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Topic: Do you agree with idea "Bitcoin bank" ? - page 93. (Read 142276 times)

hero member
Activity: 1190
Merit: 534
December 15, 2016, 02:39:08 AM
I would think that more people would like the idea. But instead a lot of people dislike the idea. I thought that it was a great idea because you could get a quick loan if you were in need of some Bitcoin. It is also a good idea because the banks would pay you interest like they do in a fiat bank.

Yes there is a flow of opinions but I see the major debate is regarding control or the possession of the funds. People would like to gain some interest on their funds but most of them won’t be ready to handover their bitcoins (and they are right on their part) but banks or any other financial institutions will only be able to give interests when they will lend it to others and hence the ideology behind middlemen (bank) is to manage the possession and make best use of it.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
December 15, 2016, 02:32:37 AM
I would think that more people would like the idea. But instead a lot of people dislike the idea. I thought that it was a great idea because you could get a quick loan if you were in need of some Bitcoin. It is also a good idea because the banks would pay you interest like they do in a fiat bank.
What's the different from requesting a loan on some sites which provide it then? I guess that the requirements still the same. You may provide some important data or documents and then giving a collateral if it's necessary and you will be burdened by the interests which are quite high for a monthly period or even weekly as you negotiated with the lender. People aren't worrying about the lending system on the first place but if the bitcoin bank is going to be realized. The whole system will turning out becoming centralized
hero member
Activity: 700
Merit: 500
December 15, 2016, 02:26:10 AM
I would think that more people would like the idea. But instead a lot of people dislike the idea. I thought that it was a great idea because you could get a quick loan if you were in need of some Bitcoin. It is also a good idea because the banks would pay you interest like they do in a fiat bank.
sr. member
Activity: 826
Merit: 250
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December 15, 2016, 01:40:35 AM
i think bitcoin bank is necessary for bitcoin users ,
for what ? i think bank local can help bitcoin users .
so i think if there is bitcoin bank for what ? i think no need
legendary
Activity: 3472
Merit: 10611
December 15, 2016, 01:02:27 AM
No. I don't see how a regular bank is any different from something named Bitcoin bank. In both cases you have no control over your money. I at all times will make sure I am the only person holding my coins. The only exception is when I am trading and when I mix my coins. Other than that, my coins are always in my full ownership.

a bank can just be another service like any other service. and services are always needed. and despite everyone showing hate towards banks around this forum, we are all using banks for our money and in some cases i can see people using bitcoin bank too. for example to issue accounts with profit or loans.
newbie
Activity: 28
Merit: 0
December 15, 2016, 12:56:40 AM
i think bitcoin bank is necessary for bitcoin users ,
hero member
Activity: 714
Merit: 500
December 15, 2016, 12:30:48 AM
Of course not, it goes against the main purpose and core idea behind the creation of Bitcoin. It takes out decentralization from it, and secondly we let another entity interfere with it and possibly share the control of it. Even it this idea goes into practice, I'd never get into it.
sr. member
Activity: 602
Merit: 250
December 14, 2016, 11:35:05 PM
We do not need it at all because we can control it ourselves and due to that I do not think its good and it will also destroy the bitcoin mind too...
yes i agree for your statement . we can control it
open bitcoin bank is no need, if there is bitcoin bank so there is third party this is make our bitcoin not safe and may be we have to pay tax every month
sr. member
Activity: 602
Merit: 250
December 14, 2016, 11:29:07 PM
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.
honestly for me . i do not care about this because for me bitcoin as income not payment .  and i think bank local can change it to local money ! it's enough
legendary
Activity: 1092
Merit: 1000
December 14, 2016, 10:26:50 PM
ofcourse i agree . We can easily withdraw with that bitcoin bank Smiley

   Point of the bitcoin is not to withdraw at all, one day we will do things directly, bitcoins for something we wish, and that banks lose their meaning. When we have bitcoin, and first thing I saw was be your own bank, I wish that, so there is no space for some banks, their fees and taxes.
   

I too agree that Bitcoin bank, but before that, I want to fix the bitcoin price. Yup, there is a lot of fluctuation in bitcoin price. So if the price went down like hell means there is no meaning for bitcoin bank. So we have to fix the price and make bitcoin bank. If it comes to market, it will help us a lot. I am waiting for that day.
member
Activity: 83
Merit: 10
December 14, 2016, 09:21:30 PM
No. I don't see how a regular bank is any different from something named Bitcoin bank. In both cases you have no control over your money. I at all times will make sure I am the only person holding my coins. The only exception is when I am trading and when I mix my coins. Other than that, my coins are always in my full ownership.
hero member
Activity: 588
Merit: 500
December 14, 2016, 02:35:54 PM
ofcourse i agree . We can easily withdraw with that bitcoin bank Smiley

   Point of the bitcoin is not to withdraw at all, one day we will do things directly, bitcoins for something we wish, and that banks lose their meaning. When we have bitcoin, and first thing I saw was be your own bank, I wish that, so there is no space for some banks, their fees and taxes.
   
hero member
Activity: 1246
Merit: 588
December 14, 2016, 02:30:54 PM


People won't read all these manuals

They would rather use web wallets or not use Bitcoin at all. I'm talking about ordinary people, not geeks, of course. How many people are actually using web wallets is now pretty well known. And as I see it, in respect to security, these wallets won't be much different from Bitcoin banks, but you should also reckon in the possibility that Bitcoin banks could greatly contribute to Bitcoin popularity among simple people, and even if you hate banks and Bitcoin banks in particular, you would still benefit from their emergence if it should occur

 I myself uses web wallets. Because there is such a certain factors why we do like to use web wallets than deskttop wallet.
First is that we are not holding a fund that much tho.
The second is that IMO it is more convenient in terms of expense.
Third is the slow internet issue,  I try to use bitcore before but updating into current blocks would cost me a months of update which leads me to decide to rather used web wallet.

I have nothing against banks but this guy is right. Most people agree with the idea of bitcoin bank because they think that it'll be more secure. If you do not know how to make your bitcoin wallet secure, then learn how to do it. Just a simple search in google and you'll get thousand results. Most of them are helpful, but you gotta check your computer for virus and keyloggers first


That is the problem I do not have a good virus protection tho. I should have bought a licensed one before i would risk doing so.




legendary
Activity: 3514
Merit: 1280
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December 14, 2016, 02:14:48 PM
ofcourse i agree . We can easily withdraw with that bitcoin bank Smiley
why do you trust someone to hold and controll your money while you can controll them by yourself,  i know that everyone has their own opinion over this topic, however i just dont get it with those are claimed that bitcoin bank is a good idea,  imagine if you have million dollars in bitcoin and you stored them out there, if you do anything illegal or something bad then they will close/freeze your account since they have ultimate controll over your wealth.
Simply bitcoin bank make our bitcoin are no longer decentralized.

I have nothing against banks but this guy is right. Most people agree with the idea of bitcoin bank because they think that it'll be more secure. If you do not know how to make your bitcoin wallet secure, then learn how to do it. Just a simple search in google and you'll get thousand results. Most of them are helpful, but you gotta check your computer for virus and keyloggers first

People won't read all these manuals

They would rather use web wallets or not use Bitcoin at all. I'm talking about ordinary people, not geeks, of course. How many people are actually using web wallets is now pretty well known (see Coinbase ft. IRS). And as I see it, in respect to security, these wallets won't be much different from Bitcoin banks, but you should also reckon in the possibility that Bitcoin banks could greatly contribute to Bitcoin popularity among simple people, and even if you hate banks and Bitcoin banks in particular, you would still benefit from their emergence if it should occur
legendary
Activity: 1008
Merit: 1060
December 14, 2016, 01:57:15 PM
ofcourse i agree . We can easily withdraw with that bitcoin bank Smiley
why do you trust someone to hold and controll your money while you can controll them by yourself,  i know that everyone has their own opinion over this topic, however i just dont get it with those are claimed that bitcoin bank is a good idea,  imagine if you have million dollars in bitcoin and you stored them out there, if you do anything illegal or something bad then they will close/freeze your account since they have ultimate controll over your wealth.
Simply bitcoin bank make our bitcoin are no longer decentralized.

I have nothing against banks but this guy is right. Most people agree with the idea of bitcoin bank because they think that it'll be more secure. If you do not know how to make your bitcoin wallet secure, then learn how to do it. Just a simple search in google and you'll get thousand results. Most of them are helpful, but you gotta check your computer for virus and keyloggers first.

On a side note, I also think that these people trusts their government and so it's okay that the whole point of bitcoin will be neglected and just surrender their coins to a bitcoin bank made by the government.
full member
Activity: 224
Merit: 100
December 13, 2016, 09:34:08 AM
 i think we do not need bitcoin bank because we already using online system and we can keep our all bitcoin in anywhere and in any wallet with out any taxes and i think bitcoin bank will be get a high fees from our bitcoin so currently internet system is better.                                                                                                                                                      
sr. member
Activity: 364
Merit: 250
December 13, 2016, 07:25:00 AM
well if there want to be a bank for bitcoin well it will not be too good because the government will then now come in have charge of it and might also want to even want to stop it cause they will know it potentials. as for me i really don"t think well really need it  for the reason so i think people should trade it the way it is now.
you are correct, if there will no Government on such bank then they may scam us and they may also miss use our money.
But there is another case you can think if every body deposit their Bitcoin in Bitcoin bank then all Bitcoins will be in the hands of one institution and this thing will harm Bitcoin.
I agree with you two, if we put our bitcoin in bank its mean we let government to control it and bank to monopolize our bitcoin. I think big financial capital is big power that can make a few people rich but also can make many small business collapse too. So I don't agree with idea bitcoin bank.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
December 13, 2016, 02:40:33 AM
ofcourse i agree . We can easily withdraw with that bitcoin bank Smiley
why do you trust someone to hold and controll your money while you can controll them by yourself,  i know that everyone has their own opinion over this topic, however i just dont get it with those are claimed that bitcoin bank is a good idea,  imagine if you have million dollars in bitcoin and you stored them out there, if you do anything illegal or something bad then they will close/freeze your account since they have ultimate controll over your wealth

If you have a stash of bitcoins worth millions of dollars, I guess you could establish your own Bitcoin bank

For those who have been asking why would anyone need Bitcoin bank (let's assume that they are sincere in their misunderstanding), I suggest to think over why people may need web wallets. Since the assumption that they don't need them is obviously false just because people are actively using these wallets (me included) and there are millions of accounts opened there, therefore Bitcoin banks will be even more eagerly sought after. The reason is quite simple though, namely, Bitcoin banks would offer the same things as web wallets do plus a lot of what they don't

Simply bitcoin bank make our bitcoin are no longer decentralized.

I don't think that with Coinbase and Xapo our Bitcoin is not centralized already (whatever you might mean by this)
hero member
Activity: 868
Merit: 500
December 13, 2016, 02:12:06 AM
well if there want to be a bank for bitcoin well it will not be too good because the government will then now come in have charge of it and might also want to even want to stop it cause they will know it potentials. as for me i really don"t think well really need it  for the reason so i think people should trade it the way it is now.
you are correct, if there will no Government on such bank then they may scam us and they may also miss use our money.
But there is another case you can think if every body deposit their Bitcoin in Bitcoin bank then all Bitcoins will be in the hands of one institution and this thing will harm Bitcoin.
newbie
Activity: 14
Merit: 0
December 13, 2016, 01:51:24 AM
well if there want to be a bank for bitcoin well it will not be too good because the government will then now come in have charge of it and might also want to even want to stop it cause they will know it potentials. as for me i really don"t think well really need it  for the reason so i think people should trade it the way it is now.
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