Bitcoin Forum

This is Satoshi Nakamoto's dream. He wanted to give each person their own bank in hand.
He wanted to save people from the problems of trusting third parties. And most certainly, he did not want your assets to be seized by the decision of state authorities or that you would have tax liabilities in case the price of the asset increased. The assets were seized by the decision of government authorities or so that you have tax liabilities in the event that the price of the asset increases.
Imagine a Bank that has no management and administration. All these functions are performed by the smart contract program. Anyone who wants to connect to the bank becomes its co-owner. You can place your financial assets as authorized capital in the form of a deposit on your bank account. The bank guarantees the preservation of financial assets by issuing you an equivalent value (smart contract tokens). The bank accumulates financial assets of all co-owners and accrues income for the placement of funds. You can earn by helping others to become co-owners of this bank by providing an opportunity to connect to the bank. You can always get your asset back at any time by returning its guarantees (smart contract tokens) to the bank.                                                                    
I propose to consider a platform project    in which I used the principle of preserving any financial assets through the ETHEREUM cryptocurrency or similar, in which a smart contract can be used. The platform allows all ETHEREUM holders, when connected to it, not only to save their assets, but also to multiply them. There is nothing new in my project, everything I offer has already been partially used by someone in their projects before. For example, the developers of the BAEX token use a smart contract with parameters similar to my idea, which I published back in 2019. They tied their project to the existing fiat financial system of Decentralized Finance (DeFi), which is based on a monetary system focused on “Stable Coins”, which has an administrative management based on the value of the dollar exchange rate, and which is subject to the risks of losing financial assets with large and sharp volatility of ETH.
I took into account all these fundamental mistakes in my project. The cryptobank, created on the basis of a smart contract, converts ethereum financial assets into liquid tokens that cannot be devalued under any circumstances. Each of their owners paid certain funds for refractory gold tokens-bonds of the cryptobank, so they have their own value, the same as bitcoin, unlike it, this price cannot be less than the cost of acquisition and it is impossible to create them in any other way. The maximum number of fireproof tokens cannot exceed 10 million, and, unlike Bitcoin, their value cannot be devalued, since it is not tied to the fiat exchange rate, but is measured by the quantitative content of ETH. This is the main reason that makes me continue this project, and so far no one has been able to refute it. The project is really complex and large-scale, I am ready to communicate with any analysts, developers who are able to help implement or refute this idea. (http://prosh.info/smart_eng.html)

Something here is not quite clear to me? If I am a co-owner, then I can manage not only my own assets, but also the assets of the bank itself, and thus influence the financial policy of the bank, right?

It might be fair to say governments of the world hold monopolies over fiat currency. Which could be improved by introducing free market competition to the equation. The venezuelan bolivar and zimbabwe dollar could be better managed, and appreciate in value. If there were competing currencies incentivizing regulators to do a better job.

Many mistakenly classify bitcoin and crypto as attacks or attempts to subvert government authority. The motives of Satoshi and crypto developers are not negative. They merely offer alternative options with the potential to grant people more opportunities in life and more freedom.

If big tech monopolies like facebook and google are negative trends. Perhaps government run monopolies of fiat may be categorized similarly. In which case bitcoin and crypto could represent progress and an improvement over traditional modes of banking and finance.

Theoretically there are competing currencies, as there are different countries with different currencies. Peopple could just move to a better country, or a country where politicians do what they would like. "Vote with your feet".

But the costs of moving to another country are so high that people often do not move just because the government is doing a terrible job.

When people really that the government is really fucking up it is usually too late. For example, Venezuelans cannot move now, because their economies are worthless, as their currency is no longer accepted anywhere due to inflation.

Such bank will have to compatible with crypto ideals like decentralization and self custody. It should work more like Uniswap (and better) so we don't hand them too much of our money/power/control which can affect a well decentralized network if you don't regulate the bank properly with the decentralized network rules. Besides, you have to make sure that the decentralized bank you put your money in don't use PoS or other Consensus mechanism to make it hard for you to participate in full consensus/governance... by making people with large amount of stake or miners to determine the consensus or future direction of the bank

Central banks are usually owned by the country they operate in. If the would start selling shares to the public and try to become a public company, that would be nice. Personally I would definitely invest in a central bank. Their funding comes from the government and their loans to commercial banks are usually backed by the government as well. It's a pretty solid business model with a lot of government guarantees. A great way to make money for the owners.

I wonder who blocks and unblock the coin, and what condition does the account owner have to meet before his/her coin is unblocked...

I prefer a setup where the account owner has complete control over his/her fund, even when the account is attached to the bank/smart-contract. The smart contract could only be executing pre-programmed contract, like paying of interest into the account, deduction of fee from the account, etc at certain times after tasks have been performed.

There are parts that bitcoin lacks direly that we can't have without banks, so Satoshi didn't want you to be your own bank, satoshi probably wanted you to be your own vault instead, that would be a better example. Banks are there to help you buy stocks, sell your stocks, get a loan, repay loan, have credit card work as a ledger for your spending, go anywhere without carrying that money, and many many other stuff that you could do with banks.

Moreover crypto is not like that, crypto is the dollars you have in your bank account, not the bank itself, the difference is bitcoin is digital, the money in your bank can turn into cash and can hold in your hands, aside from that banks have nothing in common with crypto, only dollars have things with crypto. And satoshi would love to see how we all invest into centralized team oriented new crypto projects...

Theoretically, the smart contract is open-source and someone (a third party) will audit it before you send any ETH.

Let's suppose you made an agreement that you will receive 1% interest rate per month, and the full money after 12 months. The smartcontract will arrange that, locking both funds (yours and the 1% payer). If for some reason one of parts do not fulfil the agreement, the smartcontract will deal with it according to rules defined in it.


That is exactly what he is talking about AFAIK.


I think the post is misleading. The only way to become a co-owner of a bank is by buying stocks. Anyone can already do that.
What the OP is suggesting is that you give money to his smartcontract and receive some interest back.

There are no guarantees, as the smartcontract was not audited.

For some minutes I looked at the thread topic as meaning co-owning the world bank but reading the discuss , I see it to relate to the creation by bitcoin founder satoshi. Giving everybody independence to have their money by themselves is indeed a good creation for the world and making government lesser financial controller.

These are the keywords decentralization and digital bank - this is the main thing in which anyone can place their financial assets without fear of devaluation, and the more assets there are in the bank, the higher the shares of each shareholder. It can be either a private person or any bank, fund, insurance company, etc. read the project and see for yourself.
An excerpt from the project. http://prosh.info/smart_eng.html
An increase in the ETH deposit stored in the bank's depository (at the addresses of the owners) increases the cost of the smart contract token and at the same time forms a deficit in ETH turnover in the network and, accordingly, affects its value. The growth in the cost of ETH stimulates miners to mine ETH, and the additional emission does not affect the decrease in the price of ETH, as the demand for purchasing ETH and placing it in deposit will increase. With the increase in the volume of the ETH deposit, the growth of the ETH-WORLD price will gradually slow down due to the fact that more and more ETH will be required to generate the next million tokens. In the future, the price increase will depend only on the increase in ETH emission due to mining, which is about 10 percent per year. The growth of the ETH deposit will lead to an increase in its value and thereby make it attractive for investments, therefore, it will increase the inflow of financial assets into ETH, which will not only be reliably preserved, but also multiplied by the positive dynamics of ETH-WORLD growth.

You are absolutely right in this project there are no regulators; the only regulator is the financial assets of your deposits.
An excerpt from the project.http://prosh.info/smart_eng.html
When creating this project, I did not initially set myself the task of repeating BITCOIN or something similar. I was looking for solutions to preserve financial assets in crypto currency. With any volatility in ETH, the ETH-WORLD asset grows. The maximum deposit volume, I suppose, will issue 80-85 million ETH-WORLD smart contract tokens, which means there are only 8-8.5 million free tokens, while the smart contract deposit volume will be only 50-60% of the total amount of all ETH.

39. Free ETH-WORLD tokens not encumbered with an ETH deposit is an asset produced by capitalizing the entire deposit of a smart contract. This coin, minted with the entire amount of ETH of the smart contract that passed through the deposit, may be Phoenix.

40. To implement the project, it will be necessary to create a smart contract with the parameters described above, enabling ETH holders to implement unique conditions for lending cryptocurrency, and make money by placing financial assets in cryptocurrency without fear of losses. Whoever is the first to implement the conditions of the project will become the leader of the new economic system.

Economies and currencies fall under the control of central banking networks. The united states has the federal reserve. Venezuela has their own central bank. There are networks of them in every country. They communicate and cooperate to determine economic and financial policy on a global scale. Central banks in europe and asia normally follow policies identical to central banks in north and south america. Moving from one country to another isn't an escape. Its more of the same.

Independent currencies which fall outside central bank jurisdiction could be what is needed to raise standards.

I'm no fan of facebook or Mark Zuckenberg. But have to admit his libra coin had the potential to introduce needed competition into global currency markets.

I absolutely agree with you, that's why I suggested a non-controlled version of the Central Bank in which financial assets that do not depend on anyone can accumulate. The project is implemented on a smart contract that performs the function of the FRS-OOS regulating the emission and volatility of the free circulation of Ethereum in the blockchain network.

What Satoshi wanted was not for us to co-own a bank or a world bank. Satoshi wanted each one of us to be our own independent banks. That means there are no more banks which are operating on behalf of someone else's fund or money. The banks that we know of today are managing people's funds, keeping them, making money out of them, and sometimes withholding them from the owners themselves as if they have the authority to give them back or not.

I don't like to become a co-owner of any bank. I just want to be my own bank.

That's right, all the co-owners of the Central Bank are the owners of their own banks, the Central Bank only controls the total volume of the deposit and the issue of tokens. You do not transfer your ETH to anyone, it is always located at your address in the smart contract

I believe that in the future when technology develops in a different position, we can take advantage of everything that you want me to be right. Not sure about this, but I think in the future focus factors will be gradually phased out, and i think BANK is just the past, and then we will have a new concept to call this. Decentralization is absolutely fine which doesn't need to be debated, but the thing is, we need time, looking back to what we built this market after a while, what we have ?, I think If we are still in need of a broader acceptance then we will look forward to what you mentioned.

That is right. All of us are co-owners of bitcoin, without any central authorities and regulators behind it and actually this co-owner expression is interesting because at same time I'm in control of bitcoin and my own money I also need you and everybody else on the same level to make bitcoin worthful and usable. Then we are co-owners working co-operatively so everyone can be benefited in the end.
I'm glad people can have this so dreamed independency nowadays due to internet, crypto currency, bitcoin, decentralization and of course, Satoshi Nakamoto.

Looking back is pulling the past with you. A fundamentally new look and approach is needed. A new economic policy is needed that is not based on the Fiat rate, it is necessary that Fiat is determined by the rate of a cryptocurrency that is not subject to centralization and someone's control, as is now happening in the DAO.
The fact that the DAO community manages all of their derivatives from Ethereum and can either nullify or block any tokens they create. In my project, ETH-WORLD tokens do not have control at all and under no circumstances can depreciate. In turn, they influence and manage volatility and ultimately the emission and price of Ethereum itself on the blockchain network.

The true essence why this system was created. Imagine you are the one who's hanlding everything and there's no need for institutional banks or any governmetn interfere. We all dreamed of the success and co owners of this system, we are already seeing developments
and many adoptions sooner or later everything will be fall in place.

Bitcoin was a boom and many a money decentralized one. The price of product is now based on the demand of that product. Previously it's fixed by the government. This is the impact of the capitalisation. So the emerged of bitcoin make the financial institution as decentralized one.

Who is in charge of the distribution of the tokens, when it is time to pay it out to the shareholders? The primary income of a Bank comes from loans (House/Car/Personal loans and tx fees etc.)

What happens when the price of the tokens crash? Will some centralized authority be in charge to "withdraw" the investment to recover losses for the investor or are you locked into a fixed investment period for this investment?

I want to be in charge of the decisions to bail out of any investment option, if something goes wrong with that investment option. (Even if I have to sell at a loss) ... something like this locks you into a unbreakable contract.  ::)

I think your understanding about what Satoshi Nakamoto dreams, was very literal for you. Because, if you are just an ordinary person its not possible for me to become a co-owner of the world bank. You know why? due to if some of the tycoon businessman in the entire world can't achieve that position(co-owner of the world bank) how much more the people who are not a tycoon businessman like Bill gates, Rick warren, and other's, isn't?

I respect Satoshi's wish, but it is completely impossible.  Imagine that the manipulative institutions hold the most Bitcoin and they will again find the weak point of decentralized banking to make money. Then there will be many economic conflicts and when no one can control it, the world will be very vulnerable to turmoil.  Besides, Smart contract cannot guarantee the borrowing problem, so it is easy to create holes to see money escape. So the central bank is not a good solution at the moment.

Working for a money tending entity does not equate to earning those monies as well. That being said, I'm not so sure you got Satoshi's vision correctly. He wanted to create a platform that allows people to not be controlled by banks. And that includes enjoying features solely limited to banking institutions. That doesn't necessarily mean that you get to be a co-owner of a bank.

A co-owner of world bank?
I think this is difficult to do. The bank system is now using blockchain technology, yes that is true. BUt about the relation t the crypto, it is still a competitor moreover about the DeFi projects.

Being a co-owner of a bank is absolutely not easy, we must have the knowledge and also experience about it in order to make certain decisions, program, and also decision that is fairly wise and careful.
And in this case, we can really see how the bank system actually runs if we know the truth

I developed a platform project in which I used the principle of preserving any financial assets through the ETHEREUM cryptocurrency. This platform allows all ETHEREUM holders, when connecting to it, not only to save their assets, but also to increase them. This principle has not been applied anywhere before.

An excerpt from the project. http://prosh.ru/smartcontract.html
The project completely lacks any regulator. The main advantage of the project is that ETH owners manage their financial assets without sending them anywhere other than their addresses connected to the smart contract, or only for the necessary initial connection, and also if they only need ETH-WORLD tokens.

No dude, I think you're having a misinterpretation of what OP said. OP want us to imagine using a bank (which is the blockchain technology in this case) that is free to access for all. No third party which will handle our assets (crypto in this case), no restrictions, no manipulations happening. Honestly, I'm still a little bit confused but that's my own understanding ;D. But one thing is for sure, he is not pertaining to a central bank or alike.

On the other hand, if your is right then I will agree. Like the old saying, greater power comes with great responsibility. Being a a co-owner sounds good but I can feel that I will age faster having such kind of job lol.

You are right, everyone who connects to the smart contract opens his own bank and manages it himself. Cryptobank only sums up all assets and, depending on the amount, calculates the issue of tokens. Cryptobank is only a program that forms the amount of token emission and manages the addresses of deposits connected to it.

This is entirely unworkable as a bank. A bank with no central management will fail. Banks make money by lending depositor assets and collecting more money when the loans are paid back. This necessitates a central administration to vet investment plans by people seeking loans and assessing the viability of those plans so the borrower has the ability to pay back the loan.  What is described above, where people just invest money and magically make more money because “smart contracts” is not a bank, it’s a Ponzi scheme.

If you want to be a part owner of a bank, join a credit union. They’re owned by the members and they actually function as a bank WITH a central administration, which again is necessary.

This is a credit union that brings together the financial assets of co-owners. Read the project and a lot will become clear to you.
An excerpt from the project. http://prosh.ru/smartcontract.html
ETH-WORLD tokens are very attractive for the bank as they are secured and have constant growth and cannot be devalued. The bank can issue an interest-free perpetual loan secured by the client's ETH-WORLD (Islamic version of lending), although there may be other conditions. The bank does not have access to the client's ETH deposit, and in case of non-repayment of the loan, it can only sell smart contract tokens, and ETH will remain in the deposit blocked at the address (account) assigned to the client. Such an insurance scheme against losses in case of ETH volatility is very interesting and can attract a large number of ETH holders, which in turn will increase the total ETH deposit and, accordingly, the cost of ETH-WORLD tokens.

We understand what bitcoin and blockchain could mean for everyone, the starting point of bitcoin had a slogan of "banking the bankless" as well, the whole world becomes connected to each other via blockchain and you do not need banks for it, anyone can pay anyone else all around the world any amount they want, bitcoin could be expensive for transactions these days but early days of bitcoin or altcoins of today could still mean you could send 1 cent to someone if you want to, try to imagine doing that with any other method, you won't be able to.

However this is not only thing that bitcoin brings anymore. We are in an investment situation where putting money into bitcoin could mean you could profit and make money, which is what people are using bitcoin for these days.

There are a lot of scammers in crypto so you have to choose the right project and keep the resources safe. But owning the world is not a very difficult task is possible to build your own organization if you have good knowledge and skills about banking. Trade liberalization is the most controversial aspect of globalization many feel that this leads to lower wages, rising unemployment and the threat of losing national sovereignty the effects of which far outweigh the potential benefits. But now everything is improving through blockchain technology.

Critically looking at his path compared and contrast with the activities that are been carried out on smart contract with altcoins, I wouldn't think his culture is been respected.
There were many news and times were USDT custodian were confiscating users fund due to their actions and activities unknown to the public. There were many times team change smart contracts once the system doesn't really favour their plans, this is why bitcoin is so different and unique in many ways with altcoins ( shitcoins are even worse to begin with).
Bitcoin has unbanked some many countries who really lack access to banking system. The last peaceful protest in my country is example, donation were made through bitcoin making them thier on Bank since central Bank decided to confiscated their account.

[цитaтa aвтop=uneng link=topic=5264440.msg55573605#msg55573605 date=1605156849] [цитaтa aвтop=VictorProsh link=topic=5264440.msg54864983#msg54864983 date=1595643879] Этo мeчтa Caтocи Haкaмoтo. Oн xoтeл дaть кaждoмy чeлoвeкy cвoй coбcтвeнный бaнк в pyкax. [/quote] Bepнo. Bce мы являeмcя coвлaдeльцaми биткoинa, бeз кaкиx-либo цeнтpaльныx opгaнoв влacти и peгyлиpyющиx opгaнoв, и нa caмoм дeлe этo выpaжeниe coвлaдeльцa интepecнo, пoтoмy чтo в тo жe вpeмя я кoнтpoлиpyю биткoин и cвoи coбcтвeнныe дeньги. Mнe тaкжe нyжны вы и вce ocтaльныe нa тoм жe ypoвнe, чтoбы cдeлaть биткoин дocтoйным и пpигoдным для иcпoльзoвaния. Toгдa мы являeмcя coвлaдeльцaми, paбoтaющими coвмecтнo, чтoбы в кoнцe кoнцoв кaждый мoг извлeчь выгoдy. Я paд, чтo люди мoгyт имeть этy нeзaвиcимocть, o кoтopoй тaк мeчтaли в нacтoящee вpeмя из-зa Интepнeтa, кpиптoвaлюты, биткoинa, дeцeнтpaлизaции и, кoнeчнo жe, Caтoши Haкaмoтo. [/quote]
It is absolutely true that if you do not dream, then life will not change.

Regardless of the wealth and the power you may get once you became a co-owner of a world bank, there are a lot of responsibilities you need to consider before celebrating. Just by hearing the word "world" bank, it already sounds complicated and would require a lot of work. Bitcoin and crypto might have made it possible for everyone to have their own financial freedom yet it is nothing compared to handling a world bank or even a regular bank. In crypto, you are more likely handling your own account in a bank and you have no power over other individuals accounts.

anyone wants to be in that position because both being a co-owner and making a profit become a person that many people know, if I could wish for something I would also like to be one of the co-owners. Having a big central bank, and not only having your own financial freedom, is great, isn't it?

You are right, indirectly, each co-owner of a crypto bank influences the financial policy of the bank itself with his deposit and the connection of those who want to become co-owners, thereby increasing the total capitalization of the financial asset.

The central bank belongs to the government, maybe we can only be owners of private banks, but by owning a bank of course we must have large capital, this is the dream of many people so that by having a bank we can get profit and of course advance the economy of many people.

In a decentralized cryptocurrency world, there is no government and therefore all banks are equal in it, anyone can be both the owner and co-owner of a bank.

It's a very cool concept. If implemented, it would change the world's public perception of money and digital assets forever.

this is quite good and indeed I am also one of the people who really support and respect satoshi.
 but in this case I think it will be difficult because if we talk about this bank system it will be out of sync with the existence of bitcoin here it is clear with blockchain which is in it there is a decentralized system which is clear from the beginning of the formation of bitcoin it has been like that, and this is contrary to The bank system that they do is in a centralized system which here must be really managed so that it can run well because if there is no good management in the bank this will not work and will even tend to suffer losses.
and if you mean by saying this to be able to become one of the owners of this world bank I think it is very difficult because here, especially in bitcoin, the system is decentralized and if you make a transaction, it means that there is definitely no third party in it and will only leave proof of the transaction and this already contrary to the banking system which is indeed centralized

Well I do think that people do not realize the fact that, cryptocurrencies and other things cannot function without fiat, right now we are in a system where we trade and take care of things in exchange for any fiat and at the same time it's helping many countries and people establish jobs, businesses, giving them more investment opportunities, therefore if the government tries to integrate themselves with the system they might very easily get rid of corruption since everyone will be able to track the records and at the same time, people would also have some power, that will be much like real democracy.

It does not only represent progress and improvement but also represents respect for individual financial authority and privacy that needs to be respected big time now.

So basically what you call a bank is an issuer of tokens that are equivalent in value to the assets you put into it. I do not clearly see how that makes you a co-owner of that bank. Also, I do not understand how are the economic assets going to be assessed for value against that of the existing tokens. I also do not get clearly if you are pretending to have a stable coin and how those tokens will always preserve their value when the underling assets will change relative to each other and relative to others in the market.

Too much unclear stuff here.

Well, it is true but base on what I understand, OP trying to figure out about the asset that we have full control of, just like a central bank -- we are free to do our money and it will grow more than what we invested as long as in the right time. I understand it correctly but I think this is not what Satoshi Nakamoto wants, people now are most commonly hoarding bitcoin to keep the value and store it in their wallets and hoping they will earn profit more than what they invested. To have full control of you asset is really a good decision and yes, it sounds you have or become a co-owner of the bank.

Very good questions in fact.
Let's figure out what a crypto bank and a stablecoin are.
In my project, a depository bank is a smart contract for accumulating financial assets in cryptocurrency that you invest in it, thereby increasing its total capitalization and receiving issued stablecoins in exchange, in addition, you get the opportunity to connect others to the bank and receive additional income for this. The newly connected ones, also investing their assets, increase the capitalization and the cost of stable coins, which is beneficial to all co-owners of the crypto bank
38. Replacing the turnover of ETH in the blockchain network, its financial equivalent Stablecoins becomes a reliable settlement coin between counterparties, since its value cannot be devalued, but can only increase. This is really Stablecoins produced by a real financial asset placed in Ethereum.
39. Stablecoins replacing ETH is guaranteed to carry its quantitative content and participates in the turnover of calculations in its place. Stablecoins unencumbered by an ETH deposit, non-combustible Stablecoins coins are formed by the total capitalization of the entire deposit, the value of which can only be increased by the quantitative content of the ETH deposit, the number of non-combustible Stablecoins cannot exceed 10% of the maximum value of the Stablecoins issue.
40. Stablecoins, not related to the deposit, is the total income paid in the form of remuneration for the storage of all funds invested in the ETH deposit to all deposit holders in equal shares "in the form of a return of part of the authorized capital", the cost of which depends on the amount and time of storage. They are formed due to the difference in the entry price to the smart contract between the co-owners of the crypto bank, the owners of the deposit.
http://prosh.info/smart_eng.html

It is possible to be a member of the World Bank but it is quite difficult for the public to get a rank in a big rank. However, no task is impossible. As you work, you will see that hard work will lead you to the pinnacle of improvement.

[/quote]
Something here is not quite clear to me? If I am a co-owner, then I can manage not only my own assets, but also the assets of the bank itself, and thus influence the financial policy of the bank, right?
[/quote]


Absolutely right!
By increasing your assets, you increase the total balance of the crypto bank (authorized capital), and this in turn increases the value of all holders of shares of the crypto bank (ETH-WORLD tokens), in addition, by helping those wishing to become co-owners of the crypto bank, you have a positive impact on the financial policy of the bank.

http://prosh.info/smart_eng.html

Anyone certainly wants to have financial freedom, by having their own bank it will be easy for us to control our money, the presence of crypto is to make anyone able to fully control money without the need for third party assistance such as bank services.

This is not sounding more appropriate in general or at least for me. Because we are just participating in bitcoin ecosystem and it got nothing to do becoming one of the owner of system but we are just owning some equivalent units based on the amount of our investments. Moreover in my opinion none could own the bitcoin ecosystem neither fully nor partially.

I think you're not considering the volatile nature of bitcoin markets because we are not guaranteed getting our investments intact but it may be higher or lower based on market fluctuations and it is more likely how usual stock market is working hence this is not new due to bitcoins.

Thank you for evaluating the concept, you are one of the few who saw the essence of my project. After the launch of the crypto bank, the world perception of money and digital assets will really change.
It is a pity that I cannot reach out to those who are able to help me realize this idea.

What Satoshi created and the developers of the cryptocurrency is not negative. They are merely offering alternatives with the potential to give people more opportunities in life and more freedom. Personally, I would definitely invest 70% of my use in a central bank. Because their capital comes from the government and their loans are safer and more reliable, this is a pretty solid and secure business in the long run. I will use 30% of my account to buy BTC and definitely only choose BTC for long-term investment because this is a coin that is considered worthless in the future, holding it for a long time will bring very profit big for me.

The project is precisely focused on market instability. The larger the drop in ETH, the more people who want to insure their financial assets in the deposit, and thus the price of ETH-WORLD tokens increases even more. ETH holders who have insured their deposit will begin to repay the loan to the bank as soon as it becomes profitable for them when the price of ETH rises.

if I am one of the rich people and one of the owners of big banks in the world and I hold the whole government as well as bitcoin is in me and I have big holdings of Bitcoin in short I am one of the rich people who hold now  of bitcoin in fact I will not miss it I will do everything decentralized crypto and I will accept any crypto so that bitcoin currencies can easily enter and it will not be difficult to do whatever you want with a bitcoin crypto ..

I am a co-owner of many banks already. Firstly of many commercial banks due to index investing - I do not even know which banks I own bits of at this moment! And, as a fiscal resident of a certain jurisdiction I do have a stake in all international organizations in which this country participates, thus, you can argue that I have some degree of control.

Now, if you think this argument is silly, so it is owning a part of a World Bank when you do not actually have significant assets, which, for this case, would only make sense if they are in the billions. Else, you have a stake on something that some else manages for his own benefit.

Even if I am not alone and we are not the richest but ordinary people in a decentralized crypto economy, we can become co-owners of a global crypto bank, which is absolutely impossible in a centralized Fiat economy.
http://prosh.info/smart_eng.html

Why just co owner, the Satoshi Nakamoto seems to have given us opportunity to become owner of your bank. The co owner stuff does not even exist in the Satoshi dictionary and it is also proven all the way through a decade of time now. I think we should break to the discussion that you can be your own bank or co owner of the bank because we are already one when we bought the very first crypto currency using the Fiat. So let’s just consider that I can freely trade this coin, sell it, buy more, send any amount and receive any amount. I think that’s end of all. What else do we need to control anyways?

True, you can freely trade your cryptocurrency, but if you have a guarantee that tomorrow your asset will not turn into zero if the main holders of the asset decide to fix their profits.

I agree with you on this, but here's the question, no matter how far-sighted and hardworking you are, you are not able to influence the existing financial system based on the principle of earning income at the expense of losing others, in my project everyone gets their income from investing, and the more everyone individually increases their fortune, the more profitable it becomes for everyone, although not everyone can understand this.

I get what you’re trying to say but the way you have put it makes it to be misunderstood. There is nothing like being a co-owner here. Everyone is on their own, and there is not even someone that can be said to be the owner, not to talk of having co-owners, even Satoshi himself is not the owner, he’s simply the founder of the platform.

Here the only thing that you’re controlling is your wealth, and the good part of it is that no other person controls it for you, the whole power is in your hands to do with your wealth however it pleases you to do with it. No one is going to query for any decision that you decides to make here. Unlike the bank where everything is being monitored and once they notice any activities that seems suspicious to them, they can decide to your lock your account. Bitcoin is just total freedom, no form of control.

Ofcourse, who doesn't want to be in that position, to be a co-owner of the biggest and secured building in your country. Well, it turns out that it's so easy to wish but we don't really know what's the burden being in that very position and the stress you have to go through just make the country's economy run. And also we can be in that position if we wanted to, but the real question is, do we have what it takes to sit in that position? I mean the background and knowledge.
But now, because of Satoshi Nakamoto, we can be the owner of our own bank because we have our own wallets that serve as our own private bank.

That's right, you are one of the few who understood the essence of the project, where each individually managing his asset has a positive effect on the total income of all co-owners of the crypto bank, and no one can reduce or devalue this income.
http://prosh.info/smart_eng.html

the motto of Bitcoin since it was first released by satoshi is "be your own bank", the purpose of Bitcoin is so that humans can be separated from the third party that has been gnawing that is bank. thank you satoshi for the bitcoin you created.

Honestly, I don't understand what you mean? 

OP is right, in a world where bank exist, you don't fully own your money. A good example is that some of the Russians, their accounts are freeze in the worst case, seized. Now if you have a private key, and your money is on BTC, truly you are the one who manages it,  because no banks would ever be able to freeze and seize it, the decision is only to you yourself.

I was also thinking something like this. Community don't own it by its driven by community. I think that was the real purpose of creating bitcoin. Creating democracy in our financial system not the rule of a single authority. No authority can force or ask you to do something with your wealth. You have total control which makes you a bank of your own money.

You got the idea right, in his pursuit for this, he developed a peer to peer means for transactions in which we all enjoy now, lower transaction charges and no crossboarder yoke of in terms of delay and cost of transaction made, no KYC, maximum security and privacy guaranteed, we can be rest assured if 0.9 btc is in ones account, such amount remains uncompromised in your address for as long as you wish. What better definition of freedom could be other than this.

Bitcoin has given me the right to manage the bank in my own hands without the need for a central authority, so we have it now.
Satoshi's idea to decentralize the financial system has so far been very successful and we have enjoyed it immensely for over a decade. I personally can't afford to be a physical bank owner, but with bitcoin I think things can be managed well.

everyone wants the assets he has to be patented without any government intervention and this we get bitcoin every planning and rules how we use it because the desatralization system is our own private bank and this will always run if in my country it doesn't prohibit bitcoin and  another

A decentralized Bank cannot belong to any country, it can belong only to its co-owners and is managed by all owners. The platform allows all ETHEREUM holders, when connected to it, not only to save their assets, but also to multiply them.

Good question. Etherium is blocked in your cell (account) in the smart contract, this is the address of your wallet. In order for etherium to become available to you, an appropriate number of contract tokens from any other address must be sent to this address. By unlocking ETH in a smart contract, the bond tokens are extinguished and burned, while an identical clone of the new smart contract is formed with the address of the next co-owner of the crypto bank. Deposits of all clones of individual smart contracts are summed up and taken into account in the generation of the total issue of tokens–bonds.

Of course it is a good offer to become a co-owner of a world bank, as we know that the position of co-owner of a world bank is the dream of many people and I hope to become a co-owner of a world bank, of course it takes experience and access. tough to become a co-owner of a world bank, and in life I have to be realistic to live life.

Closest you can go is open bank account in Nationalise bank which are run by the governments of respective countries. There is no possible way to be part of the bank and stay worry free as your assets are completely. Though Nationalise banks are somewhat safe and are doom proof they also cant gaurantee safety and security of our funds in emergency situation. My point is, take example of Russia. When war broke out and sanctions were imposed they had slow cash flow and slowly economy went down so much as it became hard to get cash from the bank. Now that's the drawback side of national and private banks. The person whose free is the country's leader whose sending those orders. Lolz. Thats why Satoshi made it clear, be free and be your own banker through his ever green bitcoin project.

Become a co-owner of a world bank high qualifications are needed, the current economic challenges are very difficult, the inflation rate continues to increase and makes economic growth very slow, the most important thing from co-owner of a world bank is to be able to determine policies that are profitable for companies so that they can survive in difficult economic conditions.

Do you think the average Joe (Public) are ready for the complexity of managing Smart contracts? The whole goal is to bypass any intermediary or third party and to be "Your own Bank" as an individual.

The complexity of projects like this will necessitate that centralized 3rd parties will have to get involved to assist these people and that voids the whole... "Be your own Bank" idea.

If the Software developers can simplify this process into say a 3 step procedure... projects like this will work. Do you think it is possible to reduce the steps to make it "idiot" proof?

Let's first figure out what a World Bank is. This is a bank in which there is no management and administration. All these functions are performed by the smart contract program. Anyone who wants to connect to the bank becomes its co-owner. You can place your financial assets as authorized capital in the form of a deposit to your bank account. The Bank guarantees the safety of financial assets by giving you an equivalent value (smart contract tokens). The Bank accumulates the financial assets of all co-owners and accrues income for the placement of funds. You can earn money by helping others become co-owners of this bank by providing the opportunity to connect to the bank. You can always return your asset at any time by returning its guarantees (smart contract tokens) to the bank.
Now the main thing is that investments transforming into a decentralized financial liquid asset of tokens-bonds tend to grow and under no circumstances can be frozen, zeroed-devalued, there is the possibility of direct placement of any Fiat in a decentralized crypto economy through the crypto currency Ethereum. Investing and lending software secured by token bonds will become very profitable and safe. Tokens-bonds produced by a real financial asset replacing the turnover of ETH in the deposit becomes a reliable settlement coin between counterparties.

What is the main problem you want to solve with this? What makes you think more problems won't be created trying to solve the problem.

Do you have examples of assets that do not or will not lose value?

Your idea is very interesting though

Give me some time to go through your work and understand exactly what it's about.
Are you a programmer?

My project was developed to show that you don't need to reinvent the wheel, you just need to look at the problem from the other side. Why does ETH have unlimited volatility, what does it depend on and is it possible to manage it? Yes, it is possible, you just need to create conditions under which it will be beneficial for everyone to participate in the management of this. Management consists in creating the liquidity of the ETH and creating its deficit, as does the "Office of the Comptroller of the Currency of the United States (OCC)". This role is played by a smart contract. It rewards those who agree to participate in the management. It would seem that everyone can agree and lock their financial asset ETH in their stockings for a while and stop financial activity, but this is nonsense, no one will go for it, what's the point? So my project allows you to do this not just to lock up the ETH, but to make it very profitable for everyone at the same time, without stopping financial activity. By placing ETH in a deposit on your account, you receive its financial equivalent, which you can sell, mortgage or reverse at any time, which is beneficial primarily for you, and at the same time, the ETH equivalent can only grow in price and cannot depreciate under any circumstances. (ftp://ETH equivalent can only grow in price and cannot depreciate under any circumstances.)

Op this idea of owning central bank is something different, because since i know what is central bank know body i heard that it own central bank in any country. A central bank is bank who is the head quarter of any bank in a nation and each country has their central bank and owned and manage by government of the nation. What individual's does in the central is business, which central bank loan some business people who is importers and exporters money to bring in goods for the country, and the loan is with collateral because is individual business, and the business is not accountable for the nation. The loan come in the forms of empowerment

Central means controlled specifically by someone.
The World Bank is a Decentralized Bank with no center, managed simultaneously by all its co–owners, wherever they are. This bank, accumulating the financial asset of its owners, brings profit to everyone. Its main advantage is that it cannot be bankrupted.
Decentralization has no center. (ftp://Decentralization has no center.)

I would like a business to use the blockchain and all the advantages that this gives, and I think that it would be much better than becoming a co-founder of such a bank. Because you can integrate different useful things together. Fortunately for my employees, with the help of Pandadoc (https://www.pandadoc.com/workflow-approval-software/), it became possible to implement a different level of document management using new software. If we add to this all the advantages of the blockchain system, then it was possible to make products much better than now

To become the owner of your cell in the world bank, where everyone is independent and independent, free to conduct their own business independently, benefiting not only themselves, but all owners of their cells, I think this business deserves attention.
                      https://prosh.info/smart_eng.files/image004.jpg



This bank cannot be bankrupted, so your financial assets are protected and liquid. (https://prosh.info/smart_eng.html)

I like it when all my data is secure and I don't have to worry about its security when connect jira to power bi (https://www.alphaservesp.com/products/atlassian/power-bi/). I find it the perfect software for working with jira because it makes my workflow much easier, especially in the evening, and it's also an easy way quickly prepare various jira reports. In general, I really advise you to pay attention to this software.

You obviously associate your software with a safe deposit box. But here's the trouble: you, like a bank cell, have a master who can open or close your data as easily and simply as in life, so my advice to you is to go into decentralization. (https://prosh.info/smart_eng.html)

How do you guarantee that there are not a devaluation of your deposits? You are only looking at the influence that the deposits at this Bank will have, but not at the influence that trading of that token on other Exchanges will have.

A Bank in other people's view, is something that secure deposits and also give interest on their deposits. (Most Banks... but lately some people are paying Banks to secure their deposits)  ::)

Can you create some Infogram for your vision for this Bank to explain it a bit better?

Good question!

If you have an account (a cell in a crypto bank) and you put ETH in it, the crypto bank has given you its guarantees (keys to the cell in the form of tokens). The property of tokens is to unlock the cell, they are also needed to open an account in a crypto bank. It makes no sense to sell or mortgage them below par, since they can only grow in price with the growth of the issue. If you (the keys) sell ETH, it will remain blocked in your cell until you find a way to unlock it, for this you have the opportunity if you start to intensively connect others who want to open an account in a crypto bank offering their account for connection. This way everyone will be happy. There are no losers in this project, there are only latecomers, as in the example of bitcoin.

It is still in fiat world, and we are looking for a crypto one, or at least I am looking for one. I would love to have a bank, like regular old bank idea and nothing weird, but instead of fiat just with crypto and nothing more. I would love to have a bank where I would put my bitcoins in, each month when I earn my salary, and then I would have a debit card, maybe a credit card if I have high score, or a loan all in crypto and they would have some signatures and collateral and so forth like regular banks as well.

There could be some people who default, but at the end of the day there could be some who won't and if the default rate is low, then they will profit and make a ton of profit plus they could get a lot of money when bitcoin goes up too.

But what’s the point in this project if we already have several such projects lying around. What’s the difference between yours and the one that already exists. Starting from the bitcoin itself we have encountered whole new arena of co-ownership of the decentralised world bank. Every individual holding small to heavy balances in terms of bitcoin is already owning their bank and free from the centralised bank’s regulations. So apart from this any new project that comes up would be added advantage for us.

You are right about the keyword (if we already have several such projects lying around), and the difference is that none of them meets the requirements for the liquidity of the security of your investments. This project solves these problems. (http://prosh.info/smart_eng.html)

Nowadays it is very easy to make tokens or coins, even to make tokens on the fast BSC network with the amount we can control it only takes no more than $ 5000, this is what makes the current number of coins and tokens more than 20k, and maybe 2025 the number more than 100k coins and tokens.

This project just meets your desire. This bank allows you not only to accumulate your assets, but also gives you the opportunity to earn by helping others open their accounts (cells) and do the same, which leads to an increase in the total deposit, which affects your income percentages. (http://prosh.info/smart_eng.html)

A truly Decentralized Bank with no center should be very difficult to centralize. There are several things that disqualify World Bank from being considered a Decentrized Bank, eg Privacy/Anonimity of owners, barrier of entry etc

If you explain why it is necessary to centralize a decentralized bank, then I will try to answer. If you think that your anonymity is at risk in this bank, then it seems to me that everyone is responsible for the anonymity of their wallet address, there is no verification in this bank. (http://prosh.info/smart_eng.html)

I mean those who control a decentralized system should be anonymous, or their privacy should be well protected otherwise a bad actor who wants to centralize the system could easily hunt them down and get them to surrender control & do whatever he wants them to do. I developed a project that not only anonymize participants but regularly randomize them to make such takeover almost impossible, yet the participants can be punished when they try to hurt the system while being anonymous.
Anonymity needs to be guaranteed to participants to prevent a takeover and centralization a decentralized system.

The OP has a solution which is looking for a problem.

In other words, he is full of crap.

You don't need a smart contract to accomplish this. Bitcoin is doing it already and it is the ultimate smart contract. It is decentralized, it can't be seized, it deflationary. Bitcoin is the ultimate decentralized world bank and you are participating whenever you use it. You just don't need anything else. Don't make this unnecessarily complicated.

That's it! Added advantage. Maybe that's the one that we can get from his project but for us that are already contented on what older projects has to offer and we are too conscious about our security then we can just stick on them and there is no need for us to try newly created projects no matter offers they have as we didn't know that what if those new projects are not decentralized as the bitcoin and other old projects?

The idea of having a decentralized world bank still won't make sense but it seems that I am right because if we read the title of the thread again, it says "co-owner", so it means they are still the one that controls most of our funds. Geez I don't like that, sorry.

I don't understand you at all, can a system be decentralized if its control is carried out by anonymous people, who, according to you, are regularly randomized? In my opinion, this is pseudo decentralization.
The project completely lacks any regulator. The main advantage of the project is that the owners of ETH manage their financial assets without transferring them on their own to anything other than their addresses connected to the smart contract, or only for the necessary initial connection, and also if they only need bond tokens.

Placed ETH in the depository cannot be stolen from the addresses of the owners connected to the smart contract, as it is blocked, which provides additional insurance for invested funds.

A crypto bank is a network of individual smart contracts, united by a common control over the emission of bond tokens, managed jointly by all owners of the ETH deposit and by no one in particular. Anyone who has placed financial assets in a deposit at their address in a smart contract can become a co-owner of a crypto bank. (https://prosh.info/smart_eng.html)

I really agree with you that Central Bank of a nation belong to that particular contract but from my understanding I understand that Central Bank of nation is not entitled to have shares or shares to the public because share is something of of company not of a government sector accentra bank when we talk of Central Bank it is a place we are a country or a nation general fund is stored , because any of the state branches so it's not something but someone can say a share 

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A crypto bank is a network of individual smart contracts, united by a common control over the emission of bond tokens, managed jointly by all owners of the ETH deposit and by no one in particular. Anyone who has placed financial assets in a deposit at their address in a smart contract can become a co-owner of a crypto bank. (https://prosh.info/smart_eng.html)

To activate tokens in BSC which is currently the most popular only costs around $2500, of course this is a good opportunity for anyone to create a project and with a capital of around $1 million it is enough to pump at the beginning and then get a fast RoI.

At first glance, it seems logical, but if you drop deeper, it turns out that the bulk of all bitcoins are in the hands of a very narrow circle of people who manage volatility and increase their share even more with the help of manipulation. To counter this, there is currently no insurance, so banks do not lend for fear of losing their assets. In my project, this insurance is available for banks. (https://prosh.info/smart_eng.html)

Victor, I'm talking about  Decentralized Network that allows participants to be anonymous. As far as I tell, you can't identify typical Node runners by their names, better still a Network does not identify you by your real name (maybe Google the dictionary meaning of anonymous)... Participants can be Anonymous according to Satoshi.    In certain cases, participants could use their addresses instead of names.
In regards to randomization, that could be used to enhance privacy/anonymity feature of a decentralized network by making it hard for bad actors to ide-anonymize their person of interest

Something we have gone in the direction of a decentralized network, although your previous question was

Smart idea Victor. That's why I'm interested. Wish you could resolve the issue I spoke about concerning zero devaluation.

By the way, if you are a programmer, I could work with you. I'm particularly interested in guidance. I'm deep into this & have had past offers from couple of people to work with them .. unfortunately I didn't accept them due to certain reasons. It's becoming more urgent to develop something tough & useful before it's too late

Of course, a good offer if it can become a co -owner of Cryptocurrencies decentralization of the bank, to make a new project requires large capital, so the easy thing is to join the top projects such as BNB, Solana or others.

Unfortunately, I'm not a programmer, I'm looking for programmers who can bring this complex project to life. If you understand how to implement this idea, you are welcome, I accept any help in cooperation. I was offered a team of programmers to implement this project, but the first question they were interested in was not how it works and what to do it for, but what my budget is. I understand that any work must be paid for and if someone paid me for my development, which I have been doing for many years, I would be able to pay the cost of the programmers' work. I also offered programmers joint participation in the development of the project, as a result of which, after its implementation, they would earn much more than their costs, but everyone is interested in income here and now.

Ofcourse, lack of funding is always part of the problem, but I'm not interesting in that.  Idea & gifted programmers should be ready first then funding will come, especially if your funder is convinced.

In regards to the funding, I could advise you to raise it from the Market. "He" is about to move price up. It's hard to convince this faithless world that price can actually be moved by him. Just believe!

If I had a sponsor, the project would already be working and you wouldn't have to persuade everyone to follow you to move the price, the project would do it for you. Your efforts to convince everyone of the correctness of your idea are in vain, since not everyone believes in God, most believe in the golden calf, and not in the mission.

Of course this is a good offer because the co-owner of a crypto bank is a promising thing, especially if the crypto we lead can skyrocket like Solana, Polygon or others, millions of dollars a year salary is certainly easy for us to get.

Sure, I would love to...I didn't concur because it sounded like money plus, but because if it is called a decentralized system, I believe it is an answer to remote work. I love remote work from any location and speaking about to co-own; I would champion the cause of a decentralized system because my interest shows I do believe it will one day be world unitarian in policy for commerce and trade.