Will there ever be a Bitcoin Bank - page 18.

OuterTech

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I think we need a bank for Bitcoin

) We can keep it safe and get more profit everyday by ourselves. We often send money to bank just because we want to be received the monthly or yearly interest but with Bitcoin we no need to do that. We can keep our Bitcoin in our own wallet and still can get more profit when Bitcoin price increase. If someone think that keep Bitcoin in our own wallet is not safe as keep it in bank maybe they don't know about coldstorage wallet like Trezor or Ledger nano s

)

Scor1937

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Quote from: Gayas on November 30, 2017, 04:28:38 PM

Of course, will be such a Bank. The task of the banks to make a profit! And bitcoin gives them that opportunity.. loans in bitcoins.. contribution in bitcoins..

Actually not much truely. There can be decentrakised banks accepting bitcoins as payment method but i dont think they can even be centralised. Even now, we can find much websites which runs on the similar function of a bank like various investment websites, etc.

Gayas

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Of course, will be such a Bank. The task of the banks to make a profit! And bitcoin gives them that opportunity.. loans in bitcoins.. contribution in bitcoins..

Erkallys

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There is in fact no reason for this to ever happen. Bitcoin is by definition a saving tool, so banks are not needed. For loans, banks, being fiat money printers, will only loan you their currency, not the neighbour's one. Did any European bank lent in dollars ? No, for an obvious reason.
For these reasons, there will be no Bitcoin Bank.

llyfee4u

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A bitcoin bank? Isn't that the whole point though? Bitcoin is decentralized and i think this is one of the major reasons why states, banks and corporations are yet to jump on it an fighting the adoption of Bitcoin in all kinds of ways. They portray Bitcoin/crypto's in such a bad light because it is perhaps too transparent for the, they won't be able to rob people and make massive profits to fill their pockets.

Moreso, i don't see what purpose a bank would play in crypto. The way it is, its as though each person in crypto has and his/her own personal bank and can do as they wish with it. I'd much rather this system than the conventional banking system.

Kronos21

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Quote from: bitcad4u on November 30, 2017, 02:06:54 PM

Quote from: superjeyy on November 30, 2017, 01:56:53 PM

Having a Bitcoin bank may be a good idea since we always have this constant fear that our wallets can be hacked anytime due to the the development of programming and how smart people can get, but having a bank for Bitcoin will defeat its purpose of financial freedom. Bitcoin allows us to be in control and not have any parties involve with our cryptocurrency. With banks keeping it safe for us, they would for sure make something out of it and we will end up not enjoying the benefits of Bitcoin like we do now. Maybe a bank can be established for Bitcoin if they changed their rules about it. Hopefully it doesn't cover the set of rules established for fiat as it will burden us.

Bitcoin bank is a good idea only because we don't have fear in hacking wallet and etc , bitcoin allows us to be in control and not have any parties involve with our crypto currency and with banks keep it safe for us ,may be bank can be established bitcoin it can changed the rules of it and if there is bank for bitcoin means it will be a restricted crypto currency.

It seems to me that you do not understand why there are banks. Bitcoin can not be used by banks. Moreover, banks are ardent opponents of bitcoin. They not only will never use bitcoin but will fight it in all possible and impossible methods. The massive use of bitcoin will destroy the existing banking system.

bitcad4u

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Quote from: superjeyy on November 30, 2017, 01:56:53 PM

Having a Bitcoin bank may be a good idea since we always have this constant fear that our wallets can be hacked anytime due to the the development of programming and how smart people can get, but having a bank for Bitcoin will defeat its purpose of financial freedom. Bitcoin allows us to be in control and not have any parties involve with our cryptocurrency. With banks keeping it safe for us, they would for sure make something out of it and we will end up not enjoying the benefits of Bitcoin like we do now. Maybe a bank can be established for Bitcoin if they changed their rules about it. Hopefully it doesn't cover the set of rules established for fiat as it will burden us.

Bitcoin bank is a good idea only because we don't have fear in hacking wallet and etc , bitcoin allows us to be in control and not have any parties involve with our crypto currency and with banks keep it safe for us ,may be bank can be established bitcoin it can changed the rules of it and if there is bank for bitcoin means it will be a restricted crypto currency.

superjeyy

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Having a Bitcoin bank may be a good idea since we always have this constant fear that our wallets can be hacked anytime due to the the development of programming and how smart people can get, but having a bank for Bitcoin will defeat its purpose of financial freedom. Bitcoin allows us to be in control and not have any parties involve with our cryptocurrency. With banks keeping it safe for us, they would for sure make something out of it and we will end up not enjoying the benefits of Bitcoin like we do now. Maybe a bank can be established for Bitcoin if they changed their rules about it. Hopefully it doesn't cover the set of rules established for fiat as it will burden us.

reamlady

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I have been considering this idea too, but in my own opinion, if this does happen bitcoin will become a restricted cryptocurrency and could lose its essense as an unmanipulated cryptocurrency.

naidray

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Quote from: Sled on November 24, 2017, 04:13:06 AM

Quote from: sumanto on November 24, 2017, 04:05:11 AM

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.

bitcoin banks may not exist because they are integrated directly with the blockcahin system, if a bitcoin ATM machine may exist in every country. but if the bitcoin bank does not seem to be too in need.

I agree to that. The bank for bitcoin is not that necessary because we already have the banks and those are the wallets that we can choose and use from different companies and site and they have enough security measures to make sure that we have that security that we are looking for keeping our bitcoin safe for whether short term or even long term.

Right. Everyone is free to keep their funds in their wallet and exchange it with whoever they want to exchange it with. That was the essence in the first place, which is to be your own bank and have control over your own funds which the security is totally in your own hands.

Except for making use of the exchanges to convert into fiat which is the highest we will ever see being close to banks, they won't be necessary in the long run, when adoption becomes pretty huge.

pureclckr

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Quote from: NovaNewbium on November 24, 2017, 05:45:32 AM

No i do not think because bitcoin is made out of the fact that people do not trust banks why should we put something like this in a bank i think that is the dumbest question i have ever seen you cannot ask something that is made to never put in a bank to put int in a bank.

No not now because the bitcoin is high in the range and the price of the bitcoin is increasing more and high if you are investing in the bitcoin you will see how fast the bitcoin will give me the bright future I can see how the bitcoin is now increasing in the price and the value I hope in the coming age we will see the bitcoin price very high I am sure bitcoin is the best and it will be the best forever.

santiPOGI

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we will have that soon.. we just need too take the digital currency step by step pal.. someone will rise that project and soon everything will be possible , and i hope someday bitcoin can work even with out the presence of the internet ..

yanlap

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Quote from: Feuerbach on November 24, 2017, 04:23:25 PM

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.

This contradicts the very idea of bitcoin. But I admit the probability of the existence of something like this. Something that will look like a traditional bank...

It is not just the contradiction or the assumption but the bitcoin will be held by all the people and we will have the bright future with the bitcoin, I can see the growth of the bitcoin and we are going to have the best and the better future with the bitcoin. The bitcoin value will increase so definitely the bitcoin will get the bank but the bitcoin is having the wallets and I will hold the bitcoin for the long time this is going to increase the value of the bitcoin.

ricardobs

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Quote from: NovaNewbium on November 24, 2017, 05:45:32 AM

No i do not think because bitcoin is made out of the fact that people do not trust banks why should we put something like this in a bank i think that is the dumbest question i have ever seen you cannot ask something that is made to never put in a bank to put int in a bank.

Lmao, there are still people who are novice in this community. You have been using Bitcoin for years and you never realized that there are Banks equivalents on Bitcoin which we all regard as Bitcoin banks. And you want to know some of them? I would recommend you check out Xapo if you’re looking for a service that’s equivalent to banks/bitcoin bank, but bear in mind if you need such services you will be asked to submit some details of you and also a valid ID issued out by your country’s government.

Feuerbach

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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.

This contradicts the very idea of bitcoin. But I admit the probability of the existence of something like this. Something that will look like a traditional bank...

allohha

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Quote from: btcjocan on November 24, 2017, 02:29:45 PM

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.

Maybe no bitcoin bank will ever be built because bitcoin don't need bank because it is a cryptocurrency. No need to hold it as long as you have access to the internet you can transact. Maybe we can connect to the bank because for example we need to cash out some fiat money from our bitcoin. But I think it is not necessary to have bitcoin bank.

If everyone means banks to serve bitcoins exactly as they are today, then I would also refuse such at all. After all, there will be more difficulties and more benefits.

btcjocan

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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.

Maybe no bitcoin bank will ever be built because bitcoin don't need bank because it is a cryptocurrency. No need to hold it as long as you have access to the internet you can transact. Maybe we can connect to the bank because for example we need to cash out some fiat money from our bitcoin. But I think it is not necessary to have bitcoin bank.

yanlap

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Quote from: amih on November 23, 2017, 08:45:32 AM

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.

It depends on the policy of a country if there is a country that legalizes bitcoin as the official currency I think it is not impossible that the government will make bitcoin bank as a centralization for bitcoin users to store their bitcoin assets and certainly there will be a definite rule applied by the government.

For sure it is the main thing if the bitcoin will be common in the country we will have the bitcoin price, I can see the bitcoin is now increasing more and more so it will grow more if the country will accept the bitcoin and they will support the bitcoin, I am using the bitcoin and the value of the bitcoin will help the people who are using the bitcoin and they are now investing in the bitcoin and will have the bitcoin bank.

BTCappu

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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 never heard about such a bank till this day may be in the future the regular banks start cryptocurrency dealing because they would also realize the importance of bitcoin and the trend of the people that the people all over the world are investing in bitcoin instead of keeping their money in the banks. So naturally they will find solution for their survival and they may start dealing in cryptocurrency.

f150

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I think if a country that prohibits bitcoin legal in that country bitcoin users do not agree with the existence of bitcoin bank, because there will be more tax if there is a bitcoin bank in that country. Better no bank because from the beginning until now bitcoin users feel safe and comfortable without bitcoin bank.

Topic: Will there ever be a Bitcoin Bank - page 18. (Read 3757 times)