Topic: First Ever Bitcoin Bank to be Opened in Switzerland? - page 4. (Read 6990 times)
Sounds interesting, original idea
IMO for most bitcoin adopters, they need such kind of service, a trusted third party holding their funds and earning interests at the same time. Switzerland is the best place to open such a bank, due to its regulatory stability, international neutrality and its deep-seated tradition in global finance.
What would really be wonderful is if the Swiss government embraced bitcoin as a completely protected currency without any government interference. With Switzerland's financial reputation, it would send a huge message to the rest of the world that bitcoin is a valid currency.
having a bitcoin bank defeats the whole purpose of bitcoin .. ugh!
If you can borrow and save money without a bank, then you do not need a bank.
having a bitcoin bank defeats the whole purpose of bitcoin .. ugh!
Yeah Scamlert, you're absolutely right , overwise, have you read this ?
http://www.coindesk.com/swiss-bank-ubs-banks-absorb-benefits-bitcoin/
and this:
http://www.zerohedge.com/news/2015-05-27/switzerland-open-bitcoin-bank-crypto-fort-knox-relocates-zurich
and finaly this ...: http://sbex.ch/
?
http://www.coindesk.com/swiss-bank-ubs-banks-absorb-benefits-bitcoin/
and this:
http://www.zerohedge.com/news/2015-05-27/switzerland-open-bitcoin-bank-crypto-fort-knox-relocates-zurich
and finaly this ...: http://sbex.ch/
?
3 very interesting articles, thanks for sharing.
I think that most bank are terrified about bitcoin, because they can't control it and the bad rep also play a role (Mainly silkroad).
But I have little doubt that banks eventually will have to switch to crypto. Like mentioned in the article, each time money is being printed, the fiat value just gets more and more deluted. I would not be suprised if a number of big banks will together and create an new "altcoin" (to be used for interbank transfer) based on blockchain technoligy and get all the ISO and FED approvals to have it reconized as a currency, all other banks would quickly after make their own altcoin or join. If that happens then is bitcoins mission completed = Eliminate the nasty fiat.
That is not good. The whole point with bitcoin is that people should learn to take responsibility for their own money.
Banks will just make another weak point of centralization where speculation can happen.
The problem is that when a lot of people deposite money in the same place then can the bank "invest" these fundshttp://sbex.ch/ to all kinda stuff, risking the peoples money with only vauge concensus. Bitcoin gives people an unique oppotunity for being independend of banks.
Yeah Scamlert, you're absolutely right , overwise, have you read this ?Banks will just make another weak point of centralization where speculation can happen.
The problem is that when a lot of people deposite money in the same place then can the bank "invest" these fundshttp://sbex.ch/ to all kinda stuff, risking the peoples money with only vauge concensus. Bitcoin gives people an unique oppotunity for being independend of banks.
http://www.coindesk.com/swiss-bank-ubs-banks-absorb-benefits-bitcoin/
and this:
http://www.zerohedge.com/news/2015-05-27/switzerland-open-bitcoin-bank-crypto-fort-knox-relocates-zurich
and finaly this ...: http://sbex.ch/
?
That is not good. The whole point with bitcoin is that people should learn to take responsibility for their own money.
Banks will just make another weak point of centralization where speculation can happen.
The problem is that when a lot of people deposite money in the same place then can the bank "invest" these funds to all kinda stuff, risking the peoples money with only vauge concensus. Bitcoin gives people an unique oppotunity for being independend of banks.
Banks will just make another weak point of centralization where speculation can happen.
The problem is that when a lot of people deposite money in the same place then can the bank "invest" these funds to all kinda stuff, risking the peoples money with only vauge concensus. Bitcoin gives people an unique oppotunity for being independend of banks.
Is there really a need for a Bitcoin bank?
I thought the whole purpose of Bitcoin is to avoid banks.
To be your own bank.
I thought the whole purpose of Bitcoin is to avoid banks.
To be your own bank.
Sure, anybody could be a bank, but nobody could be a mountain.
"And that's where Guido stores our bitcoins."
Your picture is fake - just went up there to search for the promised Bitcoins, but everything was covered in snow:
So you are saying this Swiss guys are storing Bitcoins people deposit there inside fake Mountain?
Can that be true? You have any other picture or other evidence to confirm your claim?
No. We Swiss use mountain goats to stomp QR_codes into the snow. Then we turn it with a little help of water into ice. So the only way to read the code is to fly high or to use a QR-sniffing-dog.
Is there really a need for a Bitcoin bank?
I thought the whole purpose of Bitcoin is to avoid banks.
To be your own bank.
I thought the whole purpose of Bitcoin is to avoid banks.
To be your own bank.
Sure, anybody could be a bank, but nobody could be a mountain.
"And that's where Guido stores our bitcoins."
Your picture is fake - just went up there to search for the promised Bitcoins, but everything was covered in snow:
So you are saying this Swiss guys are storing Bitcoins people deposit there inside fake Mountain?
Can that be true? You have any other picture or other evidence to confirm your claim?
Fuck man, this is a bad news...bank for bitcoins, then it is a normal currency now.
just don't use like you do with fiat, and nothing will change, those bank for bitcoin are born because many can't have full control over their bitcoin, and aren't good enough at security
if this will help adoption, then it's welcome
This is also the first ever post to bitcointalk.org.
Pretty cool eh?
Pretty cool eh?
I don't get it. 
First we invent BTC to sac the bankers.
Then we establish Bitcoin bank to give birth to new breeds of bankers.
Confused...
First we invent BTC to sac the bankers.
Then we establish Bitcoin bank to give birth to new breeds of bankers.
Confused...
The problem here is if Bitcoin fall into conventional banking, there is a big chance that it's coin value pegged down deep. I do not trust any more these conventional banking, I would like to see the Bitcoin in its own trading stand apart from other banking methods. Bitcoins stands first for security and transparency, I am afraid that will it keep that trust for long time.
Fuck man, this is a bad news...bank for bitcoins, then it is a normal currency now.
ECUREX Becomes First Digital Currency Exchange Platform To Comply With Swiss Banking Act
https://www.cryptocoinsnews.com/ecurex-becomes-first-digital-currency-exchange-platform-comply-swiss-banking-act/
https://www.cryptocoinsnews.com/ecurex-becomes-first-digital-currency-exchange-platform-comply-swiss-banking-act/
That's only the beginning. Now, we have to find out what this bank will actually propose to its customers. Will it give interests on BTC deposits as regular banks do with cash? Will you be able to get a loan to buy a house?
ECUREX Becomes First Digital Currency Exchange Platform To Comply With Swiss Banking Act
https://www.cryptocoinsnews.com/ecurex-becomes-first-digital-currency-exchange-platform-comply-swiss-banking-act/
https://www.cryptocoinsnews.com/ecurex-becomes-first-digital-currency-exchange-platform-comply-swiss-banking-act/
I do not think it could be BTC bank in Switzerland - to open bank in Switzerland you need a lot of own capital, and there are other rules too. It is not so easy and fast. Switzerland have own bank laws, in fact it is real bank country 
indeed... 
I do not think it could be BTC bank in Switzerland - to open bank in Switzerland you need a lot of own capital, and there are other rules too. It is not so easy and fast. Switzerland have own bank laws, in fact it is real bank country
I don't understand why we need banks in the first place. Managing your own wallet doesn't get harder than that and obviously I don't need a service of a third party and especially I'm not going to entrust anyone to manage private key in my behalf. Also it might confuse people to think that bitcoin functions the same way as fiat which it doesn't in the first place.
Is there really a need for a Bitcoin bank?
I thought the whole purpose of Bitcoin is to avoid banks.
To be your own bank.
I thought the whole purpose of Bitcoin is to avoid banks.
To be your own bank.
Sure, anybody could be a bank, but nobody could be a mountain.
"And that's where Guido stores our bitcoins."
Your picture is fake - just went up there to search for the promised Bitcoins, but everything was covered in snow:
A trusted bank could boost bitcoin adoption for those users who cannot download a bitcoin client and use it. There are a lot of them. Of course, if you are registered here and reading this then you are most likely capable of dealing with bitcoins to a certain extent, but that cannot be told of the general public. Sometimes I don't see why the average user would use bitcoin if they can use (and are used to) banks/cash etc. For some it is just too complicated. An easy application like this may be the solution, maybe not.
A bank is useful for saving/loan of the BTC. It could also be useful for the instant transaction of BTC (same as buying stuff in supermarket with a credit card) which cannot be realized with 10 mins or even shorter block time. As we save the BTC in the bank, the transaction will also not seen on the block chain, thus the bloating of block chain is less a problem.
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