In the world of fiat a bank pays a depositor interest on their balance, which corresponds to a balance between the risk the depositor is taking by leaving their money with the bank and market interest rates.
In the world of cryptocurrency an exchange or only wallet doesn't pay the depositor anything, which is horrible! The cryptocurrency depositor is taking on significantly more risk, yet these exchanges don't offer any interest to compensate us for that risk and loyalty.
I believe it's time we start to act on this - we can change the market by simply moving our balance off the exchanges.
Freebitcoin faucet is the only online wallet offering interest on balances, they've set the market rate at 4% APR, paid daily. They've been paying reliably for over a year now and have developed a great system for minimizing or eliminating balance manipulation by the depositor.
It's a simple model for the exchanges to follow.
When will we demand we get paid for our risk?
