Re:Coinbase introduces Vault
by evbots on Wednesday July 02, 2014 @04:17PM
(#7979448)
Bank's don't have that model. Any sane person would have a separate savings account that doesn't really get used. The checking account is meant for variable balances, because your account number is more than likely floating around via checks/online ACH transfers which results in the potential for a security breach.
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Re:Coinbase introduces Vault
by arasmussen on Thursday July 03, 2014 @02:06AM
(#7981706)
So then why don't they just call it a savings account and a checking account? Wallet is an implementation detail at this point that the average user shouldn't have to learn when there's already a word in their vocabulary.
Re:Coinbase introduces Vault
by JetSpiegel on Thursday July 03, 2014 @06:18AM
(#7982273)
Because having Bitcoin deposited doesn't net you interest?
Re:Coinbase introduces Vault
by arasmussen on Thursday July 03, 2014 @04:09PM
(#7985434)
LOL neither does having USD deposited with interest rates nowadays...
also differentiating between the products/services traditional finance uses and the bitcoin ecosystem offers is a good idea.