Topic: Will there ever be a Bitcoin Bank - page 6. (Read 3757 times)
I think it's a bit of a reinventing the wheel where in fact there is already web wallets or hard wallets where you can store your bitcoin or digital currencies with no intervention of banks.
What purpose will a Bitcoin bank serve? Why would anyone use a Bitcoin bank?
Other banks are used by people to store money. They store money safely and allow easy transactions like wire transfer, cheques etc. They also provide loans for various purposes.
Bitcoin already stores money in wallets and you can do transactions between wallets just like a bank.
In other words a bitcoin wallet is already a bank.
Other banks are used by people to store money. They store money safely and allow easy transactions like wire transfer, cheques etc. They also provide loans for various purposes.
Bitcoin already stores money in wallets and you can do transactions between wallets just like a bank.
In other words a bitcoin wallet is already 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 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 heard some news about it , an article rather , it says that it can be possible now a days people are noticing the power of bitcoin the value of it. And some are investing right through the bitcoin industry , and I heard some that bitcoin has a fiat and bitcoin has a atm machine right now it becoming vast and evolving. And on the other hand it maybe helpful for us I guess , mostly the bitcoin users.
It's nice having a bitcoin bank after all there are many people who are into bitcoin that's why it became more popular and maybe when this will happen i will support it because maybe it is more convenient if it has it's own bank.
If ever that happens, I will support it. Just think that they will do more layers of security for us and if ever we got hack, they will surely imburse our cryptocurrencies back.
Well, In my knowledge there is not Bitcoin Bank in the whole world and still possibility is also less of BTC bank because BTC bank need some permission from government side and still BTC is not legalize in any country as BTC start legalized then possibility of BTC bank creation will also be increased and that will be amazing steps in BTC carrier.
If ever that happens, I will support it. Just think that they will do more layers of security for us and if ever we got hack, they will surely imburse our cryptocurrencies back.
It's possible because bitcoin now is like a gold that anyone wants it. So its very feasible for someone who wants to banked it and sell to other people but most likely you will need to have big funds. But if they want to create a bank for bitcoin they should limit the online wallets because it is more easy to have than bank accounts more likely its very rare to find one if it is created.
perhaps I do not understand something, but since there was already a practice of communicating with the banking system in real life, I would be against creating Bitcoin Bank. Thus, the bank will remove the independence of Bitcoin users. And I think that this is unacceptable.
Why do we need bank if we can keep our bitcoins with bitcoin wallets 😂. Why would you entrust your coins to someone if you have the ability to keep it for yourself -_- .
That's the point. I totally agree with this statement 👆
Bitcoin Bank is sheer useless thing. Bank is a place where you can store up your money and get some interest on it. But I think there is no such thing existing in Bitcoin. No one can magically increase the amount of bits you have just because you kept it with them. So a simple answer is there will never be such a bank but only a few such wallets.
That's the point. I totally agree with this statement 👆
Why want a bank of a product completely decentralize? more secure wallets are there for that!
Well nothing is impossible, so i think to have a bitcoin banks is can happen in the future and having a bitcoin bank is really a nice idea and it is really nice for all of the users or holders of bitcoin, and that would be also really great for my parents so they can deposit there money in the bitcoin banks.
in my opinion it can be achieved, as with other banks, it is natural that other banks fight bitcoin because of this competition financial problems. it's about the reality of demand or the needs of the market and society, the more the need then I am sure will quickly materialize the existence of a special bank bitcoin.
I don't think there would be a bank for bitcoin since the concept of cryptocurrency is opposite to banking regulations. May be bitcoin ATM can be set up to withdraw digital money as paper currency and that too is something not attached with the concept of bitcoin's real nature.
The idea for the bitcoin bank is great but I think that this bitcoin bank is not a good idea at this point in time. Because investors know bitcoin and love it because it's anonymous and secure, investors do not want anyone to monitor their assets so they have chosen bitcoin instead of banks. So if you apply bitcoin to management, then surely this time investors are not acceptable. 
Well i think that is possible to happen in the future maybe 30 years from now i think bitcoin bank is we will build in this world and i think in the future bitcoin banks will do what the banks is really doing in this world, and i am very cinfident that bitcoin banks is we will be really great.
it may be that in the future bitcoin will have its own bank, because the longer the bank is also needed by bitcoin, as a money exchange transaction in every country. so no doubt that bitcoin has a bank that will exist in the future. 
Well i think that is possible to happen in the future maybe 30 years from now i think bitcoin bank is we will build in this world and i think in the future bitcoin banks will do what the banks is really doing in this world, and i am very cinfident that bitcoin banks is we will be really great.
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.
Yes it is possible since bitcoin is a great investment. A lot of bitcoin users are waiting for it because most of them don't know where to keep and store their money safely. Most of banks these days has fraud issues that affects the earnings of most people who trust banks. Most of the banks these days don't worth our trust so I wish bitcoin would build their own bank.
Bitcoin and banks do contradict themselves naturally, so no, I dont think that there ever will be a Bitcoin bank. But I believe that banks will find ways to remain their power and stay in the financial business as they are now. They will just adapt to the new situation and alter the way they are doing business. I hope that they will be forced to work for the people for once instead of only working for their own profit.
why want a centralized bank for a product to decentralize? the world is not ready to move to the next stage ..
I don't think there would be a bank for bitcoin since the concept of cryptocurrency is opposite to banking regulations. May be bitcoin ATM can be set up to withdraw digital money as paper currency and that too is something not attached with the concept of bitcoin's real nature.
If the people behind bitcoin would really like to open one then i guess it is possible. However, opening a bank would somehow forfeit the ultimate purpose of bitcoin's app. For one, bitcoin is a decentralosed system which is the exact opposite of banks which is centralised.
Its a unique idea but it need competitive team with perfect planning to convert it in realty,Actually Banks are the mediums which assists financially to individuals and organisations by rendering devices and offering different kind of products,if we talk about Bitcoin Bank there must be different kind of portfolios from which customers take benefit and also bank must raise its funds and generate the revenue.
I think the presence of a bitcoin bank is a very good thing, the bitcoin bank function is like a wallet and can guarantee the security of the bitcoin we keep, and I hope it will be realized soon.
Yeah this is a good idea, in that case we know that every time we save our money in bitcoin bank we know that this is safe and no one can hack that because we are the only person can widthdaw our money in bitcoin bank.
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