This is a pioneering idea! I love seeing things like this. The problem is you haven't established what exactly your aim is and you haven't mentioned any benefits to users.
Earning an interest rate would be great, but you haven't worked out how you'll earn income. If it's by charging users to withdrawal/send money, then you need to tell us exactly how much.
Also, not using https on your site is a huge red flag and indicates you haven't given due diligence to security. Someone mentioned you could get a free ssl certificate here at a site called http://www.startcom.org. I don't know if there are eligibility requirements or not. You could also self-sign.
https://bitcointalksearch.org/topic/why-is-bitcoinorg-using-a-self-signed-ssl-certificate-2626
Earning an interest rate would be great, but you haven't worked out how you'll earn income. If it's by charging users to withdrawal/send money, then you need to tell us exactly how much.
Also, not using https on your site is a huge red flag and indicates you haven't given due diligence to security. Someone mentioned you could get a free ssl certificate here at a site called http://www.startcom.org. I don't know if there are eligibility requirements or not. You could also self-sign.
https://bitcointalksearch.org/topic/why-is-bitcoinorg-using-a-self-signed-ssl-certificate-2626
Thanks ryan!
I appreciate your interest, my aim is simply to create a bank system that is not just a simple ewallet, those are great and I use them myself but I really wanted something that would benefit the people who use it, so with that regard I'm trying to make something I would want to use myself.
Right now depositing and withdrawing are free but to transfer funds between accounts will have a fee. The actual fee itself is determined by the users. I will initially set it at a .1% rate and from there the members can cast votes to increase or decrease this fee. I should mention that votes themselves will have their own fee, also determined by the members. This is meant to limit the number of votes cast by any one person. My goal is not to be any kind of president of the credit union, the very nature of credit unions are that they are ran by its members (volunteers). Your votes will be handled by the amount of weight you hold to the credit union which is based on your shares compared to the total number of shares the CU holds.
Just so you know I do not intend to keep this on my local machine, right now I just wanted to let you guys look at it and if you wanted to play around with it a bit you could. Since its not on the testnet I don't want to open registrations. Once I feel good about the functionality of the website and it gets moved to a new server I will look into ssl and getting that setup.
Again thanks for your interest and suggestion, I very much appreciate it!
