BitShares Forum

Main => General Discussion => Topic started by: karnal on August 12, 2016, 11:06:57 am

Title: Negative Interest Rates in Germany | Perfect Bitshares Plug
Post by: karnal on August 12, 2016, 11:06:57 am

As people slowly begin to realize that money in the bank is not safe money, I couldn't help but write a small article promoting influx of capitals to the crypto ecosystem, namely bitshares.

Have a look: http://steem.link/GqiuA

Title: Re: Negative Interest Rates in Germany | Perfect Bitshares Plug
Post by: BigcoinG on November 15, 2016, 11:02:36 am

I think the idea that money in a bank is not safe is a common fallacy amongst us in the Bitcoin community.

In the UK, we have £70,000 protected by the FSCS should the banks fail. That is a hell of a lot more secure than stashing cash under a bed or Bitcoin on a hardware device. Don't get me wrong, I believe Bitcoin will be a massive force of change, but not for the reason that banks are unsafe - more that they are simply redundant in a developing world of Cryptocurrency.