Post
Topic
Board Press
Re: [2017-06-19] Why banks need to start offering cryptocurrency wallets
by
bbc.reporter
on 20/06/2017, 00:51:56 UTC
> Etherium

Misspelling the name of the technology is not a very promising start of the article.

It's not even a typo either, since the letter e is ages away from i on the keyboard...

The aim of banks will increasingly be a power grab, in the same way that some online wallets are already starting to do.

Coinbase tries to alleviate the pressure of transaction fees by having their own offchain transactions - people who think they're with Bitcoin for "freedom" might start using this or a bank-based equivalent, in which case the aim of Bitcoin would be lost.

Not only that, online exchanges and web wallets can hurt the fungibility of bitcoin by banning coins coming from gambling sites and other places or that they do not like. Read the article about Coinbase banning a white hat hacker's account for paying ransom to get back people's data. http://www.coindesk.com/coinbase-white-hat-hacker-dont-want-bitcoin/