Who owns Coinbase? That's right... the fucking Banksters

To be fair, most funders of Coinbase likely make more off it now than their usual careers. They want to make money like almost everyone else in a capitalist society. People need to stop confusing the terribly structured institution of banking in the US and it’s problems with fraud and government protection while operating as a private entity with bankers. Bankers are doing a job, solely for money like many other people. Bankers are not the problem, banks and the federal reserve system is. Shunning the group that currently controls almost all money in the US is not the way to progress bitcoin. The way to progress bitcoin is show bankers why it is better and convince them to look into our ending financial institutions around it. Once bitcoin is public ally used, we will need thinks like credit for instant transactions and banks to protect currencies for those not technical able to handle theirs. If you really hunk every person will be able to handle having a single piece of paper giving access their entire savings your are insane. The benefit is bitcoin is basically giving the option for current necessary financial institutions to exist, while cutting down fraud and giving the option to individuals that want it to control their money. It takes money out of government control entirely and still allows financial institutions to exist.

/r/Bitcoin Thread