Topic: Will there ever be a Bitcoin Bank - page 19. (Read 3757 times)
I dont think there will be any bitcoin bank because the purpose of those two things is opposite, bitcoin is created for freedom decentralized while bank is centralized, and loan in bank is not helpful it got a very high interest, that is why I used bitcoin, I want to escape from bank
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.
Like we hear about the bitcoin credit card which allows you to spend from your wallet bitcoin bank also don't seems impossible in the future but this will not work good.As there would be centralized control of one financial institution over its regulation and government will intervene in the matters which will give a dip to its prices as they would become more stable and it will loose its speciality and no individual control will be there and limits might be put on.So its good as decentralized currency and will remain always. 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.
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.
beside that, bitcoin is like a freedom for every one especially financial freedom because people manage their own money without third party and people which using bitcoin don't need to pay tax or fee for monthly. but i think the government will trying to create a new bank for bitcoin if they approve bitcoin so they can trying to control bitcoin from this banks.
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.
If you have thoughts of such an idea, then the bank must be independent means managed by the group that participates in the development of bitcoins and also supports bitcoins.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.
Because they better understand how these bitcoins work, so in terms of how to provide collateral for loans and lending, this is already in the calculation.
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.
Here in our country we have a bank that accept bitcoins in exchange into a real cash a fiat in other words. And it is a very helpful thing to us bitcoiners because we do not need to sell our bitcoins we just need to withdraw it in an atm machine. But It is not a bitcoin bank it is just an ordinary bank that innovate theur style maybe they knew that bitcoins can make their bank more successful. So they are accepting it, that is also a thing that I think makes the people in our country are now involved in this forum
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 don't think this is possible because if it will happen then surely the bitcoin will be restricted to a particular no. Of people in this world .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.
But if any site will start own site or services in offline places to accept Bitcoin then surely we can say that will be bitcoin bank like system .
Here to have bitcoin in bulk is really a big risky thing , Because if at once the price of the bitcoin will rise and then at the same time all the people comes at the bank to sell thier btc then how the bank system will pay bulk amount of money to the people ( Because of the availability and demand value of fiat will increase in that case ) .
I think it is more better that Thier is no bitcoin bank because with the direct send and receive system of the bitcoin is perfect way to make use of the bitcoin independently .
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.
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 like the idea of a bitcoin bank but it is very obvious to me that it is going to happen, banks are going to realize at some point they are losing business to bitcoin and they are going to begin to accept bitcoin as a deposit, I do not think it is going to happen yet because most of the people in bitcoin at this time are people that have a strong ideology about what is bitcoin, so most of us have strong feelings against banks, but as bitcoin becomes more popular and everyone begins to use bitcoin then we are going to become a minority and at that point a bitcoin bank will be a real possibility.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.
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.
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 think its impossible that there will be bitcoin bank because the bitcoin concept is one that has controlled the entire anonimous bitcoin acount. And other thing is bitcoin is a decentralized currency so maybe there is no other bank of bitcoin except blockchain.
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.
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.
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.
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 dont think you will need a bank to store bitcoins because ut is anyways in digital format in the first place, secondly it is a decentralized currency system by nature, which will be breached if any bank gets involved in storing bitcoins. The most important factor behind bitcoins being so famous and valuable is its decentralization i.e. no single mainstream authority to regulate it. Being such, it is at a great extent corruption free and cannot be manupulated by any authority. When we talk about bitcoin banks, indirectly we are talking about it being regulated and centralised. But who is going to take the control? Thus, internet itself is a bank for bitcoins and it being decentralised should be the same in future aswell.
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. 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.
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.
Well this is possible since other banks has been rumored that adapting to bitcoin system and it is good cause you can actually cope up with the idea of paper money in terms of bitcoin , but I think it is long way run and I dont see this happening for the next may 2-3 years.
I don't see how will a Bitcoin bank work. I have definitely seen people giving small amount of loans on Bitcointalk itself. But here we are talking about comparatively large organization(centralized) to give loans at big level. Why it won't work is because supply is way too limited along with that the availability of bitcoin in market isn't much as most of the people are merely hoarding it. Bitcoin is highly volatile. These all factors makes lending inefficient.
I think bitcoin bank will be a online bank with all the facilities of the real world bank as bitcoin bank will not need any physical infrastructure and other things. Bitcoin can become a global currency one day and then we will need this bitcoin banks to keep your money and also get interest from it. As well there are many new investment sites like Bit connect are launching which gives a good amount of interest to the investors it is also a step to create a bitcoin bank where people can keep their money safe and also gain a monthly interest.
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.
Over the period of time Banks have became necessary evil just like friction. They are helpful but cost of helpfulness is bit much. Nonetheless Bitcoin bank is too much dangerous at this moment. Given the situation of bitcoin being decentralized crypto and no governing body on frauds related to the bitcoin, it is dangerous. Because the rate at which prices are increasing are tempting. And if same trend remains in action then anyone having 1 bitcoin will soon become millionaire. And someone heading a crypto bank with good amount of bitcoins will have second thoughts about honesty.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 was seen as possible option to escape from the banking system.
Too much dangerous? Bitcoin banks are absolutely not needed at all, because everything they can offer you, you already have that if you were to download a simple wallet to your desktop.
Bitcoin is the escape from banks.
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.
Over the period of time Banks have became necessary evil just like friction. They are helpful but cost of helpfulness is bit much. Nonetheless Bitcoin bank is too much dangerous at this moment. Given the situation of bitcoin being decentralized crypto and no governing body on frauds related to the bitcoin, it is dangerous. Because the rate at which prices are increasing are tempting. And if same trend remains in action then anyone having 1 bitcoin will soon become millionaire. And someone heading a crypto bank with good amount of bitcoins will have second thoughts about honesty.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 was seen as possible option to escape from the banking system.
Too much dangerous? Bitcoin banks are absolutely not needed at all, because everything they can offer you, you already have that if you were to download a simple wallet to your desktop.
Bitcoin is the escape from banks.
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.
Over the period of time Banks have became necessary evil just like friction. They are helpful but cost of helpfulness is bit much. Nonetheless Bitcoin bank is too much dangerous at this moment. Given the situation of bitcoin being decentralized crypto and no governing body on frauds related to the bitcoin, it is dangerous. Because the rate at which prices are increasing are tempting. And if same trend remains in action then anyone having 1 bitcoin will soon become millionaire. And someone heading a crypto bank with good amount of bitcoins will have second thoughts about honesty.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 was seen as possible option to escape from the banking system.
Too much dangerous? Bitcoin banks are absolutely not needed at all, because everything they can offer you, you already have that if you were to download a simple wallet to your desktop.
Bitcoin is the escape from banks.
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.
Over the period of time Banks have became necessary evil just like friction. They are helpful but cost of helpfulness is bit much. Nonetheless Bitcoin bank is too much dangerous at this moment. Given the situation of bitcoin being decentralized crypto and no governing body on frauds related to the bitcoin, it is dangerous. Because the rate at which prices are increasing are tempting. And if same trend remains in action then anyone having 1 bitcoin will soon become millionaire. And someone heading a crypto bank with good amount of bitcoins will have second thoughts about honesty.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 was seen as possible option to escape from the banking system.
I don't think BTC banking is a good idea coz main reason behind BTC popularity is some of its amazing features like decentralization & Anonymity in transaction. If BTC bank formed, it will get the power to manipulate its demand and supply, hence its price, transaction fees etc.
Whole concept of BTC formation is to get freedom from any third party interference while making a transaction whereas Bank formation will be contradictory and against BTC users interest.
The anonymity of the bitcoin system is a myth. At the big desire always it is possible to find traces of the user who committed the transaction. Banks can't work with bitcoin for another reason. Bitcoin breaks all the existing ways to profit the banks. I think that we will witness a fierce fight the banks with bitcoin for life.Whole concept of BTC formation is to get freedom from any third party interference while making a transaction whereas Bank formation will be contradictory and against BTC users interest.
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