Post
Topic
Board Bitcoin Discussion
Re: Do you agree with idea "Bitcoin bank" ?
by
batang_bitcoin
on 04/04/2017, 22:35:21 UTC
Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system

Exactly, having your own bitcoin wallet is already a bitcoin bank. And with this idea of "bitcoin bank" this will just regulate the usage of bitcoin in the economy of where you are living and the bad is that you will be controlled when to buy or sell your coins just like what is happening at China. Look at them now, I don't agree with this thing either.

Not exactly we are controlled with our buy and sell because that's a rule of the bitcoin system, well if you considered your wallet as a bitcoin bank and I tell you it's not my friend. A bitcoin bank is somewhat to be developed different from a wallet online, because there is a system of secured account which could not be accessed directly by the account holders without authentication from them to make secure of the savings. If you really wanted banking your bitcoin now, so you can do the best option to cash out your balances and deposit to fiat money bank, while bitcoin still on the plan.

With the control I'm talking about the regulation of the agency or body of government that will control that bank, possibly with the finance department. And I'm giving an example of it with the China, their withdrawals was once hold , I don't have any update with them right now. And to make it clear, fiat money putting on the bank is very far from bitcoin on bitcoin wallet considering as bitcoin bank.