unconfiscatable, unrehypothicatable, un-bail-in-able, uninflatable and unbetrayable
It is safer than a Swiss Bank when it comes to all the corruption associated with the modern banking system.
Much safer than a Swiss Bank from being Enron'ed, MF Global'ed, Cyprus'ed, and Mt. Gox'ed.
It used to be, back in the Day, that Swiss Banks were famous for their privacy and immunity from unscrupulous acts by governments and the global banksters. Not anymore. All the Swiss banking laws have been updated to comply with The Global System which no longer recognizes a banking customer's privacy or even property rights.
Nowhere am I saying that there are zero risks. BitShares (and other cryptos) just provide a new form of safety that consumer's should consider for diversification against these risks. And since the "Safer than a Swiss Bank" is aiming to get the attention of non-crypto-savvy consumers, it is a perfectly reasonable attention getting headline. Naturally, when used, it is important to make sure that the other risks are clearly stated.
But we haven't used this slogan yet in any advertisement anywhere. We just discussed it on bitsharestalk.org as a possible way to reach the unwashed masses. A few of The Usual Suspects grabbed it from there and tried to make something of it out of context here. Nice try.
Just like the general public knows (or should know) that they should diversify against the risk of any single investment vehicle, crypto's provide diversification from many the common mode risks of the Global Financial System.
Surely you know all this.
I understand you are salesman and you have to do the sales pitch, but can we stop such nonsense on this forum please ?
You are quite correct in saying that the banking system as well as the stock market is absolutely corrupt, but how does the corrupt banking system makes viable and feasible the fundamentally flawed "decentralized" crypto currency concept? The latest never ever was safe, decentralized nor allows anonymous transactions and most likely never will be. Bitcoin and in fact all crypto currencies a God given gift of tool for government to expose more control on society, to have the perfect financial monitoring system that records even the smallest 0.0000001 BTC/NXT/BitShares/ETH/etc spending. More importantly, Bitcoin and the blockchain are the perfect tool to implement the ultimate tax collection regime (go and check out why this is happening, Martin Armstrong, David Stockman etc. explain that). No wonder all big banks and central banks have been slowly but surely embracing the blockchain and more or less Bitcoin and perhaps Ethereum. If you understand the concept at least on basic level - and I know you do - you must know that the government
CAN expose full control on all digital currencies including but not limited to control the access to the blockchains, control mining as well as trace all transactions, which latest by definition is the main attribute of the blockchain anyway.
Only a delusional 17 years old enthusiasts (see above that opinion about confiscation of cash vs. crypto currency) think that the current implementation of digital currencies terms of confiscability are safer than having cash or gold. No wonder government so keen to move away from cash, eliminate cash forever and to implement an electronic transaction only finance system. Bitcoin and perhaps a few other crypto currencies will be the crown jewellery top on that totalitarian, absolutely government controlled system.
Now, I guess you understand this. You expect that such centralization by goverment is coming, otherwise you wouldn't role out your centralized system a few months ago. Which is fine, business wise it make sense to comply with laws and regulations and to build a system/business that provides financial regulators, law enforcement and tax departments with full control on the blockchain. But in this case please don't spread the BS about the myth of safe and decentralized digital currency.
On the note of inflation, of course that's another myth. In order to increase the supply or go to PoS the BTC protocol - just as any other protocols that will be big enough at the time and important enough for the government - will be modified in a heartbeat when the government and central banks will request such modification, and miners as well as users will be happily using the hard fork. No other way around that government control.
The only hope if some idealistic but super intelligent individual like TPTB_need_war will build a system that solve the decentralization issue as well as eliminate the CAP theorem flaw, Byzantine generals problem and many other issues that needs to be solved in order to implement a safe and decentralized system. Personally, I doubt such system can be designed, Satoshi, Szabo, etc have not even tried to design such system, but lets hope some smart people are capable to do that.