Do you agree with idea "Bitcoin bank" ? - page 87.

Pattart

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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?

Senor.Bla

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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.

chris200x9

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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.

Bitcoin bank is not necessary, but we need bitcoin ATM in my country. I heard that in some country people would withdraw their bitcoin money through atms. It's an actually good idea they will charge for this service, but it is useful. In my country, it's not there. So if we get this, we will be happy no need bitcoin bank.

deisik

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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?

Zadicar

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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.

passwordnow

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Quote from: 1Referee on December 21, 2016, 04:15:22 AM

Quote from: passwordnow on December 21, 2016, 01:15:44 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.

With the fast pace of technology, we may say now that we don't need it but I guess when the right time comes. We don't have choice when those banks are going to adopt the usage of bitcoin with their system. But as of now we don't need to think about that for that will be a long debate in the congress of a country that will allow that to happen.

Banks will not adopt Bitcoin as in them offering you a Bitcoin bank account where you can deposit and withdraw coins. What I however can see happening at some point, is that they offer a feature to trade Bitcoin via a stock-like manner. It's you buying and selling Bitcoin, but without the ability of actually depositing and withdrawing Bitcoin. It's perhaps an extreme example, but I can't think of any other ways of seeing banks jump into Bitcoin. Not that they wouldn't see anything in it, but just because of the government keeping them under tight control.

I guess as long as the bank is there, everything that can be offered by those banks who will adopt bitcoin will be applicable. Even though that there are third party sites that are offering this already still the bank is good to do it deposit and withdraw coins just like the usual way of doing it with fiat money. But I guess many will just use the loaning service of banks instead of deposit and withdrawal.

burner2014

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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.

deisik

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Quote from: 1Referee on December 21, 2016, 04:15:22 AM

Quote from: passwordnow on December 21, 2016, 01:15:44 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.

With the fast pace of technology, we may say now that we don't need it but I guess when the right time comes. We don't have choice when those banks are going to adopt the usage of bitcoin with their system. But as of now we don't need to think about that for that will be a long debate in the congress of a country that will allow that to happen.

Banks will not adopt Bitcoin as in them offering you a Bitcoin bank account where you can deposit and withdraw coins. What I however can see happening at some point, is that they offer a feature to trade Bitcoin via a stock-like manner. It's you buying and selling Bitcoin, but without the ability of actually depositing and withdrawing Bitcoin. It's perhaps an extreme example, but I can't think of any other ways of seeing banks jump into Bitcoin. Not that they wouldn't see anything in it, but just because of the government keeping them under tight control

It is assumed that governments might become more loyal toward Bitcoin

Okay, you don't need to reiterate all the reasons why they in fact might not be interested in becoming more friendly. Whatever you could say, I would likely add a couple other reasons to that. Nevertheless, if Bitcoin is accepted and regulated as a foreign currency (which would be the best option as I'm inclined to think), there is not a single reason to assume anything you come to assume. For example, that banks would allow you to keep only cash settled bitcoins. If you open a bank account in a certain foreign currency, you can send it to another bank as well as withdraw it through an ATM just like your local money

Senor.Bla

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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?

Pattart

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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 ?

JANGKRIK BOSS

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I agree, with the existence of the bitcoin bank certainly the more expand the use bitcoin. It also could make it easier to buy and sell bitcoin transactions. With the existence of the bitcoin bank will certainly easily find ATM bitcoin.

1Referee

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Quote from: passwordnow on December 21, 2016, 01:15:44 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.

With the fast pace of technology, we may say now that we don't need it but I guess when the right time comes. We don't have choice when those banks are going to adopt the usage of bitcoin with their system. But as of now we don't need to think about that for that will be a long debate in the congress of a country that will allow that to happen.

Banks will not adopt Bitcoin as in them offering you a Bitcoin bank account where you can deposit and withdraw coins. What I however can see happening at some point, is that they offer a feature to trade Bitcoin via a stock-like manner. It's you buying and selling Bitcoin, but without the ability of actually depositing and withdrawing Bitcoin. It's perhaps an extreme example, but I can't think of any other ways of seeing banks jump into Bitcoin. Not that they wouldn't see anything in it, but just because of the government keeping them under tight control.

deisik

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Quote from: stadus on December 21, 2016, 12:08:00 AM

Quote from: x4 on December 20, 2016, 06:13:59 PM

Quote from: Rinder on December 20, 2016, 05:46:21 PM

Quote from: deisik on December 20, 2016, 02:22:49 PM

Quote from: thejaytiesto on December 20, 2016, 02:15:49 PM

The idea of the bitcoin bank may not be very appealing for most people here because most people here are not idiots that don't know how to deal and hold their own bitcoin, but outside of internet forums most people are clueless and they will like the idea of other third party managing their money and not having to stress about losing your private keys because you forget the password or something like that, so yes i think there is still a strong niche for that bankster idea on bitcoin.

If we are to face the facts, you can't actually claim that all these millions of people who are using web wallets (for whatever reason) are idiots since a Bitcoin bank is essentially an advanced version of a web wallet. It would be basically along the same lines as claiming that the majority of people are idiots overall. But they can't be idiots by definition. In this way, I can't possibly see why the idea of Bitcoin bank may not be very appealing to bitcoiners at large. This idea may be even disgustful to you personally, but that doesn't mean that you can speak on behalf of all Bitcoin users...

In fact, the minority is always more vocal than the majority in any field

I do understand your point of view, but i doubt anyone here is really interested into a bank of bitcoins, besides the wallets that allow us to have plenty control of our coins, making us our own banks.

That's true, some web wallets are just like this, (like coinbase), as they required to send their users their personal information just what all banks is, instead bitcoin can do transaction without this personal information so whats the point why bitcoin bank can be created it simply destroy the anonymity of the coin.

It defeats the purpose on why we are using bitcoin, why we love bitcoin is because of it's anonymity and once there's a bank, there would be a Know your Client policy that will be integrated in the system and I guess majority of us will not be happy with that and will end up not supporting a bitcoin bank.

Most people are here for profits, not for some ideals like anonymity (which is still subpar, by the way), so, I think, you shouldn't use "we" (just speak for yourself). The purpose you are talking about has been defeated long ago already. Major exchanges (e.g. Bitstamp, Kraken, etc) already have KYC policies implemented, especially if you are going away from Bitcoin and trying to cash out. I guess it is the same with web wallets and their Bitcoin payment cards as well...

In other words, it is six of one and half a dozen of the other

genos

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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.

All of decision depending with bank, when bank think that they will getting more profit if adopt bitcoin. It will happen. But in the reality bitcoin is working decentralized and anonym that we can keep it on bitcoin wallet by free without any additional fees or tax and didn't need any bank for our bitcoin.

passwordnow

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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.

With the fast pace of technology, we may say now that we don't need it but I guess when the right time comes. We don't have choice when those banks are going to adopt the usage of bitcoin with their system. But as of now we don't need to think about that for that will be a long debate in the congress of a country that will allow that to happen.

stadus

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Quote from: x4 on December 20, 2016, 06:13:59 PM

Quote from: Rinder on December 20, 2016, 05:46:21 PM

Quote from: deisik on December 20, 2016, 02:22:49 PM

Quote from: thejaytiesto on December 20, 2016, 02:15:49 PM

The idea of the bitcoin bank may not be very appealing for most people here because most people here are not idiots that don't know how to deal and hold their own bitcoin, but outside of internet forums most people are clueless and they will like the idea of other third party managing their money and not having to stress about losing your private keys because you forget the password or something like that, so yes i think there is still a strong niche for that bankster idea on bitcoin.

If we are to face the facts, you can't actually claim that all these millions of people who are using web wallets (for whatever reason) are idiots since a Bitcoin bank is essentially an advanced version of a web wallet. It would be basically along the same lines as claiming that the majority of people are idiots overall. But they can't be idiots by definition. In this way, I can't possibly see why the idea of Bitcoin bank may not be very appealing to bitcoiners at large. This idea may be even disgustful to you personally, but that doesn't mean that you can speak on behalf of all Bitcoin users...

In fact, the minority is always more vocal than the majority in any field

I do understand your point of view, but i doubt anyone here is really interested into a bank of bitcoins, besides the wallets that allow us to have plenty control of our coins, making us our own banks.

That's true, some web wallets are just like this, (like coinbase), as they required to send their users their personal information just what all banks is, instead bitcoin can do transaction without this personal information so whats the point why bitcoin bank can be created it simply destroy the anonymity of the coin.

It defeats the purpose on why we are using bitcoin, why we love bitcoin is because of it's anonymity and once there's a bank, there would be a Know your Client policy that will be integrated in the system and I guess majority of us will not be happy with that and will end up not supporting a bitcoin bank.

x4

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Quote from: Rinder on December 20, 2016, 05:46:21 PM

Quote from: deisik on December 20, 2016, 02:22:49 PM

Quote from: thejaytiesto on December 20, 2016, 02:15:49 PM

The idea of the bitcoin bank may not be very appealing for most people here because most people here are not idiots that don't know how to deal and hold their own bitcoin, but outside of internet forums most people are clueless and they will like the idea of other third party managing their money and not having to stress about losing your private keys because you forget the password or something like that, so yes i think there is still a strong niche for that bankster idea on bitcoin.

If we are to face the facts, you can't actually claim that all these millions of people who are using web wallets (for whatever reason) are idiots since a Bitcoin bank is essentially an advanced version of a web wallet. It would be basically along the same lines as claiming that the majority of people are idiots overall. But they can't be idiots by definition. In this way, I can't possibly see why the idea of Bitcoin bank may not be very appealing to bitcoiners at large. This idea may be even disgustful to you personally, but that doesn't mean that you can speak on behalf of all Bitcoin users...

In fact, the minority is always more vocal than the majority in any field

I do understand your point of view, but i doubt anyone here is really interested into a bank of bitcoins, besides the wallets that allow us to have plenty control of our coins, making us our own banks.

That's true, some web wallets are just like this, (like coinbase), as they required to send their users their personal information just what all banks is, instead bitcoin can do transaction without this personal information so whats the point why bitcoin bank can be created it simply destroy the anonymity of the coin.

Rinder

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Quote from: deisik on December 20, 2016, 02:22:49 PM

Quote from: thejaytiesto on December 20, 2016, 02:15:49 PM

The idea of the bitcoin bank may not be very appealing for most people here because most people here are not idiots that don't know how to deal and hold their own bitcoin, but outside of internet forums most people are clueless and they will like the idea of other third party managing their money and not having to stress about losing your private keys because you forget the password or something like that, so yes i think there is still a strong niche for that bankster idea on bitcoin.

If we are to face the facts, you can't actually claim that all these millions of people who are using web wallets (for whatever reason) are idiots since a Bitcoin bank is essentially an advanced version of a web wallet. It would be basically along the same lines as claiming that the majority of people are idiots overall. But they can't be idiots by definition. In this way, I can't possibly see why the idea of Bitcoin bank may not be very appealing to bitcoiners at large. This idea may be even disgustful to you personally, but that doesn't mean that you can speak on behalf of all Bitcoin users...

In fact, the minority is always more vocal than the majority in any field

I do understand your point of view, but i doubt anyone here is really interested into a bank of bitcoins, besides the wallets that allow us to have plenty control of our coins, making us our own banks.

crairezx20

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Quote from: Mastsetad on December 20, 2016, 12:08:49 PM

Quote from: wuvdoll on December 20, 2016, 11:56:24 AM

Why not we consider coinsbank services (and other similar services) as a bitcoin banking service ? And why we are still expecting our central banks to adopt bitcoins ?

In my understanding people are looking for easy cash out for their bitcoin, that is the reason they are expecting their regular bank to adopt bitcoins. But in long term perspective, we are going to use bitcoin and there will be no need to sell them to get the benefits of them.

I don't understand how people will get easy cash out of their bitcoin if their regular banks accept bitcoins? By interests? I don't think banks would pay any easy cash to bitcoin holders and even if they do they wont give them much, maybe about 1% a year and that is really nothing at all.

Well here in my country we do not need bitcoinbanks because we can easily or instantly cash and encash bitcoin.. unlike before that it takes a day or days before we can withdraw or deposit.. so we do not need that bank.. i think the only help of bitcoin bank more people can be trust bitcoi nto use if there is people who are starting a banks for bitcoin that they can think that bitcoin is real..

deisik

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Quote from: thejaytiesto on December 20, 2016, 02:15:49 PM

The idea of the bitcoin bank may not be very appealing for most people here because most people here are not idiots that don't know how to deal and hold their own bitcoin, but outside of internet forums most people are clueless and they will like the idea of other third party managing their money and not having to stress about losing your private keys because you forget the password or something like that, so yes i think there is still a strong niche for that bankster idea on bitcoin.

If we are to face the facts, you can't actually claim that all these millions of people who are using web wallets (for whatever reason) are idiots since a Bitcoin bank is essentially an advanced version of a web wallet. It would be basically along the same lines as claiming that the majority of people are idiots overall. But they can't be idiots by definition. In this way, I can't possibly see why the idea of Bitcoin bank may not be very appealing to bitcoiners at large. This idea may be even disgustful to you personally, but that doesn't mean that you can speak on behalf of all Bitcoin users...

In fact, the minority is always more vocal than the majority in any field

Topic: Do you agree with idea "Bitcoin bank" ? - page 87. (Read 142276 times)