25 ms·

If any industry was waiting for a startup to come along and revolutionize it, it's the banking industry.

by olivercameron 15y ago

dublinclontarf 15y ago
That's already happened you didn't notice (yet), it's called bitcoin.
- beedogs 15y ago
  lol
  - code_duck 15y ago
    Good to see the older users raising the level of discourse here.
- nzadrozny 15y ago
  You might make a case for "happening" with bitcoin, but the banking industry is far from "revolutionized" in the past-tense. Besides which, currency and customer support are two very different pieces of a much larger pie. At best, currency is the "implementation detail" behind a much larger set of day-to-day usability concerns inherent in banking.
  - dublinclontarf 15y ago
    Well given that just with the bitcoin client alone many banking services are either no longer needed or already provided by the bitcoin network. Savings, transfers(much faster than any bank transfer, I mean my bitcoin reaches it's destination before I can finish filling in the bank transfer forms), security. All there. I don't need customer support when there's no problems. I've never had something so easy to use to buy on the internet before.
    - philfreo 15y ago
      I'm not discrediting it's future potential, but the number of things which you can buy with bitcoin right now is extremely limited
- mtogo 15y ago
  You might want to add something to indicate that you were being sarcastic.
  - dublinclontarf 15y ago
    I'm totally serious. Really. Bitcoin; I love the stuff, I'm using it to build an empire all the way from over here in China. And it was because of the difficulty of getting a bank account in the U.S. to do business there (while not being a resident) and in general dealing with banks that pushed me to bitcoin. I've never had something so convienient regarding internet transfers or payments.
r00fus 15y ago
The industry isn't just "waiting" they are actively suppressing the revolution. They know that once you get an upstart with lots of momentum, it could derail the racket they have going on right now. Good luck to BankSimple... it'll be interesting to see how this turns out. For me, USAA is quite adequate for the time being.
- olalonde 15y ago
  > The industry isn't just "waiting" they are actively suppressing the revolution. With some help of legislators ;)

If any industry was waiting for a startup to come along and revolutionize it, it's the banking industry.

dublinclontarf 15y ago

That's already happened you didn't notice (yet), it's called bitcoin.

beedogs 15y ago
lol
- code_duck 15y ago
  Good to see the older users raising the level of discourse here.
nzadrozny 15y ago
You might make a case for "happening" with bitcoin, but the banking industry is far from "revolutionized" in the past-tense. Besides which, currency and customer support are two very different pieces of a much larger pie. At best, currency is the "implementation detail" behind a much larger set of day-to-day usability concerns inherent in banking.
- dublinclontarf 15y ago
  Well given that just with the bitcoin client alone many banking services are either no longer needed or already provided by the bitcoin network. Savings, transfers(much faster than any bank transfer, I mean my bitcoin reaches it's destination before I can finish filling in the bank transfer forms), security. All there. I don't need customer support when there's no problems. I've never had something so easy to use to buy on the internet before.
  - philfreo 15y ago
    I'm not discrediting it's future potential, but the number of things which you can buy with bitcoin right now is extremely limited
mtogo 15y ago
You might want to add something to indicate that you were being sarcastic.
- dublinclontarf 15y ago
  I'm totally serious. Really. Bitcoin; I love the stuff, I'm using it to build an empire all the way from over here in China. And it was because of the difficulty of getting a bank account in the U.S. to do business there (while not being a resident) and in general dealing with banks that pushed me to bitcoin. I've never had something so convienient regarding internet transfers or payments.

r00fus 15y ago

The industry isn't just "waiting" they are actively suppressing the revolution. They know that once you get an upstart with lots of momentum, it could derail the racket they have going on right now. Good luck to BankSimple... it'll be interesting to see how this turns out. For me, USAA is quite adequate for the time being.

olalonde 15y ago
> The industry isn't just "waiting" they are actively suppressing the revolution. With some help of legislators ;)