I still see many people being puzzled by BTC, saying it's a bubble, that it's going to crash, etc...
Taking advantage of the huge price rise, I think some early believers should team and buy an existing bank. Not Barclays, nor JP Morgan of course, but there are small banks out there. Imagine a bank owned by bitcoiners, for bitcoiners. It would become an exchange, and it would be the best exchange in the world with the full ability to make Swift and SEPA transfers without the need to use the service of a third party.
It's pointless for a few reasons:
- At the moment you've to touch Fiat, there are licences, regulations and KYC.
- With banks, it's about the name, about the trust.
You could try to organize it and try it relatively cheaply with an Estonian online banking licence. Btw most of the crypto exchanges and "cyber-banks" already have it.