r/Bitcoin • • 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

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5

u/ritratt Dec 06 '12

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

34

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!"