Bitcoin Forum
April 26, 2024, 10:31:47 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: BitCoin Bank  (Read 1099 times)
JackH (OP)
Sr. Member
****
Offline Offline

Activity: 381
Merit: 255


View Profile
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
1714170707
Hero Member
*
Offline Offline

Posts: 1714170707

View Profile Personal Message (Offline)

Ignore
1714170707
Reply with quote  #2

1714170707
Report to moderator
1714170707
Hero Member
*
Offline Offline

Posts: 1714170707

View Profile Personal Message (Offline)

Ignore
1714170707
Reply with quote  #2

1714170707
Report to moderator
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
AntiVigilante
Member
**
Offline Offline

Activity: 98
Merit: 10



View Profile
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
Legendary
*
Offline Offline

Activity: 1106
Merit: 1007


Hide your women


View Profile WWW
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:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s



1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
AntiVigilante
Member
**
Offline Offline

Activity: 98
Merit: 10



View Profile
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
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!