Quote from: botany on August 30, 2015, 05:34:16 AM

Quote from: HarHarHar9965 on August 28, 2015, 05:01:30 PM

Quote from: botany on August 27, 2015, 05:05:23 PM

Quote from: Miracal on August 27, 2015, 03:15:41 PM

Why would anyone keep bitcoins in a bank? The whole concept of bitcoin revolves around using peer-to-peer technology to operate with no central authority or banks. It eliminates the nasty charges and unnecessary money sucking procedures that banks carry out in the name of providing you a storage for your money. You're giving banks power and underestimating bitcoins if you're keeping them with banks. Disgrace!

One word - Interest.
Right now, there are no avenues for me to safely invest my bitcoins. If a bank started accepting bitcoin deposits and pays interest on them, I would be ready to give them a chance.

well then you should check out platforms which lend btc, there are many websites for that which can even provide you quick interest over your bitcoins. Some examples of such website would be btclend, btcpop, etc. Check them out, maybe you can check out and browse some deals, it is a profitable opportunity for businessmen and private investors. An example of a btc lending post: https://bitlendingclub.com/loan/browse/lid/17584/30-btc-for-30-days-3-64

You can't compare bank deposits with lending platforms such as btclend.
My expertise is not in determining creditworthiness of borrowers - that is why I outsource it to a bank.
Plus with my bank I know that my deposits (to some extent) are covered by insurance.

I think that it is easy to determine the credibility of borrowers, just simplify it with factors like how much popular they are, if they are popular in the community it is obviously because they have always returned their money on time along with interest. Such people with trust points are a better investment, I keep investing and also borrow. It has helped me tremendously and it actually is beneficial, don't be too pessimistic about it. Its a little risky, but there are thousands of people using such services everyday, they profit. You can too, sir