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A comment on It’s easier and cheaper to use bank wires than Bitcoin. Parent comment

Re:It’s easier and cheaper to use bank wires than Bitcoin by imagist on Thursday September 29, 2016 @03:14PM (#12607996)
Your analogy between Citibank and Coinbase is telling.

Citibank is, well, a bank. Coinbase is a currency exchange, and more analogous to those Forex booths you see in airports.

There are Bitcoin banks, but putting your Bitcoin into a bank loses the decentralization benefits. Admittedly holding onto your own BTC requires more security than many people are capable of implementing, but better and better solutions are being created to solve this problem.

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Re:It’s easier and cheaper to use bank wires than Bitcoin by rgbrgb on Thursday September 29, 2016 @04:47PM (#12608649)
my impression was that the main use of coinbase is as a hosted wallet (bank) for your coins.
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Re:It’s easier and cheaper to use bank wires than Bitcoin by AsyncAwait on Thursday September 29, 2016 @04:52PM (#12608682)
It has that functionality too, but is indeed mainly an exchange.
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