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Topic: What happen if bitcoin build a headquarter bank - page 2. (Read 1079 times)

sr. member
Activity: 462
Merit: 250
Bitcoins were developed to be decentralized and to have financial freedom. And if there is a bank for the Bitcoins of course they will know everything we do that we should only be aware of. So it has a big impact on the price of bitcoins that would not have happened
sr. member
Activity: 1045
Merit: 273
Regarding to the topic,
If bitcoin build a headquarter bank, then the identity of bitcoin will not be the same as it is right now.
It will surely be implemented of having tax of bitcoin into its respective place where the HQ is built.
We all know that nobody owns bitcoin, (correct me if I'm wrong).
Maybe it is possible that there will be a bank supported by bitcoin payments.
Well as for as my opinion is concern so I think if bitcoin make headquarter bank so I think bitcoin can be increase with high price investors, traders and other people can be very high as well and it will be more easy for all investors to keep their bitcoins with them which will be more secure and I think that bank can also provide them some extra services like credit or debit cards.
May be it increase, when the bank works for the benefits of people, when it provides facilities to people. If Bitcoin headquarter bank draws hard terms and conditions for people so then, what will be the difference between current banks and bitcoin headquarter bank. People like bitcoin because it totally free of hard type terms and conditions.

I think bitcoin should be improved and bitcoin headquarter bank should be established if policies are not against the bitcoin holders. 
full member
Activity: 1008
Merit: 101
Regarding to the topic,
If bitcoin build a headquarter bank, then the identity of bitcoin will not be the same as it is right now.
It will surely be implemented of having tax of bitcoin into its respective place where the HQ is built.
We all know that nobody owns bitcoin, (correct me if I'm wrong).
Maybe it is possible that there will be a bank supported by bitcoin payments.
Well as for as my opinion is concern so I think if bitcoin make headquarter bank so I think bitcoin can be increase with high price investors, traders and other people can be very high as well and it will be more easy for all investors to keep their bitcoins with them which will be more secure and I think that bank can also provide them some extra services like credit or debit cards.
hero member
Activity: 2184
Merit: 531
bitcoin should build a headquarther bank,because the significance of bitcoin should belong to everyone.
but not control by the Bankers

And what would be the role of that bank if every Bitcoin user can keep their coins safe without asking an institution to do it?
You have misunderstood the idea of a bank. It's not the central hub that spreads the knowledge about a currency. Banks are there to hold your money for you and Bitcoin doesn't need that. It was made so that there would be no more banks!
full member
Activity: 252
Merit: 100
what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

It seems like you're the kind of person that doesn't think first before they speak. You obviously do not understand how bitcoin works and why it works. Building what you've just mentioned is kinda of an insult you moron. Kindly ask more sensible question.
member
Activity: 91
Merit: 10
bitcoin should build a headquarther bank,because the significance of bitcoin should belong to everyone.
but not control by the Bankers
full member
Activity: 280
Merit: 102
Passive Coin - low supply coin with backing fund!
Bitcoin is decentralized and Banks are centralized. Bitcoin should never be centralized under one organization or a group of people that are governed by a central authority. Central authorities can be bribed, corrupted and influenced by governments or criminals. { A perfect example are most of the governments of this world }
Bitcoin is supposed to be the opposite of Banks.
We have to learn from the mistakes of the past and Banks/centralized financial organizations are one of our worst
mistakes.  Angry

Very true!
While any currency is in hands fo politicians and/or banksters, they start thinking how to cheat people and manipulating the value.
All this quantative easing, mean printing "empty" fiat is evidence of that.
Better no any central bank for Bitcoin. 21M supply and cannot print/manipulate. Great! Smiley
legendary
Activity: 3080
Merit: 1500
what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

Building a central bitcoin bank means bitcoin being centralized so it is against the basic goal of bitcoin. Bitcoin has received immense popularity around the world because it is decentralized and paved the way for cross-border transactions with a minimum fees and without the consent from the regulatory agencies. So if it happens and if a central bitcoin bank starts regulating the bitcoin, the value will start decreasing slowly. Instead of creating a bitcoin bank, it will be good for bitcoin if the governments around the world start taxing on it and legalize the businesses build on bitcoin platform. That will be a very good move towards the main stream inclusion of bitcoin which will push its price to another level.
legendary
Activity: 1904
Merit: 1074
Bitcoin is decentralized and Banks are centralized. Bitcoin should never be centralized under one organization or a group of

people that are governed by a central authority. Central authorities can be bribed, corrupted and influenced by governments

or criminals. { A perfect example are most of the governments of this world } Bitcoin is supposed to be the opposite of

Banks. We have to learn from the mistakes of the past and Banks/centralized financial organizations are one of our worst

mistakes.  Angry
full member
Activity: 420
Merit: 171
Regarding to the topic,
If bitcoin build a headquarter bank, then the identity of bitcoin will not be the same as it is right now.
It will surely be implemented of having tax of bitcoin into its respective place where the HQ is built.
We all know that nobody owns bitcoin, (correct me if I'm wrong).
Maybe it is possible that there will be a bank supported by bitcoin payments.
sr. member
Activity: 588
Merit: 251
it's 30% may happen because bitcoin users are very much and maybe they need some ease in handling some of the problems they experience like their account is banned etc .. but because bitcoin is famous as digital cryptocurency it's very difficult to build bitcoin head office
full member
Activity: 518
Merit: 106
what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??
currently I think bitcoin is very good in its development. but if there is a bitcoin center bank building development and we have a bitcoin account card, it can help us make it easier to use bitcoin.
full member
Activity: 448
Merit: 102
I think it will not happen, because if bitcoin builds a bank and is centered then bitcoin will lose its character as a decentralized cryptocurrency.
one of the things that interested me to join in bitcoin is bitcoin not the same as fiat.
hero member
Activity: 1834
Merit: 759
What exactly will this entity be capable of? We know for sure they won't be able to issue Bitcoins because of its decentralized nature, and we know there's really only a small fraction of people who actually needs help in keeping and regulating their Bitcoins. The vast majority of users who know how to protect themselves will completely ignore it and its services. Also, what does a Bitcoin account card mean? Is it basically a paper wallet? Lol.

The only thing I can think of that would keep them from being a paper tiger is if they had the power to reverse transactions in cases of fraud and theft. This would be counterproductive though, as that feature is also likely to drive away more than a few users.
full member
Activity: 278
Merit: 100
Do you think that if we have headquarters it can good? I think they should try some bitcoin sites like headquarters. If something happen that will happen i think it can cause by demand of bitcoin because innocent people think on how the headquarter do works so they curious and it can effect by too much demand of bitcoin that can cause too much high of the value of it.
hero member
Activity: 1008
Merit: 510
what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

Who would pay for a Bitcoin bank? There is no company that runs Bitcoin, just a Bitcoin foundation and development team. And no government would run that kind of bank. I think the only way this could happen is if a private company ran Bitcoin banks and charged customers fees for their services. In other words, it would be like the online exchanges except a physical building. It’s possible it could work but so much of cryptocurrency activity is done online it would only serve a small part of the population that was not computer literate. In some countries this might work better than in others.
full member
Activity: 501
Merit: 147
what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??


that's possible, but like what they are speculating to make a primary using to entire country I think this is impossible, because of so many different kind of people in the world the unity you look forward to achieve is not possible.  But that is only alternative option to make of savings. Any way many ATM machine would be available especially in american country and Europe to make in cash of money. so I think very soon they build their own bank but the owner is I'm sure the one who support of bitcoin Mr. Bill Gates.
legendary
Activity: 2576
Merit: 1655
If bitcoin build a headquarter bank , it should lose its popularity. It is not a good thinking by bitcoin. Normally bitcoin haven't huge members. It not so popular as much as but bitcoin can do this. Without built any headquarter bitcoin should get its popularity in future.

Having bitcoin is like having our own bank. So headquarters would be useless because bitcoin or bitcoin wallets don't have a name associated with it. So I doubt that members would like to registered to something like a headquarter. And having headquarters you have something to like to report to a higher authority. So it will all defeat the purpose and design of bitcoin. I guess most of us won't agree having headquarters.

member
Activity: 181
Merit: 10
Working as a Web Developer and Cyber specialist.
If bitcoin build a headquarter bank , it should lose its popularity. It is not a good thinking by bitcoin. Normally bitcoin haven't huge members. It not so popular as much as but bitcoin can do this. Without built any headquarter bitcoin should get its popularity in future.
hero member
Activity: 782
Merit: 500
what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??

All the features you speak of exist in the crypto currency industry, why would we limit the industry to just one provider? Doing so stifles competition, which hurts consumers.


agreed. having a physical bank eliminates one of it's most attractive assets. That is, being a flat currency that exists only in the digital world.

Not only that, but it would defeat the point of bitcoin's entire existence.
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