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 think this is not the reason bitcoin was created. If bitcoin should have a bank the people will help you to store your bitcoin that means their is no different between bitcoin and fiat. One of the reason why we have bitcoin is for freedom, you having access to it whenever you want. You can bank your bitcoin yourself by hodling it with a non custodial wallet that is very reliable. Bitcoin is personal and have nothing to do with any other person.
I agree with that. What is the meaning of decentralization if you hand over your funds to a centralized entity to hold them for you when you can do that yourself? Bitcoin provides us with financial privacy, which means that we can store our money ourselves without involving any central authority or third-party because we have non-custodial wallets where you hold your keys, phrases, and everything important.
Besides, if there is a Bitcoin bank and you keep your funds with them, you will need to declare and explain everything you do with your Bitcoin. You make a deposit, you are asked about the source, you ask for a withdrawal, you are asked for a reason, and why would one want to go through all that if they can avoid them by storing them with themselves?