[2014-03-27] Cointrust says his technology can take Bitcoin mainstream

[chufchuf]

With a bitcoin not under your control but under the bank's control, so appealing!

http://www.pcworld.com/article/2127920/cointrust-ceo-says-his-technology-can-take-bitcoin-mainstream.html

[marcus_of_augustus]

Herp, derp ... guess he didn't read the Satoshi white paper, Abstract, first line.

"Regulators we've briefed love our innovative approach to solving the compliance problem because we've given them control over every transaction."

Lol, wtf, are they serious or just trolling?! Regulator control over every transaction is one of the huge problems with the current system.

[cryptoanarchist]

This is why I don't think the powers that be invented bitcoin. They are just way too stuck in their mindset to even conceive of the idea.

[cbeast]

This would help with adoption. It may end up only being a stepping stone toward better trustless wallets.