Post
Topic
Board Bitcoin Discussion
Re: Banks and Bitcoin
by
redsn0w
on 11/04/2015, 07:23:21 UTC
they could earn by asking users to deposti bitcoin on their bank, and instead of playing with fiat they play with bitcoin(invest them) they in exchange will offer you interest on your deposit(like 2-3%) and security

Interests are paid on fiat deposits, because fiat is susceptible to inflation. It loses value every day. Inflation is not a problem with Bitcoin, as the monetary supply is limited. So there is no need to pay interests on BTC deposits.

i mean they pay you interest in fiat, not bitcoin, you lock your bitcoin in their bank and for this they will offer an annual interest

A bank for bitcoin is a "stupid" thing, we should consider our wallet as bank not the contrary. Bitcoin bring back the "ownership of money" without the use of a 'bank' so I'm sorry but banks and bitcoin will never can be possible and I will trust only my wallet for store my bitcoin. Here some interesting articles:

- http://www.thebitcoinsociety.org/it/content/bitcoin-beauty-trustless-transactions
- https://bitcoinmagazine.com/6630/trustless-bitcoin-anonymity-here-at-last/