Post
Topic
Board Project Development
Re: To the owner of http://www.flexcoin.com/
by
marcusaurelius
on 09/07/2011, 10:40:39 UTC
#1: what makes you a bank anymore than mybitcoin or instawallet or even mtgox? why are you the FIRST bitcoin bank?

#2:
Quote
A: Try not to think of us as a traditional bank – we’re not.  We don’t take in bitcoins and loan them out on the other side to turn a profit.  We’re the world’s first bitcoin bank.  There are many different ways we can generate interest for our account holders.  Think outside the box.

So you just keep my money for me? Not loan it out? What is your incentive then?
You give interest? How is that financed? You just a nice guy, giving out bitcoins?

I am highly sceptical of whoever is - on asking them how their stuff works - tell me "think outside the box", as if the burden lay on my side, as if i am to blame for not imagining their business model.