Quote from: Mike 71 on July 22, 2011, 12:57:44 PM

For those who think about that flexcoin stuff:

Be aware that this is just a central site with a database that stores all ewallets and transfers.

With bringing in some solutions for 'bitcoin problems', it also totally take out the sense of bitcoin. Its centralized, located in one country and has one owner who have to follow the authority of his country. If the owner shut the site down tomorrow (or is forced to), all BTC on this accounts will be lost.

Maybe its useful for some low bitcoins amounts you dont really care if you lose them, but not more!

Greetings
Mike

Mike there are benefits to have a central location... IE: 200 machines each with bitcoin balances is not manageable... the other fact is transfer fees would be free if transferred from flexcoin to flexcoin as compared to bitcoin to bitcoin... which is what this thread is about.

I'm not saying your wrong, because you're not wrong.. I'm just stating that there are some extreme benefits to running flexcoins.