Is there an actual Bitcoin bank yet? - page 7.

Alley

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Quote from: funtotry on May 18, 2015, 06:58:22 PM

The point of bitcoin is to be "against the banks", look at some of the core principles and its opposite of bank. Transparency, you actually OWN the money, you manage it. Operating a bank that pays interest would part users from their btc, and the bank would likely run away with the money, because who has the time and money to pay interest for free.

That's your view. Not everybodys.

thebenjamincode

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37iGtdUJc2xXTDkw5TQZJQX1Wb98gSLYVP

wow! that would be great if there will be a bitcoin bank.
i think there has been a bitcoin bank but its just an online bank

funtotry

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Ever wanted to run your own casino? PM me for info

The point of bitcoin is to be "against the banks", look at some of the core principles and its opposite of bank. Transparency, you actually OWN the money, you manage it. Operating a bank that pays interest would part users from their btc, and the bank would likely run away with the money, because who has the time and money to pay interest for free.

RussianRaibow

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I AM A SCAMMER

AFAIK, a few wallet services in China offers this, e.g. https://haobtc.com.

But, I think, they are fundamentally Ponzi Scheme (i.e. deceiving)... NOT Ponzi Game as in my Sig Wink

Mikestang

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Are you kidding? A central bank goes against everything Bitcoin is about. We don't need a bitcoin bank.

pitham1

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Quote from: 1Referee on May 18, 2015, 06:16:53 PM

Quote from: Tomatocage on May 18, 2015, 06:11:14 PM

I haven't really kept up with what's going on in the banking side of the Bitcoin ecosystem, but I was talking with an acquaintance about Bitcoin and he mentioned something about an actual Bitcoin bank. A quick search yields results that are all over the place, so I'm turning to the members of this forum to see if anybody has any info. Does anybody offer an insured solution for storing coins that pays interest? The closest thing I can think of is Circle, but I don't think they pay interest. Any insight would be much appreciated.

Why would you want to let your coins get stored by a third party to get a lame interest rate? Bitcoin is great because WE ourself are a bank without using a third party.

For long term holders, it makes sense to get a small interest rate on their holdings by depositing their coins in a bank. If the bank is regulated and deposits are insured, I definitely will make a bee-line towards the nearest bank branch.

achow101_alt

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It kind of depends on your definition of a bank. If you want a place to store BTC in a third party, then a web wallet could be a bank. On the other hand, if you think of a bank in the traditional sense, then I don't think there are any. There is no way for the bank to make money for interest. These things could also be scams.

Alley

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Some of you guys are just going to accept that some people are going to want to use a third party bank just like cash. Rather then just tell him he shouldn't use a third party maybe help him instead. The future of bitcoin is not everybody holding their private keys. Some people don't feel secure and are afraid of hackers, lost keys, house burning down, whatever. It can be a hassle to keep backups for the non tech savvy.

RitzBitzz

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No a actual bank has not been formed using bitcoin although even if there was bank they probably wouldn't give you interest.

bitllionaire

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no,there are some bitcoin vaults, but as you,nobody will care your bitcoins

1Referee

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Quote from: Tomatocage on May 18, 2015, 06:11:14 PM

I haven't really kept up with what's going on in the banking side of the Bitcoin ecosystem, but I was talking with an acquaintance about Bitcoin and he mentioned something about an actual Bitcoin bank. A quick search yields results that are all over the place, so I'm turning to the members of this forum to see if anybody has any info. Does anybody offer an insured solution for storing coins that pays interest? The closest thing I can think of is Circle, but I don't think they pay interest. Any insight would be much appreciated.

Why would you want to let your coins get stored by a third party to get a lame interest rate? Bitcoin is great because WE ourself are a bank without using a third party.

Alley

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I believe itbit has a new York banking license. But a bitcoin bank isn't required to pay you interest.

Tomatocage

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brb keeping up with the Kardashians

I haven't really kept up with what's going on in the banking side of the Bitcoin ecosystem, but I was talking with an acquaintance about Bitcoin and he mentioned something about an actual Bitcoin bank. A quick search yields results that are all over the place, so I'm turning to the members of this forum to see if anybody has any info. Does anybody offer an insured solution for storing coins that pays interest? The closest thing I can think of is Circle, but I don't think they pay interest. Any insight would be much appreciated.

Topic: Is there an actual Bitcoin bank yet? - page 7. (Read 6193 times)