Quote from: jaysabi on December 29, 2020, 08:09:31 PM

Quote from: countryfree on December 28, 2020, 11:56:09 PM

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.

Leaving aside the fact that no amount of bitcoiners could afford to buy Barclays or JP Morgan, as if that was even an option, you can't just buy a bank. Banking is one of the most highly regulated industries in the country, and for good reason. The concept that a bunch of neophytes can just "buy a bank" or would even be allowed to is crazy. Besides, wasn't the whole point of bitcoin supposed to be that you don't need a bank because of it?

I think in the same way, it seems that some people are losing sight of what bitcoin is about, assuming that somehow a bitcoin whale bought or created their own bank and a country gave a license for it, what are we actually going to achieve with that? We were already our own banks anyway, why do I need a bitcoin bank? To store my coins? No thanks I can do that by myself with very low chances of begin targeted by hackers since I do not have a lot of coins anyway, so when we think about it we do not get anything positive out of it.