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by weavejester
5527 days ago
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How do those apply to bitcoin? E-Gold was a private organization that allowed people to open anonymous accounts backed by gold. I can see how this could be construed as a bank. Bitcoins are not backed by anything, and are not managed or owned by any organization. I don't think you could classify the Bitcoin network as a "bank", any more than you could classify any random crowd of people as a bank. |
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