>> Is Bitcoin just a redistribution of wealth from one group of people to another?
All commerce is a redistribution of wealth from one group of people to another. Voluntary redistribution of wealth is a good thing.
When properly structured, the wealth flows to those that truly add value, and only voluntarily based on a win-win transaction.
I'll leave it up the reader to decide whether the current banking system, and 'quantitative easing' meet that criteria.
The question I would like asked and answered:
"Why would a bank not accept a business involved in Bitcoin? It looks and smells like capricious behavior. It seems to me that the bank's job should be to make sure deposits are safe, and only withdrawn by the owner directly or through a negotiable instrument. I understand turning down a loan request because the perceived risk might be higher than say a widget manufacturer. But where is their risk with deposits and withdrawals?"
Tron
Founder, CoinCPA
All commerce is a redistribution of wealth from one group of people to another. Voluntary redistribution of wealth is a good thing.
When properly structured, the wealth flows to those that truly add value, and only voluntarily based on a win-win transaction.
I'll leave it up the reader to decide whether the current banking system, and 'quantitative easing' meet that criteria.
The question I would like asked and answered:
"Why would a bank not accept a business involved in Bitcoin? It looks and smells like capricious behavior. It seems to me that the bank's job should be to make sure deposits are safe, and only withdrawn by the owner directly or through a negotiable instrument. I understand turning down a loan request because the perceived risk might be higher than say a widget manufacturer. But where is their risk with deposits and withdrawals?"
Tron
Founder, CoinCPA
If you are quietly involved in criminal activities it is unwise to draw additional attention and publicity by offering services officials might take an interest in.
