I would like to see banks operate Bitcoin accounts.
This is completely antithetical to bitcoin. Upon reading that sentence, I thought surely this is a joke.
Not only is a bank account for bitcoins completely antithetical to the very notion of bitcoin, but it eliminates any need for bitcoin's central innovation, a distributed, unified verification system in the form of a 'blockchain,' generated by a clever utilization of P and NP.
Money is fungible, it doesn't really matter if I have dollars, or pesos, or yen in my bank account. The only reason you want a bank account for bitcoin is because you want a bank account with magic internet money that magically, irrationally increases in value until it doesn't. And you don't want the headache of worrying about all the potential missteps when messing about with your magic internet money.
This is completely antithetical to bitcoin. Upon reading that sentence, I thought surely this is a joke.
Not only is a bank account for bitcoins completely antithetical to the very notion of bitcoin, but it eliminates any need for bitcoin's central innovation, a distributed, unified verification system in the form of a 'blockchain,' generated by a clever utilization of P and NP.
Money is fungible, it doesn't really matter if I have dollars, or pesos, or yen in my bank account. The only reason you want a bank account for bitcoin is because you want a bank account with magic internet money that magically, irrationally increases in value until it doesn't. And you don't want the headache of worrying about all the potential missteps when messing about with your magic internet money.