Post
Topic
Board Legal
Re: Why Banks are attacking Bitcoin ?
by
Don Pedro Dinero
on 04/02/2018, 13:09:30 UTC
No Liabilities or debt with BITCOIN:

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.

Although I agree with most of what you say, this first point is simply false. There are liabilities and debt with bitcoin. You don’t need to go very far to check it:

https://bitcointalk.org/index.php?board=65.0 (lending board)

You can also check casino investments, or freebitco.in giving a fixed 4% interest on your bitcoin.

A bank could perfectly give bitcoin loans and also pay interest.