Zeroday since your from Cyprus and your account was robbed by Laike Bank I would like to hear your opinion on Neo @ Bee for Cypriots.
Seems like an interesting development and a great place to start bitcoin adoption.
Just some background info
Neo offers Cypriot residents depository and financial services. Customers can open demand deposit, savings, business, and merchant accounts. Though all customer deposits are held in full reserve in Bitcoin, many customers will use Euro-pegged accounts, allowing them to interact with their money like they would with Euro deposits at any traditional bank. Accounts will also be available that offer full exposure to the Bitcoin price level. Regardless of which currency they bank in primarily, all customers can seamlessly deposit, withdraw, or transfer either Bitcoin or Euros. Neo simplifies Bitcoin usage, to enable simple, easy transfers without requiring understanding of the complex technology. Neo will comply with all applicable financial and banking laws and regulations. The Flagship Branch and second branch are both planned to open in February 2014.
https://bt.irlbtc.com/view/289730.0I've taken a look at this thread, and the bank is heavily dependent on the future success of the BTC exchange rate. They argue that a combination of new deposits into the bank re-directed at the BTC market, as well as their reserve funds, will all cover the risk, but it sounds like a gamble to me. Think carefully about this sort of model and the risks it carries.
