"you have transferred control of Bitcoin to the Bitcoin bank." This exists now with charge cards. You load up a card, and you bear risk that the company could

"you have transferred control of Bitcoin to the Bitcoin bank." This exists now with charge cards. You load up a card, and you bear risk that the company could go under. "IE: Using Flexcoins (or any other form of Bitcoin bank) completely defeats the purpose of Bitcoin." I'm not talking about an alternative coin. I'm talking about something akin to what happens now with CHIPS and FedWire, where the dollars are shuffled at a later date but the transactions are approved before it happens.