Topic: Do you think there should be a Crypto Bank? (Read 809 times)
Blockchain technology doesn't need a bank at all. We put our coins in the wallet and refrigerate the private key, so no one can steal our coins, so I think it is very safe, so the bank There is no role at all here.
If that ever happens we are going back to the problem we have avoided in the first place. The main reason why cryptocurrency was created was to find solution to those banks who have abused their power and we created a decentralized currency. Now if we ever have banks for cryptocurrency we will make a big mistake.
The purpose of the bank is to centralize the management mechanism. Blockchain is a decentralized open and transparent mechanism. I think that even if the bank was created as an encrypted bank, it is different from the original bank.
I think that the bank is necessary, but I'm not sure that at this moment with such a specific market, you can expect a confident growth. Rather, it is a project with a riddle to the future. I expect growth by the end of next year.
No. it's not necessary, with crypto having wallet means you become your own bank without the need of centralized organisation to save up the money for you and deducting it for fee.Also it's against decentralized ideal we have, cryptocurrency was aimed to become a decentralized currency so there's no authorities behind it.
It seems to me that there is no need to create an encrypted bank. Bitcoin technology is a database that creates a distributed ledger. Each of us can manage our own funds, which I don't think is necessary.
I don't think it's necessary, because we can master our own property. We just need to put the cryptocurrency in our wallet and then refrigerate the private key. Then no one can steal our cryptocurrency. I believe this is the safest.
There should be a bank for cryptocurrency because that would be the center for every transaction as well as controlling some large transactions involving the cryptocurrency market.
Cryptocurrencies are the disrupters that threaten the use case of banks. We have already see this in countries with challenging economies, where banks can steal your money, or economic mismanagement can devalue it before you have the chance to spend it.
this has happened. Currently coinbase floor has developed and system as an electronic money bank. In the near future electronic money will be widely traded
I think that the bank is necessary, but I'm not sure that at this moment with such a specific market, you can expect a confident growth. Rather, it is a project with a riddle to the future. I expect growth by the end of next year.
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
That's debatable. After all, the cryptocurrency was invented so that ordinary people could be independent of banks, taxes and all this. And the crypto Bank will put forward the same conditions as the state Bank. thus, gradually turning the cryptocurrency into a regular salary with taxes, interest and loans 
There had been several attempt to create a cryptobank in fact there is a project right now that is named Cryptobank which is also doing an ICO. A bitcointalk forum staff had even announced it here in the forum the platform seem to create digital currencies like GBP, EUR and USD. This is it https://bitcointalksearch.org/topic/bounty-cryptobank-is-a-decentralized-global-payment-system-4139104
I don't think we need a Crypto Bank. Cryptocurrency is safe enough for us to keep it by ourself so no one can touch to our money if we don't lose the wallet. If well put it to the bank, the bank will become a good target to be attacked by hackers and our money can be lost easier.
I think that there should be one but before there should be a crypto bank they should make sure that whatever system that they are going to be running it on should be pretty much unhackable as being hacked is one of the major concerns of investing in cryptos. So if people are going to trust a crypto bank to put their money in it then they have to be sure that they can keep the money safe.
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
Really, I don't think it is good idea for cryptocurrency. Because someone must control this bank. the prophet you can get from these deposits are very small because you need to pay some commissions. What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
Nope i don't think it is good since we will deviate the online system technology. It is better this way since online can eliminate corruption and big taxes.
No i'm not totally agree that there were be a crypto bank because it was not a gurantee the security of your assets when you put into crypto bank there are many hackers are planning to stole all crypto assets in the bank it is better in our own wallet.
If ever a cryptocurrency bank is going to be made then we are back to square one. Cryptocurrency biggest asset and main selling point is being decentralized. That's what we find cryptocurrency appealing, now if cryptocurrency bank is going to be made then what was the purpose of cryptocurrency being decentralized in the first place.
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
First and foremost, i don't think cryptos should be described as assets. They are digital currencies which is meant to be an alternative mode for payment of goods and services. With regards to whether there should be a crypto bank, if only this crypto banks will operate under a decentralized ecosystem, having a crypto bank will not be a bad idea.
I think this is a development trend. It is very necessary. At the same time, it needs technical innovation to better protect our assets from hackers and ensure the safety of our assets. The traditional banks are expensive and arrogant. Creating an encrypted bank is both profitable and easy for us to live in.
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