bitcoin do not need any bank because bitcoin has now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.
Exactly, for me bitcoin wallets is a bank itself , the apps developed for this currency have lots of activities that can help us to monitor, controlled and earn it more. The security of it is more satisfying than bank.
Yes, the security isn't that wonderful thing... It's still risk to lose our money when using BTCs. With the money in the bank, there are more safe guarantees, but unprofitable to let our money in fiat...
I agree with you, the anonymity here doesn't allow us to recover our money if it's stolen, but this same anonymity doesn't protect us to be tracked by someone. If someone start tracking your BTC address and IP probably this one will find you, find your ID.
i think bitcoin do not need any bank because bitcoin has now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.
Exactly, for me bitcoin wallets is a bank itself , the apps developed for this currency have lots of activities that can help us to monitor, controlled and earn it more. The security of it is more satisfying than bank.
i think bitcoin do not need any bank because bitcoin has now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.
Exactly, for me bitcoin wallets is a bank itself , the apps developed for this currency have lots of activities that can help us to monitor, controlled and earn it more. The security of it is more satisfying than bank.
i think bitcoin do not need any bank because bitcoin has now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.
Exactly, why would people go to banks for doing any bitcoin transaction if they can easily do it at home and if they already have their money safe in their computers then why would they like to involve any third party to make them safe for them?
Bitcoin wallets already serves as a bitcoin banks where you can deposits and save you bitcoins. If they creates banks for saving bitcoins no one can be sure if it is safe from hackers. When someone wallets is hacked, only his bitcoin will be taken but if a bitcoin bank is hacked, all bitcoins that deposited in that bank might be gone.
hackers are present everywhere, they take your bitcoins from banks they can also take it from wallet by hacking your key, and they can even hack a whole exchange and can take the money of so many people, as we can see that bitfinex was hacked in previous days and they take a large amount of bitcoin form them. If such a bank would be using a multisig key for handling wallets, that would be far more difficult to accomplish. But even in this case the bitcoins held in the bank could be stolen. This is how Bitcoin works since its transactions can't be reversed. Some call it a good feature, but I think it would be better to add a special flag to a transaction which would make it reversible for a certain period of time. This doesn't mean that all transactions should be made reversible by default...
I specifically point this out for those who are replying before they come to understand what is actually being suggested
Bitcoin wallets already serves as a bitcoin banks where you can deposits and save you bitcoins. If they creates banks for saving bitcoins no one can be sure if it is safe from hackers. When someone wallets is hacked, only his bitcoin will be taken but if a bitcoin bank is hacked, all bitcoins that deposited in that bank might be gone.
hackers are present everywhere, they take your bitcoins from banks they can also take it from wallet by hacking your key, and they can even hack a whole exchange and can take the money of so many people, as we can see that bitfinex was hacked in previous days and they take a large amount of bitcoin form them. 
Bitcoin Bank the idea is good, but this plan will not work out. If you want work out, this idea means the first thing you need that your government will accept Bitcoin as a legal currency. First, solve this problem after words we can discuss Bitcoin Bank. Till that, this is a unnesssory discussion.
Yes. But convincing a government to accept bitcoin will be really hard as most of them thinks bitcoin as a threat because it can increase the number of illegal activities.
At the moment makes no sense to we let our bitcoin into a bank, even if they will provide a better result, instead the usually 5% year they offer 10-15% but for such rates they need to generate those interest. I dont like the fact to one bank be able to control mine bitcoins, something banks does with fiat already, besides those, imagine a bank frozen the funds alleging some new regulamentation.
Yes and in the first place it doesn't makes sense that bitcoin which is decentralized will be controlled by bank or even government. There are many things that desn't fit when a bitcoin bank has established like what you said that it will offer more regulation rules and it will be not anonymous anymore, More fees will come.
i think bitcoin do not need any bank because bitcoin has now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.
Exactly, why would people go to banks for doing any bitcoin transaction if they can easily do it at home and if they already have their money safe in their computers then why would they like to involve any third party to make them safe for them?
Well, who can tell the real benefits bitcoin bank? I like these do not see at all. I do not think that bitcoin users themselves hard to cope with their wallets and financial transactions.
i think bitcoin do not need any bank because bitcoin has now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.
Exactly, why would people go to banks for doing any bitcoin transaction if they can easily do it at home and if they already have their money safe in their computers then why would they like to involve any third party to make them safe for them?
How many transactions do you make daily?
I guess not many (if any at all) since otherwise you would have known that with Bitcoin price rising, the transaction fees are also rising proportionately in dollar terms. Bitcoin banks just like web wallets would most likely pay the fees for you. This is one of the reasons why people would go to Bitcoin banks for making transactions. Further, not many people are tech-savvy overall, and that's another reason why they trust other people to handle the safety issues for them. In fact, such and similar questions have already been asked and answered numerous times in this thread alone, and I think you know the answers yourself as well as anyone else. So what the hell are you repeating them?
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