Topic: What happen if bitcoin build a headquarter bank - page 4. (Read 1079 times)
This will never happen. It is against the bitcoin philosophy.
The OP and the replies after it visibly do not know what Bitcoin actually is.
Bitcoin does NOT need a headquarters. Core does not need one and even the defunct Bitcoin Foundation does not need one. Bitcoin is not like any other fiat currency you hold in your bank. It is data proven to have existed and immutable.
OP, go back to the basics and read this, https://bitcoin.org/en/developer-documentation.
Bitcoin does NOT need a headquarters. Core does not need one and even the defunct Bitcoin Foundation does not need one. Bitcoin is not like any other fiat currency you hold in your bank. It is data proven to have existed and immutable.
OP, go back to the basics and read this, https://bitcoin.org/en/developer-documentation.
in my opinion it does not need to be done ,, it would be better bitcoin like this. forever bitcoin is the digital currency and just being in the online world. it will make the bitcoin price expensive ,, if there is such a rule I am sure bitcoin prices will not rise again.
The bitcoin's goal will be futile if they will come to an agreement to held a central bank for the bitcoin as some people will try to manipulate and manage it losing the interest and investment of the people who love its potential and good traits. bitcoin will just become like a fiat money controlled by a single or a group of entity, losing and decreasing it's price over the market and there will be a new crypto market leader of digital coin because it is decentralized.
what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??
Bitcoin would become centralized, fiat currency. We could call it the Dollar?
Why would a single bitcoin bank, a centralized bank, be a good idea? Honest question. 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.
Some people aren't cut out for Bitcoin, maybe you're one of those people.
In my opinion, Bitcoin does not need to build a bank like any other bank, Bitcoin only needs a small ATM machine like a bank ATM out there, so it's easier for beginners who want to trade their Bitcoin, so they are not confused to exchange their Bitcoin, if Bicoin ATM machine made anywhere.
Surely there will be regulations that suppress the existence of this bitcoin. Many other dal taxes. but this will be impossible to be held by a government bank because bitcoin is digital money.
It completely depends if someone can execute a project like that while it being decentralized. If it ended up being centralized then it is a complete waste of time and is the opposite of one of the main factors that bitcoin is trying to achieve.
I have completely no idea if this is possible though. If you're talking about a physical bank, then no it's not a good idea.
I have completely no idea if this is possible though. If you're talking about a physical bank, then no it's not a good idea.
if Bitcoin do that i believe it will lose its value slowly,
many people used it due to 'freedom in their financial' and something like that.
what will happen if they do that ? of course it will lose its charateristic and absolutely sure its demand will be decreased a lot.
but it will not happen,at least right now i never hear about something like that.
and i hope they will not doing something like that,because it'll ruin our cryptoland.
why would they choose Bitcoin if they can use their own Fiat to do that ? it's not a new thing.
many people used it due to 'freedom in their financial' and something like that.
what will happen if they do that ? of course it will lose its charateristic and absolutely sure its demand will be decreased a lot.
but it will not happen,at least right now i never hear about something like that.
and i hope they will not doing something like that,because it'll ruin our cryptoland.
why would they choose Bitcoin if they can use their own Fiat to do that ? it's not a new thing.
what happens if bitcoin builds a bank just like a bank with a headquarters, savings account management and also makes a bitcoin account card ??
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