Author

Topic: Switzerland voting for referendum on Cryptocurrency backed Currency System (Read 503 times)

hero member
Activity: 1778
Merit: 764
www.V.systems
its something along the lines of abolishing the fractional reserve system

though in reality this is just money printing with book marks

i assume this is a step on the path to Crypto


So I guess Switzerland IS The Switzerland of Bitcoin
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
I am Swiss, living in Switzerland, but I never heard about that referendum. It's not a real news...

I confirm. I'm not Swiss, but I spend a lot of time in Switzerland and I've never seen any street ads regarding a "votation" on this matter, nor on cryptocurrency. And I usually pay a lot of attention to my surroundings.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
they dont want to back their fiat with crypto - that is nonsense Roll Eyes . they want to ban normal banks to create money. only the central bank is allowed to do that in their eyes.
legendary
Activity: 1134
Merit: 1000
its something along the lines of abolishing the fractional reserve system

though in reality this is just money printing with book marks

i assume this is a step on the path to Crypto


A national backed digital coin is not a new thing. Already discussed in various threads and posts about existing rumors regarding the try of Bank of Russia and Federal Reserve to study blockchain with the aim to create such kind of currency. The big news (if true because the OP has not given any link which can show the right as it is) is that this time is taken a real action in this direction. Ask the people about this thing. Even the answer could have immense importance in the case of an "yes" even the "no" has its big importance. The began of a road which can be followed by to many other countries. So, if right the news, welcome to this referendum.
hero member
Activity: 876
Merit: 568
( ͡⊙ ͜ʖ ͡⊙)
I am Swiss, living in Switzerland, but I never heard about that referendum. It's not a real news...
legendary
Activity: 2744
Merit: 2462
https://JetCash.com
Well it will be a good thing if it stops reckless lending by banks. Isn't Iceland considering a similar thing?
hero member
Activity: 518
Merit: 500
its something along the lines of abolishing the fractional reserve system

though in reality this is just money printing with book marks

i assume this is a step on the path to Crypto

where did you get this news? Can you provide a link or news source? true, this would be a new step and progress to the world of crypto.
I began to wonder with switzerland step further.
legendary
Activity: 3248
Merit: 1070
so they see crypto as a back up for fiat? maybe they begin to notice how corrupted and fragile is the fiat system, despite showing the opposite with the infinite printing...
legendary
Activity: 1344
Merit: 1000
its something along the lines of abolishing the fractional reserve system

though in reality this is just money printing with book marks

i assume this is a step on the path to Crypto
Jump to: