So I've been thinking a lot about banking lately, specifically how it could be done within an anonymous, secure, community where fraud is so freaking easy. All-in-all, I don't think it would be that difficult to set up a BitCoin bank. The problem I see is incentive to continue running it.
Traditional banks make money mostly in three ways:
- Loans paid back with interest
- Fees associated with accounts
- Other associated 'services' like a safe deposit box, financial consultations, etc