Post
Topic
Board Economics
Re: Bitcoin Bank
by
RedX
on 06/05/2017, 01:53:25 UTC
Did anyone think at this? How would a bank work? How could you loan bitcoins and get interest for them in an economy with just 21 milion BTC limit?

As far as I know, we are the bank of our own bitcoin savings. And if there is someone will establish a bank, I won't entertain their
services anyway, because most bank I mean all banks are regulated industry and while bitcoin was not.


Right, our wallets are already used as our own bank. There are no difference with that. And why do you need a bitcoin bank when there's the usual bank to put all your savings? And I don't think the bank industry wouldn't that because imagine if a lot of people deposit a big chunk of bitcoin and then let's say after a month it's value tripled then those bitcoin bank would be bankrupt. I'm sure that an exchange in fiat for bitcoin will be an automatic features of those banks so sort of that things will  likely to happen.