4 ms·

Bank's don't have that model. Any sane person would have a separate savings account that doesn't really get used. The checking account is meant for variable bal

by evbots 12y ago

Bank's don't have that model. Any sane person would have a separate savings account that doesn't really get used. The checking account is meant for variable balances, because your account number is more than likely floating around via checks/online ACH transfers which results in the potential for a security breach.

arasmussen 12y ago
So then why don't they just call it a savings account and a checking account? Wallet is an implementation detail at this point that the average user shouldn't have to learn when there's already a word in their vocabulary.
- JetSpiegel 12y ago
  Because having Bitcoin deposited doesn't net you interest?
  - arasmussen 12y ago
    LOL neither does having USD deposited with interest rates nowadays...
- evbots 12y ago
  the average user might have to learn a few extra words to understand bitcoin, "bitcoin" being one of them.
- evbots 12y ago
  also differentiating between the products/services traditional finance uses and the bitcoin ecosystem offers is a good idea.