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Author Topic: German Bundesbank thinks bitcoin is 'highly speculative' - lololol!  (Read 722 times)
DGulari
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January 07, 2014, 06:39:52 PM
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"The Bundesbank has become the latest big central bank to warn about the risks of Bitcoin, amid rising concerns from regulatory authorities around the world as the virtual currency grows in popularity.

Carl-Ludwig Thiele, a board member of Germany’s central bank, told the newspaper Handelsblatt that Bitcoins were “highly speculative” due to their high volatility and the way they were constructed."    http://www.ft.com/intl/cms/s/0/3b67e982-7799-11e3-807e-00144feabdc0.html#axzz2pjqwbs8X

 Cheesy Cheesy Cheesy Cheesy Grin

Oh no!  Banks don't like bitcoin.  'It is too speculative!'  Warning!!!   (P.S. - do you really think he has any idea whatsoever as to 'how they were constructed'?  Sure.......)

This coming from the guys who charge 70 Euros for simple international cross currency transactions.  They don't want people to use bitcoin - 'too risky'.  

Dealing with old fashion banks is too risky.  Paying 70 euro for international transaction fees is too risky.  Suffering endless dilution of my wealth via inflation is too risky.

Yeah, right.  Bitcoin is 'highly speculative'.  Here let me speculate something for you Mr. Central Banker Carl-Ludwig Thiele.  I speculate that you will soon be out of a job.  I speculate that bitcoin will severely cripple the banking industry in less than 3 years.  Get your resume out Mr. Central Banker.  You are going to be looking for a new job soon.  

How do you like that speculation? - asshole.

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January 07, 2014, 06:43:28 PM
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Get a grip Carl

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January 07, 2014, 06:52:07 PM
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"The big question is whether this is about to change, as Thiele points out that regulators and central bankers are starting to discuss bitcoin proliferation and, quite possibly, bitcoin regulation."

for sure regulation of blockchain - sha256 driven currencies will happen in 2014.

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January 07, 2014, 06:58:21 PM
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"The big question is whether this is about to change, as Thiele points out that regulators and central bankers are starting to discuss bitcoin proliferation and, quite possibly, bitcoin regulation."

for sure regulation of blockchain - sha256 driven currencies will happen in 2014.



I doubt it Carl was probably just pissed talking about it with his mates.

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