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I don't really think of them as banks since they don't have access to your private keys (and thus your coins).
by shtylman 14y ago
I don't really think of them as banks since they don't have access to your private keys (and thus your coins).
- pixie_ 14y agoA bank to me is a trusted institution that facilitates financial transactions. Having your private key would not be a requirement for a bitcoin bank.
- shtylman 14y agoI was going by the actual definition of a bank. Things like swipe facilitate transactions but are not banks. Facilitating a transaction does not make it a bank.