I think all that is impossible will happen when bitcoin will be stored in the bank, but it may also happen because in the future we all do not know with the development of the times ..
but I personally do not need bitcoin to be stored in the bank, better kept on the bitcoin wallet because the security level is good and maximal.
Topic: Will there ever be a Bitcoin Bank (Read 3777 times)
Cryptobank is good idea and right now many ICO have idea like that. Bank in real world facilitate creditor and debitor and bank have many branch in many place. I am imagine cryptobank like that but with internet connection to reach people not office in many place.
But as far I know, right now many token/coin have platform lending like LEND or others.
But as far I know, right now many token/coin have platform lending like LEND or others.
I think it is hardly to happen but it is not impossible. Bitcoin is itself decentralized, so i do not see any reason why would be needing a bank when we could safely secure it ourselves.
Does anyone on here think that there is ever going to be Bitcoin Bank, be it something which is centralized or something which isn't really doesn't matter. But I'd think of this as a company, or a union (like one of those credit union banks) where loans would be given out to people with trust, money is held, and so on and so forth.
I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.
I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.
Market is like a bank as well and you are going to earn profit depending on how good you are in trading , you can earn a huge amount here in this industry if you will just focus and obey the principles of marketing like buy when the price is low and sell when the price is high.
Does anyone on here think that there is ever going to be Bitcoin Bank, be it something which is centralized or something which isn't really doesn't matter. But I'd think of this as a company, or a union (like one of those credit union banks) where loans would be given out to people with trust, money is held, and so on and so forth.
I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.
I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.
Market is like a bank as well and you are going to earn profit depending on how good you are in trading , you can earn a huge amount here in this industry if you will just focus and obey the principles of marketing like buy when the price is low and sell when the price is high.
One of my greatest expectations is, Bitcoin bank will become real there.
it will be more interesting, and will further advance its development.
moreover, it will be more safe to use.
I am very sure and believe, Bitcoin Bank will be real there.
it will be more interesting, and will further advance its development.
moreover, it will be more safe to use.
I am very sure and believe, Bitcoin Bank will be real there.
Many ICO like Minex, European bank are claiming to be a crypto bank. They offer profits for buying and stacking their coins. I guess we do not need a bank anymore , any top coins from the coinmarketcap will surely give you a profit by just buying it or holding it from your trezor.
I think that banks will never agree to this, because for them it will be the end. The time has not yet come, but the current banking system is very outdated and requires fundamental changes.
What system do you think is outdated? and what kind of system is needed now? I think not all users want a bitcoin bank because we ourselves already have a better system than that, that is blockchain, without any third party and certainly safer, one of the reasons why some users want a bitcoin bank is due to loan and interest facility right ?
In my opinion, there will be no BTC because no one has the courage to open this bank, the risk is very high and the price fluctuates frequently, the interest paid to BTC is impossible. and BTC is anonymous so lending and borrowing will be more difficult.
I guess there will be a bitcoin bank in the near future if all the people are so desperate to legalize bitcoin it will happen but ofcourse they are not still able to manipulate the price of it and even the supply of bitcoin it can't be because in the internet it is still decentralized.
Does anyone on here think that there is ever going to be Bitcoin Bank, be it something which is centralized or something which isn't really doesn't matter. But I'd think of this as a company, or a union (like one of those credit union banks) where loans would be given out to people with trust, money is held, and so on and so forth.
I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.
I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.
Yes there is, minex coin is running their own bank and holding their coin will give you a huge amount of profit monthly so i suggest that investing in this coin will give you a huge amount of profit just the same as working in the corporate world.
Does anyone on here think that there is ever going to be Bitcoin Bank, be it something which is centralized or something which isn't really doesn't matter. But I'd think of this as a company, or a union (like one of those credit union banks) where loans would be given out to people with trust, money is held, and so on and so forth.
I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.
I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.
This is not going to happen anytime, because Bitcoin is decentralized and no one or group can control this crypto currency and its price, and in fact decentralization is one of the most attractive features of Bitcoin, without this feature BTC will be similar to fiat currencies in many ways and its voume of trading and value will go down as a result.
Bitcoin is high risk, big price fluctuation. I think no one would dare to open a bank for deposit and borrow BTC. And BTC borrowing will not be transparent when BTC users are anonymous. This can not be done in the present time.
I dont think bitcoin and other cryptocurrency need banks because it can be safely stored in digital wallets with no maintaining balance and activity needed in order not to be fined or pay penalty. However there are ICOs i paricipated in the past whose project was to build and develop a crypto bank and crypto lending also with crypto debit cards automatically converted to fiat when used.
Fractional reserve banking there is that, but who knows. I think banks will remain in some form. Governments will regulate this as always.
Crypto is a game changer because banks can't work with it in the classical way and for crypto adoption, they need to change their true nature which is hard to imagine now.
Crypto is a game changer because banks can't work with it in the classical way and for crypto adoption, they need to change their true nature which is hard to imagine now.
If for example there is a bitcoin bank then we will be easier when exchanging bitcoin and it will also be easier to withdraw the funds we get from bitcoin and again if there is a bitcoin bank then bitcoin price will be more stable again, not too fluctuating like now because there is already a bank which regulates the bitcoin price, I hope to soon be in this bitcoin bank
Banks operating completely with bitcoin will come into existence, but such banks will be surely under the control of governments. Thi won't provide users with the benefits, so it's better to use it same as now in its decentralized form.
This sounds actually logic, becouse some of the principles of banking works in realities of cryptocurrency world. Deposits for example
Why? Isn't it conflict with the main blockchain idea? To be transparent and decentralized. And these issues conflict with bank's idea 
To know that it takes a lot of conditions to become a bank, and bitcoin is now a virtual exchange of coins, and I don't think bitcoin banks will appear because the bitcoin and the silver industries are mutually exclusive. Maybe in the near future, we can see that the relationship between bitcoin and banks is coexistence.
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