Principles of Bitcoin

Principles of Bitcoin

Enter BitBank

Free Banking in Bitcoin Chapter 9, continued

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Korok Ray
Jun 14, 2026
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Last week in Free Banking in Bitcoin, I presented the bitcoin lending bank, which takes deposits and lends out bitcoin. This week, I dive deeper into the concept of a bitcoin lending bank and describe how this new bank, BitBank, would function.

Consider a bitcoin bank in the future called “BitBank.” This bank only accepts deposits and makes loans in bitc…

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