Bit Coin needs a trusted exchange that can both exchange bit coin and store bit coin.
The good news is there are applications under development giving the user total control and secure back up.
Bitcoin is very young and is maturing rapidly.
Bitcoin currently does not have any central bank and is decentralised not needing a central bank.
Bitcoin has a flaw in the human being that uses it and how they protect it and store it.
Bitcoin could branch off into two paths
1. A fully compliant Bit Coin Bank (BC Bank) with a secure exchange but each user would need to be identified and the owner of the bank and the exchange will be licensed and known.
2. A totally anonymous system with an exchange that no one knows who owns it.
Interested in setting up a BC Bank email info@bcbank.co.uk
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