I hope , they make a physical BTC it better than virtual
Who are they? The banks? But one bank cannot make money. Only work with it. The money produced by the Central Banks. The money which count and that accepted to have goods in change of those. Not they which can minted by collectors or passionate. They are only to adorn the home.
Theres so many things that should must do before you can make a BTC coins or paper money like, world must take or accept bitcoin as a world currency, must have a group with 1 representative every country so that they can plan how they can do that and make that project.
In my post I wanted to specify only that a (commercial) bank have no possibility to
make money but only to
use it like everyone else (whether this everyone be human and whether this everyone be business). A commercial bank is like every another common business which only can work with the money but not create (produce) it. The money can be created only by one Central Banks
What you say is semantic noise. Commercial banks create money on behalf of a Central bank through credit. When someone takes a loan in a bank, the bank makes two entries on its balance sheet, with the loan as an asset and the deposit (which offsets this loan) as a liability on the bank's balance. Thereby the bank balance gets increased by the loaned amount. This is how the system works, with the new money being created "out of thin air". You could say that it is a Central Bank working through a proxy, but technically it is the banks that actually create new money (some part of). Ultimately, it is all six of one and half a dozen of the other, since money is still created "out of nothing"...
No other business is allowed to do this kind of thingI correct my semantic noise (come from my non being native Englishman). In my post I wanted to specify only that a (commercial) bank have no possibility to
print (create) money but only to
use it like everyone else (whether this everyone be human and whether this everyone be business). A commercial bank is like every another common business which only can work with the money but not create (produce) it.
Then is not true your part in bold.
The bank only do its job and create profit. This profit is the money you mean in your post.
Every business is allowed to do this thing (create money in your meaning) but simply not in the way of the bank (only because are not banks and the purpose of their existence is another). Every business is created to do something and to earn. Every business do its work, create profit realizing the purpose for which it is created, and "create" (according to your reasoning) other money (with its profit). Just like the bank. In this meaning every business create money like the your banks and for the which I talk in my post.
It is another thing the Central Bank. The Central Bank not only create (print) new money (
real money which increase the physique number of banknotes in circulation; things which is not made by any other institution including your banks) but decide the amount of money in circulation. In this meaning that if the economy need more money in circulation it is only the Central Bank (and only the Central Bank) which can put
new amounts of money in the market -
THIS IS THE NEW MONEY -
money printed (created) ONLY by it (before that moment in order to be ready for the moment in which they is needed).
This cannot be made by your banks. They cannot create (print) new money to put in market but
earn only money existing in the market. Because your banks are a simple business which create profit and not money. Same with the other businesses which create profit and not money.
