Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be

Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be - Bank Think Article - American Banker

Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be

And Bitcoin is a risky place to store large sums of money. Fanatics will argue it's a better long-term investment than the U.S. dollar, because of the predictable and fixed supply – the algorithm that creates bitcoins is programmed to stop once there are 21 million of them – and who knows how many greenbacks the Federal Reserve will unleash upon the world if the economy keeps limping along. (There are currently about 9.8 million bitcoins in circulation, trading at $9.99 apiece. The last bitcoin is expected to be generated years from now.) But even if the devotees are right, the Bitcoin "wallets" that store the currency aren't FDIC-insured. You can keep your wallet on your computer, where security is up to you, or in the cloud – and like in the pre-FDIC banking days, you choose your cloud wallet provider based on

Full article: http://www.americanbanker.com/bankthink/lightning-fast-di...

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@lax_wanton_chi » 10 Sep '12, 8am
#bitcoin ‶is really interesting because it informs other debates, not necessarily because of what it is itself.″ [link]
@toomuchtheory » 30 Aug '12, 3am
Bitcoin is an idea. It is a model for what could be - should be - a nice alternative to sovereign legal tender over t…[link]
@Tilidia » 28 Aug '12, 10am
[link] RT @OffyVN Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be [ American Banker ]
@OffyVN » 28 Aug '12, 12am
Lightning Fast, Dirt Cheap : Bitcoin is still alive ! [link]
@BillPerrotto » 27 Aug '12, 3pm
Is Bitcoin the virtual currency of the future - [link]
@bitcoinersuk » 27 Aug '12, 12pm
RT @Joshua_Muller: Lightning Fast, Dirt Cheap: #Bitcoin Shows What Banking Could Be [link]
@_Ben_Thomas » 27 Aug '12, 9am
RT @ndebock: Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be [link]
@nzographos » 27 Aug '12, 12am
RT @colindean: Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be [link]
@ariel_kirkwood » 27 Aug '12, 12am
"Transacting off the grid should remain an option even after we phase out paper bills and metal coins." I agree. [link]
@MadeInChimerica » 26 Aug '12, 6pm
recent bitcoin summary, good read [link]
@PlanBnB » 26 Aug '12, 12pm
Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be: I sent the money using Bitcoin, the decentraliz... [link]
@dansturdivant » 25 Aug '12, 6pm
Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be - Bank Think Article - American Banker [link]
@kangasbros » 25 Aug '12, 2pm
RT @LocalBitcoins: Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be [link]
@Nomadprime » 25 Aug '12, 2pm
After reading this Bitcoin experience - I think I'll need to wait until I have lots of free time to experiment. [link]
@BitcoinOz » 25 Aug '12, 12pm
Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be: I sent the money using Bitcoin, the de... [link] #bitcoin
@CMELEAD » 25 Aug '12, 11am
Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be: It took 11 minutes, tops, after I pushed the bu... [link]
@mightybitcoin » 25 Aug '12, 9am
#btctip @iamjohnegan 20 millibits MT "Bitcoin has so much going for it but we still need to be able to exchange it [link]"
@iamjohnegan » 25 Aug '12, 8am
Bitcoin has so much going for it but we still need to be able to exchange it [link] #futureofmoney
@pro2rat » 25 Aug '12, 8am
An assassins dream if I ever did see one [link]
@jonmatonis » 25 Aug '12, 6am
@MarcHochstein You are showing banks how to remain relevant. They could be major players in BTC currency! [link]
@jonmatonis » 25 Aug '12, 6am
From @MarcHochstein, Exec Editor of @AmerBanker: Lightning Fast, Dirt Cheap: #Bitcoin Shows What Banking Could Be [link]
@bartclement » 25 Aug '12, 5am
RT @tuurdemeester: Leuk artikel over Bitcoin in the American Banker: [link]
@tuurdemeester » 25 Aug '12, 5am
Leuk artikel over Bitcoin in the American Banker: [link]
@pcloadlettr » 25 Aug '12, 2am
Ever heard of #BitCoin? No? Well, I know what it is and am still confused on how useful it will be [link]
@jordiguell » 25 Aug '12, 1am
about implementation of #Bitcoin currency and the first design of an economy with #cyborg securities. [link] via @ErikVoorhees
@ShaffinS » 25 Aug '12, 12am
Lightning Fast, Dirt Cheap: Bitcoin Revisited [link]
@CatalystHouse » 25 Aug '12, 12am
Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be [link] via @zite
@MatthieuPA » 25 Aug '12, 12am
Read it! #Bitcoin teaches a lesson to Banks ! [link]
@makingcashfast » 24 Aug '12, 11pm
Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be: You can cash out your bitcoins for fiat money o... [link]
@InsuranceKnows » 24 Aug '12, 11pm
Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be: But even if the devotees are right, the Bitcoin... [link]
@leimer » 24 Aug '12, 10pm
@MarcHochstein enjoyed the article Marc, glad to see you got @dgwbirch involved. Have a good weekend! [link]
@leimer » 24 Aug '12, 10pm
Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be [link] via @MarcHochstein @amerbanker (+ @leimer)
@MarcHochstein » 24 Aug '12, 9pm
"Sounds like a criminal's dream come true": A reader's comment on my #Bitcoin story [link]
@petervan » 24 Aug '12, 8pm
RT @copernicc: “@MarcHochstein: Bracing for merciless critiques from @jonMatonis and @beautyon [link] #Bitcoin” < good experiment and work!
@crichton18 » 24 Aug '12, 8pm
“@coinbase: Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be [link]” cc: @FormosaFountain
@copernicc » 24 Aug '12, 8pm
“@MarcHochstein: Bracing for merciless critiques from @jonMatonis and @beautyon [link] #Bitcoin” < good experiment and work!
@BitCoinReporter » 24 Aug '12, 8pm
New Bitcoin Article by Marc Hochstein on American Banker's BankThink Blog [link] #bitcoin
@bitcoinnews » 24 Aug '12, 7pm
RT @ClubAlpaca: "According to research by @HeatherVescent, 95% of Bitcoin users are male" [link] @MarcHochstein #Bitcoin
@ClubAlpaca » 24 Aug '12, 7pm
"According to research by @HeatherVescent, 95% of Bitcoin users are male" [link] @MarcHochstein #Bitcoin
@BitcoinByte » 24 Aug '12, 7pm
RT @ErikVoorhees: BitInstant in American Banker today - [link] #bitcoin #futureofmoney #banking #finance
@TheMoneyBear » 24 Aug '12, 8pm
RT @AmerBanker: Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be, by @MarcHochstein [link] #Bitcoin #BTC
@Bittirahafi » 24 Aug '12, 8pm
Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be [link] #bitcoin
@bitcoinmoney » 24 Aug '12, 7pm
RT @ClubAlpaca: "According to research by @HeatherVescent, 95% of Bitcoin users are male" [link] @MarcHochstein #Bitcoin
@coinbase » 24 Aug '12, 7pm
Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be [link]
@gojomo » 24 Aug '12, 7pm
RT @AmerBanker: Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be, by @MarcHochstein [link] #Bitcoin #BTC
» 24 Aug '12, 7pm
Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be [link]
@BitcoinByte » 24 Aug '12, 7pm
RT @MarcHochstein: Bracing for merciless critiques from @jonMatonis and @beautyon [link] #Bitcoin
@GJ7300 » 24 Aug '12, 7pm
RT @BankThink: "Banking could be just like #Bitcoin, if it wasn't for all of those pesky Govt regulations that are soooo expensive." [link]
@BitcoinByte » 24 Aug '12, 7pm
RT @AmerBanker: Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be, by @MarcHochstein [link] #Bitcoin #BTC
@AmerBanker » 24 Aug '12, 7pm
RT @BankThink: "Banking could be just like #Bitcoin, if it wasn't for all of those pesky Govt regulations that are soooo expensive." [link]