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Author Topic: Shouldn't the offcial Bitcoin client be advertised as running your own bank?  (Read 1792 times)
cbeast
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June 18, 2012, 11:20:12 PM
 #21
Fractional reserve banking isn't really banking. Fractional reserve banking is really gambling. You are gambling with money that was not entrusted to you. You are lending money that is taken by debt forced upon citizens and then gambling it. No, I wouldn't call that banking.

[edit] Missed the sarcasm in the last post.  Tongue
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June 19, 2012, 01:14:04 AM
 #22
Quote from: hazek on June 18, 2012, 04:29:57 PM
Forget the word bank, the official client is a ledger and a wallet.

If they don't want the ledger part, direct them to a wallet only client, if they also want a copy of the ledger, they can download the full thing.

Problem solved. (and I do believe this is a problem since I also feel like too many new potential users get discouraged after they unnecessarily download the official client)
Well said.
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December 17, 2017, 11:36:06 AM
 #23
yes
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