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.
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