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Author Topic: BitCoin Bank  (Read 857 times)
JackH
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May 30, 2011, 12:26:37 AM
 #1

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.  Grin

<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
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May 30, 2011, 12:32:10 AM
 #2

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.  Grin

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.

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
billyjoeallen
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May 30, 2011, 03:49:20 AM
 #3

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.

insert coin here:
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc

Open an exchange account at CampBX: options, lowest commissions, and best security
https://campbx.com/register.php?r=0Y7YxohTV0B
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May 30, 2011, 06:40:07 PM
 #4

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.

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
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