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I think the point that needs to be made is that there is very little incentive for a bitcoin owner to store their bitcoins with a bank. People store cash becaus
by beeboop 11y ago
I think the point that needs to be made is that there is very little incentive for a bitcoin owner to store their bitcoins with a bank. People store cash because it's susceptible to being stolen and inconvenient to spend versus a debit card. Banks have complete control of our cash and we can only get it back on their terms, but that doesn't deter most anyone from lending it to them.
- sampo 11y ago> there is very little incentive for a bitcoin owner to store their bitcoins with a bank Well, a bank could offer to pay interest on the deposits.
- rlpb 11y agoBitcoins are susceptible to being stolen (by rubber hose cryptography if necessary) and when stored safely are inconvenient to spend versus a debit card.