bitcoin banking

[pretendo]

Are there any large and old (as far as bitcoin goes, so 1-2 years) bitcoin banks that pay interest?

[lakeluke]

try out flexcoin.com
 
they give you a share of the fees they earn; currently it seems  about 3-4% p.a

Be careful accepting any of these +1% per week deposits;

At present (for the next few years) just hold onto your BTC; they will appreciate by themselves, as if you are earning interest, with  little risk.

[pretendo]

I found them via google; I am actually interested not really for a personal reason, but just for the health and complexity of the bitcoin market. Flexcoin doesn't lend coins, I am wondering how lending could work.

[Endgame]

There are no large, old, interest paying bitcoin banks that I am aware of. There are some small lending and deposit operations that you can find in the lending and long-term offers sections of this forum. However, be careful because many of them are either scams or small operations with a very poor business model.

[Lurk]

i offer 20% interest a day...send me your money

[Cm5xng]

He does raise an interesting point, there are no actual bitcoin banking platforms! I think the potential for bitcoin banking sounds very good, but since most banks make there money with loans and insurance, it looks very high risk. Any ideas on reducing risks?

[22bones]

If I were to loan someone bitcoins, I wouldn't do it unless the full loan balance was backed up with collateral provided by other people.  People could "vouch" for someone they know is trustworthy by offering some of their coins as insurance.  In this scenario, the "bank" would just be a gathering place for people to offer crowd-sourced loans.

[#machinist]

and i thought the whole point was "Be Your Own Bank" 

[22bones]

Just found this, exactly what I was talking about https://btcjam.com/