Sunday, November 26, 2017

Web Wallet means bank account

Bitcoin Surges Over $9,500 After Korea's 2nd Biggest Bank Tests Crypto Wallet For Customers


I am translating for the high school kids.  

The headline above implies you have an account the bank. The kids like to call it wallet, like they are all cool and stuff.  

Now that we have the semantics, if bitcoiner get a bank account then why doesn't the bank let bitcoin lenders and borrower have a go at the fair trade book? Trading the book is what the high school kids call fractional reserve banking.  I call it, 'trading the book'.  Let's autotrade the book, what fun, get our bots moving.

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