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Topic: Do you think there should be a Crypto Bank? - page 6. (Read 809 times)

full member
Activity: 487
Merit: 115
Well, everyone is entitled to his opinion. My view about this is that we are the bankers of our banks and for this reason we do not need a general crypto bank. I prefer individuals controlling their assets by themselves. This is a decetralized system.
Right.There's no use to put up a crypto bank since we have already our own individual's bank.It is more safer i think than trusting our assets to a crypto bank and leave us with less control of our assets and bankers have the full control on it.It is like a centralized one already like fiat currency deposited in banks.

Yes, That's really good to keep my money in my own hardware, this event gives confidence to the user. Everyone keeps their money in own hands and this can be called the real anonymity. This private anonymity feature makes cryptocurrencies very special, that's the whole point of the crypto coins.


hero member
Activity: 3010
Merit: 666
Well, everyone is entitled to his opinion. My view about this is that we are the bankers of our banks and for this reason we do not need a general crypto bank. I prefer individuals controlling their assets by themselves. This is a decetralized system.
Right.There's no use to put up a crypto bank since we have already our own individual's bank.It is more safer i think than trusting our assets to a crypto bank and leave us with less control of our assets and bankers have the full control on it.It is like a centralized one already like fiat currency deposited in banks.
member
Activity: 238
Merit: 37
Well, everyone is entitled to his opinion. My view about this is that we are the bankers of our banks and for this reason we do not need a general crypto bank. I prefer individuals controlling their assets by themselves. This is a decetralized system.
member
Activity: 700
Merit: 12
I think it is wrong, because crypto currency it is decentralization - no one control, but if will be one crypto bank, it will not be decentralization
member
Activity: 200
Merit: 10
I say let the free market decide.  I for one would not let my assets in some "crypto bank".  It would be a hackers dream to hack that and grab all the digital assets.  I think we are far safer keeping the assets decentralized and spread all over the place in small amounts while being informed of the security situations we need to be aware of. 
newbie
Activity: 55
Merit: 0
I see news everyday of projects like that coming out on the spotlight in a near future, I think it could be a good idea, but their creation would mean that the whole cryptocurrencies could get into hands that control them and I think that it misses the whole point of the cryptocurrencies.
member
Activity: 854
Merit: 10
I do not think we need that, because it is tending towards centralization. Cryptocurrency is about decentralization and anonymity. By the time crypto bank comes into place, i think anonymity will be removed. We are already in control of our own bank as individuals and as a crypto enthusiast, you are in control of your bank.
jr. member
Activity: 45
Merit: 1
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
I dont think that many people will agree to crypto bank, there is a hardware wallet that I prefer to use than putting it on crypto bank. I feel safe with that.

A beauty would be trading directly from the hardware wallet due to a dex run entirey on masternodes. Stakenet is developing this. Maybe this is that kind of "bank" we need. I dont like all these erc20 tokens which claim to be a crypto bank... they are just centralized companys abusing a decentralized infrastruktur for their utility/ security token Cheesy.
sr. member
Activity: 1022
Merit: 257
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?
I dont think that many people will agree to crypto bank, there is a hardware wallet that I prefer to use than putting it on crypto bank. I feel safe with that.
newbie
Activity: 21
Merit: 0
I disagree with the idea because of the nature of banking that always complicates its customers and also robs its customers
I think let crypto run freely
newbie
Activity: 140
Merit: 0

In fact, this contradicts the very concept of the crypto currency, because the blockade is, first of all, decentralization. Therefore it seems to me illogical to attempt to create a bank in such a system)  Roll Eyes
full member
Activity: 487
Merit: 115
Exchange sites are already working as like a crypto bank. You're trusting these exchange sites and people's doing a lot of trades on these sites. if you want to keep your money on exchange site wallets, you can. The sites I mentioned already have the same service. In brief, there is no need to be a crypto bank as you suggest.


hero member
Activity: 1148
Merit: 523
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I think the idea of a crypto bank is good but it has to be better than the traditional banks. Cheaper banking fees, transparent in transactions and etc are some important features I would like to see.

When the time wallets are introduced that time itself you should confirm your fund is really safe and it is the crypto bank. Actually we do not need to have the third party to make the transaction. Please do not go with the project with handling the payment as a intermediator.
If you show belief to one wallet provider also it may finally lead to scam or looting your fund by the site owner itself mate. I do not think the other people to take over the other wallet suddendly when the value down. So it should be stable no need to go with any crypto integration.
full member
Activity: 308
Merit: 100
yes, this concept of the future, if there is a Crypto bank that offers insurance for ownership of crypto assets, I think if the concept is good then we deserve to follow it.
full member
Activity: 490
Merit: 102
World Bit Bank The world’s first legal cryptocurrency bank https://wbb.io/.  I really like their idea. Let's see when and how they implement it.
After all, there must be a connection between decentralized crypto-currencies and a centralized financial system.
newbie
Activity: 154
Merit: 0
What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?

We have many centralized and decentralized exchanges, that's enough. Ripple seems to be in the process of implementing this idea. I'm still expecting good news from them.
copper member
Activity: 85
Merit: 122
I think the idea of a crypto bank is good but it has to be better than the traditional banks. Cheaper banking fees, transparent in transactions and etc are some important features I would like to see.
In cryptocurrency world, you are the bank. You can do the same things a bank would do for you, and do it better, 24/7 vs. only on banking days from 3pm to 5pm, within 10 minutes of a block confirmation vs. 5 working days, to towns and villages where there are no banks, without long queues, without atrocious fees for international payments, without censorship. You don't need the middleman, you are the bank.
member
Activity: 280
Merit: 15
the crypto bank is the future of bitcoin and cryptocurrencies the next phase of cryptocurrencies we will see cryptocurrencies enabled banks
member
Activity: 462
Merit: 11
A bank is a centralized system. Crypto currency is a decentralized and independent system. I really do not know how it can be combined, but one thing I know for sure. The banking system hinders the development of the crypto currency. These two concepts can not be related.
jr. member
Activity: 266
Merit: 1
hello I think that crypto bank is not a bad idea but who will trust him and who will want to give his crypto currency to him.
I think that the bank should belong to Ilon Mask so that investors begin to trust the crypto bank.
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