Post
Topic
Board Economics
Topic OP
How will Bitcoin replace banks as far as loans and interest are concerned?
by
Pro_Crypto_Marty
on 14/05/2015, 22:03:44 UTC
Don't banks fill an important role by allowing people to take out loans and so increasing people's capacity to invest in their businesses, buy houses, etc? How will Bitcoin replace that role if there's no third-party to store people's money, deal out loans and charge and distribute interest?

I'm sure this has already been covered somewhere but I haven't come across the answer yet.