Post
Topic
Board Bitcoin Discussion
Re: Should banks offer Bitcoin custody and payment services?
by
mgoldfinger
on 25/06/2014, 10:29:57 UTC
read all of the bank announcements. they only deal with fiat directly. not bitcoins, not baked beans not gold.

if you want bitcoins go to an exchange/localbitcoins
if you want baked beans go to a grocery store
if you want gold go to a pawn shop.

if banks included bitcoins as on of their 'financial products' then regulation will own bitcoins


thanks for the reply. Understand that most banks are staying away from BTC. But what if a Bank would offer such services, that is my question.

Edit: and I do mean a respectable, traditional Bank.

I don't care how much regulation you throw at them. If you let them bitcoins in custody we'll have one billion bitcoins in circulation before a year. They simply can't be trusted.

Thats not possible; Banks can't just create more bitcoins, just like a bank can not produce more gold or simply issue more stocks of a certain company. (that is the beauty of the Bitcoin)