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Actually, I think that the biggest driver would be if my bank account gave me a bitcoin address that could receive money into which would be immediately transfe
by kybernetikos 13y ago
Actually, I think that the biggest driver would be if my bank account gave me a bitcoin address that could receive money into which would be immediately transferred at the current rate into my account, and allow me to make payments to bitcoin addresses in the same way that it lets me (through online banking) make payments to other bank accounts.
- MichaelGG 13y agoCoinbase could quickly do this as an add-on. They can give you an account and auto-deposit. And sending payments can auto-debit. Apart from latency because they aren't the bank and need to wait for confirmation, it's fairly smooth. (Assuming the purchase supply issue has been fixed.) I would think it'd be extremely difficult for a bank to offer a bitcoin system. It'll be confusing for many users, and open a security problem (once BTC is sent, that's it, whereas intra-bank payments can be reversed). I'd also bet there's some regulatory stuff regarding buying and converting virtual currency.
- kybernetikos 13y agomaybe. At the moment it looks like its US bank accounts only, and then there's the question of what happens if one of the employees absconds with a bunch of money or the company as a whole goes out of business while they've got large chunks of my money. At least in my jurisdiction if any of those things happened to my bank, I would be paid out of government mandated and controlled insurance.