Quote from: merchantofzeny on November 20, 2017, 07:27:34 PM

Quote from: AngelSky on November 20, 2017, 07:14:27 PM

Quote from: R_Block on November 20, 2017, 05:38:29 PM

Given that all the major banks are so behind in the crypto-revolution do you think Coinbase will be the biggest bank in 2020?

https://hackernoon.com/will-coinbase-be-the-biggest-bank-in-the-world-5d147c9e6caa

Every bitcoin wallet is consider as bitcoin bank because that is how every wallet pre designed in the wallet provider software and site. Not only Coinbase there are many mainstream wallets still available in the market.
You can use any one of that to make your own bitcoin wallet account. Still Coinbase is not that much popular than any other crypto wallet. There are many desktop wallet in the market which can support wide range of altcoins as well.

This. One reason many people went into bitcoins is that so they can have full control of their money. A bank basically holds your money hostage. Even government would only insure a small part of it. That's the last thing we want to see happen with bitcoins.

I think simply having a mechanism for more secure loans would be enough. Though I think that would be harder to do with cryptocurrencies.

You are right but at the same time people are very easy to deceive as a group, people do not want the responsibility of managing their own money, this is why despite the fact we are our own banks by having our own wallets there are many people that are going to prefer to not hold their money in their computers and rely on a third party service instead.