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

[Rufsilf]

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?

Ofcourse, who doesn't want to be in that position, to be a co-owner of the biggest and secured building in your country. Well, it turns out that it's so easy to wish but we don't really know what's the burden being in that very position and the stress you have to go through just make the country's economy run. And also we can be in that position if we wanted to, but the real question is, do we have what it takes to sit in that position? I mean the background and knowledge.
But now, because of Satoshi Nakamoto, we can be the owner of our own bank because we have our own wallets that serve as our own private bank.

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[VictorProsh]

I get what you’re trying to say but the way you have put it makes it to be misunderstood. There is nothing like being a co-owner here. Everyone is on their own, and there is not even someone that can be said to be the owner, not to talk of having co-owners, even Satoshi himself is not the owner, he’s simply the founder of the platform.

Here the only thing that you’re controlling is your wealth, and the good part of it is that no other person controls it for you, the whole power is in your hands to do with your wealth however it pleases you to do with it. No one is going to query for any decision that you decides to make here. Unlike the bank where everything is being monitored and once they notice any activities that seems suspicious to them, they can decide to your lock your account. Bitcoin is just total freedom, no form of control.

That's right, you are one of the few who understood the essence of the project, where each individually managing his asset has a positive effect on the total income of all co-owners of the crypto bank, and no one can reduce or devalue this income.
http://prosh.info/smart_eng.html

[retreat]

the motto of Bitcoin since it was first released by satoshi is "be your own bank", the purpose of Bitcoin is so that humans can be separated from the third party that has been gnawing that is bank. thank you satoshi for the bitcoin you created.

Why just co owner, the Satoshi Nakamoto seems to have given us opportunity to become owner of your bank. The co owner stuff does not even exist in the Satoshi dictionary and it is also proven all the way through a decade of time now. I think we should break to the discussion that you can be your own bank or co owner of the bank because we are already one when we bought the very first crypto currency using the Fiat. So let’s just consider that I can freely trade this coin, sell it, buy more, send any amount and receive any amount. I think that’s end of all. What else do we need to control anyways?

True, you can freely trade your cryptocurrency, but if you have a guarantee that tomorrow your asset will not turn into zero if the main holders of the asset decide to fix their profits.

Honestly, I don't understand what you mean? 

[kaya11]

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?

OP is right, in a world where bank exist, you don't fully own your money. A good example is that some of the Russians, their accounts are freeze in the worst case, seized. Now if you have a private key, and your money is on BTC, truly you are the one who manages it,  because no banks would ever be able to freeze and seize it, the decision is only to you yourself.

[istiak2277]

I get what you’re trying to say but the way you have put it makes it to be misunderstood. There is nothing like being a co-owner here. Everyone is on their own, and there is not even someone that can be said to be the owner, not to talk of having co-owners, even Satoshi himself is not the owner, he’s simply the founder of the platform.

I was also thinking something like this. Community don't own it by its driven by community. I think that was the real purpose of creating bitcoin. Creating democracy in our financial system not the rule of a single authority. No authority can force or ask you to do something with your wealth. You have total control which makes you a bank of your own money.

[Dunamisx]

What Satoshi wanted was not for us to co-own a bank or a world bank. Satoshi wanted each one of us to be our own independent banks. That means there are no more banks which are operating on behalf of someone else's fund or money. The banks that we know of today are managing people's funds, keeping them, making money out of them, and sometimes withholding them from the owners themselves as if they have the authority to give them back or not.

I don't like to become a co-owner of any bank. I just want to be my own bank.

You got the idea right, in his pursuit for this, he developed a peer to peer means for transactions in which we all enjoy now, lower transaction charges and no crossboarder yoke of in terms of delay and cost of transaction made, no KYC, maximum security and privacy guaranteed, we can be rest assured if 0.9 btc is in ones account, such amount remains uncompromised in your address for as long as you wish. What better definition of freedom could be other than this.

[ShowOff]

Bitcoin has given me the right to manage the bank in my own hands without the need for a central authority, so we have it now.
Satoshi's idea to decentralize the financial system has so far been very successful and we have enjoyed it immensely for over a decade. I personally can't afford to be a physical bank owner, but with bitcoin I think things can be managed well.

[fara_buduk]

everyone wants the assets he has to be patented without any government intervention and this we get bitcoin every planning and rules how we use it because the desatralization system is our own private bank and this will always run if in my country it doesn't prohibit bitcoin and  another

[VictorProsh]

Central banks are usually owned by the country they operate in. If the would start selling shares to the public and try to become a public company, that would be nice. Personally I would definitely invest in a central bank. Their funding comes from the government and their loans to commercial banks are usually backed by the government as well. It's a pretty solid business model with a lot of government guarantees. A great way to make money for the owners.

A decentralized Bank cannot belong to any country, it can belong only to its co-owners and is managed by all owners. The platform allows all ETHEREUM holders, when connected to it, not only to save their assets, but also to multiply them.

[VictorProsh]

It might be fair to say governments of the world hold monopolies over fiat currency. Which could be improved by introducing free market competition to the equation. The venezuelan bolivar and zimbabwe dollar could be better managed, and appreciate in value. If there were competing currencies incentivizing regulators to do a better job.

Theoretically there are competing currencies, as there are different countries with different currencies. Peopple could just move to a better country, or a country where politicians do what they would like. "Vote with your feet".

But the costs of moving to another country are so high that people often do not move just because the government is doing a terrible job.

When people really that the government is really fucking up it is usually too late. For example, Venezuelans cannot move now, because their economies are worthless, as their currency is no longer accepted anywhere due to inflation.

11. Anyone can freely open their deposit and become a co-owner by connecting their Ethereum wallet address to a smart contract (cryptobank). Your ETH always remains blocked at your address in the smart contract and can be unblocked at any time. You can also transfer your asset (ETH) to any other holder of the bank cell (smart contract). The bank will issue you its guarantees in the form of tokens, ETH-WORLD equivalent to the value of the deposited assets of the deposit. In this case, you do not have a deposit burdening ETH, and you have the right to do with it at your discretion.

I wonder who blocks and unblock the coin, and what condition does the account owner have to meet before his/her coin is unblocked...

I prefer a setup where the account owner has complete control over his/her fund, even when the account is attached to the bank/smart-contract. The smart contract could only be executing pre-programmed contract, like paying of interest into the account, deduction of fee from the account, etc at certain times after tasks have been performed.

Good question. Etherium is blocked in your cell (account) in the smart contract, this is the address of your wallet. In order for etherium to become available to you, an appropriate number of contract tokens from any other address must be sent to this address. By unlocking ETH in a smart contract, the bond tokens are extinguished and burned, while an identical clone of the new smart contract is formed with the address of the next co-owner of the crypto bank. Deposits of all clones of individual smart contracts are summed up and taken into account in the generation of the total issue of tokens–bonds.

[Sir Legend]

Of course it is a good offer to become a co-owner of a world bank, as we know that the position of co-owner of a world bank is the dream of many people and I hope to become a co-owner of a world bank, of course it takes experience and access. tough to become a co-owner of a world bank, and in life I have to be realistic to live life.

[so98nn]

Closest you can go is open bank account in Nationalise bank which are run by the governments of respective countries. There is no possible way to be part of the bank and stay worry free as your assets are completely. Though Nationalise banks are somewhat safe and are doom proof they also cant gaurantee safety and security of our funds in emergency situation. My point is, take example of Russia. When war broke out and sanctions were imposed they had slow cash flow and slowly economy went down so much as it became hard to get cash from the bank. Now that's the drawback side of national and private banks. The person whose free is the country's leader whose sending those orders. Lolz. Thats why Satoshi made it clear, be free and be your own banker through his ever green bitcoin project.

[Lubang Bawah]

Become a co-owner of a world bank high qualifications are needed, the current economic challenges are very difficult, the inflation rate continues to increase and makes economic growth very slow, the most important thing from co-owner of a world bank is to be able to determine policies that are profitable for companies so that they can survive in difficult economic conditions.

[Kakmakr]

Do you think the average Joe (Public) are ready for the complexity of managing Smart contracts? The whole goal is to bypass any intermediary or third party and to be "Your own Bank" as an individual.

The complexity of projects like this will necessitate that centralized 3rd parties will have to get involved to assist these people and that voids the whole... "Be your own Bank" idea.

If the Software developers can simplify this process into say a 3 step procedure... projects like this will work. Do you think it is possible to reduce the steps to make it "idiot" proof?

[VictorProsh]

Become a co-owner of a world bank high qualifications are needed, the current economic challenges are very difficult, the inflation rate continues to increase and makes economic growth very slow, the most important thing from co-owner of a world bank is to be able to determine policies that are profitable for companies so that they can survive in difficult economic conditions.

Let's first figure out what a World Bank is. This is a bank in which there is 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 to your bank account. The Bank guarantees the safety of financial assets by giving you an equivalent value (smart contract tokens). The Bank accumulates the financial assets of all co-owners and accrues income for the placement of funds. You can earn money by helping others become co-owners of this bank by providing the opportunity to connect to the bank. You can always return your asset at any time by returning its guarantees (smart contract tokens) to the bank.
Now the main thing is that investments transforming into a decentralized financial liquid asset of tokens-bonds tend to grow and under no circumstances can be frozen, zeroed-devalued, there is the possibility of direct placement of any Fiat in a decentralized crypto economy through the crypto currency Ethereum. Investing and lending software secured by token bonds will become very profitable and safe. Tokens-bonds produced by a real financial asset replacing the turnover of ETH in the deposit becomes a reliable settlement coin between counterparties.

[Ucy]

What is the main problem you want to solve with this? What makes you think more problems won't be created trying to solve the problem.

Do you have examples of assets that do not or will not lose value?

Your idea is very interesting though

[Ucy]

What is the main problem you want to solve with this? What makes you think more problems won't be created trying to solve the problem.

Do you have examples of assets that do not or will not lose value?

Your idea is very interesting though

Good question.
In my opinion, the main problem is that everyone is trying to solve the new decentralized financial system within the framework of the old proven monetary system. This mistake is made by everyone who is trying to come up with another stable coin by tying it to the dollar or another Fiat. Satoshi proposed another solution for the development of a new decentralized economy and everyone together undertook to link Bitcoin to the Dollar, everyone began to print their own stable coins without understanding the basics of the value of decentralized finance, this is the same as the treasury began to print dollar No. 1, No. 2, No. 3, etc. as much as necessary and we will do.
I solved this problem with my project by creating an example of an asset that under no circumstances can be devalued because it is not tied to Fiat, which means it cannot be reset.

Give me some time to go through your work and understand exactly what it's about.
Are you a programmer?

[VictorProsh]

What is the main problem you want to solve with this? What makes you think more problems won't be created trying to solve the problem.

Do you have examples of assets that do not or will not lose value?

Your idea is very interesting though

Good question.
In my opinion, the main problem is that everyone is trying to solve the new decentralized financial system within the framework of the old proven monetary system. This mistake is made by everyone who is trying to come up with another stable coin by tying it to the dollar or another Fiat. Satoshi proposed another solution for the development of a new decentralized economy and everyone together undertook to link Bitcoin to the Dollar, everyone began to print their own stable coins without understanding the basics of the value of decentralized finance, this is the same as the treasury began to print dollar No. 1, No. 2, No. 3, etc. as much as necessary and we will do.
I solved this problem with my project by creating an example of an asset that under no circumstances can be devalued because it is not tied to Fiat, which means it cannot be reset.

Give me some time to go through your work and understand exactly what it's about.
Are you a programmer?

My project was developed to show that you don't need to reinvent the wheel, you just need to look at the problem from the other side. Why does ETH have unlimited volatility, what does it depend on and is it possible to manage it? Yes, it is possible, you just need to create conditions under which it will be beneficial for everyone to participate in the management of this. Management consists in creating the liquidity of the ETH and creating its deficit, as does the "Office of the Comptroller of the Currency of the United States (OCC)". This role is played by a smart contract. It rewards those who agree to participate in the management. It would seem that everyone can agree and lock their financial asset ETH in their stockings for a while and stop financial activity, but this is nonsense, no one will go for it, what's the point? So my project allows you to do this not just to lock up the ETH, but to make it very profitable for everyone at the same time, without stopping financial activity. By placing ETH in a deposit on your account, you receive its financial equivalent, which you can sell, mortgage or reverse at any time, which is beneficial primarily for you, and at the same time, the ETH equivalent can only grow in price and cannot depreciate under any circumstances.

[dataispower]

Op this idea of owning central bank is something different, because since i know what is central bank know body i heard that it own central bank in any country. A central bank is bank who is the head quarter of any bank in a nation and each country has their central bank and owned and manage by government of the nation. What individual's does in the central is business, which central bank loan some business people who is importers and exporters money to bring in goods for the country, and the loan is with collateral because is individual business, and the business is not accountable for the nation. The loan come in the forms of empowerment

[VictorProsh]

What is the main problem you want to solve with this? What makes you think more problems won't be created trying to solve the problem.

Do you have examples of assets that do not or will not lose value?

Your idea is very interesting though

Good question.
In my opinion, the main problem is that everyone is trying to solve the new decentralized financial system within the framework of the old proven monetary system. This mistake is made by everyone who is trying to come up with another stable coin by tying it to the dollar or another Fiat. Satoshi proposed another solution for the development of a new decentralized economy and everyone together undertook to link Bitcoin to the Dollar, everyone began to print their own stable coins without understanding the basics of the value of decentralized finance, this is the same as the treasury began to print dollar No. 1, No. 2, No. 3, etc. as much as necessary and we will do.
I solved this problem with my project by creating an example of an asset that under no circumstances can be devalued because it is not tied to Fiat, which means it cannot be reset.

Give me some time to go through your work and understand exactly what it's about.
Are you a programmer?

Central means controlled specifically by someone.
The World Bank is a Decentralized Bank with no center, managed simultaneously by all its co–owners, wherever they are. This bank, accumulating the financial asset of its owners, brings profit to everyone. Its main advantage is that it cannot be bankrupted.
Decentralization has no center.