Quote from: geek-trader on January 04, 2012, 11:18:54 PM

Quote from: cypherdoc on January 04, 2012, 08:10:06 PM

the question is "why"?

"banks suck"

If I were only allowed to give a two word reply that would be it.

They won't give me an answer which is unfortunately somewhat normal.
We're resolving it now but it's not simple to mix Bitcoin and conventional finance.
If you lie to the bank about what you do then it's easy enough but it will come back to bite you.
We've been 100% honest and transparent with the banks and while I believe it's the correct way to go about things it takes a considerable amount of time and brings a different set of problems. The amount of volume we do it would be idiotic to try and hide it.

I've explained Bitcoin to more bankers and surprisingly very few know anything about it.
It seems it's still a lot bigger in the tech scene than finance still at this point.

Jered