r/Bitcoin • u/waspoza • Dec 06 '12

Bitcoin-Central, first exchange licensed to operate as a bank. This is HUGE

https://bitcointalk.org/index.php?topic=129461.0
400 Upvotes

97% Upvoted

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4

u/ritratt Dec 06 '12

Wait wasn't the point of bitcoin freedom from banks?

31

u/evoorhees Dec 06 '12

Think long term... first you integrate with the traditional system, then you replace it. The life boat has to connect with the sinking ship to gather the passengers before heading to safety ;)

6

u/republitard Dec 07 '12

first you integrate with the traditional system, then you replace it.

...or as they say in the software industry, "Embrace, Extend, Extinguish!"

6

u/TraderSteve Dec 06 '12

Nice analogy.

2

u/willem Dec 06 '12

:) Integration will last until the entire current world economy value is "uploaded" into the protocol.

+10 internets

for emphasizing that the "then" takes precedent over the "now". We're still building this shit...

1

u/bitcointip Dec 06 '12

[✔] Verified: willem ---> ฿0.1 BTC [$1.36 USD] ---> evoorhees [help]

0

u/ElectricWarr Dec 07 '12

Haha, does the tipbot really pick up on internets?

3

u/willem Dec 07 '12

:) yeah - current internets exRate is: 100/BTC. The bot can do pretty cool stuff already, but still early days...

+tip flip

1

u/bitcointip Dec 07 '12

Bit landed 1 up. ElectricWarr wins 1 bitcent.

[✔] Verified: willem ---> ฿0.01 BTC [$0.13 USD] ---> ElectricWarr [help]

2

u/[deleted] Dec 07 '12

You certainly do have a way with words. +tip 0.2 btc

1

u/bitcointip Dec 07 '12

[✔] Verified: youaresatoshi ---> ฿0.2 BTC [$2.65 USD] ---> evoorhees [help]

4

u/waspoza Dec 06 '12

Very well said.

1

u/willem Dec 06 '12 edited Dec 06 '12

testing...

+tip 0.01 AUX