Sounds more like the Flexcoin guys just want to monopolize the transaction system so that they get a % of the BTCs in their system even though they are basically providing nothing useful. Online wallets are pointless. If you can't run the client on your computer you need to wake up and get your head out of the sand - Flexcoin, Mybitcoin, Instawallet, etc ----> they're all here to siphon *just a bit* of the creme off top.
If you don't want to use any service that charges a fee like tradehill, mtgox, flexcoin, campbx or any other bitcoin service then no one is forcing you to.... regardless you had a valid point regarding the balance displayed and that's being addressed.
Forgive the anger of my previous post - I've been thinking about mybitcoin too much today. Anyway, there is one difference that I still can't figure out here - mtgox, tradehill, etc provide a service to get USD (and other currencies) into an account so you can move BTC<->USD.
- What exactly am I getting from the fee that Flexcoin is charging
- How do I know what the income incentive is to point my mining rig payments to Flexcoin? This isn't mentioned anywhere on the site that I can see.
I understand the solutions you're describing on the site - regarding address and payment flexibility/ease - but isn't that more of a "keep the money at flexcoin" vs creating a scalable and community-wide useful system similar to DNS? Basically what you're describing is a BTC DNS system that resolves easy to remember names like "coffee shop" to e55bbc849e5d9ac825a5a69942af1ad2 (or similarly hard to deal with). But it's nothing more than a remake of Paypal.