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Topic: Will there ever be a Bitcoin Bank - page 8. (Read 3777 times)

sr. member
Activity: 1372
Merit: 275
January 07, 2018, 08:59:04 AM
No need for a Bitcoin bank because you can transact your payment anywhere and that is one advantage of Bitcoin.
if I think it's bitcoin need a bank as a bitcoin transaction. not just online but in the world it's needed, because it proves that bitcoin is growing in the real world, not just the world of fantasy.
member
Activity: 209
Merit: 10
January 07, 2018, 08:55:42 AM
No need for a Bitcoin bank because you can transact your payment anywhere and that is one advantage of Bitcoin.
copper member
Activity: 658
Merit: 284
January 07, 2018, 08:41:42 AM
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.
Well, I think it is possible to have fully functional bitcoin bank in the future since the are great projects such as Crypterium and Worldcore started popping. In believe in time everything is possible and achievable in the cryptocurrency ecosystem.
member
Activity: 132
Merit: 10
First Universal Cryptocurrency Casino
January 07, 2018, 07:19:06 AM
The bank can not successfully work with such high volatility of bitcoin and other cryptocurrencies. It is impossible to work with loans and deposits at such fluctuations in value.
newbie
Activity: 47
Merit: 0
January 07, 2018, 06:18:52 AM
In my opinion, no but maybe it will. bitcoin didn't need any bank. if there's bank of bitcoins, it must really be very complicated. bitcoin is simple, if bitcoin using a bank, there must be a lot of policies and rules that are really bad.
full member
Activity: 588
Merit: 100
January 07, 2018, 06:07:19 AM
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.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
January 07, 2018, 04:50:40 AM
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 will be no such thing. E-wallets are usually the storage of Bitcoin users and investors. So I think there will be no need of Bitcoin bank for wallets are already there. But it if this thing will exist, it will depend on the users wether they will use it than the traditional e-wallets. But I myself, won't use it because I'm satisfied with e-wallets.
full member
Activity: 840
Merit: 105
★Bitvest.io★ Play Plinko or Invest!
January 07, 2018, 04:39:01 AM
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.
sr. member
Activity: 1232
Merit: 250
January 07, 2018, 03:57:07 AM
I know I'm a noob, but isn't Bitcoin already like a bank without a bank? You hold it, and  have access to it with your private key. Banks charge fees and need to make profit on top of paying their employees. I completely dislike the idea of a Bitcoin bank.

I think Bitcoin will be regulatedbin few countries, regulated. Regulation like strict exchange with KYC mandatory and tax implementation. This would probably the worst thing that could happen to Bitcoin along with other Altcoins also. The unrecognized exchange could be kind of banned and access restriction could be implemented. Let it be out of Banks and Government.
newbie
Activity: 69
Merit: 0
January 06, 2018, 07:23:16 PM
I know I'm a noob, but isn't Bitcoin already like a bank without a bank? You hold it, and  have access to it with your private key. Banks charge fees and need to make profit on top of paying their employees. I completely dislike the idea of a Bitcoin bank.
sr. member
Activity: 574
Merit: 250
January 06, 2018, 07:22:11 PM
I don't think so, bitcoin's supply is very limited and it works on a decentralized network so even if some billionaire will make a bank for bitcoin i think that will not work as holders can make their bitcoin keep on personal digital wallets.
Everything has a limited like our fiat currency and if there's no limitation there will improper circulation of our money that we all used for every transaction and in my own opinion. Why the OP thinks about this a kind of thing it is because he might think if there is bank for bitcoin we can store our bitcoin without fluctuating it's value. So meaning to say it's made our bitcoin stable without worried about the sudden hard fork in it.
member
Activity: 280
Merit: 10
January 06, 2018, 07:09:31 PM
If there will be a bitcoin bank then the true meaning of bitcoin is useless,bitcoin is a decentralized which means to distribute money without the authority of the government while bank is the opposite meaning of bitcoin and bitcoin will have a bank?i don't think so mate. people are been hooked by bitcoin because of it's big value and easy process of transferring money to other people nation wide.
full member
Activity: 238
Merit: 100
The All-in-One Cryptocurrency Exchange
January 06, 2018, 06:40:07 PM
In my opinion, banks simply help us to make transactions such as sending money, withdrawing money, being intermediaries assuring the payment, making the payment become safer. And Bitcoin is very much in need of intermediaries because Bitcoin transactions are completely anonymous. If you mistakenly place the address, the Bitcoin number will be lost, cannot be retrieved. So if Bitcoin wants to be more popular then it is important that the bank mediates in all Bitcoin trading.
full member
Activity: 280
Merit: 100
January 06, 2018, 05:33:44 PM
I don't think so, bitcoin's supply is very limited and it works on a decentralized network so even if some billionaire will make a bank for bitcoin i think that will not work as holders can make their bitcoin keep on personal digital wallets.
full member
Activity: 237
Merit: 100
January 06, 2018, 05:19:04 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 think it so hard to build a bank of bitcoin because bitcoin is not legal here in our country. And also i think it hard to change fiat to bitcoin because fiat is a a traditional money or national that people use in every country. i think its also good to have one but we need bitcoin to exchange into a fiat if we have a bank of bitcoin.
sr. member
Activity: 1106
Merit: 255
Betking.io - Best Bitcoin Casino
January 06, 2018, 03:19:05 PM
Probably but for me it won't have any more usage than selling, buying and helping clients, for me it could happen in future when it will be more popular to purchase things on a global scale.
newbie
Activity: 294
Merit: 0
January 06, 2018, 02:21:33 PM
The whole point of bitcoin is to create a decentralized currency, making a bank to distribute and control it would just defeat the purpose of it so no.
sr. member
Activity: 378
Merit: 250
January 06, 2018, 12:55:44 PM
I think there will be no bitcoin bank in the future because the hardware wallets like ledger nano is already a bank because it is safe and you can control all your funds without worrying for any problem and that is the point of having a bitcoin wallet because you will be dealing for having a bitcoin bank without having any problem. Just buy hardware wallets.
full member
Activity: 196
Merit: 100
January 06, 2018, 12:27:08 PM
As i know there is already a bank for bitcoin i just can't remember where country it is but i watched a video on facebook and lots of people are buying and depositing their money which is a good news for all of us because bitcoin's price will increase but is it not alarming ? that we are all greed for it ?
jr. member
Activity: 107
Merit: 1
The World’s First Blockchain Core
January 06, 2018, 12:05:58 PM
if there would be a bitcoin bank wouldn`t it be a contradiction to the bitcoin`s main mission and vision.?
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