"The Bundesbank has become the latest big central bank to warn about the risks of Bitcoin, amid rising concerns from regulatory authorities around the world as the virtual currency grows in popularity.
Carl-Ludwig Thiele, a board member of Germany’s central bank, told the newspaper Handelsblatt that Bitcoins were “highly speculative”
due to their high volatility and the way they were constructed."
http://www.ft.com/intl/cms/s/0/3b67e982-7799-11e3-807e-00144feabdc0.html#axzz2pjqwbs8X Oh no! Banks don't like bitcoin. '
It is too speculative!'
Warning!!! (P.S. - do you really think he has any idea whatsoever as to 'how they were constructed'? Sure.......)
This coming from the guys who charge 70 Euros for simple international cross currency transactions. They don't want people to use bitcoin - 'too risky'.
Dealing with old fashion banks is too risky. Paying 70 euro for international transaction fees
is too risky. Suffering endless dilution of my wealth via inflation
is too risky.
Yeah, right. Bitcoin is 'highly speculative'. Here let me speculate something for you Mr. Central Banker Carl-Ludwig Thiele. I speculate that you will soon be out of a job. I speculate that bitcoin will severely cripple the banking industry in less than 3 years. Get your resume out Mr. Central Banker. You are going to be looking for a new job soon.
How do you like that speculation? - asshole.