Topic: Bitcoin store leaves the Bitcoin Foundation. (Read 1472 times)

The Bitcoin Foundation isn't exactly the whos who of reputable bitcoin companies at the moment.

naah I do not think so it is not so easy to hid a fact like that
IMO.

Regards!


♥BTC

It hurts business. Currently most of the community does not have a good view on it.

Never knew Blockchain.info and BitcoinStore is owned by the same man

Business accounts for day to day banking are (generally) current accounts just like personal accounts for day to day banking are current accounts.

My (Ltd company) business bank account is described as a current account by Barclays. It previously used an Abbey business account that came with both a current account and a reserve (savings) account. Both of these were business accounts.

Just do a web search on the phrase "business current account" and see how many banks use that terminology.

And yes I am aware from the other threads that you have had a positive experience, but there are also many people who have not. As I have no experience either way I'm not prepared to call all those people liars or incompetents.

banks are not hostile to bitcoin..

my bank loves bitcoin. i know other people who's bank loves bitcoin.

what banks dont like is account holders saying they are selling 'advertising' through personal accounts and then the bank has to find out later they are selling bitcoins professionally.

its not the fault of bitcoin, it's the lie that causes funds to be frozen while they investigate.

as for the people that say "i phoned a bank and they do not open bank accounts that will be used for bitcoins." these people are talking to head office customer service reps, who have about as much experience of customer service as their previous job roles as shelf stackers at tesco. people need to organize a meeting with their local branch manager instead. sit down with said manager and talk about their business plan in a professional manner without lying.

personal accounts registered through a head office customer service rep, just wont cut it. if you have not spoke to a branch manager explaining your business operations, along with showing your knowledge of wire transfer regulations.. then that is where you(the people) have gone wrong.
(especially if you are going to do more then £800 in one lump or over £12k over a year)

and lastly. the foundation wont open a

its a BUSINESS account they will open
rant over

Given how hostile UK banks are to bitcoin it will be interesting to see if they even manage to open a GBP current account.

Both owned by roger.. Blockchain will be in that spot soon

The most interesting thing in that thread is that they are moving to the UK. "Section 1.1 Principal Office" of their Bylaws state they will maintain an office in DC which, of course, they never did because they're a virtual org. Now they are going to really have their first brick & mortar office and it will be somewhere other than stated in their own charter. What a clusterfuck of maniacal egomaniac geeks. I don't think there's a single upper member of that organization that I would let park my Mercedes if they worked as a valet. They must have completely screwed up all of the meetings in Washington so they are going to give the UK a try now. We will never know how badly they performed in Washington because they don't even keep their own membership informed. The membership must learn what's happening at the foundation from Reddit. lol

It's just that it's incredibly expensive.
Think at MtGox, that paid 10'ooo to be a (gold?) member.

Not sure of what the costs for a platinum membership was (since that it has since then decreased).

Also:

Posted from Bitcointa.lk - #r1Bfd5vk7smAmDeV

Bitcoin store is no longer listed as a platinum member on the Bitcoin Foundation website.

Members of the Bitcoin foundation are befuddled.

https://bitcoinfoundation.org/forum/index.php?/topic/821-blockchaininfo-is-the-new-platimum-member-of-the-foundation/

I guess association with the Bitcoin Foundation is hurting business?

Xtib