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I think you'll need to define "bank" first. What services does a bank offer that you could replicate? Would it offer interest? I strongly believe that this w
by taybin 13y ago
I think you'll need to define "bank" first. What services does a bank offer that you could replicate? Would it offer interest?
I strongly believe that this will go nowhere unless you spec out exactly what you want to accomplish. Just saying "we should make a better bank. Let's talk about it" won't progress much.
- niallpaterson 13y agoAgreed, I think it would make most sense to keep it really simple for now. So like a checking account at heart. No loans or anything like that. I think that's what most people would need - if you need a savings account you don't need an accessible online back.
- stephenbez 13y agoSo what does the bank do with all of this money that people deposit if they don't make loans. From http://money.howstuffworks.com/personal-finance/banking/bank1.htm http://money.howstuffworks.com/personal-finance/banking/bank...: Banks accept deposits and make loans and derive a profit from the difference in the interest rates paid and charged, respectively.