Bitcoin May Be the Global Economy's Last Safe Haven

[apaprocki]

http://www.businessweek.com/articles/2013-03-28/bitcoin-may-be-the-global-economys-last-safe-haven

[pagekicker]

Unlikely.

[cinquemb → pagekicker]

tell that to the cypriots.

FDIC: $25 Billion In Insurance US Bank accounts: $9,283 Billion In Deposits $297,514 Billion In Derivatives

~Occ.gov

tell me if those three lines balance out? :P

cyprus was the canary in the mine… and one would be a fool to think this is not more systemic to the entire global banking system…

[pagekicker → cinquemb]

I am entirely willing to believe that there are huge problems with the entire global banking system, but I think it is extremely unlikely that bitcoin or any other techno solution is going to be the result of a collapse. IMHO we're a lot more likely to go back to Victorian-era commodity-based currencies. Just my opinion, though.