I don't see the advantage of holding paper from a bank in bitcoin. I think is better to invest and implement a good security in cold storage and then you put your saving in bitcoin in a secure place.
Bitcoin is not a hard asset like gold, you can have it on a simple USB key and also it doesn't take much space like gold.
Topic: Banks gonna do what banks gonna do.... - page 2. (Read 845 times)
A Swiss bank has started selling paper as bitcoins, in the place of real bitcoins. In the same way that since the ancient times, they stored your gold and gave certificates, which then became money!
Only this time, we can store real bitcoins (as oppossed to real gold) and don't really need the bank!
Read up!
https://cointelegraph.com/news/swiss-bank-extends-bitcoin-investment-opportunity-to-germany-austria
Yes i agree and the Banks are just looking for profit and today they try to scam bitcoin's users with selling paper as bitcoin, let's against this method scam of Bank, because we can become a Bank with bitcoins. Only this time, we can store real bitcoins (as oppossed to real gold) and don't really need the bank!
Read up!
https://cointelegraph.com/news/swiss-bank-extends-bitcoin-investment-opportunity-to-germany-austria
A Swiss bank has started selling paper as bitcoins, in the place of real bitcoins. In the same way that since the ancient times, they stored your gold and gave certificates, which then became money!
Only this time, we can store real bitcoins (as oppossed to real gold) and don't really need the bank!
Read up!
https://cointelegraph.com/news/swiss-bank-extends-bitcoin-investment-opportunity-to-germany-austria
Only this time, we can store real bitcoins (as oppossed to real gold) and don't really need the bank!
Read up!
https://cointelegraph.com/news/swiss-bank-extends-bitcoin-investment-opportunity-to-germany-austria
this is indeed a weird thing that they are offering since there is no need of a bank to securely store your bitcoins and it certainly is not hard to store them yourself in an offline storage.
the only good side of this may be the fact that it encourages more investors to invest in bitcoin in a safe and lazy way! and it may contribute to price and the more adoption bitcoin.
however I am also interested to know what additional features does the bank offer when you choose this way of investing in bitcoin? the article didn't say anything about this part and I am too lazy to go look for the bank site, find if they even say it on their site and even if they allow traffic from my country,... so can someone tell us more about this?
That's cool as long as it's blockchain backed. If it's backed by bitcoin's blockchain there is no problem of it being created out of thing air, unlike the current current system where the money is faked and created out of thing air at will. It's ultimately stupid since the idea of bitcoin is that it's digital but of course the more options the better. Maybe people don't want to carry their phones all the time.
It can't be backed by bitcoin and created out of thin air at the same time. Remember that this was happening with the dollar after WWII and Nixon had to stop it in the 70's. Too many dollars created for the gold that exists.
It is a way to cause inflation to a deflationary asset. They are doing the exact same thing with gold nowadays. You never get delivery of the gold that you buy, so they can sell more gold than there really is.
Remember people! Always get delivery of your bitcoins. That's the only way for their real price to materialize!
That's cool as long as it's blockchain backed. If it's backed by bitcoin's blockchain there is no problem of it being created out of thing air, unlike the current current system where the money is faked and created out of thing air at will. It's ultimately stupid since the idea of bitcoin is that it's digital but of course the more options the better. Maybe people don't want to carry their phones all the time.
This is an interesting development, maybe they will try to do to bitcoin what they are doing to gold right now to suppress the price of gold using paper gold and that way they keep the price in check, this is a smart maneuver by the banks because if the price of bitcoin keeps increasing this could bring the attention of the people.
A Swiss bank has started selling paper as bitcoins, in the place of real bitcoins. In the same way that since the ancient times, they stored your gold and gave certificates, which then became money!
Only this time, we can store real bitcoins (as oppossed to real gold) and don't really need the bank!
Read up!
https://cointelegraph.com/news/swiss-bank-extends-bitcoin-investment-opportunity-to-germany-austria
Only this time, we can store real bitcoins (as oppossed to real gold) and don't really need the bank!
Read up!
https://cointelegraph.com/news/swiss-bank-extends-bitcoin-investment-opportunity-to-germany-austria
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