Post
Topic
Board Economics
Re: Bitcoin Bank
by
Hamphser
on 01/10/2017, 09:41:34 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?

Bitcoin Bank, i think couldn't happen cause bitcoin base on blockchain & cryptocurremcy. Means no serial number like real currency, no limit transfer per-transaction, every address doesn't represent the person cause no one know who the owner hash address. If loan who can trace where from the transfered. Many issues can't make Bitcoin centralized on Bank. Even i still hoping someday bitcoin will become first cryptocurrency use on everyday needs.
Banks are for what? Considering that we do have lots of wallet which can be used to store up our bitcoin without the need of using those services.Its just a senseless thing to have a bitcoin bank.For what purpose? On securing giving you out some fix interest rate? Hell No. It would just still acts as traditional banks and they are making hell out of money from your bitcoins specially into its price inflations. Banks will only adopt blockchain technology for their future upgrades but i dont see a reason for bitcoins Banks to exist on the future.