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Author Topic: Shouldn't the offcial Bitcoin client be advertised as running your own bank?  (Read 1603 times)
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Let's talk governance, lipstick, and pigs.

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June 18, 2012, 11:20:12 PM

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

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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There is more to Bitcoin than bitcoins.

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June 19, 2012, 01:14:04 AM

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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Your mining rig is on fire, yet you're very calm.
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