Quote from: benjamindees on December 07, 2012, 09:54:22 AM

Ironically, your first act after becoming "licensed" is to make a public announcement insinuating that you are a "bank" and that Bitcoins are regulated and insured. None of which, apparently, is true.

We never said we were a bank, we said that we're allowed to do a good part of what a bank does.
We're the first to actually be allowed to hold fiat on behalf of third-parties, if it sounds like marketing talk to you maybe you should re-read the threads about MtGox v. CIC.

Quote from: benjamindees on December 07, 2012, 09:54:22 AM

What marvelous value licensing thus brings to the Bitcoin community! The value of marketing bullshit under color of law!

Interfacing properly the current financial system in a solid way has value to me.
Giving businesses wishing to accept Bitcoin the opportunity to partner with a regulated entity has value to me.
Offering a service where users get both their own IBAN and Bitcoin address within the context of a Bitcoin-aware regulated institution has value to me.

If you don't see value here too bad, just don't use us. We're an option, not an obligation. We won't force anyone. We won't try to bash our European competition using this.

We offer. You take, you don't take. Your call.

Quote from: benjamindees on December 07, 2012, 09:54:22 AM

Of course, as demonstrated by this thread, none of this makes the least bit of difference to the uncritical legalists in the Bitcoin community. All you have to do to gain their unwavering trust and support, apparently, is to say magical words like "regulated," "legal," "institution," "funds," and "insured" enough times to cause their higher faculties to shut down due to authoritative goodness overload, and they begin signing up for your service and handing over all their Bitcoins.

No, doing your homework is sufficient. Go do yours, read about this legal case that was settled in France in 2011. All the info is here.
Then come back and we'll talk

Quote from: benjamindees on December 07, 2012, 09:54:22 AM

Ah well, regardless, good luck in whatever it is you are attempting to accomplish, I suppose. Perhaps it will provide some value to someone.

Thank you !
We respect all opinions, but as stated in the OP, we'll have to agree to disagree.

Peace.