The blockchain is a bank itself, so it doesn't make any sense to talk about "bitcoin bank".
But for sure there will be necessity of all kind of financial services, as loans, leasing, credit cards, and so on.
Topic: Will there ever be a Bitcoin Bank - page 4. (Read 3757 times)
Sorry, but a Bitcoin bank is an oxymoron. There have been lately a few ICOs trying to sell something like that to the public, but I really cannot see the point in something like that.
I wouldn’t buy such ICO, they’re likely to end up as scam. Bitcoin doesn’t have a bank, and bank can’t just be online without having an offline location, so it’s all fake. There are already some wallets that look like bank. I once used Xapo wallet, and their services can be compared to that of banks; they give you debit card for ATM withdrawals, it’s just like bank. If anyone needs a Bitcoin bank, why not use Xapo then? And we don’t even need banks for Bitcoin, cause it is good as it is and we also like it like that.
Bitcoin and banks have different concepts and both are opposite to each other in every thing. However, there's possibility that banks partially adopt Bitcoin technology and the way it operates and vise versa Bitcoin would adapt some features like banks in future since governments wants to regularize and control Bitcoin. I'm not too sure which one would overtake another but something would be mingled together for smooth operations and to serve people.
Based on what we see right now i think there's a chance that some bitcoin company will invest and create a bitcoin bank or a cryptocurrency for electronic bank. every years our technology has been upgraded. for me it will take to five to 10 years before the bitcoin bank introduce to us. But this is not far from reality as there are no differences between real money and digital currencies
Sorry, but a Bitcoin bank is an oxymoron. There have been lately a few ICOs trying to sell something like that to the public, but I really cannot see the point in something like that.
I agree with you because it doesn't make sense to just have a bitcoin bank because just like.. what is the reason of the wallets that are available for bitcoin if they will not be used like your own bank because the reason why we are in the cryptocurrency world like bitcoin is to have space from the banks and we should not allow the banks to create their own for cryptocurrencies because it is like centralization. 
Sorry, but a Bitcoin bank is an oxymoron. There have been lately a few ICOs trying to sell something like that to the public, but I really cannot see the point in something like that.
A bitcoin bank it's a nonsense by definition, as "money" is already stored in a safe place.
But a kind of bank can be useful as a "buffer" to guarantee a transaction, in the same way it happen today with credit card.
You can't wait 30 minutes when you pay a coffee... :-)
(we complain that bitcoin transactions are slow, but credit card ones requires much more time. If we have the impression that they are immediate is because there is a bank that takes the risk)
But a kind of bank can be useful as a "buffer" to guarantee a transaction, in the same way it happen today with credit card.
You can't wait 30 minutes when you pay a coffee... :-)
(we complain that bitcoin transactions are slow, but credit card ones requires much more time. If we have the impression that they are immediate is because there is a bank that takes the risk)
Banks are generally “for profit” companies.
They are also highly regulated by state and federal agencies.
If they can find a way to work with bitcoins that are easy, profitable, and without getting the regulators all worked up, I am sure they will do that. I know major banks are looking at the block chain. In a few years they will probably start doing that.
They are also highly regulated by state and federal agencies.
If they can find a way to work with bitcoins that are easy, profitable, and without getting the regulators all worked up, I am sure they will do that. I know major banks are looking at the block chain. In a few years they will probably start doing that.
I believe we ourselves are the Bitcoin Bank. How about cardless ATM located at malls. Were your Bitcoin exchange for fiat for retailers that still not accepting bitcoin transaction.
This is the opposite of bitcoin's power. But there is a big need at the same time. It will surely be forthcoming. There are some projects for this.
Yes I am thinking with that also that there will be a bitcoin bank someday. You know that bitcoin could be possibly legalize with its existence with secure development then it could be possible. I guess the developer's of the system are eyeing on to these possibilities since this system is one of a kind of investment. It will be a matter of time that this system will be acceptable as alternative to fiat money that could be use to any online transactions. Why do we need to develop our system? Because its popularity are widely spread all over the world that any other investment could ever have its uniqueness. So to those who are planning to establish bitcoin bank as early as now try to start naming your own bitcoin bank that could be attractive to the bitcoin depositors.
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 there are banks for digital currencies as of today yet I can't confirm if such business have really started as of now since I did not know if they were successful in their attempts to establish one. But this is not far from reality as there are no differences between real money and digital currencies. They are valued just the same. The diffrence is one is virtual or digital and the other is real. Should there be any, I would certainly agree it could be that helpful as you have stated. 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 there would be any. But if so, I think it is very helpful and can be convenient to the btc users. But I have to say that if a btc bank will be created, it will called a crypto bank made software,
I do not think that creating a large bank for bitcoin is a good idea. This will lead to the centralization of the coin, which is contrary to the principles that once put into bitcoin Satoshi Nakamoto.
As long as there will be someone who will sponsor it and support it, it is possible, but what is its purpose anyway? A coin app serves as our personal acct or a personal bank that stores our coin etc.
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.
I dont thing so, bitcoin is the one causing the banks to be useless, so there will be no need for a banks for bitcoin, it needs no bank to survive, if bitcoin grew and the wolrld relay on it, then it will be the time that banks are extinct,
I think it's very difficult to have a BTC bank.
Because the digital encryption world has no way to build a credit system!
Because people who trade are anonymous and scattered around the world! If the BTC loan does not return, it is very difficult to punish them!
Because the digital encryption world has no way to build a credit system!
Because people who trade are anonymous and scattered around the world! If the BTC loan does not return, it is very difficult to punish them!
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 believe it is possible but not impossible, as in my country the banks are fighting against bitcoin as it is causing many obstacles to their development.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.
For me it can be, and it is possible too. Soon that wll be happen because their is no impossible in bitcoin. It is good to hear that there will be a bitcoin bank for the bitcoiner. Maybe at that time the government will enter and recognize the world of bitcoin and for them to gain and earn that adds the income of the economy. The cryptocurrencies also will high the value of the price.
Banking currency means the government will have a control to it, since the government sees the cryptocurrency a threat may that would not be a good option. This back currencies are centralized, so why would we want a decentralized coin to be bentralized coin.
The idea of having a Bitcoin bank is something that is not impossible but I think it is very unlikely yo happen. One of the reasons is Bitcoin is decentralized and that is one of the best features of Bitcoin, one that makes it unique, trustworthy and successful. Having a Bitcoin back will defeats that, that is why I believe that idea is possible but unlikely to happen.
I heard that bitcoin banks are already realizing? http://kryptomoney.com/worlds-first-bitcoin-bank/it means this idea is very possible in apply, bitcoin banks only need identity of the user to be a customer of the bank, I know that bitcoin is decentralized but you see how the exchange site gives the option to verify so users get additional facilities, isnt decentralization gone from it? I think bitcoin banks will also do the same,
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