Would you like to become a co-owner of a decentralized world bank?

[MiningBattalion]

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.

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.

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[Kakmakr]

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. 

[kramchers]

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.
The peculiarity of bank guarantees is that they cannot be depreciated under any circumstances. The smart contract program provides for an increase in the value of tokens depending on the amount (authorized capital) of the bank's deposit. The higher the deposit, the higher the cost of the token.
http://prosh.ru/smartcontract.html

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?

[Paycoinzzz]

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.

[CarnagexD]

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.

[Rengga Jati]

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

[VictorProsh]

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.

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.

[NavI_027]

A co-owner of world bank?
I think this is difficult to do.

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 . 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.

[VictorProsh]

A co-owner of world bank?
I think this is difficult to do.

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 . 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.

[jaysabi]

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.
The peculiarity of bank guarantees is that they cannot be depreciated under any circumstances. The smart contract program provides for an increase in the value of tokens depending on the amount (authorized capital) of the bank's deposit. The higher the deposit, the higher the cost of the token.
http://prosh.ru/smartcontract.html

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.

[VictorProsh]

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.
The peculiarity of bank guarantees is that they cannot be depreciated under any circumstances. The smart contract program provides for an increase in the value of tokens depending on the amount (authorized capital) of the bank's deposit. The higher the deposit, the higher the cost of the token.
http://prosh.ru/smartcontract.html

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.

[el kaka22]

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.

[Dorodha]

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.

[Dragonfund]

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.

[VictorProsh]

[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.

[sapnu]

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.

[mckinleeanael07]

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?

[VictorProsh]

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.
The peculiarity of bank guarantees is that they cannot be depreciated under any circumstances. The smart contract program provides for an increase in the value of tokens depending on the amount (authorized capital) of the bank's deposit. The higher the deposit, the higher the cost of the token.
http://prosh.ru/smartcontract.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?

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.

[Lubang Bawah]

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?

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.

[VictorProsh]

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?

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.