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Title: Bitcoin gets official backing Post by: monstrs on December 12, 2012, 07:11:51 AM http://www.fudzilla.com/home/item/29778-bitcoin-gets-official-backing
This means, that more will choose to use BTC, good news. Title: Re: Bitcoin gets official backing Post by: crazyates on December 12, 2012, 07:50:56 AM Huh, interesting. It's going to be an interesting road the next 5-10 years as Bitcoin catches on as a usable currency. It's good to see some progress! I can't wait until the day I can make mortgage payments with BTC.
Reminds me of this XKCD comic. "It may be a jewel of open source, but Bitcoin is just a currency. You buy stuff with it. What the hell is wrong with us?" http://imgs.xkcd.com/comics/perspective.png Title: Re: Bitcoin gets official backing Post by: Blazr on December 12, 2012, 07:53:49 AM Quote Bitcoin has won the right to operate as a bank This made me lol. It was an exchange that won the right to operate as a bank. Its a pretty misleading article. Title: Re: Bitcoin gets official backing Post by: greyhawk on December 12, 2012, 09:32:53 AM Quote Bitcoin has won the right to operate as a bank This made me lol. It was an exchange that won the right to operate as a bank. Its a pretty misleading article. Only it hasn't. They're operating as a payment processor. Wait, that's still not right. They're working WITH a payment processor that's associated with a bank, so that EUR deposits are now insured (BTC deposits are still not). This is a step towards.... towards..... uhm, anyone help me out here? Title: Re: Bitcoin gets official backing Post by: Endgame on December 14, 2012, 12:17:00 PM I'm amazed at some of the articles people have written on this topic. Partnering with a PSP is very different to operating a bank.
Title: Re: Bitcoin gets official backing Post by: monstrs on December 15, 2012, 07:42:30 AM So any real proof seeing something, that these news help BTC to get more popular?
Title: Re: Bitcoin gets official backing Post by: Gatorhex on December 15, 2012, 04:18:57 PM "it means that bitcoins has protection on balances held at the exchange."
IF THE ABOVE WERE TRUE... It would be a big deal for anyone who has a large amount of coins because of the €100,000 protection European bank accounts get. BUT THE REAL TRUTH IS HERE... https://bitcoin-central.net/s/aqoba-partnership It sounds like the equivalent of getting a credit/debit card processing account. Title: Re: Bitcoin gets official backing Post by: monstrs on December 16, 2012, 12:56:48 AM So the article was misleading i guess :)
Title: Re: Bitcoin gets official backing Post by: SgtSpike on December 18, 2012, 06:02:21 PM Backing? Uh, no. Backing would mean someone guaranteeing to buy all Bitcoins in existence at a certain price. Someone might back Bitcoin with $21 million held in escrow guaranteed to buy any and all Bitcoins for $1 each, for example.
Not only that, the article is wrong about Bitcoins being protected from a company bankruptcy. Only Euro balances are protected. Bad fudzilla writer is bad. |
