Deutsche Bank Analyst presenting to clients
"We've been seeing some nice routing fees from McDouchebag squared and LuckyDog"
😂
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“HSBC? More like HFSP”
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must be strange a strange feeling for a bank not being able to have fractional reserves on their node
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Fractional reserve banking is entirely possible with Bitcoin, unless regulations forbid it.
I would guess no. Anyone can name any node anything they want. The argument that the node is growing in size can easily be explained too. People see Deutsche Bank and get excited, and immediately open a channel, without verifying.
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I agree it’s probably not them, but I don’t think people seeing the words Deutsche Bank cause them to abandon all logic and immediately open a channel.
Since this post was published yesterday, Deutsche Bank’s node actually hasn’t seen a single new channel added.
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Whenever a node was found on Amboss that might have been Kraken's, it grew immensely without any official word.
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I saw this node a few days ago and figured it was highly unlikely it belonged to the real Deutsche Bank.
Today I checked back in and it continues to grow larger each day (10+ BTC & 150 channels added in 5 days).
I also did some digging and found this CoinDesk article where one of Deutsche Bank’s analysts said the Lightning Network could be promising.
It still feels like a bit of a stretch though, what are the odds this Lightning node actually belongs to Deutsche Bank?
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One more interesting data point, on 1ML it shows that this node is located in Austria.
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Might be an office or on-prem datacenter assuming its actually DB.
Weird that the node is located in Austria
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As the activity on the network increases so will the fees and banks won't resist those
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Are node names the domain names?
Get the ones people/companies will want to buy from you when they onboard to lightning while you can!
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I’m almost positive if banking gets deregulated I can see these traditional banks getting into lightning it makes perfect sense. Bitcoiners May hate it but Bitcoin is for friends and enemies
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When something is up & has to be done in secret it's always one of these 3 to be the first:
  • Deutsche Bank
  • Credit Suisse
  • Softbank
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I may work or have worked for an european bank. Who knows? I can tell you that the bitcoin intranet pointers all pointed towards some chain analysis request form on the crime and corruption investigation department (basically AML lizards). However, a few months ago the link points toward a forum page where people are no joke talking about it albeight from a normie perspective.
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Doing it in secret is very typical for Deutsche Bank. They should be fighting with regulators to make the bureaucracy easier for smaller businesses.
But no, that would mean doing something good. And Deutsche Bank cannot do that.
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