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Author Topic: Switzerland=Bitcoin Boom  (Read 1856 times)
Pab
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November 21, 2016, 04:16:39 PM
 #41

Next small news from Switzerland
http://www.coindesk.com/ubs-invest-blockchain-amid-asian-expansion/

Switzerland has long tradition in alternative currencys.His complimentary currency gold frank was born in 1932 and it is still running.Trade volume is very high heavy mns of frank every month.And whatever CERN is in Switzerland internet was born there.Now i am enjoying of his encrypted email proton


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adidas
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November 25, 2016, 07:18:20 PM
 #42

This is awesome. The new innovation for Bitcoin is coming. And i have read an article about new bitcoin shopping mall in Paris. Two good news about Bitcoin in one day. Keep rising, Bitcoin, bring the profit to me. I hope that one day my country will also open the Crypto bank system like Switzerland
Which country would that be?
I don't think it should happen there unless the country is in of the first world and not a third world one or one that is communist like Russia or Cuba is.

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November 30, 2016, 05:29:32 PM
 #43

Did you read today coindesk,Switzerland Central Bank is going to accept bitcoin,boom lets open bank account with BTC in Switzerland
Crazy
http://www.coindesk.com/swiss-government-paving-way-bitcoin-blockchain-banks/

Swiss government is very open I read on the altcoin section that a swiss based company is setting up a crypto currency of their own,anyway this is not a surprise,Swiss banks are known for their secured banking system,some dictators are known to put their cash here.

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yayayo
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November 30, 2016, 05:42:41 PM
 #44

It's clearly a positive move, certainly among the most progressive approaches to Bitcoin yet installed by governments. However it's still bureaucratic compared to the permissionless usability of Bitcoin itself.

Concerning is the institutionalization of Bitcoin as a bank asset, which means that the government expect people to rely on third parties to store their Bitcoin which undermines the very reason for its creation. At least it is positive in terms of adoption: With the SBB ticket machines selling Bitcoin and this initiative, people in Switzerland will be able to buy Bitcoin easily almost anywhere.

Hopefully they make the right choices when it comes to choosing a wallet...

ya.ya.yo!
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November 30, 2016, 06:22:51 PM
 #45

How exactly are they going to accept Bitcoin?

And I guess we will need to go to Switzerland to open a bank account, right?

Since you seem to be a new member around here: with Bitcoin, you don't need a bank account.
You are you own bank, problem solved.

- You can figure out what will happen, not when /Warren Buffett
- Pay any Bitcoin address privately with a little help of Monero:
 on.your.mark, get set, go!
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November 30, 2016, 06:24:53 PM
 #46

Well here in my country we already lost our privacy in dealing with bitcoin, the most popular third party processor in my country requires us to submit our identity ID with selfie holding it, a phone number verification and the postal mail from government institution to confirm our residency.  But I don't mind, we need this service in order for us to take advantage on the opportunity of bitcoin. we are not into illegal activities anyway, so why does it matter.  We can still buy online stuff with full anonymity if bitcoin is only involve, but encashing it is another side of the story.

https://www.ted.com/talks/glenn_greenwald_why_privacy_matters#t-237601

- You can figure out what will happen, not when /Warren Buffett
- Pay any Bitcoin address privately with a little help of Monero:
 on.your.mark, get set, go!
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November 30, 2016, 06:29:22 PM
 #47

Woahhhh no I didn't realize their bank was going to accept bitcoins wtf!? Holy shit guys are you seeing this? I mean I wouldn't put my bitcoins in a bank but lots of old people will want that.

That's good for adoption which is in the end is all that matters!! Right?!
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November 30, 2016, 07:02:44 PM
Last edit: November 30, 2016, 09:43:18 PM by deisik
 #48

Woahhhh no I didn't realize their bank was going to accept bitcoins wtf!? Holy shit guys are you seeing this? I mean I wouldn't put my bitcoins in a bank but lots of old people will want that.

That's good for adoption which is in the end is all that matters!! Right?!

That cannot be said with certainty

But what could be is that banks will obviously use Bitcoin to get more profits, so we can expect the emergence of paper bitcoins, i.e. not real bitcoins but just promissory notes. We have already been there, and it didn't end well. I mean gold certificates that many banks issued in the amounts by far exceeding the amount of gold they actually had in their vaults. That gave rise to many famous bank-runs of the 19th and early 20th centuries



If Bitcoin gets universally accepted, it is just a question of time till we see something like this

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..PROFITBOX..
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November 30, 2016, 07:18:12 PM
 #49

Why all so surprised by this news? In fact, many just dream about that Bitcoin has been recognized officially. And then - it happened. How it will end, nobody knows. But the first step towards the interaction with bankers cryptocurrency
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