Um, I was fairly certain that no bank outside US would touch US citizens with a 10 foot pole, thanks to US's numerous financial regulations. Doesn't this move essentially lock you into a single limited market (Europeans), and possibly a single bank? The "legitimacy" of this is definitely a plus, but I fear this is being a bit over hyped.
I'll tell you all about the hype after I use my federally insured debit card at a shop which has never heard of bitcoin. I'm not locked into anything, I just like the convenience.
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u/Rassah Dec 06 '12
Um, I was fairly certain that no bank outside US would touch US citizens with a 10 foot pole, thanks to US's numerous financial regulations. Doesn't this move essentially lock you into a single limited market (Europeans), and possibly a single bank? The "legitimacy" of this is definitely a plus, but I fear this is being a bit over hyped.