02-20-2020, 11:37 PM
Question about investment and loans in a crypto-based world
<!-- SC_OFF --><div class="md"><p>So in our ideal Cryptocurrency world we would all have our own wallets containing our currency. Therefore there is no need for banks. (This might be wrong)</p> <p>At the moment my money is invested by the bank in the form of giving loans to others. (Simplified I know). However, when we all have control over our money, where will people get loans?</p> <p>Will it be from the richest?</p> <p>Or will there be some sort of place you could invest your money, other people could loan it out, and you would get some sort of interest rate.</p> <p>Could this system be decentralised or would it require a "bank"?</p> <p>Sorry, I don't know a lot. My main question is about how loans will work in a fully Cryptocurrency based world. Obviously we can get round this in a perfect world where we don't need loans or whatever, but assuming nothing else changes, what will Crypto-Loans look like?</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>So in our ideal Cryptocurrency world we would all have our own wallets containing our currency. Therefore there is no need for banks. (This might be wrong)</p> <p>At the moment my money is invested by the bank in the form of giving loans to others. (Simplified I know). However, when we all have control over our money, where will people get loans?</p> <p>Will it be from the richest?</p> <p>Or will there be some sort of place you could invest your money, other people could loan it out, and you would get some sort of interest rate.</p> <p>Could this system be decentralised or would it require a "bank"?</p> <p>Sorry, I don't know a lot. My main question is about how loans will work in a fully Cryptocurrency based world. Obviously we can get round this in a perfect world where we don't need loans or whatever, but assuming nothing else changes, what will Crypto-Loans look like?</p> </div><!-- SC_ON --> Kind Regards R