Do you agree with idea "Bitcoin bank" ? - page 90.

diegz

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Quote from: TastyChillySauce00 on December 18, 2016, 11:28:37 PM

Quote from: diegz on December 18, 2016, 11:24:12 PM

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Quote from: Ewinsane on December 18, 2016, 05:07:56 PM

i think bitcoin through on internet is much more good than bank because Bank get a high fees and the government is also apply tax on our balance and online wallet has too much lower fees and our bitcoin is much more safe and its feel like as our bitcoin in our control when i keep my bitcoin in wallet .

We can't stop those banks if they are seeing that bitcoin has the potential to bump their services for the people. And that's for sure to happen that they will charge us for using their service and its up to us if we will avail their bitcoin banking services. But since there are already exchange sites, we can be our own bank with it.

Isn't exchanges the same as bitcoin bank? we deposit our bitcoin there and we transact using bitcoin exchanges, so I think there is no need to have a bitcoin bank, besides, it would just be a hassle for us to go there if there is really a physical bank. Hacks here and there are common, who knows, they might use it as an alibi too to make money.

Exchangers is definitely a different thing if you compare to the bank. Bank is where you can save your money, making the profit out of interests, and get the security for your money also you can get some sort of loan from the bank while exchanger is basically a service which exchange from a currency to another currency.

You can also save bitcoin on exchanges, only that they don't give interest and you just wait for the time to give you interest.

Exchanges are secure too, and I think if there is a bitcoin bank, they would offer the same security as what exchanges offers, except if they will be producing physical coins customized just for you where you can store your bitcoin so it is away from the internet, that would sound great!

Loans isn't too hard to implement, exchanges could do that if they want, it isn't a problem really.

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Quote from: diegz on December 18, 2016, 11:24:12 PM

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Quote from: Ewinsane on December 18, 2016, 05:07:56 PM

i think bitcoin through on internet is much more good than bank because Bank get a high fees and the government is also apply tax on our balance and online wallet has too much lower fees and our bitcoin is much more safe and its feel like as our bitcoin in our control when i keep my bitcoin in wallet .

We can't stop those banks if they are seeing that bitcoin has the potential to bump their services for the people. And that's for sure to happen that they will charge us for using their service and its up to us if we will avail their bitcoin banking services. But since there are already exchange sites, we can be our own bank with it.

Isn't exchanges the same as bitcoin bank? we deposit our bitcoin there and we transact using bitcoin exchanges, so I think there is no need to have a bitcoin bank, besides, it would just be a hassle for us to go there if there is really a physical bank. Hacks here and there are common, who knows, they might use it as an alibi too to make money.

Exchangers are definitely a different thing if you compare to the bank. Bank is where you can save your money, making the profit out of interests, and get the security for your money also you can get some sort of loan from the bank while exchanger is basically a service which exchange from a currency to another currency.

diegz

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Quote from: Ewinsane on December 18, 2016, 05:07:56 PM

i think bitcoin through on internet is much more good than bank because Bank get a high fees and the government is also apply tax on our balance and online wallet has too much lower fees and our bitcoin is much more safe and its feel like as our bitcoin in our control when i keep my bitcoin in wallet .

We can't stop those banks if they are seeing that bitcoin has the potential to bump their services for the people. And that's for sure to happen that they will charge us for using their service and its up to us if we will avail their bitcoin banking services. But since there are already exchange sites, we can be our own bank with it.

Isn't exchanges the same as bitcoin bank? we deposit our bitcoin there and we transact using bitcoin exchanges, so I think there is no need to have a bitcoin bank, besides, it would just be a hassle for us to go there if there is really a physical bank. Hacks here and there are common, who knows, they might use it as an alibi too to make money.

Ewinsane

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Using of bitcoin through on internet is much more good than bank because Bank get a high fees and the government is also apply tax on our balance and online wallet has too much lower fees and our bitcoin is much more safe and its feel like as our bitcoin in our control when i keep my bitcoin in wallet .

virtualkeybuyer

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Quote from: fikihafana on December 18, 2016, 09:45:45 AM

Bitcoin bank means centralized organization. I never trust keep my money in other place include small bank in my country. It will be worst idea to make bitcoin as centralized service.

I think it will mean the same as online bitcoin wallets. The online wallets for bitcoin are actually the smaller banks for bitcoin which are in the initial stage and in the former stage I have doubt that they will start to act like our banks.

alphablitzer

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Well, the idea of a bitcoin bank would be okay, just that we are considered banks as well. If you think about it, when we keep coins, that's like being a bank of yourself just no interests and others. A bitcoin bank that supports everything that Bitcoin is, as it is decentralized, public ledgers, peer to peer connections, and others.

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Quote from: fikihafana on December 18, 2016, 09:45:45 AM

Bitcoin bank means centralized organization. I never trust keep my money in other place include small bank in my country. It will be worst idea to make bitcoin as centralized service

Are you using a Bitcoin web wallet?

If you are, then you should know that there would be no particular difference between a Bitcoin web wallet and a Bitcoin bank specifically in respect to centralization. Web wallets are as centralized as any such service could potentially get, and no Bitcoin bank could ever become more centralized than that. But if you personally aren't using a web wallet after all, then you should know as well that millions of other Bitcoin users are still using them, whether you like it or not

Rinder

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Quote from: fikihafana on December 18, 2016, 09:45:45 AM

Bitcoin bank means centralized organization. I never trust keep my money in other place include small bank in my country. It will be worst idea to make bitcoin as centralized service.

This is the big risk under such choise, people sometimes get blind with their actions, in this situation the only interest here i believe is the fee you could get from bank, or maybe the vision would be able to invest into bitcoin without have to worry into get the funds blocked into the bank, something that happens regular with some traders.

apriloni

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i think bitcoin has do not need bank because bitcoin service is already is very much good and stable so we do not need bitcoin bank now and we using our bitcoin without any problem with easily.

deisik

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Quote from: fikihafana on December 18, 2016, 09:45:45 AM

Bitcoin bank means centralized organization. I never trust keep my money in other place include small bank in my country. It will be worst idea to make bitcoin as centralized service.

If Bitcoin banks are the worst idea, then web wallets are the second worst

In fact, the difference between web wallets and Bitcoin banks would be negligible. And whatever it might be, it will most likely be in favor of Bitcoin users, since the only essential difference that I can come up with right now would be interest that such banks would be paying on deposits held in such banks. I don't know about any web wallet doing that, though paying transaction fees for users may itself be interpreted as a sort of interest (remember, a penny saved is a penny gained)

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Quote from: fikihafana on December 18, 2016, 09:45:45 AM

Bitcoin bank means centralized organization. I never trust keep my money in other place include small bank in my country. It will be worst idea to make bitcoin as centralized service.

Anonymity is the reason why Bitcoin was made. We can use it without being traced by anyone or the Government. It's mean: Opening a Bitcoin bank system is the dumbest idea. Bitcoin users, especially veteran ones, will never put their Bitcoin into these kinds of centralized service. However, It is funny that if there is no Bitcoin bank, it is hard to convince other people about the Bitcoins' benefits. Bitcoin bank, in some ways, will advertise Bitcoin to more people.

fikihafana

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Bitcoin bank means centralized organization. I never trust keep my money in other place include small bank in my country. It will be worst idea to make bitcoin as centralized service.

Senor.Bla

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Quote from: merchantofzeny on December 18, 2016, 06:50:36 AM

Quote from: Doamader on December 15, 2016, 05:33:37 PM

Quote from: merchantofzeny on December 15, 2016, 04:29:24 PM

Maybe the bitcoins can be invested in various businesses? It would be nice if there's a way for people to pool their bits and invest it in a business and then receive dividends later, though I guess that would be hard to implement considering how anonymous bitcoin is.

People already make this with ico, funding several coins and then waiting those coins being traded, eth were one of them, and had made amazing results, i guess it jumped from 20k into 1 milion satoshis soo if you had waiting and holded your eth you would had made 50x your investment. As eth there are others altcoins coming and making sucess, shitty coins arent getting the support as last year, where anyone could create a coin and steall something like 5-20 btc from people. Bank of bitcoin wont happen, makes no sense to let a third person to come into bitcoin, fiat system has those already and its a waste of money nothing else.

I guess I'd need to read more about these, might make me money if I have some to invest. I've heard of ETH, I believe it's currently quite affordable to buy now. Around $7 dollars when I googled it earlier.

I am not a fan of the Bitcoin bank idea, but if it would happen i do not see why the Bitcoin bank should deal with altcoins and especially with those ICOs, since many of them are scams or just a way for some to make a quick buck. ETH is a bit different, but there is a lot to know and you should definitely read a lot before deciding if you want to invest in it.

merchantofzeny

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Quote from: Doamader on December 15, 2016, 05:33:37 PM

Quote from: merchantofzeny on December 15, 2016, 04:29:24 PM

Maybe the bitcoins can be invested in various businesses? It would be nice if there's a way for people to pool their bits and invest it in a business and then receive dividends later, though I guess that would be hard to implement considering how anonymous bitcoin is.

People already make this with ico, funding several coins and then waiting those coins being traded, eth were one of them, and had made amazing results, i guess it jumped from 20k into 1 milion satoshis soo if you had waiting and holded your eth you would had made 50x your investment. As eth there are others altcoins coming and making sucess, shitty coins arent getting the support as last year, where anyone could create a coin and steall something like 5-20 btc from people. Bank of bitcoin wont happen, makes no sense to let a third person to come into bitcoin, fiat system has those already and its a waste of money nothing else.

I guess I'd need to read more about these, might make me money if I have some to invest. I've heard of ETH, I believe it's currently quite affordable to buy now. Around $7 dollars when I googled it earlier.

Mastsetad

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Quote from: merchantofzeny on December 15, 2016, 04:29:24 PM

Maybe the bitcoins can be invested in various businesses? It would be nice if there's a way for people to pool their bits and invest it in a business and then receive dividends later, though I guess that would be hard to implement considering how anonymous bitcoin is.

A bitcoin bank would probably not be an idea like that, they will simply just keep the bitcoins with them and you will have their permission everytime for withdrawing or transferring your bitcoins just like how we do with fiat banking systems i guess.

R3ffun

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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.

yes i agree to you this is stupid idea Grin

just wonder bitcoin bank for what ?

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Quote from: rapazev on December 15, 2016, 07:12:13 PM

Quote from: deisik on December 15, 2016, 02:55:39 PM

A banker is enrolled in a signature campaign... Go on mate, I'm all ears!

and why not? why should i do for free something that can be paid? i'll post around here with or without the signature, so again, why not?
and you didn't even tried to argue against what i said... what a joke

Maybe, you are working in an Islamic bank, and there things are as you say, but all Western banking systems (including that of Russia) are built similarly and work exactly as I have been saying. If you are not, that pretty much proves that don't know a thing about banks and how they function, and I'm curious what office you hold (provided you are not lying in the first place). In respect to my words and how true they are, here is what Sir Mervyn King, a former Governor of the Bank of England in 2003-2013 says himself:

Quote from: rapazev on December 15, 2016, 07:12:13 PM

ps: i said i'm banker, not a millionaire or something like.

Could you please tell us what you are doing in the bank?

Kasabus

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Quote from: Positid on December 15, 2016, 10:42:57 PM

Quote from: Rinder on December 15, 2016, 09:25:45 PM

Quote from: rapazev on December 15, 2016, 07:12:13 PM

Quote from: deisik on December 15, 2016, 02:55:39 PM

A banker is enrolled in a signature campaign... Go on mate, I'm all ears!

and why not? why should i do for free something that can be paid? i'll post around here with or without the signature, so again, why not?
and you didn't even tried to argue against what i said... what a joke.

ps: i said i'm banker, not a millionaire or something like.
ps2: you're in a signature campaign too.

You work into a bank doesnt make you being more special then others, even with several beneficts you might have, why dont buy them directly, anyway the profession here isnt the question. Banks can provide an interest, but we dont need them at bitcoin since there are exchanges and casinos that already does provides interest for our bitcoins.

I guess you are right, who needs bank when we are earning even more than the interest banks can offer, not only exchange sites or casinos but holding alone can already make us rich if we do it in long term.

Banks and bitcoin should exist, we have the option to do transaction, if we want to save then we can put our money to the Bank without worrying as it's secured and if we want to invest, we can always do it with Bitcoin. At least we have Bank where we can save our earnings that is protected by insurance.

Positid

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Quote from: Rinder on December 15, 2016, 09:25:45 PM

Quote from: rapazev on December 15, 2016, 07:12:13 PM

Quote from: deisik on December 15, 2016, 02:55:39 PM

A banker is enrolled in a signature campaign... Go on mate, I'm all ears!

and why not? why should i do for free something that can be paid? i'll post around here with or without the signature, so again, why not?
and you didn't even tried to argue against what i said... what a joke.

ps: i said i'm banker, not a millionaire or something like.
ps2: you're in a signature campaign too.

You work into a bank doesnt make you being more special then others, even with several beneficts you might have, why dont buy them directly, anyway the profession here isnt the question. Banks can provide an interest, but we dont need them at bitcoin since there are exchanges and casinos that already does provides interest for our bitcoins.

I guess you are right, who needs bank when we are earning even more than the interest banks can offer, not only exchange sites or casinos but holding alone can already make us rich if we do it in long term.

Conus

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Iwould have to say that this would be a good idea if someone would run it and not try to do what the banks today do and rip the customers off and loan out 10 times what they have in the bank. I doubt that will happen, so BAD IDEA!

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