Will there ever be a Bitcoin Bank - page 10.

dynospytan

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Quote from: squatz1 on November 13, 2017, 09:07:15 PM

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.

Its possible to have bitcoin bank but for me this will be happen if the government makes bitcoin as a real currency. But as of now its impossible because I think a lot of people will disagree about this if that bank is centralized. For me I don't want bitcoin to be centralized because the government will going to have power to control it. It is still okay to just have a online wallet or offline wallet.

namejiandan

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if we have the bitcoin bank that means we can despoit our coin to the bank and received the interest

in a specific time , it sounds not a bad thing.

AVAMONEY

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On Blockchain.info, they said Bitcoin as your own Bank. You can control your own wallet without intervention central bank.
However, in its development several companies have also published Bitcoin Debit Card products, such as Wirex, Spectrocoin. Which service as both wallet saving and can be using for online shopping. Of course, this wallet controlled by finance group, which function similar as Bank.

Andrej Peiboski

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Well, bitcoin is already a bank itself, so it doesn't make sense to create a bitcoin bank.
But, of course, there could be company who lend bitcoin, who make mortgages, leasing and so on.
But this is more about financial services than bank.

furry04

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If there would be a centralized bank of btc that it would be a contradictory to its whitepaper and its mission at the same time as it aims to make money a decentralized asset so it is better to not be

Suptiele

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Quote from: Shikaina on January 01, 2018, 06:16:37 PM

Quote from: petrov trevor on January 01, 2018, 04:59:33 PM

Why want a bank of a product completely decentralize? more secure wallets are there for that!

Exactly. But there are rising platforms right now promoting bitcoin banks and the like so i think it is not far to reach the idea.

it is first time i read about bitcoin bank, those rising platforms only safe your coin which is so risky.
wallets is very good option more than banks

Pab

legendary

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What you mean bitcoin bank,Bankera has his ico to develop blockchain bank,it will serve not only bitcoin but also other digital currencies and fiat money.His parent company Spectrocoin already has e-money capability license,you can get multi-blockchain debit cards,iban number,exchange crypto to fiat fiat to crypto and even buy gold.Bankera will have very innovative financial products but it will take time to develop that kind of product,anyway even in one year Bankera may obtain financial license

Ahiaba

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I don't think there is any need for Bitcoin bank what so ever because with blockchian technology all we need is embedded in the blockchian and there is no need for third party or middle men such as bank for any crypro currency transactions.

genset88

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Quote from: squatz1 on November 13, 2017, 09:07:15 PM

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.

The fact is that it is very difficult to have a Bitcoin bank. Now that the media is spreading bad rumors about Bitcoin as indonesian has banned the use of Bitcoin. Hackers have started attacking the Bitcoin market and more.

Majharul Saiif

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BountyMarketCap

I think about this matter that actually it is not impossible task.But I think it isn't very much needed. Because, Bitcoin has a good security system for transaction.

doomloop

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Quote from: TIDOVEE on December 28, 2017, 11:30:47 AM

I'm also thinking its possible, but still thinking it may not be really necessary because with the way we are using bitcoin presently I don't think bitcoin really need a bank i would have only suggested it have an ATM machine and card respectively since bitcoin wallets is safe enough.

I think it is an opportunity to have bitcoin as decentralized and bitcoin will never stop growing because price of bitcoin is increasing more and will not stop increasing ever. In this case we can say that it is not hard to have bitcoin bank trust of people I high on bitcoin than on bank and it is not bad at all, bitcoin is giving more profit than banks and bitcoin has wallets so I think it will not lose value if bitcoin banks will not be invented.

dx_twisted

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Banks here in the Philippines were already threaned by the ever growing adaptation of Bitcoin supporters. Now that most of the people being aware of its existence, they rule out BTC to be associated with any financial institutions. There is a possibility that a Bitcoin bank will be established, given that there is a business tycoon that willing to take the risk. After all, Bitcoin's volatility is the big issue here. There is a point in time where it gradually increases or decreases that makes it difficult to mesh up with one's country economic status. However, it will take time to do just that. Aside from what I have stated, there are too many things that need to be considered and you can add up that it is not yet being regularized / legalized in too many countries.

Mademoiselle

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Quote from: im posible on January 01, 2018, 11:26:15 PM

I think if for example there is a bitcoin bank it will be more virtual form that can be accessed via the internet, as well as transactions made through the internet. For its physical form I think it is not too influential. So that formed later may be some kind of virtual bank

If btc will have a bank i think it is better that all present banks in our country will open a btc account for btc users.

ipanks

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it could possible that there will be a bitcoin bank in the future but I guess that it is better that we still have control for our bitcoin and I don't want for other people to manage our bitcoin. but if the bank could give some benefits for us like a service for lending our bitcoin, then I think people will be interested too because, from this way, we can try to make our bitcoin grow in the future.

im posible

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I think if for example there is a bitcoin bank it will be more virtual form that can be accessed via the internet, as well as transactions made through the internet. For its physical form I think it is not too influential. So that formed later may be some kind of virtual bank

Flexystar

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There are possibilities that idea of a bitcoin will come in mind of bank but i think it will take more time to come true. Banks will try to cover up the business of bitcoin and they may start bitcoin ATM or other facilities like bitcoin deposits and alI. But we can't predict the lifeline for this huge project. I have feelings against banks, but i don't want it to happen because it may create some trouble for bitcoin users.

Polipog

newbie

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Base in my country philippines i don't seen any bank's of bitcoin being establish. But their's a bank accepting bitcoin transaction not totally all but their are some banks accepted it.

Rhaizan

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The most against i know in bitcoin are bank, so i don't think that its possible to have a bitcoin bank? Well if that happen then this is good news to us. I hope that soon bank will not against in bitcoin.

ohlawdy

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- "Bitcore (BTX) - The Future is Now"

For me it defeats the purpose of bitcoin , i like it because there are no banks and i have full control over it.
When you take the right precautions it is also very hard to lose it that way.

pandanaran

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Quote from: squatz1 on November 13, 2017, 09:07:15 PM

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 do not know this, maybe you can ask in a country that has legalized bitcoin like in japan and india, but many people also say wallet is our own bank, and in my opinion the profit obtained by banks mostly for lending customers money to other people.

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