Post
Topic
Board Economics
Re: Bitcoin Bank
by
darthmaul
on 07/05/2017, 08:12:51 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.

I dont mind bitcoin bank too, I am well satisfied of the wallets we have the online and offline wallets. T!heir services is good enough for me, bank will just add up to our hassleness in life unlike what we have now just an email address and name are enough and also our anonymity will be erase to bitcoin's feature.

So you don't mind bitcoin banks but you think that banks will erase bitcoin anonymity.

How many times after how many "hacks" have people stated here that once you let a web wallet manage your bitcoins those are not yours anymore?
You like web wallets with no identification?
Then good luck proving that those were your bitcoins that got stolen and good luck getting them back.

You can't have anonymity with a wallet service /  bank and at the same time security.





HaHa . That is so much true buddy. I liked your correlation of bitcoin and its anonymity with wallet/bank services. That is very good assumption but when we put our money on those services we have our transaction confirmation isn't it? They can help us identify our money though. What about some services who provide us with few private keys without which the bitcoins can not be moved from our wallets. It provides security as well as proof of identity without any documents. However it is now ambiguous as some of them doesn't rely on private keys. Hope it will change the face of bitcoin soon by implementing some more identifier kind of widgets.  Cheesy