Quote from: sister1001 on January 10, 2018, 02:27:37 PM

Quote from: CuteBaby123 on January 09, 2018, 11:34:36 AM

Quote from: wobber on December 28, 2010, 02:10:58 PM

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.

Well, the fact that this coin is deflationary does not necessarily mean that you cannot get interest from it. However I would admit that the interest rate would need to be too high and not competitive with crappy fiat currencies.

Bitcoin is really a very sensitive issue because coin is generated because it does not want to go through 3rd party transactions and does not want anyone to be able to track those transactions. If the bitcoin bank exists then the bitcoin will also be managed as cash now, which inevitably causes investors to disagree.