[mr_spothawk]

> I think Bitcoin functionally bears much more resemblance to a distributed bank than to distributed cash.

This is likely because you don't understand what a bank is, or that you don't understand what bitcoin is, or a combination.

If you're interested in bank-like things that use bitcoin, you could learn more about fedimint.

If you're interested in what bitcoin is, you could just read the white paper[0].

0 - https://bitcoin.org/en/bitcoin-paper

[amalcon]

Interesting how you think I don't know what a bank is, or what Bitcoin is. I know what Bitcoin is; I have read both the whitepaper and (more importantly) most of the code (at the time). I do concede that I have an incomplete understanding of what a bank is, since banks do a lot of different things. Adjusting the money supply and intermediating/securing transactions are both among the things that banks do. Those are the only things Bitcoin does, which is why I think Bitcoin more resembles a bank. Bitcoin can't facilitate offline transactions, which is the main thing cash does that banks don't.

I've tried to look into Fedimint, just because I thought it would help me understand your misconceptions about banks. I will admit to not fully understanding what they are up to, but assuming my scam radar had a false positive it seems to be a privacy-oriented sidechain service. That... doesn't seem particularly relevant here?

[mr_spothawk]

Banks store money, right? Does bitcoin store money?

Banks have accounts, right? Does bitcoin have accounts?