Topic: [2014-01-23] Wells Fargo Bitcoin summit (Read 1455 times)
Wells Fargo is as dead as MtGox - they just don't know it yet.
With only 60 'members of public' allowed, it's nothing more than a pr exercise.
I think that Wells Fargo is seeing an opportunity to get involved with new technology before other banks are forced to. Wells Fargo has been in business since the 1800's. That is in part from being able to be "forward" in their thinking. They have fallen behind some of the other banks during the past decade. They are probably now realizing that they need to go back to their roots and start looking for ways to gain more ground again. I cheer them on for this and although I have not banked with them I would be thrilled to take business to them if they show that they are open to Bitcoin and begin to provide services for users. We will see what they decide to do though.
Bitcoin is to banking what torrents are to music and video industries... but that means it presents NEW opportunities if they are willing to adapt. The MPAA and RIAA continue to try to resist, while others embrace the new models. For Bitcoin, a bank could offer some services if they see it won't go away. For example, they can store your coins (for a fee) and even offer insurance on the deposit (similar to what they did in the UK just recently). They could also offer services to buy or sell coins, just as they do for foreign exchange currently. Why not? I mean, maybe a bitcoin loan doesn't make sense, but there are other opportunities to adapt. Dare I say it - resistance if futile!
Here's hoping they may look at the opportunities...
interested in videos is there are some ...
"people enter" "door closes" "people with shotguns and wearing gas masks enter from the ground"
Trap!!!!!
Lol seriously though I doubt this bank will actually do anything more than discussing at this time. It's nice to see they have a long-term look though.
Trap!!!!!
Lol seriously though I doubt this bank will actually do anything more than discussing at this time. It's nice to see they have a long-term look though.
does anybody make some videos?
The event is on the 28th, but hopefully someone will.
I think that Wells Fargo is seeing an opportunity to get involved with new technology before other banks are forced to. Wells Fargo has been in business since the 1800's. That is in part from being able to be "forward" in their thinking. They have fallen behind some of the other banks during the past decade. They are probably now realizing that they need to go back to their roots and start looking for ways to gain more ground again. I cheer them on for this and although I have not banked with them I would be thrilled to take business to them if they show that they are open to Bitcoin and begin to provide services for users. We will see what they decide to do though.
does anybody make some videos?
I'll just come out and say it.
We're on the big boy's radar. And this "summit" is just them picking over Bitcoin to see how they can fuck it up - you better believe it. I know people get orgasmic when they see Bitcoin next to a known big-time "name", but this isn't one of those good news kinds of things.
They see it, and they'll try to either co-opt it, front-run it, or lobby the fuck out of it - getting legislation to protect their interests.
Just watch.
Also, another hearty "Fuck You" to the Bitcoin Foundation for getting the ball rolling early on so these bastards have more time to fuck with us.
We're on the big boy's radar. And this "summit" is just them picking over Bitcoin to see how they can fuck it up - you better believe it. I know people get orgasmic when they see Bitcoin next to a known big-time "name", but this isn't one of those good news kinds of things.
They see it, and they'll try to either co-opt it, front-run it, or lobby the fuck out of it - getting legislation to protect their interests.
Just watch.
Also, another hearty "Fuck You" to the Bitcoin Foundation for getting the ball rolling early on so these bastards have more time to fuck with us.
Sooooo wish I could go; alas, I'm stuck in Ohio...
looks like some good news. but when are they going to operate that BTC---USD business? 
After the summit?
looks like some good news. but when are they going to operate that BTC---USD business?
sure it's good news ! If someone goes ... please testimony 
dont think so, i think its great news!
http://www.coindesk.com/wells-fargo-host-bitcoin-event-following-private-summit/
http://www.coindesk.com/wells-fargo-host-bitcoin-event-following-private-summit/
Is it a trap?
Jump to: