what scares me most about bitcoin in the US is that a tiny number of banks that work with the btc startups could mess up the whole thing

Mar 16, 2014 · 9:09 PM UTC

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Replying to @sama
@sama do you know which banks are even working with bitcoin startups?
Replying to @sama
@sama Odd thing about BTC - ppl love the anonymity and trustless idea and then add KnowYourCustomer and bank rules to make it work.
Replying to @sama
@sama How?
Replying to @octal
@octal This risk has impact only on BTC/USD gateways that shouldn’t be important players in the long-term anyway. @sama
Replying to @octal
@octal Point taken, hehe. My take: this risk is temporary and very local, or this whole #Bitcoin thing is a dead-end. @sama
Replying to @sama
@sama @twobitidiot There's the "our bank closed our account" and the VC money. Hopefully most of the better startups get VC money.
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Replying to @twobitidiot
@twobitidiot @blockchain In the end, it's all data processing.