Bitcoin Banking Software (Open Bank)

-
Following on from my post about BitCoin Banks I suggest some developers with banking security-level experience start a project to develop software whereby Banks can build systems to handle BitCoin.  

Maybe a donation from one of the many publicly-owned banks of the base source code could be made to ensure the demise of banks as we know them today, as a little thank you and payback for comprehensively ruining the world economy.

An Open Source project such as this would be very profitable for its developers as premium services can features are usually part of the project such as this.  It would be run very similarly to the Open SSL project.
So this would be an open source project to provide the storage, transmission and manipulation, control of Bitcoin by any institution e.g. a bank, or one of the new generation of BitCoin banks that I envisage will be starting up.

It will have  routines to perform the process above which would be Open Source and will be edited by whoever chooses to do that and these of course then would  be able to be used by an institution, typically a bank at this stage but later on people could develop their own smaller BitCoint banks and charge money.

I suspect that  because of the 'honey pot' type nature of BitCoin in a bank that cyber criminals, would be extremely interested in any entity online that is storing s BitCoin and it would relentlessly be attacked.


Maybe then BitCoin can’t have banks, there is no requirement for them to exist with Bitcoin, so maybe people will just store and transmit then personally: Where there are numbers of bitcoin stored in wallets on millions of hard drives or in a particular locations online like Bit locker. 

It will be interesting to see if Wild West style, the bank I was referring to earlier, makes a resurgence.

Comments

Post a Comment

Popular posts from this blog

How do you fix a roll of aluminium foil once it's started spiralling?

-
I had this problem. Seen a post on Reddit .  Old one. " This thread is archived New comments cannot be posted and votes cannot be cast" That is a shame.  As I now have a better answer than any of the posts. Get a pair of tweezers and scrape down from the part of the foil roll that is "stuck".   Don't matter if it digs down into the layer beneath.  Try to maintain even digging across the roll. Worked a treat!
Read more

Why does Premiere Pro "Sequence from clip" on MP4 and then "Match Sequence" result in a massive AVI file?

-
Image
Good Question! You would imagine that just "trimming" an MP4 file with same setting would be quick and painless, but when I tried it the resultant file was massive - like 10x the size of the original file. https://community.adobe.com/t5/premiere-pro-discussions/match-sequence-settings-mp4-to-mpeg-is-this-normal/td-p/11042944 Turns out this is because the .mp4 compression means there aren't really full frames in the file just deltas. So when you select "Match Sequence Settings", it has to give you AVI format anyway. So this is what you HAVE to do.   Go ahead and create your HUGE AVI file.  Then use an app or an online service to compress it back down... I had a good result using  https://cloudconvert.com/avi-to-mp4 It shrunk the 76Mb AVI to less than half a Mb.  
Read more

Churchill's Reaction to Eisenhower's Speech at the English Speaking Union 1951

-
Image
I'm still reading Never Despair Winston S. Churchill  1945-1965 by Martin Gilbert.  It is a bible-sized book, albeit the print is slightly bigger, and it will take me a while yet. Recently I've come across an interesting chapter.   This section of interesting stuff starts on Page 619. Interesting to me, and those Brits and others on the EU side of the Brexit-argument, I've found more compelling evidence to answer the question:  " Would Winston Churchill have been in favour of Britain being in the EU?" .   Of course, I believe the answer (certainly after the War) was that he would have been in favour. Ike Eisenhower made a speech at the English Speaking Union Dinner on July 3, 1951.  Churchill was there.  Churchill didn't actually hear the speech well enough at the time, but read it's transcript the following day.  He was ecstatic when he did. Eisenhower and Churchill The relevant text, of the above mentioned book, is as follows; ...
Read more