Bitcoin May Be the Global Economy's Last Safe Haven

businessweek.com

13 pointsapaprocki3 comments

Unlikely.

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…

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.

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