CryptoCurrency Banks!

[Ilyvert]

This is insane

 

Rokossbank (rokossbank.com) will be the first cyrpto bank ever, you can get actual coins with IDs on them and keep them IRL which is more secure than cold wallets, paper, etc.

They're doing this first with Bytecoin I believe.

this is so crazy

What are your opinions?

[Ilyvert]

Not an ad: I am invested into BCN but I genuinenly think that this is insane.

[Eliptic]

I think thats pretty cool, but I still wouldn't incvest due to the currency's instability

[TetraSky]

Insane... And not the good way.
Cryptos have been on freefall for a while now.

To me, this just sound like a publicity stunt in order to try and relight the cinders of cryptocurrency so that some investors who got fucked over when it dropped, may get back their money when it goes back up after this news.

[captain_to_fire]

Do they offer time deposit accounts and investment options? How much is the maximum depositor's insurance?

[jagdtigger]

Just let this insanity crash into the ground and burn already.... It caused enough damage as it is.

[PetiteBob]

I understand using crypto currency as a way to invest, but using something so unstable as a form of currency makes no sense. The whole point of a currency is it's flat value. One US dollar is one US dollar. Not one US dollar is 0.00015 Bitcoin this week then 0.00020 next

[Shally]

This is getting out of hand I agree. I love the idea of this technology still getting invested in but big market stunts like this only make it look very childish,

[Shally]

55 minutes ago, jagdtigger said:

Just let this insanity crash into the ground and burn already.... It caused enough damage as it is.

It is insanity I agree, but I still like the idea of virtual currency. I do think it's the way of the future, just not the present.

[Ilyvert]

1 hour ago, captain_to_fire said:

Do they offer time deposit accounts and investment options? How much is the maximum depositor's insurance?

I'm not sure, that'd probs be clarified when the bank goes open.

[Ilyvert]

1 hour ago, Pyroshank said:

I understand using crypto currency as a way to invest, but using something so unstable as a form of currency makes no sense. The whole point of a currency is it's flat value. One US dollar is one US dollar. Not one US dollar is 0.00015 Bitcoin this week then 0.00020 next

That's the problem with crypto for many people, if coins could be a <x> amount of $ that'd make it a good currency. But Crypto's only have so many coins that can be distributed, in real life currency's are also volatile/fluctuate (turkish lira, indian rupees).

In "mainstream" currency's something big has to happen IRL, but with crypto's it can really be anything.

 

 

edit: IRL/Mainstream currency also doesn't have a cap of how much it's worth making it's price flat.

If you go to countries like Uzbekistan which have high inflation you can sell your USD for ~ x3 the price.

So YES, even IRL currency's are highly volatile.

 

[bcredeur97]

I thought the whole goal was decentralization? Why would a bank be desirable?