Post
Topic
Board Economics
Re: Bitcoin Bank
by
Zooplus
on 10/01/2018, 11:51:06 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?
There will be no area of verification for the bank loan of bitcoin, unless you give your wallet to them and the password to guarantee that you will lay. Likewise, bitcoins price is unstable, so how can they measure the interest rate for that.
Bitcoin is anonymous while bank impose to implement the KYC system.
If there is a bitcoin bank we should be following the law on the banking system and it will already defeat the purpose why bitcoin was created.