Quote from: cheezcarls on December 01, 2019, 07:39:41 AM

A bill in Germany, having successfully passed through the Bundestag, the German federal parliament, is suggesting that traditional banks should buy, hold, sell and trade cryptocurrency.

That's all well and good, but what happens if those cryptocurrencies drop 50%, 80%, or 90% or even more while the gov't is holding them? We all know that's a very real possibility, because those kinds of dramatic price movements have been common even with bitcoin. I don't think it's a great idea for taxpayers to be funding speculation in crypto.

Banks might be ailing, but they'll survive. The banking system has survived many shocks to it in the past, and some of them have been brutal. I would question whether crypto will make it rather than if the banks will. There is much less history in the former and less stability as well.

Quote from: hatshepsut93 on December 01, 2019, 04:32:27 PM

Yeah, buying a volatile asset is sure a good way to save banks on the brink of insolvency! /s

Well put and that's kind of what I was trying to say. They might as well take taxpayer money and go to the casino with it and see how that works out for them.