Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ʉ Umbrella | Insured Cryptocurrencies | BITTREX | Litecoin Insurance
by
Heliotrope
on 28/10/2014, 16:14:27 UTC

These umbrella coin things break about 20 of the laws the government up to now wasn't bothering altcoins about.  Games over, m8s.


The government is saying that crypto needs to have more protections in place. Something insurance related is at the top of that list. It's how every industry in the world deals with risk, including existing banking infrastructure. ULTC is more likely to be embraced than anything. It's an attempt at replicating an existing, proven business model.