I remember that Narbonne had an ICO not so long ago but it looks like they were not that successfull. Also their website ( https://narbonne.io/ ) was not updated since that time.
The general idea of banks can be used in crypros but excluding all the payment stuff. It is still gona be good to have some safe storage for the cryptocurrency and maybe even some % as an income.
Topic: Will there ever be a Bitcoin Bank - page 23. (Read 3783 times)
In the future bitcoin can be deposited through banks and be withdrawn. I’m an open minded person, for me it’s something most argued with, if this possibility will do good or bad to cryptocurrency but as me since I came here only this years the rampant scamming and shutting down of bitcoin wallet due to running everyones bitcoin make me think that having some bitcoin bank that is privately owned but transparently liable to the people and the government.
Banks see Bitcoin as the enemy.
Banks used to see Ecommerce as the enemy.
Customers dictate what will be needed.
BUT Banks are regulated by CBs, Financial Authorities etc.
Getting a Financial Authority to sign off on a BTC bank could be tricky UNTIL BTC volatility falls considerably.
Having all your assets in that level of volatility means your share price as a bank would yo-yo in an unsustainable fashion
Banks used to see Ecommerce as the enemy.
Customers dictate what will be needed.
BUT Banks are regulated by CBs, Financial Authorities etc.
Getting a Financial Authority to sign off on a BTC bank could be tricky UNTIL BTC volatility falls considerably.
Having all your assets in that level of volatility means your share price as a bank would yo-yo in an unsustainable fashion
I don't think there will be a bitcoin bank. As the bitcoin concept is one line transaction only so the cryptocurrency is created against the banking system only. May be in future banks will accept bitcoin and banks will change their system according to bitcoin requirement.
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 think it was a strategy of many banks nowadays because banks has been has not been use because everyone of us is in bitcoin they invest in bitcoin they use bitcoin they save bitcoin. So I think it was a great idea for them to make a bitcoin bank in order to go with the flow or to make something that are appropriate to the needs of today's generation. 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 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.
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.
I agree with you that BTC bank formation will be against users interest. I don't support BTC Bank idea and if ever such thing happens I will never keep my coins in it. Even there is no need for such a bank, unlike cash, BTC is stored in a wallet just like Bank accounts so no fear of loss or damage.
It will be hard if they will always lean on the USD market, if every loan is being coverted to dollars then how will you finish one loan when suddenly the bitcoin exchange will go down.
Example is I have loaned 3 btc not then suddenly btc price is down.
Is my payment in bitcoin will also grow like 3.5 bitcoin just so to equal the amount I have loan?
Of course this banks dont want to be on the losing side. They want profit not loss.
Example is I have loaned 3 btc not then suddenly btc price is down.
Is my payment in bitcoin will also grow like 3.5 bitcoin just so to equal the amount I have loan?
Of course this banks dont want to be on the losing side. They want profit not loss.
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.
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.
I agree with you that BTC bank formation will be against users interest. I don't support BTC Bank idea and if ever such thing happens I will never keep my coins in it. Even there is no need for such a bank, unlike cash, BTC is stored in a wallet just like Bank accounts so no fear of loss or damage.
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.
After the goverments started to legalize bitcoin, the banks would have also be changed their strategy. They would reform their currencies to bitcoin and altcoins. Therefore it may be right that there will be bitcoin banks in every countries especially in airport terminals.
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'm considering that in Europe there exist some atm's for Bitcoin, so the next natural step would be a bank or something like that. I wonder what effect will have such an institution on bitcoin, will it still be decentralized? 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 the local government shows positive relationship among the bitcoin community, yes it is possible
In my opinion, a bitcoin bank is something that will never exist because it is against bitcoin concept which is based on decentralization in first place.
Besides, who have the legitimacy to create a bank and take control over the bitcoin network, no one will allow that.
Even more, It will be easier for governments to shutdown a bank than a decentralized network.
Besides, who have the legitimacy to create a bank and take control over the bitcoin network, no one will allow that.
Even more, It will be easier for governments to shutdown a bank than a decentralized network.
Today it may seem impossible to a bank start to work with digital currencies. But as we know all new come in our life slowly. I believe that humanity will understand all advantages of crypto currencies and it will become same normal part of our lifes as smartphones. I suppose at first banks will start to exchange digital currency and with time they will use it in other sides of their activity. it is clear that bitcoin is going to be the first of such currencies.
I don't think BTC bank is necessary since we already have wallets wherein we can store and secure our bitcoin savings. It would perhaps decrease its convertion price to physical money if it already has a bank who set standards and policies to crytocurrencies exchage plus ad on fees in their service charges thus making our possible income lesser.
What status should be assigned to bitcoin?
It could be like that but for me everythink will be just store and secure in internet by goverments if bitcoin will be main currency.
Today it may seem impossible to a bank start to work with digital currencies. But as we know all new come in our life slowly. I believe that humanity will understand all advantages of crypto currencies and it will become same normal part of our lifes as smartphones. I suppose at first banks will start to exchange digital currency and with time they will use it in other sides of their activity. it is clear that bitcoin is going to be the first of such currencies.
maybe bitcoin bank is unnecessary, because bitcoin is an asset that can not be set by one company. while the bank always has a policy to manage the assets he coordinates. therefore bitcoin banks are not important
There is a similar kind of thread somewhere here or in the bitcoin discussion. I believe it has been heavily and long debated and most of the answers were that it is not possible and there is no point in creating one. The fact that you can just store it yourself is the best thing for your bitcoins.
However, the argument I would like to chip in is that a bank functions as a way to distribute money. People who want to store their money can do so in banks and people that need to borrow money can also go to banks. The banks lend out the deposits of their clients. This can also be done with bitcoins, but I don't think it would be in-line with the purpose and primary features of bitcoins that it is decentralized.
However, the argument I would like to chip in is that a bank functions as a way to distribute money. People who want to store their money can do so in banks and people that need to borrow money can also go to banks. The banks lend out the deposits of their clients. This can also be done with bitcoins, but I don't think it would be in-line with the purpose and primary features of bitcoins that it is decentralized.
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.
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.
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.
Jump to: