Is there a true 'bank' for bitcoin? - page 3.

achimsmile

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Quote from: Amph on March 02, 2015, 05:35:20 AM

the only bitcoin bank is you wallet with your local client, but it would be cool if who has some btc could see it rising in the wallet, but not exactly like pos coin

those already rich should not be rewarded, but only who have small amount of btc

There is no difference between interest paid for your bank account and interest of a PoS coin.
Except your bank's interest is probably lower, and you give all your money out of your own hands Cheesy

Everyone gets the same % in PoS.

In my example:
My bank pays me 0.01% per year
My PoS coin pays me ~0.5% year

To make the poor earn more interest than the rich is very very hard to do in crypto, because of sybil attack.

achimsmile

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Quote from: ThEmporium on March 01, 2015, 08:20:21 PM

I would like to be able to trust enough to 'send' my bitcoins to them. In real life you give your money to banks as well. That is a good part of banks I can not deny. Except almost all other bad things about them.

Try a proof of stake coin, where you can earn interest and keep your coins safe at the same time.

Banks are evil. I would not trust them

Amph

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the only bitcoin bank is you wallet with your local client, but it would be cool if who has some btc could see it rising in the wallet, but not exactly like pos coin

those already rich should not be rewarded, but only who have small amount of btc

ABCbits

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Crypto Swap Exchange

Bank for bitcoin is stupid idea, it would destroy bitcoin goal as decentralize currency
Online wallet which not allow their user to have their private key can ba called bitcoin bank already

Be your own bank by have your own wallet

redsn0w

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#Free market

A bitcoin bank will "destroy" the concept of decentralization. Your bank is your personal wallet, not the exchange, not the scammy site (be your own bank). If all the people will start to deposit all the bitcoin in "one point" the bitcoin will lose its "effect".

medUSA

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Quote from: ThEmporium on March 01, 2015, 08:04:50 PM

A place where you can give your bitcoins and earn savings or take out loans or whatever the other banks do really , just simply a bitcoin bank?

I would like to see a trustworthy place where I can deposit bitcoin and earning interests too. Regret to say, there isn't one at the moment. The closest I have heard is an exchange which pays you interest for the funds you leave with them. I rather not say which one, cos I have not tried it and don't know how it works.

james1408

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That's defeating the purpose of Bitcoin.

alani123

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Leading Crypto Sports Betting & Casino Platform

p2p loans or services like bitjam... Don't trust any service claiming to be a bitcoin bank. You can do the same with a wallet stored in a secure environment.

picolo

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Quote from: paycum on March 01, 2015, 08:07:46 PM

Thats actually a prety good idea

I thought i have read about that on coindesk, but as far as i know there are no big companies who offer that kind of services yet, correct me if im wrong.

It was unsuccessully tried. Bitcoin banks will appear again but some businesses offer some of the functionality of banks, like bitfinex.

mrhelpful

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If you are talking about loans, there is a site called btcjame which hands out loads based on the reputation of prior stuff.

eg: ebay rep, actual stuff you have to send to them. It all gets verified, and also depends on the amount people will reach out depending what its for etc.

Bitshill

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Not a Doctor

try gambling board, there's lot of ponzi

grendel25

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Quote from: jambola2 on March 02, 2015, 12:35:30 AM

Well, most places offering "guaranteed" interest are just ponzis.
I think that Bitcoin's anonymity prevents as much security in lending to allow this.

Secondly, I don't think the loan volume would be enough for any major lenders to need to take deposits to lend out

They also self-admit that they have a loan payback rate... something like 87%. So it's really risky. Didn't really sound like there's any insurance for the lender. And it also sounds like the user/investor chooses the loans so it's just about as good as gambling lol

jambola2

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Well, most places offering "guaranteed" interest are just ponzis.
I think that Bitcoin's anonymity prevents as much security in lending to allow this.

Secondly, I don't think the loan volume would be enough for any major lenders to need to take deposits to lend out

grendel25

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Oddly enough when I google "bitcoin bank" it auto fills to "Bitcoin bank interest" and one of the first links is to https://www.bitbond.com/

I don't know if they can be trusted or not but there are sure are banks ready to take your money and supposedly even give you a return of interest for 'banking' with them.

Zorrocoin

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I saw before it is called/sound like Islamic Bitcoin Bank. You can send them your bitcoin and they will use it for their loan business and in return they will give you small Interest. I don't know what happen to them now.

Icardi09

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Bitcoin don't need bank. Actual purpose of bitcoin is decentralized system, and bank is centralized system.
And you want earn interest from your saving in bank? That would be the lowest potential interest, try to invest in another profitable one.

jeffhuys

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Quote from: ThEmporium on March 01, 2015, 08:20:21 PM

I would like to be able to trust enough to 'send' my bitcoins to them. In real life you give your money to banks as well. That is a good part of banks I can not deny. Except almost all other bad things about them.

True, but in the real world they are bound by contract, law, etc. On the internet, not so much. I've seen a LOT of scams on these forums, and they will likely be prevalent for times to come, although they will hopefully die out as soon as there are some big companies that are not scams.

ThEmporium

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I would like to be able to trust enough to 'send' my bitcoins to them. In real life you give your money to banks as well. That is a good part of banks I can not deny. Except almost all other bad things about them.

jeffhuys

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Quote from: ThEmporium on March 01, 2015, 08:18:28 PM

I don't want a middle man but it would be cool to have savings acount. I don't know with my bitcoin anyway.

You can't have a savings account without giving away your private key(s) (and thus allowing the bank to use your bitcoins). You do not want to do that, trust me. Or rather, trust no-one.

ThEmporium

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I don't want a middle man but it would be cool to have savings acount. I don't know with my bitcoin anyway.

Topic: Is there a true 'bank' for bitcoin? - page 3. (Read 2784 times)