Hal Finney’s Vision for Bitcoin Banks #Hal #Finneys #Vision #Bitcoin #Banks

Hal Finney’s Vision for Bitcoin Financial institutions

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Comments (3)

  • medialAxis Reply

    One of the recurring questions on this forum is “what’s the best way to store my bitcoin?” . It’s not a problem unique to bitcoin. It’s a problem for anything of value that you have. What’s the best way to keep it safe, to ensure others don’t take it from you. It’s not a new question but it’ll likely never not be asked.

    Whatever it is, you have of value, if you chose to store it yourself then it’ll cost you and if you chose t store with a 3rd party it’ll cost you. The more you pay the more secure it’ll be, in general. I mean if you employ a gang of heavies to guard your stash then you better pay them enough to make it worth their while not to run off with the stash. The benefit of storing it with a 3rd party that also looks after other peoples’ valuables is the cost is shared by you all and so is likely much less than doing it yourself. Storing small amounts yourself might be okay but your life savings?

    So IMO, bitcoin banks are likely inevitable. Only some will want them called by a different name. Bitcoin Repository, maybe? I guess that’d be Suppository if we’re talking shit coins.

    December 22, 2022 at 11:18 am
  • kirpid Reply

    I believe Hal=Satoshi, but FUCK BANKS. They only make sense in a fiat system.

    December 22, 2022 at 11:18 am
  • Daddio_87 Reply

    I agree with this and it makes sense because of its simplicity.

    It was never about liquidity, but about being able to transact at all.


    December 22, 2022 at 11:18 am

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