Topic: How will Bitcoin replace banks as far as loans and interest are concerned? - page 2. (Read 1325 times)
May 14, 2015, 06:02:17 PM
very simple. people here can create a "bitcoinbank" to give out loans to make sure people get what they need. it's not that different from how banks work right now. only bitcoin is more open to new idea's where current banks are not.
May 14, 2015, 05:03:44 PM
Don't banks fill an important role by allowing people to take out loans and so increasing people's capacity to invest in their businesses, buy houses, etc? How will Bitcoin replace that role if there's no third-party to store people's money, deal out loans and charge and distribute interest?
I'm sure this has already been covered somewhere but I haven't come across the answer yet.
I'm sure this has already been covered somewhere but I haven't come across the answer yet.
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