Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Bank - Safely store your bitcoin
by
naira
on 21/03/2024, 12:10:45 UTC
My idea would be to create a bank to safely store people's bitcoin and other crypto for people who just want to hold for a lot of time.
They would register with the passport or ID, it would cost 100 GBP + 1% to deposit and verify people's identities.
Then, to withdraw, it would take 3 months, they would have to show the passport and have a meeting via zoom once a month during 3 months stating they would want to withdraw, it would cost 300 USD plus 1% of the value.
It would compensate for people who want to hold for a lot of time without having security concerns.
I'm surprised because we come to Bitcoin to fulfill our freedom that is not given by other people, but when that freedom has been achieved by holding Bitcoin then we hand over control again to other parties? What is the point? There are still other options that do not burden us with additional costs, let alone months, just to access what is our right. The option you offer seems less effective for me personally, because having complete control teaches us to really look after it at all times, check Bitcoin at all times, use it if necessary. I am my own bank and have complete control over Bitcoin holdings.