Post
Topic
Board Economics
Re: Build a Bank Of Bitcoin
by
snkneo
on 17/08/2018, 06:34:40 UTC
if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?

So let say you do start a Bitcoin bank, why would people trust you to hold their Bitcoins? After a person earns interest on their Bitcoins, how are you going to pay them after you get hacked and all the money the Bitcoins are stolen?

One of the biggest things that people repeat over and over in the crypto world is to never leave your crypto in an exchange, for obvious reasons. Why would a Bitcoin bank be different?