Post
Topic
Board Legal
Re: Why Banks are attacking Bitcoin ?
by
botany
on 03/02/2018, 22:04:26 UTC
Bitcoin is a conveyor machine, meaning that there are no liabilities or debts associated with it. You can't get loan from it , or you can't get profit through interest.  If you hold it, it’s yours. And as such, there can be no run on a “bitcoin bank.” It's Independent.

Exchanges are the new banks. You can even lend your bitcoins to margin traders and make small gains. There may not be any run on exchanges, but there is always the equivalent of a bank-robbery (hacking of an exchange).

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This may be construed as begging for merit. Not a good idea.