Post
Topic
Board Altcoin Discussion
Re: Where are those Bitshares' Shills?
by
StanLarimer
on 17/03/2015, 17:48:31 UTC
But you still appear to support that $100 in BTS is safer than $100 of CHF in a traditional swiss bank. Maybe you should have said "Safer than a Cypriot bank", but I guess that would have grabbed fewer people..

Sadly, its not just Cypriot banks any more.  Cyprus was just a test case.  Meanwhile banking laws in Europe and the US have been quietly changed to allow the same thing to happen there.

So bail outs are history.  Bail ins are the new government-sanctioned plan.  Coming to a bank near you.

This means that legitimate crypto assets can be much, much safer than the new, unbelievably corrupt banking system.

As always, pick your own risk mix.  As I said,

Quote
while banks and cryptos each have their own unique array of systemic risks, blockchain-based systems can be designed to be less vulnerable to the risks of arbitrary actions from unscrupulous governments.

And yes, many (well designed) cryptos share this characteristic - but we are marketing to the users of the vilely corrupt and unbelievably dangerous fiat banking system.  Hence, it's important to mention that BitShares, being a very well designed crypto, is "safer than a Swiss bank".