Re: Insight: I used to think lending at interest was evil...
yes you're right. So the term "CCR" is incorrect when used for an account like this.
This method does let the customer choose the level of risk vs payback. A sliding scale between a storage/safekeeping and investment/returns.
Hehe, but how is this implemented? When push comes to shove, the customers with lower risk level get their funds back first?
It would be up to the bank what they keep in reserve to pay out the full amount on withdrawal.
Perhaps if all the accounts with corresponding bitcoin addresses was published a real CCR monitor system could be designed?
Perhaps if all the accounts with corresponding bitcoin addresses was published a real CCR monitor system could be designed?
What's the aim again here? You want to make auditable that banks keep the promised reserve ratio? Per account? I'm unsure I get the idea. Kinda confused, probably too much sun today
