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Topic: Do you think there should be a Crypto Bank? - page 2. (Read 809 times)

sr. member
Activity: 1250
Merit: 295
Palestine
crypto =/= bank taht what i think crypto are here to help us from evil banks and banks ruins eveything they get involved in (wont be profitable )
jr. member
Activity: 163
Merit: 1
I think so, it should be there a Crypto Bank. We know that digital money or crypto currency is a decentralized and free framework, but it will probably be more secure for the users saving their coins or money. However, some says that It just will limit the crypto currency. Let's we see what will happen in the future and most of users may probably don't know about it exactly. Everyone is free here to say his or her ideas.
newbie
Activity: 24
Merit: 0
I think nope, because Cryptocurrency is a story about decentralization a bank is a brought together framework. Digital money is a decentralized and free framework. I truly don't know how it can be joined, however one thing I know without a doubt. The keeping money framework prevents the advancement of the digital money. These two ideas can not be connected. How about you?
newbie
Activity: 106
Merit: 0
I think that would be centralization which is just the opposite of what cryptocurrencies are all about, I would like though the governments to have more awareness of situations that would require justice in terms of cryptocurrency trading.
newbie
Activity: 40
Merit: 0
I say let the free market choose. I without a doubt would not give my advantages access some "crypto bank". It would be a programmers dream to hack that and get all the computerized resources. I think we are far more secure keeping the advantages decentralized and spread everywhere in little sums while being educated of the security circumstances we should know about.
jr. member
Activity: 140
Merit: 1
CryptoBank is necessary for every person, so that it is possible to easily and instantly transfer different crypto currency between different exchanges or purses, and also transfer it to other users or cash it with a plastic card at any ATM. And use it for calculations in any store. And that all crypto money is insured. These are the dreams.
legendary
Activity: 1330
Merit: 1003
I think that there should be one. That way they can help a lot of people hold their coins without them having to worry about losing passwords, emails or private keys. No matter what happens there will always be the need for banks because there are always people who do not do well in holding their own money by themselves. So someone should get on that.
sr. member
Activity: 424
Merit: 250
Yes, but not in the usual sense. Because modern banks are centralized, which is contrary to the principles of blockchain
member
Activity: 420
Merit: 10
I don't know because cryptocurrency is a story about decentralization, but with banks you must trust your data and money to third parties.
newbie
Activity: 196
Merit: 0
Is true we need a crypto bank that will allow us to make some loan and deposit to protect our crypto asset
newbie
Activity: 41
Merit: 0
With the existence of this crypto bank is good because it can store the assets of crypto well and in time we need we can exchange, but for security can not be guaranteed, many hackers are eyeing. But quite profitable.
I'm in absolute agreement portfolio security is a big issue
newbie
Activity: 210
Merit: 0
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?

I think this is not a good idea of having crypto bank which holds all the reserve and give insurance of our crypto assets. It is not safe if that the will be implemented because there will be a chance that scammers can easily scam our coins making fake crypto banks just like fake bounty campaigns. The technology today have a better ways by decentralized platforms not centralized.
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
Yes, there's actually a crypto banks that is now on going process. I believe we need a crypto bank that will allow us to make some loan and deposit to protect our crypto assets as banks will not be destroyed it will only upgrade in a crypto banking systems.
full member
Activity: 686
Merit: 125
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
Well i do not like to have a banking for cryptocurrency because it will just add up the transaction cost per crypto that you will going to store besides it is still the same storing that require digital wallet and as we heard news that even good exchanges could be hi jack how much more those banking system that their employee could betray the bank and will have the probability that employee will going to betray and will do an inside job of hi jacking crypto.
full member
Activity: 672
Merit: 100
What for? Why is it needed? The bank is the remnants of our old financial system, no matter how much we want, people will still try to shove this terrible tool into our systems, but that will not work, because we have smart contracts, why do we need a bank?
full member
Activity: 448
Merit: 104
I think it can be a good idea if these type of projects come with proper security and long term plan and yeah hacker can hack anything but if they have a big amount of assets it can easily be miniized through rolling of crypto.
newbie
Activity: 70
Merit: 0
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
In fact, I don't particularly understand what an encrypted bank looks like. I think the reason I like Bitcoin is that I don't need a bank. I am responsible for my property. I will not choose to deposit my own cryptocurrency into the so-called "bank".
jr. member
Activity: 182
Merit: 1
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?

Isn't this against the whole idea of crypto?

The only reason why anyone would give insurance is if they held your private keys...which is not a good idea!
newbie
Activity: 45
Merit: 0
A bank is a brought together framework. Digital money is a decentralized and free framework. I truly don't know how it can be joined, however one thing I know without a doubt. The keeping money framework prevents the advancement of the digital money. These two ideas can not be connected.
full member
Activity: 406
Merit: 100
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?

Ordinary banks can not guarantee the safety of your money and in my view point it is even more difficult to protect the currency. I think banks do not need crypto currency.
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