Post
Topic
Board Economics
Re: We, bitcoiners, should buy a bank
by
Silberman
on 29/12/2020, 19:17:02 UTC

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 goes against the principles and the ideology behind bitcoin, also it is not like banks are unregulated entities, the moment that was done you can be sure that all the security agencies of the world will put their full attention to that little bank and most likely the bank will lose its banking license, it is better to concentrate on what allows bitcoin to survive, and that is decentralization, it is way better to keep promoting the use of decentralized exchanges so they keep getting more volume than it is this idea of buying a bank.