[ANN][DGC][FBD] Free Bank of Digitalcoin ~ Risk Averse DGC Investments

[Mikers]

ah, so there are going to be investors in the bank itself,and it's going to trade options only if enough funds available. now that I can understand.
thanks for clearing things up

[bitterdog]

The community has done nothing but ruin the concept of Bitcoin... DECENTRILIZED MEANS JUST THAT.. yet you want to herd coin into "EXCHANGES" and "BANKS"

[baritus]

This is decentralization of banking.

A bank funded by the people, for the people.

[bitterdog]

This is decentralization of banking.

A bank funded by the people, for the people, by the people.

you are herding coin brother.. spin it how you want but you are herding coin

[baritus]

Expanding the usefulness of crypto-currency for potential investors is a necessary step towards adoption.

[bitterdog]

Expanding the usefulness of crypto-currency for potential investors is a necessary step towards adoption.

Im not saying im against your concept, just that we have all done a great job of destroying what was the foundation of bitcoin

[digitalindustry]

This will be popular Banks are popular !

especially in a Cryptocurrency market !

[baritus]

Anything that allows people to raise their profits and lower their risks will be popular.

[ethought]

I like it - where can we sign up to buy shares?

[baritus]

I'll have more details about the shares later on, they're not yet available.

[jonsi]

I don't think this is a viable ideea. Assuming the case: DGC rises in price, everibody sell and they make a nice profit. After that DGC falls and the same people buy and sell back to the bank with the initial price witch is higher now than the market = nice profit again... And this is just one scenario... Think about it!

[tron1082]

This is an amazing idea. What an opportunity for low risk growth of DigitalCoin's value via outside fiat / BTC means. Very impressive concept that adds even more incentive to invest in the future of DGC.

[cannonfodder]

I don't think this is a viable ideea. Assuming the case: DGC rises in price, everibody sell and they make a nice profit. After that DGC falls and the same people buy and sell back to the bank with the initial price witch is higher now than the market = nice profit again... And this is just one scenario... Think about it!

Maybe I'm misunderstanding, but the way I see it is say the person buys DGC and keeps it in the bank. If the price drops and he panics and wants out, he gets his initial purchase price back minus a fee. However if the price goes up, he pulls the DGC out of the bank and sells on an exchange. He can't reaquire DGC and put it back into the bank at this point and get his original purchase price back as this is now a new deposit, and besides that, he didn't acquire the DGC through the bank anyways so how is there even a price point from the bank's point of view to reimburse any losses, not there is a loss in value since it wasn't purchased through the bank. Hope that made sense.

[jonsi]

But if one purchase from the bank and can't use it without loosing the posibility to sell them back (is obligated to keep it in the bank account) than... what's the point? Everybody would buy only to speculate... so... nothing to gain for the coin... isn't it?

[krasnyoktyabr]

But if one purchase from the bank and can't use it without loosing the posibility to sell them back (is obligated to keep it in the bank account) than... what's the point? Everybody would buy only to speculate... so... nothing to gain for the coin... isn't it?

If you remove it to use it, that's fine. Why would you be able to use it and then sell it back? Presumably when you purchase something you lose those coins anyways.

[jonsi]

But that's a big "if"... the majority will buy hopping for a price increas and if that happends everybody would rush to seel on the marked so a quick price decreas... the ones that didn't cash out from the account would rush tu sell back to the bank in panic that the bank would go bankrupt... more price decreas... anyway, it's not going to work because people would assume that is un investment without risk... things just don't work like that.
P.S. This is just my personal opinion and i could be wrong, don't take it as un advice because it's not. In fact i would be glad to see this become real and viable.

[AquaMan]

It may sound good in the beginning, but thats how they all start "for the people by the people" blah blah, then people get greedy, then fees increase, too many people starting these types of schemes on here end up ripping off people once they get enough funds in their hands....  When all is said and done, all you are doing is stashing your coins in someone else's qt wallet......   smart?  I think we can all agree..... No

[ethought]

It may sound good in the beginning, but thats how they all start "for the people by the people" blah blah, then people get greedy, then fees increase, too many people starting these types of schemes on here end up ripping off people once they get enough funds in their hands....  When all is said and done, all you are doing is stashing your coins in someone else's qt wallet......   smart?  I think we can all agree..... No

Seriously, why do you bother?

If you have nothing constructive to add go and troll somewhere else.

[AquaMan]

It may sound good in the beginning, but thats how they all start "for the people by the people" blah blah, then people get greedy, then fees increase, too many people starting these types of schemes on here end up ripping off people once they get enough funds in their hands....  When all is said and done, all you are doing is stashing your coins in someone else's qt wallet......   smart?  I think we can all agree..... No

Seriously, why do you bother?

If you have nothing constructive to add go and troll somewhere else.

You just made yourself look like an idiot, read the last 3 pages, its nothing but trolling in one fashion or another, 99% of this forum is trolling...

[krasnyoktyabr]

But that's a big "if"... the majority will buy hopping for a price increas and if that happends everybody would rush to seel on the marked so a quick price decreas... the ones that didn't cash out from the account would rush tu sell back to the bank in panic that the bank would go bankrupt... more price decreas... anyway, it's not going to work because people would assume that is un investment without risk... things just don't work like that.
P.S. This is just my personal opinion and i could be wrong, don't take it as un advice because it's not. In fact i would be glad to see this become real and viable.

I don't understand why the bank would go bankrupt. The funds used to purchase the coins in the first place will never be spent (as I understand it), and no more coins will be sold than are physically available to move.

Bank rushes only occur because banks loan out your money to other people, so they don't physically have the money on hand. It sounds like Baritus will be keeping all of the deposited money available for people to cash out, but it is reasonable that removing the coins from the bank would forfeit your option of selling them back so that you cannot abuse the system. Risk only occurs once you go from holding the coins to using the coins.