Banks gonna do what banks gonna do....

[Carlsen]

I just took a small look at this investment.
It looks like one of these stocks is traded for about 10$ more than the actual bitcoin price.
Why would anybody pay more for a bitcoin in form of a stock than for a real one?

[serjent05]

I just took a small look at this investment.
It looks like one of these stocks is traded for about 10$ more than the actual bitcoin price.
Why would anybody pay more for a bitcoin in form of a stock than for a real one?

Trust, security, influence, ignorance.  Well probably one of those.  Remember not all people that buying bitcoin are actually researching bitcoin and place where he can buy bitcoin cheaper.   Most of the people often bought stuff that captures their interest the moment a certain stuff is introduced to them.  

[stomachgrowls]

I just took a small look at this investment.
It looks like one of these stocks is traded for about 10$ more than the actual bitcoin price.
Why would anybody pay more for a bitcoin in form of a stock than for a real one?

Trust, security, influence, ignorance.  Well probably one of those.  Remember not all people that buying bitcoin are actually researching bitcoin and place where he can buy bitcoin cheaper.   Most of the people are often bought stuff that captures their interest the moment a certain stuff is introduced to them.  

Thats the nature of people if they saw a certain thing which caught their interest then for sure he/she would engage in to it even without any proper or enough knowledge into bitcoin but i could say its still a good idea.

[xdrpx]

The blanket certificate will be very valuable for those investing in Germany and Austria. I'm sure that many would find it as a viable investment to add along with their portfolio of other investments. Only thing is, as mentioned this seems to have a low impact on the price of Bitcoin, thus we may expect almost negligible price increase or decrease if any, so I don't see much in it for the price, but it's good to see an extended support for Bitcoins on paper/certificates for the two European countries.

[Gloiri]

I think that banks are gonna start their own coins as a example the banks in Holland are already trying this so that is saying  something about the future of the bitcoin itself.

[fiscorcle]

I wish they would do this in my country.

[Kprawn]

I think it is stupid. Why would someone want to own Bitcoin indirectly via a third party, if they have the option to own it directly? This

introduce a trust relationship into Bitcoin, that we do not need. When you own Bitcoin, you should not have to rely on a piece of paper,

issued by some centralized service or entity... You buy it, and you own it 100% or you do not own it at all... if you have to rely on

someone else. Exchanges, where you do not have the Private key for your bitcoins... is the same thing. 

[The_Dark_Knight]

That's cool as long as it's blockchain backed. If it's backed by bitcoin's blockchain there is no problem of it being created out of thing air, unlike the current current system where the money is faked and created out of thing air at will. It's ultimately stupid since the idea of bitcoin is that it's digital but of course the more options the better. Maybe people don't want to carry their phones all the time.

It is very likely or maybe the whole point of this to not have enough bitcoins in order to backup this paper bitcoin, they want to create bitcoin out of thin air, because that is one way the banks earn money and the bitcoin protocol does not allow them to do that.