Skip to main content

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

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!

I've had a idea for Boris.

This is what he should do.

He should go to Brussels and demand:

1) End of EU commissioner/president appointments.  These should be directly elected by the Members States populations.. think "US President"-style elections.
2) Move the European Court of Justice or the European Central Bank to somewhere in the UK (not London)
3) End the monthly move of the European Parliament to Strasbourg.
4) Probably a few other things he can come up with...

THEN

Come back to the UK and offer this new deal (and Remain) or full out (with all the implications like loss of NI and subsequently Scotland) to the people in a new referendum.

Spanish verbs

Damn Spanish verbs can be frustrating.  I been trying for 13 years, and still get confused.  Must be the old brain.

I found a great "Cheat Sheet" (for fun try getting a Spanish person to say that :)) on Dummies.com but it a bit long so I cut it down a bit to just the most useful verb endings.

The cheat sheet is only good for regular verbs, and the most important/often used ones are irregular.

So last intercambio I worked with my friend to translate some typical sentences.

Here we are:


My mother was here until today,

Mi madre ha estado aqui hasta hoy,

and she will probably be back in April.

y ella a lo mejor volvera en Abril

We all had a nice time.

Nos lo pasamos bien.

Tanya & Isabel went to Barcelona on Sunday for appointments Isabel had yesterday and today.

Tanya y Isabel fueron a Barcelona dominigo para hacer encargos Isabel tenia ayer y hoy.

They are coming back now and are expected to be at home when Henry and I get there.

Ellos estan volviendo ahora mismo y se espera qu…