Roberts Re: Virtual
The reason I titled my post "virtual" is because a place like coinbase does not have to use the "cash" as anything but a simultaneous notional exchange value. It does not really have to sell your 1st cyber currency for real cash in the real world before buying the 2nd cyber currency in the real world. It is somewhat analogous to a brokerage firm keeping clients trades in house where the stocks street name is the brokerage firm, albeit even easier since the cyberexchange deals with a relatively small number of currencies, albeit thinly traded.
Biting the hand that feeds IT
