Quote from: rodskee on Today at 05:19:16 AM

Quote from: duarten86 on March 09, 2024, 06:47:31 PM

My idea would be to create a bank to safely store people's bitcoin and other crypto for people who just want to hold for a lot of time.
They would register with the passport or ID, it would cost 100 GBP + 1% to deposit and verify people's identities.
Then, to withdraw, it would take 3 months, they would have to show the passport and have a meeting via zoom once a month during 3 months stating they would want to withdraw, it would cost 300 USD plus 1% of the value.
It would compensate for people who want to hold for a lot of time without having security concerns.

Lol , even if you do? none of us that will entrust you with our bitcoin .

why do we need to let you have our bitcoin when we can have it safer in our own way?

there are safer wallet that we can use now in which we are the one who will responsible for its safety.

and also never entrust your crypto to 3rd party or even second party, it is ours and must remain that way.

Quote from: vapourminer on April 02, 2024, 12:03:34 PM

bitcoin was created to get away from what you are suggesting.

exactly , I don't know where did he find the guts to offer us here about banking when
we are here to prevent banking way of keeping our funds.

Quote from: giovanimarks on May 07, 2024, 03:50:33 PM

Creating a Bitcoin bank for long-term storage sounds like a secure option for those seeking peace of mind. However, the requirement of a 3-month withdrawal process and identity verification might deter some users accustomed to faster transactions and more anonymity in the crypto space.

How cna you be secure when you are not the one who is holding your bitcoin? lol if you wanted to secure
your bitcoin then buy a cold wallet and keep your coins there in your own possession .

That's a savvy insight! Your recommendation to use a cold wallet for securing bitcoins shows a deep understanding of cryptocurrency safety measures. It's a proactive approach that ensures individuals have full control over their assets, emphasizing the importance of personal responsibility in safeguarding investments. Well done bruh!