Post
Topic
Board Bitcoin Discussion
Re: Do you agree with idea "Bitcoin bank" ?
by
ManavKalyan
on 17/10/2017, 19:20:28 UTC
Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.

Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.

If you mean a bitcoin bank where you can safely store your Bitcoins I see that's a good thing.
This will help individuals not worry about losing Bitcoins by getting hacked.
This transfers the risk from an individual to the Bank and if the banks can pay interest to the individuals for parking the BTCs with them then I don't see a negative.

But I do not like banks in the traditional sense. There should be no fractional reserve lending rights to the Banks or to anyone (not even miners) ..
And anonymity should be maintained. Governments these days, especially in developing countries, see taxing individuals is the way to collect their revenues while corrupt politicians stash millions away..

Decentralized is good..