Topic: Do you think there should be a Crypto Bank? - page 3. (Read 794 times)
I do not think that there is any need for a crypto bank, the exchanges and wallets are already serving the purpose of a storage house for our cryptos, so no need for the crypto banks. Rather, what we need is a regulatory body to control these cryptos, especially the invention of a new Ico, and its acceptance into the market.
Yes because Crypto Bank will secure us and free from the worry of hackers.
I do not think a bank is what we need because essentially this will empower those guys running the banks which we do not want, we do not want monopoly but what we need are better transaction rates and larger acceptance of crypto in the world.
I think the entire cryptocurrency market should have a complete regulatory body that can filter or completely eliminate illegal programs and fraud in the market. Because there are many illegal elements in the industry that use this industry to launder money or other improper uses.
It is not that easy to work it out.
Let us say there could be one. (I hope not.)
Will they really sign to an agreement that every time the bitcoin price goes up and someone wants to withdraw their bitcoin immediately they will approve it?
That is high risk already for a bank. They dont want that to happen that is why they are just holding fiats and gold which have value that doesnt move much anymore.
Bitcoin aint like that. We can all see that. It fluctuates heavily.
Another thing is anonymity. You will lose it once you are using them. I doubt they will just let you come in without proofs of your identity.
Let us say there could be one. (I hope not.)
Will they really sign to an agreement that every time the bitcoin price goes up and someone wants to withdraw their bitcoin immediately they will approve it?
That is high risk already for a bank. They dont want that to happen that is why they are just holding fiats and gold which have value that doesnt move much anymore.
Bitcoin aint like that. We can all see that. It fluctuates heavily.
Another thing is anonymity. You will lose it once you are using them. I doubt they will just let you come in without proofs of your identity.
Crypto bank to me is not really necessary.The only condition whereby I can advice that their should be cryptobank is for the sake of better exchange, because of people who have always had difficulties in making exchange. As a matter of fact, for now.many people are still okay with their wallets.
It's too ironic to put crypto in a "bank". I think what you mean is to have a crypto for a purpose of baking circulation. This will happen when we kill fiat currency but for now let's trust the blockchain.
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
Crypto bank is a very creative idea and has a high innovation. With the existence of bank crypto then things like this will be able to increase the existence of the development of digital currency. The existence of a bank crypto will certainly make more and more people believe in the digital currency. it will also convince the government to begin regulating the digital currency. we are all waiting for the momentum, the momentum that can make digital currency has a bright future.The existing system in Bank crypto would have similarities with the conventional bank system, if this happens then there will be a revolution in the financial system in the world !!
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
I think there's no need for crypto bank in crypto world, since we have a lot of hardware wallets that we can use, and many users prefer to use it than to use crypto bank.
Cryptos and banks sound weird to go together. They do not fit each other.
Сonsidering that the crypt is still developing there is no need in banks. Maybe in the future such banks will appear. And now the closest thing to this is the exchangers.
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
I think this is a good solution for all crypto users, with a crypto bank, everyone can store their assets and without fear of losing, or add insurance as you say, so everyone will not be afraid of losing or worrying their assets will be hacked .
I dont think this is good opinion as there is a loss, the bank will be very difficult to control and trouble will happen.And it will be waste of money for such bank owners because people will never use them. Further this market requires decentralization, you can see how much hate all these centralized altcoins receive.
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
For me that would be a great idea. For safety and security purposes of our holdings, crypto bank will be the answer. But it must have a very tightened security system because it will be the apple of eye of hackers.
for me, i would love to have a crypto bank because it is very accesible and easy to those who have cryptocurrency. it is very useful in transacting with crypto curtrrncies. but since cryptocurrencies are notnyet legal nin most countries, so i think it is very hard to establish a cryptobank
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
I think there's no need for crypto bank in crypto world, since we have a lot of hardware wallets that we can use, and many users prefer to use it than to use crypto bank.
I think this is not feasible. If there is a loss, the bank will be very difficult to control and trouble will happen.
This contradicts the principles of the cryptocurrency. It was stated: no centralization, no intermediaries, long live freedom.
What fundamentally will crypto bank differ from classic banks in the financial system?
What fundamentally will crypto bank differ from classic banks in the financial system?
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
There are many projects who are working in something similar but it will take a long time before they're anywhere close to real banks. It requires huge investment and people who will put their crypto in there. I like the idea of giving insurance in your crypto assets but as someone has mentioned, whole point of crypto is peer to peer transactions which doesn't require any middle man but I suppose some people may find crypto bank useful.
there are advantages and disadvantages. the advantage we can get a crypto loan from a crypto bank. but the drawback is the price is changing. for example we borrow crypto 1 btc for $ 7000, then when we will return it, the price goes up to $ 9000 / btc, vice versa.
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