11–20 of 405 posts
At this point it's definitely mainstream and if enough of the billionaires own it, they can definitely manipulate the price. Not sure how would Governments control this
“You couldn’t pay me to keep it with a bank.” Because if there's one thing banks are known for, it's running off with client assets suddenly and without warning. Oh wait, that's cryptocurrency startups...
I guess you weren't around in 2008. Oh remember those securitized mortgages we sold you? Yeah, they're worthless now. By the way we bought insurance on them becoming worthless, because we were pretty sure this would happen when we sold them to you.
Earlier quoted context omitted.
I guess you weren't around in 2008. Oh remember those securitized mortgages we sold you? Yeah, they're worthless now. By the way we bought insurance on them becoming worthless, because we were pretty sure this would happen when we sold them to you.
There's a difference between keeping cash in a bank which is FDIC insured and putting money in investments; particularly in the US where robbery was/is called investment strategy.
so btc was part of this crazy fake news narrative all along or is this just being made up on the fly and this is your regular click bait churn that is the new norm in journalism? the writing on this has all the telltales of a unresearched fakenews/paid advert, e.g.: "Hackers have also proven adept at setting traps on computers to access cold-storage devices the moment they’re online. More traditional criminals have c…
Earlier quoted context omitted.
I guess you weren't around in 2008. Oh remember those securitized mortgages we sold you? Yeah, they're worthless now. By the way we bought insurance on them becoming worthless, because we were pretty sure this would happen when we sold them to you.
There's a difference between keeping cash in a bank which is FDIC insured and putting money in investments; particularly in the US where robbery was/is called investment strategy.
Earlier quoted context omitted.
I guess you weren't around in 2008. Oh remember those securitized mortgages we sold you? Yeah, they're worthless now. By the way we bought insurance on them becoming worthless, because we were pretty sure this would happen when we sold them to you.
There's a difference between keeping cash in a bank which is FDIC insured and putting money in investments; particularly in the US where robbery was/is called investment strategy.
Looks like in the future people hoard currency instead of spending and investing it then. That ought to be interesting.
It also demonstrates the costs associated with non-reversible transactions, these vaults aren't storing gold ingots or priceless artifacts, just private keys. Banks around the world don't need to worry too much about this (well, within reason) because if somebody manages to break into their digital vault not everything is lost and they can mitigate the damages retroactively.
With bitcoin "if you don't hold the keys, you don't own the coins" but if you do hold the keys you better be absolutely paranoid with them because there's no plan B if they get compromised or destroyed. For this reason I think that even if cryptocurrencies manage to become mainstream many people (including myself) would rather let a bank manage and insure their wallet than manage it themselves. Too stressful otherwise.
“You couldn’t pay me to keep it with a bank.” Because if there's one thing banks are known for, it's running off with client assets suddenly and without warning. Oh wait, that's cryptocurrency startups...
Long argument about instrinsic value
Peaceful resolution where we agree not to kill each other if our portfolios fuck us over
Earlier quoted context omitted.
There's a difference between keeping cash in a bank which is FDIC insured and putting money in investments; particularly in the US where robbery was/is called investment strategy.
FDIC insurance is low, what, 200K ?
>The standard deposit insurance amount is $250,000 per depositor, per FDIC-insured bank, per ownership category.
https://www.fdic.gov/deposit/deposits/faq.html
FWIW, I think it should definitely be higher than $250K. Probably $10M or so.
Earlier quoted context omitted.
There's a difference between keeping cash in a bank which is FDIC insured and putting money in investments; particularly in the US where robbery was/is called investment strategy.
Coinbase is FDIC insured.
Coinbase supports wallets for USD...is it only USD wallets that are FDIC insured?