Exchanges Will No Longer Have banking problems:
http://www.reddit.com/r/Bitcoin/comments/1dyj70/update_coming_soon_a_private_fiat_bank_to_bitcoin/
I personally think this is huge. We get a whole bank to cater to our needs. Not only will exchanges be safe from any bank account closures, but it also makes buying bitcoin easy. I mean, we get a bitcoin bank - a bitbank - which does not do fractional lending, so its just there to act as a middle man between fiat and btc, but with all the support of a whole banking group.
http://www.reddit.com/r/Bitcoin/comments/1dyj70/update_coming_soon_a_private_fiat_bank_to_bitcoin/
I personally think this is huge. We get a whole bank to cater to our needs. Not only will exchanges be safe from any bank account closures, but it also makes buying bitcoin easy. I mean, we get a bitcoin bank - a bitbank - which does not do fractional lending, so its just there to act as a middle man between fiat and btc, but with all the support of a whole banking group.
Think before you upvote, people.
Quote
TLDR: Reposted from user:doyourduty below:
1) OP comes from a family of bankers
2) Banks aren't afraid of bitcoin, they love the idea of it. The KYC/AML laws are the problem.
3) Too many unaccounted for funds can cause a huge penalty
4) Main problem is bitcoin<-->fiat
5) OP's Solution: An international bitcoin bank in panama where fraudulent activity within a specific account could be dealt with individually instead of screwing everyone (i.e. bitfloor, bitcoin-24)
1) OP comes from a family of bankers
2) Banks aren't afraid of bitcoin, they love the idea of it. The KYC/AML laws are the problem.
3) Too many unaccounted for funds can cause a huge penalty
4) Main problem is bitcoin<-->fiat
5) OP's Solution: An international bitcoin bank in panama where fraudulent activity within a specific account could be dealt with individually instead of screwing everyone (i.e. bitfloor, bitcoin-24)
Fucking ridiculous. Or, to borrow a word from the French, fraudolous.
Same guy who posted the "message from wall-street", asked for BTC, LTC donations, because "wall-street likes money",
but deleted his account after I started pointing out inconsistencies, and promised to poke holes in his bullshit story?
http://www.reddit.com/r/Bitcoin/comments/1cnxr4/hey_reddit_this_is_why_im_shorting_btc_with/
http://www.reddit.com/r/Bitcoin/comments/1chcv0/a_message_from_wallstreet/
Bitcoin will succeed or fail on its own merits.
There is really no need to pump these fabricated bullshit stories.
tl;dr: Upvote good news, upvote bad news, downvote fake news.