A place that holds your currency and keeps it safe.
5
votes
2answers
240 views
Bitcoin-friendly Bank
As is well known many Bitcoin businesses and in particular exchanges have had a lot of trouble working with banks. Are there any banks that are explicitly Bitcoin-friendly?
2
votes
1answer
123 views
How is a Ripple gateway different than a conventional bank?
Everything I've read so far suggests that a Ripple "gateway" is just like a bank. How is it different than a conventional bank?
Is it possible to have a bank of banks (central bank) in Ripple?
4
votes
1answer
57 views
Pass-through bank account, that transfers everything to your wallet
Now you can buy everything worldwide with https://bitspend.net/
It would be nice to get money now also only in bitcoins.
I would like to configure a bank account in the way that if there are ...
3
votes
3answers
173 views
What happens when bitcoin loans start to appear?
Disclaimer: Me and my friend barely understand how bitcoin works.
With the limited knowledge, my friend is wondering what happens when bitcoins loans start to appear?
Loans have intrest rates that ...
3
votes
1answer
148 views
Could there be a “run” on Mt Gox? Does Mt Gox use my balance for other purposes behind the scenes?
It's conceivable that Mt Gox would re-use the outstanding balances (USD or otherwise) in other investments (BTC or otherwise).
How much liquidity does Mt Gox have in BTC and Fiat dollars in case a ...
4
votes
1answer
460 views
How do I transfer funds from India to an exchange?
I want to buy a few Bitcoins using my bank account/ credit card from here in India. How do I do that? MtGox has an option to do wire transfer. Is it the only way to do it? If I transfer $1000, how ...
-1
votes
1answer
195 views
Why is bitcoin better than other electronic banking, like Dwolla or Paypal?
Why is bitcoin better than Dwolla or Paypal?
2
votes
3answers
380 views
If you trade with bitcoins, how do you manage to “explain” anti-laundering authorities the money-in & money-out?
When trading with bitcoins using mtgox, or bitcoin-24, or bitcoin.de, you will have in your account many transfers of money, to many people and from many people. In europe if the sum of the ...
5
votes
2answers
241 views
Can Ripple gateways operate as fully transparent fractional reserve banks?
Any Ripple gateway that establishes a solid reputation will be tempted to switch to fractional reserve issuance of its own IOUs to increase leverage (which is exactly what the existing comercial banks ...
5
votes
2answers
153 views
Setting up a coinbase like service in India , need suggestions
I have read and researched extensively on bitcoin, but I haven't found any service like coinbase that allows a user to buy or sell bitcoins online without having a US bank account. So how can one ...
2
votes
2answers
437 views
Strategies against Bitcoin
With the recent increase in articles about the threat of Bitcoin vs central banks, government and other authorities over the money supply, I am wondering how well authorities are prepared and actively ...
-1
votes
2answers
271 views
Is mining the unfair part of bitcoin in the same way banks (or rather, fractionary reserve systems) are to current monetary system?
I've been reading a lot about bitcoin lately and I'm very interested.
Especially, when it comes to making a currency that is way more fair, because it avoids a centralized control of it.
However, in ...
1
vote
2answers
138 views
Can a bitcoin bank solve the problem of intensive value fluctuation caused by hoarding?
Let's assume a bank dealing in bitcoins is not any central of government bank that could control the money supply.
Instead, let's say there was a bank where the people would deposit money at some ...
1
vote
0answers
87 views
Zero Percent Interest Nonresident Free (Online?) Euro Checking Account with Good Service for Cashing out Bitcoins?
You can cash out bitcoins the cheapest way in Euros, right?
I'm from the EU but my country is not in the eurozone, so that's why I need a convenient nonresident euro account.
I'm looking for the ...
5
votes
3answers
578 views
How can i convert Bitcoin to Indian Rupees and vice-versa?
How can I convert bitcoins into Rupees (Indian currency - INR) and get them in paper Rupee notes?
2
votes
3answers
327 views
How does bitcoin manage the money supply?
All currencies are expanded when institutions begin loaning currency. How will bitcoin limit this growth? In economics there are several definitions of money such as M2, M3, etc.
5
votes
3answers
4k views
What is the cheapest Cash-to-Bitcoin Service? [closed]
There seems to be a few services to purchase bitcoins from out there, as in bitinstant, MtGox, bitcoin.de, etc.
I would like to know if someone has looked around to find the one with the cheapest ...
3
votes
3answers
226 views
What are the advantages of sharing money in hosted e-wallet services?
I was a little bit shocked to learn that many (if not all) hosted e-Wallet providers combine their customers money in the hosts account, instead of just providing a service for easy access and storing ...
-3
votes
2answers
56 views
A different question about a kind of use [closed]
Imagine I want to change the formula of transactions between a group of people who want to use this money in this way:
"Everyone will have a maximun quantity of money to waste in the month, and ...
4
votes
1answer
909 views
What is the story behind MtGox and their French bank?
MtGox has their French bank account closed last year, as the bank stated they aren't legally allowed to undertake the activities they were doing in regards to trading Bitcoins. There have been a few ...
-3
votes
3answers
404 views
What are the quicker ways to use my bitcoins for paying in usual shops (off- or online)?
I have some bitcoins which I want to use for payments in the "usual" shops around me (not accepting bitcoins, but accepting plastic cards), and in a quicker way.
Previously, I used http://metabank.ru ...
10
votes
2answers
1k views
Why do both Mt. Gox and Intersango use Polish banks?
Since their previous France and UK accounts were closed, both Mt. Gox and Intersango set up accounts in Poland.
Is there a specific reason why they chose Poland?
5
votes
5answers
607 views
Should fractional reserve banking be prohibited through the bitcoin protocol or otherwise, and how could such a change be implemented?
There's a massive macroeconomic debate between Keynesians, who want central banks to control the money supply, and Austrians who want no central banks doing any such thing--or at least competing ...
4
votes
2answers
293 views
What are the qualities of a country that might make it more or less likely to freely allow Bitcoins or crypto-currencies?
As some examples which seem logical to me, but should only be taken as examples:
A government that is susceptible to commercial lobbying is probably more likely to be pressured by banks to disallow ...
9
votes
2answers
820 views
Why so many bitcoin exchanges have their bank accounts closed and have problems establishing bank accounts?
I find it really strange that it happens that so many Bitcoin exchanges have their bank accounts closed.
Outside of the Bitcoin world, I find it very unusual to have a bank account closed, for a ...
22
votes
6answers
3k views
Is there a Bitcoin bank, which gives interest on my deposit?
Is there any Bitcoin bank I can place my Bitcoins in that will give me a decent interest rate. It should be at least 1% for it to be worth it.
11
votes
4answers
553 views
How would interest and fractional reserve work in a limited money supply?
Suppose Bitcoin lenders (banks, creditors, investors) issue loans with interest. As the total supply of Bitcoins approaches the 21M ceiling, the total amount owed in outstanding interest will exceed ...
0
votes
2answers
210 views
Are there any bitcoin banks (online services) and what are the benefits and pitfalls of using them? [duplicate]
Possible Duplicate:
Is there a solid "Bitcoin Bank" yet?
Say that I wish to control my bitcoins from a (for me) single point and I don't have the technical resources to have a ...
20
votes
5answers
1k views
What would a country adopting Bitcoins as official currency have to reinvent?
Let's say that a country decided to ditch their currency and go for Bitcoins. What would this country have to reinvent. The reason why I ask, is because I believe that if a tiny country was to adopt ...
9
votes
2answers
785 views
Is there a solid “Bitcoin Bank” yet?
Once MyBitcoin was thought to be a "solid bitcoin bank". Then it was hacked and a lot of people lost a lot of money there.
Is there another, secure alternative for storing Bitcoins except storing ...
