Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ʉ Umbrella | Insured Cryptocurrencies | BITTREX | Litecoin Insurance
by
NoobKidOnTheBlock
on 28/10/2014, 16:27:26 UTC
Quote from: Harley997 on October 28, 2014, 04:23:57 PM
Quote from: Heliotrope on October 28, 2014, 04:14:27 PM
Quote from: flapman1 on October 28, 2014, 04:09:23 PM

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.
Yep, this guy knows his shit. At the end of the day no one can stop crypto and whether the banks/government like it or not it WILL take over them in the next 20 years. The only thing they can possibly do is by accepting it and making the most out of it just like PayPal, Ebay etc.. Paypal had it's own payment system but they knew crypto would soon take over so now paypal jumped on ship with crypto and now sell shares in paypal as they know it won't be around for ever!

This is something every smart businessman does, rinse it, just as it's about to turn south start selling the business off in little chunks to other businesses etc.
I totally agree Harley and the funny thing is that so many people were interested in get rich quick scheme shitcoins that it suprises me that it took crypto this long for someone to finally come up with an idea like Umbrella did Smiley They are definitely pioneers in a whole new world of cryptocurrencies and I must admit I'm glad I got back into trading when I did Wink hehehe