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Title: BitCoin Bank Post by: JackH on May 30, 2011, 12:26:37 AM Banks were mostly established, especially in the USA because people needed to store their valuables in a safe place. That is, because the banks had big vaults with large metal doors that made it harder to steal.
Now one could imagine this would happen to bitcoins as some users would be able to claim that they knew how to securely store the bitcoins while others would succumb to such. Would be even more interesting to see how this would ever be mentioned to be regulated. ;D Title: Re: BitCoin Bank Post by: AntiVigilante on May 30, 2011, 12:32:10 AM Banks were mostly established, especially in the USA because people needed to store their valuables in a safe place. That is, because the banks had big vaults with large metal doors that made it harder to steal. Now one could imagine this would happen to bitcoins as some users would be able to claim that they knew how to securely store the bitcoins while others would succumb to such. Would be even more interesting to see how this would ever be mentioned to be regulated. ;D So let's double our information efforts. Your wallet is not encrypted. Encrypt it. That is all. You are your own bank. A credit union offers far more options than a bank. Title: Re: BitCoin Bank Post by: billyjoeallen on May 30, 2011, 03:49:20 AM A person who was good at evaluating credit risk and assigning appropriate interest rates could make a profitable savings and loan with zero fractional reserve lending. borrow at 3%, lend at 6%, be on the golf course by 3p.m.
Title: Re: BitCoin Bank Post by: AntiVigilante on May 30, 2011, 06:40:07 PM A person who was good at evaluating credit risk and assigning appropriate interest rates could make a profitable savings and loan with zero fractional reserve lending. borrow at 3%, lend at 6%, be on the golf course by 3p.m. And let peons play musical chairs with the debt. |