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2 sats \ 4 replies \ @DarthCoin 27 Nov 2021 \ on: My expectations of a Bitcoin-only bank bitcoin
There is no need for a bitcoin only bank. WE ARE ALL BANKS, WITH OUR NODES. That's all. All the rest is BULLSHIT CRAP
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2 sats \ 0 replies \ @ugmug OP 28 Nov 2021
Bitcoin banks is what will get a lot of precoiners into Bitcoin, IMO. They, and most Bitcoiners, will have to interface with legacy banking systems for some time. Having a Bitcoin specific bank is a net positive than not having one. For everything else, of course you would run your own node.
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2 sats \ 2 replies \ @k00b 27 Nov 2021
The main value add is as a Bitcoin-based interface to the legacy financial system. Most bitcoiners I know still have bank accounts for practical reasons - like qualifying for residential leases, home loans, and that sort of thing.
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2 sats \ 1 reply \ @DarthCoin 28 Nov 2021
If you still use fiat "legacy" system, you are not a bitcoiner.
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2 sats \ 0 replies \ @k00b 28 Nov 2021
Well dang. Most of us wouldn’t use it if we didn’t have to.
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