Hi everyone,
I have an idea and I wanted to ask you if it makes sense… it’s a bit like a proof of ownership or proof of reserve for individuals/companies.
My vision is that “simply” owning Bitcoin will “soon” be an advantage and you will be able to obtain things without having to spend them. As an example, in France, when you apply for a loan to invest in a house, crypto-assets are not taken into account in your wealth… To help bitcoin owners getting advantage of their assets ownership, I was thinking of creating a platform where a user could declare its bitcoin address, the platform challenges the user to verify its claim and edit a certificate that could be “trusted” by third parties like banks.
This platform would allow any bitcoin users to “prove” to anyone that he actually owns some bitcoin. Of course, I know you can ask anyone to sign messages with keys and all but it’s not easy to understand/do for someone who is not into Bitcoin (especially banks).
Please, feel free to tell me my idea is stupid but try to explain to me why.
Proof of reserve or ownership is fine! But the major roadblock you are going to face here is the legitimacy of Bitcoin as an asset. Unless that specific country doesn't see Bitcoin as a legal tender, no banks will consider Bitcoin as a part of your net worth. That is just one scenario and I am sure there will be more.
Your vision is nice. But unless a legal framework is provided by the country, I don't see any reason for it to get considered by the registered financial organisations.