Ninjastic
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Board Securities
Re: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings
by
mainline
on 11/02/2014, 02:46:46 UTC
Quote from: talktopab on February 11, 2014, 02:36:11 AM
Quote from: EduardoDeCastro on February 10, 2014, 04:59:26 PM
Quote from: NEO-PR on February 10, 2014, 04:38:46 PM
Official response regarding the CBC announcement surrounding Bitcoin:

Date: 10th February 2014

"As the CEO of a leading company that is building the infrastructure surrounding the Bitcoin technology (Neo), I believe the announcement made by The Central Bank of Cyprus surrounding the dangers of using Bitcoin was reasonable. Innovation is always upsetting, not innovating and being left behind as the world evolves has historically proven to be far more dangerous though; if not for vested interests, then for the future generations.
[snip]

Number of Bitcoin banks that collapsed, leaving depositors bawwing:  Each and every one.  All of them.
Number of fiat banks that collapsed, leaving depositors bawwing: Surprisingly, some have not.

Number of Bitcoin banks needed to make Bitcoin possible:  None.  The whole point of Bitcoin.
Number of fiat banks needed to make fiat possible:  At least one.

But yeah, it's hilarious to hear one Cypriot banker calling another Cypriot banker "unsafe" -- as meaningful as "being eaten by 10 sharks is more dangerous than being eaten by 9."

Neo is not a bank

ORLY?  

Quote from: Danny
Neo offers Cypriot residents depository and financial services. Customers can open demand deposit, savings, business, and merchant accounts. Though all customer deposits are held in full reserve in Bitcoin, many customers will use Euro-pegged accounts, allowing them to interact with their money like they would with Euro deposits at any traditional bank.

Look, I understand how sexy banking seems, but trust me:  Bitcoin doesn't need  them.  That's the whole point of bitcoin.  Bitcoin is a car, not a wagon -- stop trying to hitch up a horse to pull it.