Quote from: the founder (FlexCoin) on November 07, 2011, 02:11:14 PM

Quote from: MemoryDealers on November 07, 2011, 01:26:54 AM

Quote from: cypherdoc on November 06, 2011, 02:07:22 PM

Quote from: MemoryDealers on November 06, 2011, 02:01:22 PM

I think it is more likely that an existing Bitcoin exchange will become a government licensed bank rather than the other way around.

do you ever think mtgox would go this route?

I think it is possible that any of the exchanges could do this, but it takes A LOT of money.
At this time, I doubt any of the exchanges have enough money to do this.

Roger,

My problem with that is that the system is somewhat rigged. I believe that no matter if an exchange or a bitcoin bank did meet the qualifications it still would be denied... they are not going to allow Mt.Gox or Flexcoin to become an "FDIC member bank"

Best regards,
Roger

I think it is good that flexcoin could never become a FED back (if it was going to I would more my coins out). I think the bitcoin community holds business owners to a high standard, than the government ever could.
As a community we need to look within ourselves to solve problems that we see around us. This idea of running to the STATE, the entity that is the reason why bitcoin was created, is dangerous to bitcoin.
The need for money transfers, without the STATE, can be solved by ingenuity.