Post
Topic
Board Altcoin Discussion
Re: Bank of Crypto?
by
Pinkris128
on 01/11/2019, 16:07:46 UTC
Considering that most people nowadays often find it hard to store and protect their cryptocurrencies, it's best to delegate the responsibility to a middleman. A bank of crypto would fit the bill nicely, as people would be able to secure their cryptocurrencies without ever having to follow the necessary precautions to prevent hacks or theft. As long as the bank of crypto is highly regulated by the government, then it'll be here to stay for a long time. Still though, not everyone will agree to this as it greatly defeats the whole purpose of crypto and Blockchain technology. The idea of a bank providing crypto services would only prove to be viable for newcomers into cryptocurrency. People who're experienced in crypto, wouldn't need this in the first place.

Nonetheless, do you think that a Bank of Crypto will happen anytime soon? If so, why? Smiley

Cryptocurrency does not need a "bank" if you will going to ask me. I personally believe that it will defeat the purpose of decentralization of cryptocurrency if there will be a "Bank of Crypto". I do not also fully trust the government with anything with numbers because I experienced it first hand how dirty do some of its official works. Nevertheless, I believe that the use of block chain tech will help our society grow more.