Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Banks Are Coming. Should That Make You Nervous?
by
jademaxsuy
on 12/11/2018, 06:09:00 UTC
This article on https://blockexplorer.com/news/bitcoin-banks-are-coming/ made me wonder... Bitcoin was designed to operate outside the banking system, right? It was created so that you don’t have to trust a bank or third-party. So how does it works if we get Bitcoin banks?
Well this will be same as storing your bitcoins in a hardware wallet but in a more secure way if you will going to give your bitcoin in a bitcoin bank if ever there will be. But, If I were going to choose I will not use bitcoin banks to stored bitcoin for it seems like it has more risk than you do it in your own.