Deutsche Bank Says Good Things about Bitcoin

[roadbits]

Deutsche Bank is one of the latest banks to back blockchain technology. The Frankfurt, Germany based bank has responded positively to the European Securities and Market Authority’s (ESMA) call for evidence on investments using virtual currency and blockchain technology.

http://www.newsbtc.com/2015/08/02/deutsche-bank-says-good-things-about-bitcoin/

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[Pab]

i cant say good words about Deutche Bank,but legislation btc like money in Europe are coming

[Miracal]

That has cleverly resulted in positive publicity of bitcoin. When I come across articles and news posts stating scams, hacks and negative reviews of banks/respected officials in the society, it boils my blood because half the time they don't even know what they are talking about. Some see bitcoin as a way to change the world with electronic money, some people look at bitcoin like digital scrap and won't exist when your power off pc.

[HarHarHar9965]

That has cleverly resulted in positive publicity of bitcoin. When I come across articles and news posts stating scams, hacks and negative reviews of banks/respected officials in the society, it boils my blood because half the time they don't even know what they are talking about. Some see bitcoin as a way to change the world with electronic money, some people look at bitcoin like digital scrap and won't exist when your power off pc.

Yeah man I agree to that, even I lose my cool when I see people talk shit about bitcoin especially when they don't know shit they are talking about. The complaints they have regarding bitcoins are sometimes the features bitcoin provide. The most stupid argument I read today was somebody saying they would choose gold over bitcoin because if there is no power, how will they use bitcoin 

[Amph]

i love deutesche bank i'm using it and it's the best card available right now zero fees on everything so akin to bitcoin if you want, i like that they are talking good things about bitcoin

but they are still not known very well so it might be not a stong good publicity

[AtheistAKASaneBrain]

Where is the actual quote? it doesn't seem clear to me that they are talking about Bitcoin, but once again "blockchain technology". It seems like another case of "forget about Bitcoin, lets talk about the blockchain" idiocy.

[Denker]

Where is the actual quote? it doesn't seem clear to me that they are talking about Bitcoin, but once again "blockchain technology". It seems like another case of "forget about Bitcoin, lets talk about the blockchain" idiocy.

You're right. They are praising Bitcoin's underlying technology. They like "Blockchain technolgy" and "distributed ledgers".
I read several articles in german about that the last. It is not about Bitcoin! Sad but true.

[LFC_Bitcoin]

Good old Angela Merkel is never going to miss out on anything, she's one of the most ruthless leaders I've ever seen. No way will Germany be at the back of the queue if bitcoin ever does become huge. Germany will be right in the mix soon imo.

[countryfree]

The Germans are smart people. I've been there many times, and I enjoyed it each time. It's a clean country with smart people. Then, I'm driving a German car because they're the best in the world. So I'm not surprised they've understood that BTC is great tech. Hey, someone would tell me Satoshi is German, I would believe it.

[BIT-Sharon]

Deutsche Bank says that the trent of US Dollars/Japanese Yen is much firmer and improve better, US Dollars are best wanted by the buyer。 Although Greece， China and staple commodities market still face concerns, the leading trent of US Dollars/Japanese Yen still depends on the improvement degree of American economic data and the expectation of interest rate increase by the Federal Reserve. As the strong improvement of American Labor Market，the Federal Reserve may open the cycle of interest rate increase within this year. As the approach of interest rate increase, if the non-agriculture report this week performs well, US Dollars/Japanese Yen may grow to a record.

[Timelord2067]

The Germans are smart people. I've been there many times, and I enjoyed it each time. It's a clean country with smart people. Then, I'm driving a German car because they're the best in the world. So I'm not surprised they've understood that BTC is great tech. Hey, someone would tell me Satoshi is German, I would believe it.

Satoshi ist Deutsche

[CoinBateman]

This is good news, but I think lately we've been seeing a trend in positive news for distributed and decentralized public ledgers, as well as blockchain technology for fintech. Not so much Bitcoin itself. It seems like Bitcoin has served its perhaps original intent, to provide a social study on what if the financial system could be built in a different way with respect to the emergence of a connected world.

[knowhow]

On the one hand and good over a big Bank open to the technology that the bitcoin uses, but on the other hand the fear that Europe prepare for tax, being good that it will be possible to use the coin in the buying and selling of all today we bought with the euro this in sharp decline.

[HarHarHar9965]

This is good news, but I think lately we've been seeing a trend in positive news for distributed and decentralized public ledgers, as well as blockchain technology for fintech. Not so much Bitcoin itself. It seems like Bitcoin has served its perhaps original intent, to provide a social study on what if the financial system could be built in a different way with respect to the emergence of a connected world.

The only way I can see that happening is government's making their own currency digital and making that cryptocurrency compulsory for all the citizens to trade with, and ban all other currencies. Ofcourse, that would be really terrible and a tough fight to get into, but do you think the govt is going to let go of their establishments so easily? They call it digital trash and then make their own, there are already reports that a few countries are developing their own crypto.

[coinableS]

This is good news, but I think lately we've been seeing a trend in positive news for distributed and decentralized public ledgers, as well as blockchain technology for fintech. Not so much Bitcoin itself. It seems like Bitcoin has served its perhaps original intent, to provide a social study on what if the financial system could be built in a different way with respect to the emergence of a connected world.

Agreed, there's still a lot of the blockchain=good :: bitcoin=bad mentality in the news. The good news though is that more and more people are learning that bitcoin isn't a joke. I'll have people jokingly ask me "can you even buy anything with bitcoin at a real company"?  It so easy now to fire back, yea Overstock, Dish, Microsoft... and they go, "oh really??"  That's all I say, I don't push. Just plant the seed.

[greBit]

On the one hand and good over a big Bank open to the technology that the bitcoin uses, but on the other hand the fear that Europe prepare for tax, being good that it will be possible to use the coin in the buying and selling of all today we bought with the euro this in sharp decline.

The Deutsche bank is not really such a big bank and popular, so that is the very reason not much is publicized, if a much popular bank said something closely similar to crypto, maybe bitcoin would get positive attention and we would benefit from it I am not worried about tax implementations, I have a feeling that people will go against the country and not pay any money they demand. There's a limit to taxes, at some point it just seems like legalized  robbery.

[bornil267645]

Well there are number of banks that have spoken positives about bitcoin. But the reality is they are more interested in bitcoin tech rather than the bitcoin itself.

[NorrisK]

Well there are number of banks that have spoken positives about bitcoin. But the reality is they are more interested in bitcoin tech rather than the bitcoin itself.

If a bank can make money by holding costumers bitcoin rather than euros, why wouldn't they? I foresee banks to start offering bitcoin accounts similar to current bank accounts.

[n2004al]

Deutsche Bank is one of the latest banks to back blockchain technology. The Frankfurt, Germany based bank has responded positively to the European Securities and Market Authority’s (ESMA) call for evidence on investments using virtual currency and blockchain technology.

http://www.newsbtc.com/2015/08/02/deutsche-bank-says-good-things-about-bitcoin/

That's why the German economy is one of the most strong, productive and qualitative economy in the world. They searches and after know the best and adopt it immediately without prejudice. I'm sure that they will go further in this direction. I want to remember here that Germany was one of the firsts country which was very friendly even with bitcoin. According to CNBC http://www.cnbc.com/id/100971898

"Virtual currency bitcoin has been recognized by the German Finance Ministry as a "unit of account", meaning it is can be used for tax and trading purposes in the country."

"Bitcoin is not classified as e-money or a foreign currency, the Finance Ministry said in a statement, but is rather a financial instrument under German banking rules. It is more akin to "private money" that can be used in "multilateral clearing circles", the Ministry said."

"We should have competition in the production of money. I have long been a proponent of Friedrich August von Hayek scheme to denationalize money. Bitcoins are a first step in this direction,"said Frank Schaeffler, a member of the German parliament's Finance Committee, who has pushed for legal classification of bitcoins."