Hmm. Well my first answer didn't even garner a response. So I'll risk getting my hand slapped and try again. I know for a fact that this is not true. YCombinat

Hmm. Well my first answer didn't even garner a response. So I'll risk getting my hand slapped and try again. I know for a fact that this is not true. YCombinator knows this is not true. How? YC invests in P2P companies. Those folks already run some form of their own bank. In particular the lending function. Why do they choose to do so...because they don't want to earn 0% (or less) on their own funds. They lend them to others at rates they like, generally 8% and up. People who invest in tax liens (some of those reach 16% interest) also run a lending function. Currently, neither run these operations on the blockchain. But that could change and I think it will be easier for them once they do. The reporting costs should go down and ease of any legal ramifications should go up. The same is true for anyone who handles personal investing (the trust function) or stock trading (the investing function). Many of you do both...you just call it something else. The main problem though is all these articles by rich, white guys that ignores 99% of the World...and tells us all what we want to do or not do. Please please stop.