Do you agree with idea "Bitcoin bank" ? - page 86.

coynedterm

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Quote from: n0ne on December 22, 2016, 01:25:10 PM

Bitcoin bank is a must after the das of getting certain good number of adoption over the entire world nations. So for easy accessing banks have started e-corners, same way if bitcoin bank were implemented it helps in promoting as well helps people who were not much into bitcoin or other digital currency use.

That's the advantage of this idea but we are all going to disagree and no choice at all once this was already adopted because we are now obliged to pay taxes for every service that we are going to use from them. And that what's everyone is subjecting with it but still there are a lot of things to settle before this happen.

yeah , Little bit I am also disagree with it .
First thing of taxation system and second point is that it will destroy the job of Bitcoin trader , who are making buy/sell of Bitcoin at LBC like sites . People will buy Bitcoin directly from Bitcoin bank and also will sell to them . So the trader has no job Sad

tabas

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Quote from: burner2014 on December 22, 2016, 10:29:35 AM

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Quote from: BrockHunter on December 20, 2016, 01:47:03 PM

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 agree with you, I think we do not really need a bitcoin bank dude, because in fact we still can easily store your bitcoin in a wallet and it's much safer than bank and without any control right ?

Correct. The possibility and most probably would happen if there is bitcoin bank will be tax implementation or the final tax that is imposed if you have savings account in a bank and I don't think that it is a good idea. But the good thing is many people will get interested in how bitcoin works.

I dont think people would really like to use bitcoin bank since there are wallets on the net its either on online or offline and putting bitcoin in bank will reveal your identity.Well for some it maybe okay for them since they somehow assure regarding on the security of their bitcoins.

I think we will not know until it happens. I think there's a bitcoin bank, it will not give any damages to you, after all, it's up to you to use it or not it's free
maybe there are some users who prefer to use a bank, yeah who know?

There is already blockchain and other bitcoin wallet providers and we can be our very own bank. But of course there is something new that will banks just to get some clients for their bitcoin bank service. And many will not going to like this service as we know banks are just always charging everything to their customers even those taxes.

One of the avoidable things if we save or transact money thru bank is the different bank charges, and we really hate it. One of the reasons why I do love bitcoin is the less transaction fee and not time consuming. So, I really don't agree with bitcoin bank.

That's why I don't agree with that idea either. I have tested them already for so many years and a lot of things. And one thing is that they aren't helping any single of their clients to grow with their banking service, they just love their customers when they are going to deposit big amount of money but if you are an ordinary depositor, don't expect too much. Bitcoin economy will be destroyed if this happen.

Senor.Bla

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Quote from: deisik on December 22, 2016, 11:25:13 AM

Quote from: Senor.Bla on December 22, 2016, 10:52:42 AM

Quote from: deisik on December 22, 2016, 10:27:01 AM

Quote from: Senor.Bla on December 22, 2016, 09:27:12 AM

Quote from: deisik on December 22, 2016, 09:02:11 AM

So you basically don't know?

From what I read here, lending bitcoins is more like playing Russian roulette. I guess you wouldn't call gambling as a business unless you are a casino owner yourself? If you are a borrower, Bitcoin banks would obviously require real collateral. In this way, on the one hand, borrowers will be discouraged from defaulting on their loans, and, on the other hand, deposits in such banks will be protected by proper collateral. In respect to everybody being be able to learn all they need to know to be independent, most ordinary people can't even install MS Office without help, let alone manage their desktop Bitcoin wallet

It is quite simple. If you are borrowing money to someone and do not get it back and also have no collateral, then you are doing something wrong. You should change something or let it go and stop lending money. Learn or leave eave the business to people who can do it profitable.
And do you really think people are to dumb to install Office? All they need is some proper training. Some are maybe to lazy or whatever, but everybody can learn it. If people have to they manage. If your life depended on the ability to swim, then you would learn it for sure. Were you born with the knowledge how to cross a street or did you first had to learn it? Just like most of us had to learn how to use a bank account, credit cards and stuff like that.

You analyze this situation in isolation

It is not about if people can or cannot learn something (they sure can if properly motivated). The question is basically about choice, not learning as such. If they can use web wallets and they don't need to install some abstract MS Office, the process which they likely don't consider as worth the effort, they will most likely choose the first option. I'm heavily inclined to think that if there were no web wallets, many people wouldn't use Bitcoin at all

For me web wallets and banks are not necessarily the same thing.
Giving people a choice is not always a good idea. We teach our kids math in school, because if given the choice most would rather play outside. But those kids would have a big problem later in life. So sometimes it is ok to force someone to learn something, but this is just my opinion. I think if you ask somebody if he is glad that he was forced to learn math or the use of desktop wallets, then most would agree.

Obviously, we are not talking about kids

But the assumption that giving adult people choice is not always a good idea itself works against your own considerations. First, who is to decide what is best and what is not, what is to be chosen and what is to be abandoned? Second, I could just as well claim that giving people choice in respect to which money to use (fiat or Bitcoin) is a bad idea on its own as well, and they should just stick to fiat (then see first). And last but certainly not least, isn't Bitcoin itself all about having choice?

I feel like a deal with kids all the time in the crypto world.
I imagine that we gave children choices at the beginning, but they fucked it up so bad, that we decided it would be better to give them rules. And what is the best sign that someone has become an adult? They break our rules, because they see a better way that goes against the rules and still decide to break the rule and make a new and better one. In my opinion this is why we call Bitcoin a revolution!

n0ne

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Bitcoin bank is a must after the das of getting certain good number of adoption over the entire world nations. So for easy accessing banks have started e-corners, same way if bitcoin bank were implemented it helps in promoting as well helps people who were not much into bitcoin or other digital currency use.

PokerFace3

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Quote from: pedrog on October 18, 2016, 12:00:14 PM

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.

Xapo, Coinbase and Circle, they are all "bitcoin banks", if someone doesn't like them, they don't have to use them...

There is a big difference between banks and these virtual banks, from the way I see it banks are just made for fiat and usually take huge taxes when withdrawing or when using a credit card, wallets on the other hand don’t , Xapo for example has no fees when sending bitcoin and it has a credit card that has really reasonable price .

hawkins

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Quote from: Shenzou on December 22, 2016, 12:14:25 PM

Quote from: BossMacko on December 22, 2016, 11:56:45 AM

In my opinion, every Bitcoin wallet is like a bank, Bitcoin wallet have security password and 2fa , The price of Bitcoin inside that wallet also change depends on the current price in the market same as your flat money in bank. What i mean is we don't need to have something called bitcoin bank because we already have one if you just notice it.

It is true that banks are similar in concept , the place where you hold you money, but banks are where money is psychically stored , and wallets are just servers where the data containing your bitcoin information is saved , i think that it is true that there is no need for banks for bitcoin because bitcoin is already digitally stored in wallets.

you are right. all bitcoin wallet is created to store that we have to keep it safe. it's just like a bank, the difference is, wallet does not require a complete identity to make it. Well, I agree with bitcoin bank. but, if they provide something useful. the bank made bitcoin, I guess that is the way the world to accept bitcoin.

abel1337

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Quote from: Shenzou on December 22, 2016, 12:14:25 PM

Quote from: BossMacko on December 22, 2016, 11:56:45 AM

In my opinion, every Bitcoin wallet is like a bank, Bitcoin wallet have security password and 2fa , The price of Bitcoin inside that wallet also change depends on the current price in the market same as your flat money in bank. What i mean is we don't need to have something called bitcoin bank because we already have one if you just notice it.

It is true that banks are similar in concept , the place where you hold you money, but banks are where money is psychically stored , and wallets are just servers where the data containing your bitcoin information is saved , i think that it is true that there is no need for banks for bitcoin because bitcoin is already digitally stored in wallets.

Thats right we dont need bitcoin banks anymore , Bitcoin wallet is good enough to put our bitcoins.

If physical bitcoin bank were putted and we deposited there. It will not be good because i think bitcoin will have tax when you are withdrawing I think.

Shenzou

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Quote from: BossMacko on December 22, 2016, 11:56:45 AM

In my opinion, every Bitcoin wallet is like a bank, Bitcoin wallet have security password and 2fa , The price of Bitcoin inside that wallet also change depends on the current price in the market same as your flat money in bank. What i mean is we don't need to have something called bitcoin bank because we already have one if you just notice it.

It is true that banks are similar in concept , the place where you hold you money, but banks are where money is psychically stored , and wallets are just servers where the data containing your bitcoin information is saved , i think that it is true that there is no need for banks for bitcoin because bitcoin is already digitally stored in wallets.

BossMacko

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In my opinion, every Bitcoin wallet is like a bank, Bitcoin wallet have security password and 2fa , The price of Bitcoin inside that wallet also change depends on the current price in the market same as your flat money in bank. What i mean is we don't need to have something called bitcoin bank because we already have one if you just notice it.

oktana

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No need to make bitcoin Bank, only strengthen the existing level of security wallets become more trustworthy. Except, I agree if blockchain technology that can create a banking system that is accurate, has been recognized and has minimal physical building by one of the countries with strict financial system but is open to the whole country like a swiss bank.

Bigdan

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I think it's bound to happen one day and I'm in full support of it because traditional banking would be done with and we'll have our freedom and privacy to manage and monitor our funds

deisik

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Quote from: Senor.Bla on December 22, 2016, 10:52:42 AM

Quote from: deisik on December 22, 2016, 10:27:01 AM

Quote from: Senor.Bla on December 22, 2016, 09:27:12 AM

Quote from: deisik on December 22, 2016, 09:02:11 AM

So you basically don't know?

From what I read here, lending bitcoins is more like playing Russian roulette. I guess you wouldn't call gambling as a business unless you are a casino owner yourself? If you are a borrower, Bitcoin banks would obviously require real collateral. In this way, on the one hand, borrowers will be discouraged from defaulting on their loans, and, on the other hand, deposits in such banks will be protected by proper collateral. In respect to everybody being be able to learn all they need to know to be independent, most ordinary people can't even install MS Office without help, let alone manage their desktop Bitcoin wallet

It is quite simple. If you are borrowing money to someone and do not get it back and also have no collateral, then you are doing something wrong. You should change something or let it go and stop lending money. Learn or leave eave the business to people who can do it profitable.
And do you really think people are to dumb to install Office? All they need is some proper training. Some are maybe to lazy or whatever, but everybody can learn it. If people have to they manage. If your life depended on the ability to swim, then you would learn it for sure. Were you born with the knowledge how to cross a street or did you first had to learn it? Just like most of us had to learn how to use a bank account, credit cards and stuff like that.

You analyze this situation in isolation

It is not about if people can or cannot learn something (they sure can if properly motivated). The question is basically about choice, not learning as such. If they can use web wallets and they don't need to install some abstract MS Office, the process which they likely don't consider as worth the effort, they will most likely choose the first option. I'm heavily inclined to think that if there were no web wallets, many people wouldn't use Bitcoin at all

For me web wallets and banks are not necessarily the same thing.
Giving people a choice is not always a good idea. We teach our kids math in school, because if given the choice most would rather play outside. But those kids would have a big problem later in life. So sometimes it is ok to force someone to learn something, but this is just my opinion. I think if you ask somebody if he is glad that he was forced to learn math or the use of desktop wallets, then most would agree.

Obviously, we are not talking about kids

But the assumption that giving adult people choice is not always a good idea itself works against your own considerations. First, who is to decide what is best and what is not, what is to be chosen and what is to be abandoned? Second, I could just as well claim that giving people choice in respect to which money to use (fiat or Bitcoin) is a bad idea on its own as well, and they should just stick to fiat (then see first). And last but certainly not least, isn't Bitcoin itself all about having choice?

jak3

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no i disagree with this idea.bitcoin banks will simply put new sparks in the bitcoin vernabilitys or the privacy because a bank can not follow the rules of bitcoin which is number one anonymity and the second trasparity and after than all we will get is just lower fees and fastwr transactions than normal banks. i think if we stick with bitcoin then we arnt gonna need a bank anyway

Senor.Bla

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Quote from: deisik on December 22, 2016, 10:27:01 AM

Quote from: Senor.Bla on December 22, 2016, 09:27:12 AM

Quote from: deisik on December 22, 2016, 09:02:11 AM

So you basically don't know?

From what I read here, lending bitcoins is more like playing Russian roulette. I guess you wouldn't call gambling as a business unless you are a casino owner yourself? If you are a borrower, Bitcoin banks would obviously require real collateral. In this way, on the one hand, borrowers will be discouraged from defaulting on their loans, and, on the other hand, deposits in such banks will be protected by proper collateral. In respect to everybody being be able to learn all they need to know to be independent, most ordinary people can't even install MS Office without help, let alone manage their desktop Bitcoin wallet

It is quite simple. If you are borrowing money to someone and do not get it back and also have no collateral, then you are doing something wrong. You should change something or let it go and stop lending money. Learn or leave eave the business to people who can do it profitable.
And do you really think people are to dumb to install Office? All they need is some proper training. Some are maybe to lazy or whatever, but everybody can learn it. If people have to they manage. If your life depended on the ability to swim, then you would learn it for sure. Were you born with the knowledge how to cross a street or did you first had to learn it? Just like most of us had to learn how to use a bank account, credit cards and stuff like that.

You analyze this situation in isolation

It is not about if people can or cannot learn something (they sure can if properly motivated). The question is basically about choice, not learning as such. If they can use web wallets and they don't need to install some abstract MS Office, the process which they likely don't consider as worth the effort, they will most likely choose the first option. I'm heavily inclined to think that if there were no web wallets, many people wouldn't use Bitcoin at all

For me web wallets and banks are not necessarily the same thing.
Giving people a choice is not always a good idea. We teach our kids math in school, because if given the choice most would rather play outside. But those kids would have a big problem later in life. So sometimes it is ok to force someone to learn something, but this is just my opinion. I think if you ask somebody if he is glad that he was forced to learn math or the use of desktop wallets, then most would agree.

burner2014

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Quote from: tabas on December 22, 2016, 10:14:43 AM

Quote from: Pattart on December 22, 2016, 08:04:31 AM

Quote from: Zadicar on December 22, 2016, 05:31:25 AM

Quote from: burner2014 on December 21, 2016, 09:50:37 AM

Quote from: Pattart on December 21, 2016, 04:54:39 AM

Quote from: BrockHunter on December 20, 2016, 01:47:03 PM

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 agree with you, I think we do not really need a bitcoin bank dude, because in fact we still can easily store your bitcoin in a wallet and it's much safer than bank and without any control right ?

Correct. The possibility and most probably would happen if there is bitcoin bank will be tax implementation or the final tax that is imposed if you have savings account in a bank and I don't think that it is a good idea. But the good thing is many people will get interested in how bitcoin works.

I dont think people would really like to use bitcoin bank since there are wallets on the net its either on online or offline and putting bitcoin in bank will reveal your identity.Well for some it maybe okay for them since they somehow assure regarding on the security of their bitcoins.

I think we will not know until it happens. I think there's a bitcoin bank, it will not give any damages to you, after all, it's up to you to use it or not it's free
maybe there are some users who prefer to use a bank, yeah who know?

There is already blockchain and other bitcoin wallet providers and we can be our very own bank. But of course there is something new that will banks just to get some clients for their bitcoin bank service. And many will not going to like this service as we know banks are just always charging everything to their customers even those taxes.

One of the avoidable things if we save or transact money thru bank is the different bank charges, and we really hate it. One of the reasons why I do love bitcoin is the less transaction fee and not time consuming. So, I really don't agree with bitcoin bank.

deisik

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Quote from: Senor.Bla on December 22, 2016, 09:27:12 AM

Quote from: deisik on December 22, 2016, 09:02:11 AM

So you basically don't know?

From what I read here, lending bitcoins is more like playing Russian roulette. I guess you wouldn't call gambling as a business unless you are a casino owner yourself? If you are a borrower, Bitcoin banks would obviously require real collateral. In this way, on the one hand, borrowers will be discouraged from defaulting on their loans, and, on the other hand, deposits in such banks will be protected by proper collateral. In respect to everybody being be able to learn all they need to know to be independent, most ordinary people can't even install MS Office without help, let alone manage their desktop Bitcoin wallet

It is quite simple. If you are borrowing money to someone and do not get it back and also have no collateral, then you are doing something wrong. You should change something or let it go and stop lending money. Learn or leave eave the business to people who can do it profitable.
And do you really think people are to dumb to install Office? All they need is some proper training. Some are maybe to lazy or whatever, but everybody can learn it. If people have to they manage. If your life depended on the ability to swim, then you would learn it for sure. Were you born with the knowledge how to cross a street or did you first had to learn it? Just like most of us had to learn how to use a bank account, credit cards and stuff like that.

You analyze this situation in isolation

It is not about if people can or cannot learn something (they sure can if properly motivated). The question is basically about choice, not learning as such. If they can use web wallets and they don't need to install some abstract MS Office, the process which they likely don't consider as worth the effort, they will most likely choose the first option. Other than that, I'm heavily inclined to think that if there were no web wallets, many people wouldn't use Bitcoin at all

iqlimasyadiqa

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of course I agree. because with the Bitcoin BANK we can get maximum security.
bitcoin us more secure and we do not have to be afraid we lost bitcoin owned.

tabas

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Quote from: Pattart on December 22, 2016, 08:04:31 AM

Quote from: Zadicar on December 22, 2016, 05:31:25 AM

Quote from: burner2014 on December 21, 2016, 09:50:37 AM

Quote from: Pattart on December 21, 2016, 04:54:39 AM

Quote from: BrockHunter on December 20, 2016, 01:47:03 PM

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 agree with you, I think we do not really need a bitcoin bank dude, because in fact we still can easily store your bitcoin in a wallet and it's much safer than bank and without any control right ?

Correct. The possibility and most probably would happen if there is bitcoin bank will be tax implementation or the final tax that is imposed if you have savings account in a bank and I don't think that it is a good idea. But the good thing is many people will get interested in how bitcoin works.

I dont think people would really like to use bitcoin bank since there are wallets on the net its either on online or offline and putting bitcoin in bank will reveal your identity.Well for some it maybe okay for them since they somehow assure regarding on the security of their bitcoins.

I think we will not know until it happens. I think there's a bitcoin bank, it will not give any damages to you, after all, it's up to you to use it or not it's free
maybe there are some users who prefer to use a bank, yeah who know?

There is already blockchain and other bitcoin wallet providers and we can be our very own bank. But of course there is something new that will banks just to get some clients for their bitcoin bank service. And many will not going to like this service as we know banks are just always charging everything to their customers even those taxes.

Senor.Bla

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Quote from: deisik on December 22, 2016, 09:02:11 AM

Quote from: Senor.Bla on December 22, 2016, 06:16:42 AM

Quote from: deisik on December 22, 2016, 05:42:39 AM

Quote from: Senor.Bla on December 21, 2016, 05:09:25 AM

Quote from: Pattart on December 21, 2016, 04:54:39 AM

Quote from: BrockHunter on December 20, 2016, 01:47:03 PM

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 agree with you, I think we do not really need a bitcoin bank dude, because in fact we still can easily store your bitcoin in a wallet and it's much safer than bank and without any control right ?

The question to ask is this one: What services do i need? Can only a bank provide them?
Well, i need a place to store my money. A bank can do this, but so can i. I can do it even safely. I need the possibility to send and receive money. A bank can do so, but i can too. Can i take out a loan? At a bank this is possible if you match certain criteria, but there are other ways if you need to. A bank can pay me interest rates, but they are laughable so thank you but i prefer to invest my money elsewhere. A bank can advice me where to invest, but why would i ask someone who knows less then me, but charges more?

So what is your conclusion?

If you didn't say it but meant that you don't need any Bitcoin banks at all, that may well be the case for you personally. But you should think about other users as well. Can people hold their bitcoins safely and securely locally? I think that the total majority of users can't do that, and they are using web wallets instead. You seem to deliberately avoid the fact that web wallets are paying transaction fees for their clients. Bitcoin banks as a further development of web wallets will most certainly do the same. Further, I don't think you can really take a loan unless the other side already trusts you. Other than that, what kind of collateral are you going to provide online?

I think everyone must answer those question for themselves and conclude if he need a Bitcoin bank or not. I do not need them and everybody who is willing to put in some time should be able to learn all he need to know to be independent. And i am very confident, that the people who give out loans will find a way to operate with a profit or leave this business to someone who can.

So you basically don't know?

From what I read here, lending bitcoins is more like playing Russian roulette. I guess you wouldn't call gambling as a business unless you are a casino owner yourself? If you are a borrower, Bitcoin banks would obviously require real collateral. In this way, on the one hand, borrowers will be discouraged from defaulting on their loans, and, on the other hand, deposits in such banks will be protected by proper collateral. In respect to everybody being be able to learn all they need to know to be independent, most ordinary people can't even install MS Office without help, let alone manage their desktop Bitcoin wallet

It is quite simple. If you are borrowing money to someone and do not get it back and also have no collateral, then you are doing something wrong. You should change something or let it go and stop lending money. Learn or leave eave the business to people who can do it profitable.
And do you really think people are to dumb to install Office? All they need is some proper training. Some are maybe to lazy or whatever, but everybody can learn it. If people have to they manage. If your life depended on the ability to swim, then you would learn it for sure. Were you born with the knowledge how to cross a street or did you first had to learn it? Just like most of us had to learn how to use a bank account, credit cards and stuff like that.

deisik

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Quote from: Senor.Bla on December 22, 2016, 06:16:42 AM

Quote from: deisik on December 22, 2016, 05:42:39 AM

Quote from: Senor.Bla on December 21, 2016, 05:09:25 AM

Quote from: Pattart on December 21, 2016, 04:54:39 AM

Quote from: BrockHunter on December 20, 2016, 01:47:03 PM

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 agree with you, I think we do not really need a bitcoin bank dude, because in fact we still can easily store your bitcoin in a wallet and it's much safer than bank and without any control right ?

The question to ask is this one: What services do i need? Can only a bank provide them?
Well, i need a place to store my money. A bank can do this, but so can i. I can do it even safely. I need the possibility to send and receive money. A bank can do so, but i can too. Can i take out a loan? At a bank this is possible if you match certain criteria, but there are other ways if you need to. A bank can pay me interest rates, but they are laughable so thank you but i prefer to invest my money elsewhere. A bank can advice me where to invest, but why would i ask someone who knows less then me, but charges more?

So what is your conclusion?

If you didn't say it but meant that you don't need any Bitcoin banks at all, that may well be the case for you personally. But you should think about other users as well. Can people hold their bitcoins safely and securely locally? I think that the total majority of users can't do that, and they are using web wallets instead. You seem to deliberately avoid the fact that web wallets are paying transaction fees for their clients. Bitcoin banks as a further development of web wallets will most certainly do the same. Further, I don't think you can really take a loan unless the other side already trusts you. Other than that, what kind of collateral are you going to provide online?

I think everyone must answer those question for themselves and conclude if he need a Bitcoin bank or not. I do not need them and everybody who is willing to put in some time should be able to learn all he need to know to be independent. And i am very confident, that the people who give out loans will find a way to operate with a profit or leave this business to someone who can.

So you basically don't know?

From what I read here, lending bitcoins is more like playing Russian roulette. I guess you wouldn't call gambling as a business unless you are a casino owner yourself? If you are a borrower, Bitcoin banks would obviously require real collateral. In this way, on the one hand, borrowers will be discouraged from defaulting on their loans, and, on the other hand, deposits in such banks will be protected by proper collateral. In respect to everybody being be able to learn all they need to know to be independent, most ordinary people can't even install MS Office without help, let alone manage their desktop Bitcoin wallet

Topic: Do you agree with idea "Bitcoin bank" ? - page 86. (Read 142276 times)