Here We Go Then!: Bitcoins Latest News! - GoFuckYourself.com

AdultPornMasta · 12-08-2012, 05:49 PM

http://www.bbc.co.uk/news/technology-20641465

"December 2012 Last updated at 12:07 ET
Virtual cash exchange becomes bank

A currency exchange that specialises in virtual cash has won the right to operate as a bank.

Bitcoin-Central got the go-ahead thanks to a deal with French financial firms Aqoba and Credit Mutuel.

The exchange is one of many that swaps bitcoins, computer generated cash, for real world currencies.

The change in status makes it easier to use bitcoins and bestows national protections on balances held at the exchange.
Federal protection

Bitcoins, and the global network of computers that supports them, first appeared in 2009 and since then it has become a very widely used alternative payments system. Many people "mine" the coins by participating in that network and a growing number of web stores and online firms accept bitcoins as payment. One bitcoin is currently worth about £8 ($13).

Under European laws, the deal means Bitcoin-Central becomes a Payment Services Provider (PSP) that has an International Bank ID number. This puts it on an equal footing with other payment networks such as PayPal and WorldPay. As a PSP it will be able to issue debit cards, carry out real-time transfers to other banks and accept transfers into its own coffers.

The deal was a "significant" step towards legitimacy for Bitcoin, said Vitalik Buterin, technical editor of Bitcoin magazine.

Before now, he told the BBC, it had been hard for novices to get started with bitcoins. The links that Bitcoin-Central, and other exchanges who have also applied to be PSPs, will have to the global banking system will make that much easier as it will become possible to transact with a bitcoin account just like any other bank account.

It also means, he said, that deposits held at Bitcoin-Central would be backed by the same compensation laws and schemes that apply to cash held in other bank accounts. However, he said, this protection only applied to balances held in euros rather than bitcoins.

The move could convince many organisations and businesses to start accepting bitcoins as payment, he said.

"The more we see governments and banks being willing to deal with Bitcoin, the more comfortable a lot of organisations are going to be making the step forward themselves," he said."

Bill8 · 12-08-2012, 09:14 PM

hmmmmm - sounds cool.

So a bitcoin is worth $13 now eh?

sixsax · 12-09-2012, 01:30 AM

Excellent.

Klen · 12-09-2012, 01:52 AM

Hmm,that kind sounds opposite with "government free currency" idea.

sixsax · 12-09-2012, 02:11 AM

Quote:

Originally Posted by KlenTelaris

Hmm,that kind sounds opposite with "government free currency" idea.

Due to Bitcoins infrastructure, full government control will be impossible, but a move like this could help Bitcoins reputation and give it some ground to stand on if governments team up and go full frontal.

BIGTYMER · 12-09-2012, 02:12 AM

BUT

Now it isn't anonymous. They aren't going to give a string of digits a debit card.

onwebcam · 12-09-2012, 02:14 AM

Becoming a bank allows the owners to loan out 10x+ the amount held so they can make movies about how they became rich and go broke doing it.

sixsax · 12-09-2012, 02:18 AM

Bitcoins are still Bitcoins. They're still anonymous just 1 step/transaction away from Bitcoin-Central.

mafia_man · 12-09-2012, 03:18 AM

It's not a bank. They've not even a currency exchange.

They just partnered with some third party company, that also isn't a bank, in order to process wire payments.

Emil · 02-14-2013, 01:47 PM

Reddit (Alexa Traffic Rank: 135) does now accept Bitcoins.

http://blog.reddit.com/2013/02/new-g...tcoin-and.html

Harmon · 02-14-2013, 01:49 PM

Quote:

Originally Posted by Emil

Reddit (Alexa Traffic Rank: 135) does now accept Bitcoins.

http://blog.reddit.com/2013/02/new-g...tcoin-and.html

And Reddit Gold is what? $2 a month? It's more of a symbol than worth anything.

Now go home and grab your fuckin shine box, Tommy...

Emil · 02-14-2013, 02:15 PM

Quote:

Originally Posted by Harmon

And Reddit Gold is what? $2 a month? It's more of a symbol than worth anything.

Now go home and grab your fuckin shine box, Tommy...

Well, I think it's interesting. It's nearly at $30 again and last time people started selling off and it dropped down to under $1.
Load up your mtgox-accounts people so you're ready to buy.

seeandsee · 02-14-2013, 02:49 PM

i am just asking here who is taking control of that "bank" lol

Emil · 02-14-2013, 02:57 PM

Quote:

Originally Posted by seeandsee

i am just asking here who is taking control of that "bank" lol

What are you talking about?

Coup · 02-14-2013, 03:11 PM

Bitcoins are useless

Google Expert · 02-14-2013, 03:16 PM

Quote:

Originally Posted by Bill8

hmmmmm - sounds cool.

So a bitcoin is worth $13 now eh?

$24 last i chcked

this news will bum it up even more

seXXXhub · 02-14-2013, 03:53 PM

Quote:

Originally Posted by Coup

Bitcoins are useless

grandpa .. go home .. u're drunk !

12-08-2012, 05:49 PM	#1
AdultPornMasta Confirmed User Industry Role: Join Date: May 2012 Posts: 1,506	Here We Go Then!: Bitcoins Latest News! http://www.bbc.co.uk/news/technology-20641465 "December 2012 Last updated at 12:07 ET Virtual cash exchange becomes bank A currency exchange that specialises in virtual cash has won the right to operate as a bank. Bitcoin-Central got the go-ahead thanks to a deal with French financial firms Aqoba and Credit Mutuel. The exchange is one of many that swaps bitcoins, computer generated cash, for real world currencies. The change in status makes it easier to use bitcoins and bestows national protections on balances held at the exchange. Federal protection Bitcoins, and the global network of computers that supports them, first appeared in 2009 and since then it has become a very widely used alternative payments system. Many people "mine" the coins by participating in that network and a growing number of web stores and online firms accept bitcoins as payment. One bitcoin is currently worth about £8 ($13). Under European laws, the deal means Bitcoin-Central becomes a Payment Services Provider (PSP) that has an International Bank ID number. This puts it on an equal footing with other payment networks such as PayPal and WorldPay. As a PSP it will be able to issue debit cards, carry out real-time transfers to other banks and accept transfers into its own coffers. The deal was a "significant" step towards legitimacy for Bitcoin, said Vitalik Buterin, technical editor of Bitcoin magazine. Before now, he told the BBC, it had been hard for novices to get started with bitcoins. The links that Bitcoin-Central, and other exchanges who have also applied to be PSPs, will have to the global banking system will make that much easier as it will become possible to transact with a bitcoin account just like any other bank account. It also means, he said, that deposits held at Bitcoin-Central would be backed by the same compensation laws and schemes that apply to cash held in other bank accounts. However, he said, this protection only applied to balances held in euros rather than bitcoins. The move could convince many organisations and businesses to start accepting bitcoins as payment, he said. "The more we see governments and banks being willing to deal with Bitcoin, the more comfortable a lot of organisations are going to be making the step forward themselves," he said." Last edited by AdultPornMasta; 12-08-2012 at 05:57 PM..

12-09-2012, 02:14 AM	#7
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,664	Becoming a bank allows the owners to loan out 10x+ the amount held so they can make movies about how they became rich and go broke doing it. __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.

02-14-2013, 01:47 PM	#10
Emil Confirmed User Join Date: Feb 2007 Location: Sweden Posts: 5,650	Reddit (Alexa Traffic Rank: 135) does now accept Bitcoins. http://blog.reddit.com/2013/02/new-g...tcoin-and.html __________________ Free 🅑🅘🅣🅒🅞🅘🅝🅢 Every Hour (Yes, really. Free ₿itCoins.) (Signup with ONLY your Email and Password. You can also refer people and get even more.)

02-14-2013, 02:49 PM	#13
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	i am just asking here who is taking control of that "bank" lol __________________ BUY MY SIG - 50$/Year Contact here

12-08-2012, 09:14 PM	#2
Bill8 Confirmed User Join Date: Oct 2001 Posts: 1,901	hmmmmm - sounds cool. So a bitcoin is worth $13 now eh?

12-09-2012, 01:30 AM	#3
sixsax Confirmed User Industry Role: Join Date: Aug 2006 Location: Denmark Posts: 213	Excellent.

12-09-2012, 01:52 AM	#4
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	Hmm,that kind sounds opposite with "government free currency" idea.

12-09-2012, 02:12 AM	#6
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	BUT Now it isn't anonymous. They aren't going to give a string of digits a debit card.

12-09-2012, 02:18 AM	#8
sixsax Confirmed User Industry Role: Join Date: Aug 2006 Location: Denmark Posts: 213	Bitcoins are still Bitcoins. They're still anonymous just 1 step/transaction away from Bitcoin-Central.

12-09-2012, 03:18 AM	#9
mafia_man Confirmed User Industry Role: Join Date: Jul 2005 Location: icq#: 639544261 Posts: 1,965	It's not a bank. They've not even a currency exchange. They just partnered with some third party company, that also isn't a bank, in order to process wire payments.

02-14-2013, 03:11 PM	#15
Coup 🚨 PBBC International 🚨 Industry Role: Join Date: Apr 2010 Location: /👁\ Posts: 9,931	Bitcoins are useless