Quote from: slocker on November 01, 2018, 07:34:58 AM

Quote from: tarball on October 31, 2018, 11:42:43 PM

What about a central bank of bitcoin? A bank that can loan you bitcoin (with interest of course) but because it is bitcoin, they cannot print money from nothing. Frankly, I like not banks either, however what I have said is much different than current banks.

This is interesting that you mentioned how will they "print" bitcoin. In paper money case that is easy they print it and back up with gold like in most of developed countries in the world. But what could they do with the crypto or bitcoin as example.Will they be forced to create some coin that will have for example constant price and that it cannot go up and down, hardy. Why cuz banks want more money if this somehow comes to see light of the day this wont be good in any scenario. Personally like the system as it is.

Lol, so how do you expect anyone to create a so called bank for cryptocurrency and starting giving loans on Bitcoin? Its only fool that can do that. If you try it youre never going to get back the money you loaned to people, cause scammers are going to use that opportunity to collect millions of dollars worth of Bitcoin as loans and escape with it. We dont even need banks, wallets are enough and there even wallets that offer you the same services as you would get in banks.