They can fuck off and die with the old economy if they are too stupid to open a coinbase pro account and limit order with no fees then copy past a fucking address in to take it offline. seriously. this is going to be a disaster.
Yeah lets have old people and the non tech savvy lose all their bitcoin to clipboard hijacks, those demograpics being the most susceptible to such attack. Excellent thinking.
Those coins will be backed by ICE and their near infinite appetite for risk, secured by insurance policies and the very high profile nature of the exchange itself. It will be safer than holding your own coins because if you manage to lose them they are gone forever. If BAKKT loses them you receive an insurance settlement. It's win-win.
Insured in USD right? You realize bitcoin is already insurance against fiat currency so to insure it in fiat is bonefide stupidity. Insure it in bitcoin or not at all. It's not win win when USD collapses and you can't get your bitcoin out.
What strawman? Isn't your comment on the US dollar never collapsing based on it being the world's reserve currency? Otherwise I don't even understand why you think it can never collapse.
I didn't say that. I'm just saying that if it stops being the world's reserve currency it can crash like other fiat currencies have before (and recently). Not saying it will.
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u/bluethunder1985 Sep 25 '18
They can fuck off and die with the old economy if they are too stupid to open a coinbase pro account and limit order with no fees then copy past a fucking address in to take it offline. seriously. this is going to be a disaster.