Quote from: DPrillio on August 19, 2018, 10:34:45 PM

Quote from: djgtr on August 19, 2018, 09:45:51 PM

Quote from: bit-emperor on February 10, 2017, 12:52:11 AM

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 ?

Everyone can build a bank into bitcoin. If I am going to build a bank too it will surely save my money and can beat the sving into high. People will surely loves saving in bitcoin because of the assurance that can give than the other.

Saving bitcoin is just like banking but is far to the definition and execution of banking system, there are exchanges that are acting like a bank by giving percentage of our deposited bitcoin, I think its good but additional risk is always there that is why I prefer to used my own wallet as my savings to reduce risk.

That was what I was thinking too. How is this much different from what exchanges do? They technically serve as banks, allowing users to make payments and transfer from one form of crypto to another, even fiat. Would a bank give interest on the coins? If so, where would that money come from? There wouldn't be a fractional reserve system now, would there?

Banks and bitcoin don't really add up. The function of bitcoin allows it to stand on its own without needing a bank to hold onto it. The people who use it should be able to keep it safely for themselves.