The first bitcoin bank! - page 3. | Bitcointalksearch.org

Yuhee

sr. member

Activity: 546

Merit: 250

Quote from: Amph on May 28, 2017, 12:32:15 AM

Quote from: phunnykidd1 on May 28, 2017, 12:24:17 AM

a bitcoin bank seems like an oxymoron to me. those two dont belong together at all.

i can't see why not, if a bank can offer insurance and good interests on deposit like they do on fiat, it will be only good for the average joe that don't want to hold their bitcoin in their computer and risking a ransomware or other shit

i believe bitcoin are good to increase adoption in the future, or accelerate the already one that is established

I think its ok as long they really can make any insightful interests or put any tax in it. With my current income in btc i can be satisfied with just e cash but maybe in the near future if i want to incash higher amounts then i bank can be really useful. But i think in my locality, people really are not interested in btc that even if there are proposal in banks to adapt btc, they wont entertain it because of the lacking in btc users.

Gleb Gamow

vip

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http://theheureka.com/wb21-founder-has-history-of-fraud

I lost count. How many to-date posters on this thread, along with the OP and the media source, didn't do ONE GODDAMN BIT OF INVESTIGATION related to this story?

I'll wait, you fuckin morons! Tongue

muraqaba

member

Activity: 128

Merit: 10

coinbase/gdx is basically a bitcoin bank

Amph

legendary

Activity: 3248

Merit: 1072

Quote from: phunnykidd1 on May 28, 2017, 12:24:17 AM

a bitcoin bank seems like an oxymoron to me. those two dont belong together at all.

i can't see why not, if a bank can offer insurance and good interests on deposit like they do on fiat, it will be only good for the average joe that don't want to hold their bitcoin in their computer and risking a ransomware or other shit

i believe bitcoin are good to increase adoption in the future, or accelerate the already one that is established

Juggy777

hero member

Activity: 2646

Merit: 686

Quote from: Xester on May 27, 2017, 11:07:43 PM

https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/

According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.

This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.

Is this a good news or bad news, whats your say?

I think some other bank also started something like this, read it here now done remember what thread it was. Pros of this we have a more secure authority dealing with Bitcoins. It's easily accessible in different areas. And we are safe to transact. Cons of it you will have to give up your identity, how do we know bank details can't be hacked, or they won't give it to authorities who will come down on your for not declaring your income. Plus what if some bad organisation hacks your account makes some transactions boom you are as good as dead. So no for me I won't ever link it with my bank account and would advise people not to.

phunnykidd1

newbie

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Merit: 0

a bitcoin bank seems like an oxymoron to me. those two dont belong together at all.

coolsai

newbie

Activity: 55

Merit: 0

I've never heard of this bank before and I don't know if its real or serious but either way I'm not surprised. Its only a matter of time before banks take bitcoin seriously and start offering better and better terms to deposit btc with them, they may even start offering interest rates on bitcoin deposits but for now I think it will just be a matter of allowing u to withdraw to fiat effectively letting them act as an exchange.

UCHCHILD

sr. member

Activity: 490

Merit: 250

Is this real?

I am not an active trader but for.sure this will affect those who really trades bitcoin to dollar to local money, they have now big competetor.
For sure those who buy coins will try their services and those traders will lose their “job” and lessen their income because of this.

And for sure the feature of bitcoin will be broken for this, like the anonymity of each user of bitcoin bank because you have to sign message, put your name every transaction done or made, put sender's name and also signature, which totally broke the big asset and uniqueness of bitcoin. That is the sad part of having bank for bitcoin.

iqlimasyadiqa

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Quote from: smartbitcoininvestor on May 27, 2017, 11:36:50 PM

The fundamentals of what a bank means will be different because they won't be able to create credit in the traditional sense.

The Bitcoin bank will truly have to back all of their assets with other cryptos or Fiat in order for savings account holders to make a return, and there will not be a government to bail out anyone. If they go out of business, good let getting your BTC back.

It's hard to imagine right now. But when we get started then it will feel more. BANK bitcoin could have a different way of working and systems with conventional BANK today. Now it must have started to emerge an institution that dared to take on this role, they should start implementing BANK bitcoin design in real life.

smartbitcoininvestor

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Activity: 652

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The fundamentals of what a bank means will be different because they won't be able to create credit in the traditional sense.

The Bitcoin bank will truly have to back all of their assets with other cryptos or Fiat in order for savings account holders to make a return, and there will not be a government to bail out anyone. If they go out of business, good let getting your BTC back.

timerland

hero member

Activity: 1526

Merit: 596

Quote from: Xester on May 27, 2017, 11:07:43 PM

https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/

According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.

This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.

Is this a good news or bad news, whats your say?

It's partly good news for me because it's about time someone in the banking industry actually realises that bitcoin is going to be the future and start to capitalise the idea of bitcoin. We're getting very positive media coverage here, essentially free as always.

But still, bitcoin does not need a bitcoin bank to survive the same way fiats need a central bank and commercial banks that branches under the central bank to survive. It's not all good news when people start depositing their bitcoins into a central entity, when they can store their bitcoins in their own private keys more securely and efficiently. Think about all the hacks involving btc, and all the scams.

noictib

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One of the world's leading Bitcoin-powered casinos

Quote from: Xester on May 27, 2017, 11:07:43 PM

https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/

According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.

This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.

Is this a good news or bad news, whats your say?

In my opinion this is totally bad news for me , because I am also a Bitcoin trader and making deals in the Bitcoin to buy and sell daily for the fiat ( USD and local money ) .
But if the Bitcoin bank will start then surely most of the persons will use Bitcoin bank and that will be results into the lake of the customers for me and finally this will steal my job of Bitcoin trading . So I don't like it , but idea of Bitcoin bank is good Sad

.
Here also another traders in the Bitcoin field , will also leave Thier job of trading .

Xester

hero member

Activity: 994

Merit: 544

https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/

According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.

This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.

Is this a good news or bad news, whats your say?

Topic: The first bitcoin bank! - page 3. (Read 2977 times)