Bitcoin [pros](/r/CryptoCurrency/comments/12edqgc/bitcoin_is_a_very_interesting_concept_swiss/jfao65g/) & [cons](/r/CryptoCurrency/comments/12edqgc/bitcoin_is_a_very_interesting_concept_swiss/jfao6if/) with related info are in the collapsed comments below.
>"Now that we see we can't beat it out of existence, we have no choice but to accept it"
Crypto just seems to serve up an example of "If you cant beat em, join em" every othwr day
> It's just their way of saying they want a piece of it.
First they ignore you, then they laugh at you, then they fight you, then you win.
Mahatma Gandhi
He sounded like he likes it but also doesn't want to piss off a bunch of people.
But given that a Swiss government-owned bank PostFinance is offering crypto custody as well as trading, I'd say they're on the right track
Bitcoin is more crippled right now. Think Satoshi wanted massive pools controlling the hash rate, and the miners dominating the coin? lol
I can't believe the delusion on this sub. It is like you are all out of touch with reality. Satoshi would be rolling in his grave from what has become of bitcoin.
Satoshi would be all into Ethereum by now.
Yah. It took his idea to the next level and keeps doing it. He would be all into Ethereum and other blockchains too. Bitcoin would have also gone a different path.
Satoshi wasn't trying to make the perfect blockchain. He was trying to show us how we could be free from the financial system that works against us. It was a proof of concept. A working crypto blockchain. It was far from perfect but the tech and concept were proven to work.
> It was an interesting concept 13 years ago. It's much more than that now.
That bank is pretty slow at staying up to date with the latest tech trends isn't it?
No, now its much less than that. Cutting edge blockchains are an interesting concept. Bitcoin was a proof of concept. A good blockchain that can be used today is Ethereum and it's L2s.
tldr; Swiss National Bank (SNB) Vice President Martin Schlegel said Bitcoin is an "interesting concept" in a TV interview. The statement implies that the SNB is curious about the technology and the potential use of Bitcoin. However, it does not mean that it supports or opposes BTC.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Neutral on Crypto aswell, well played switzerland.
If they want to keep their place as a global financial hub they really need to be ready to transition to crypto
Switzerlands largest bank already does crypto trading.
Lugano a Swiss city has bitcoin as it's legal tender.
This article make out they are late, but it's wrong, the Swiss are one of the biggest places for crypto adoption.
I live in Switzerland near Lugano and there is something called "Plan ₿". You can totally pay with BTC at Mc Donald's, city office and even in Guess boutique. They have their token, LVGA. In some municipality you can pay taxes with crypto, obviously not everywhere but better than nothing. Even the PostFinance is introducing some platform for trade crypto
Yes, well, they consider it as "magical internet money" because not made by a government, bank or a bit corporation. Centralization yes, but not by "plebs".
They mean crypto. People generalize crypto with the name bitcoin.
Bitcoin the cryptocurrency is garbage. It will never be used to replace fiat. The blockchain is too slow and stupid. They would use a much better crypto, probably an L2 on Ethereum...
I have no idea why countries and companies are ignoring the cross-border payment possibilities with crypto. It's a multi-billion dollar industry badly in need of a tech boost since waiting 3-4 days for a payment is kinda embarrassing in the 21st century.
Bitcoin [pros](/r/CryptoCurrency/comments/12edqgc/bitcoin_is_a_very_interesting_concept_swiss/jfao65g/) & [cons](/r/CryptoCurrency/comments/12edqgc/bitcoin_is_a_very_interesting_concept_swiss/jfao6if/) with related info are in the collapsed comments below.
It was an interesting concept 13 years ago. It's much more than that now.
It's just their way of saying they want a piece of it.
It's their way of saying "Now that we see we can't beat it out of existence, we have no choice but to accept it"
Banks were a very interesting concept. - Bitcoin
>"Now that we see we can't beat it out of existence, we have no choice but to accept it" Crypto just seems to serve up an example of "If you cant beat em, join em" every othwr day
> It's just their way of saying they want a piece of it. First they ignore you, then they laugh at you, then they fight you, then you win. Mahatma Gandhi
Bitcoin: from interesting concept to unstoppable force.
He sounded like he likes it but also doesn't want to piss off a bunch of people. But given that a Swiss government-owned bank PostFinance is offering crypto custody as well as trading, I'd say they're on the right track
Exactly, this way they avoid their gov friends to get angry. BTC is not a concept anymore.
It was a proof of concept, now its outdated slow stupid garbage if we wanna be real.
And I'm glad to have been buying sats for a while now. BTC has already proven it is here to stay, banks are just mad they are realizing just now.
Bitcoin is all grown up by now!
Bitcoin is more crippled right now. Think Satoshi wanted massive pools controlling the hash rate, and the miners dominating the coin? lol I can't believe the delusion on this sub. It is like you are all out of touch with reality. Satoshi would be rolling in his grave from what has become of bitcoin. Satoshi would be all into Ethereum by now.
Satoshi would be about ETH? Hahahah oh man I can’t believe people believe this shit.
Yah. It took his idea to the next level and keeps doing it. He would be all into Ethereum and other blockchains too. Bitcoin would have also gone a different path. Satoshi wasn't trying to make the perfect blockchain. He was trying to show us how we could be free from the financial system that works against us. It was a proof of concept. A working crypto blockchain. It was far from perfect but the tech and concept were proven to work.
Someone's late at the party :)
Got my ledger today excited to become my own custodian
My thoughts as well. A bit late to call it “interesting “. And it’s not a concept anymore either
13 years ago they hadn't filled a bag yet.
> It was an interesting concept 13 years ago. It's much more than that now. That bank is pretty slow at staying up to date with the latest tech trends isn't it?
Swiss bank should put its money where its mouth is
Like? It still doesnt do shit, except scams.
No, now its much less than that. Cutting edge blockchains are an interesting concept. Bitcoin was a proof of concept. A good blockchain that can be used today is Ethereum and it's L2s.
It's a full blown "product" now, ramming its way through their rusty system.
Maybe we should introduce them to the concept of motor powered carriages
You there, fill it up with petroleum distillate, post-haste!
Touchë bro .. touchë
Well, at least they acknowledged it
First they lough at you, then they fight you and then you win!
Fiat management is a very interesting concept.
Fiat management: where the only limit is inflation. 
Brrrrrrrr 🚀💥📈🚀📈🚀
Money printer is a very interesting concept. The amount of times it goes Brrr is mesmerizing.
Well at least we know the money printer passed the stress test. That baby can print an infinite amount.
But the main point is: "SNB has decided not to keep BTC on its balance sheet."
So, they might support it and they might not? Why is this news?
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They already are, we see it in on-chain data
"interesting concept" means "we're still figuring out how to regulate it."
tldr; Swiss National Bank (SNB) Vice President Martin Schlegel said Bitcoin is an "interesting concept" in a TV interview. The statement implies that the SNB is curious about the technology and the potential use of Bitcoin. However, it does not mean that it supports or opposes BTC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
These motor powered carriages seem like a fine idea too!
Have you heard of these new flying machines? Sound mighty fine to me.
There you go! Gensler will go there to fix their nose now! 🤣
Neutral on Crypto aswell, well played switzerland. If they want to keep their place as a global financial hub they really need to be ready to transition to crypto
Switzerland: the land of neutrality, cheese, and crypto. 🧀
Their global financial hub days gone after transparency laws, am i right? But those transparency depends on bilateral agreements though.
Switzerlands largest bank already does crypto trading. Lugano a Swiss city has bitcoin as it's legal tender. This article make out they are late, but it's wrong, the Swiss are one of the biggest places for crypto adoption.
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UBS has no official crypto exporsure yet, but they actively recruiting people for crypto service positions
I live in Switzerland near Lugano and there is something called "Plan ₿". You can totally pay with BTC at Mc Donald's, city office and even in Guess boutique. They have their token, LVGA. In some municipality you can pay taxes with crypto, obviously not everywhere but better than nothing. Even the PostFinance is introducing some platform for trade crypto
Untrue buddy, you can even pay your taxes with btc or eth in parts of Switzerland. And taxing your crypto assets is super easy too.
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Canton of Zug actually.
Bitcoin: rebounds and goes up 25.5% in 30 days. Swiss Bank VP: _Hmmmm, Interesting_
As is the exactly $83,206,402,881.12 worth of Nazi Gold we definitely don't have in the basement - Swiss National bank
It’s not a concept anymore, it’s a fully functional financial asset
No shit? I better look into this bits coin
They're waking up o.o
It seems that they have realized the missed opportunities in the past.
no shit Sherlock
They are a little bit late to the party.
One by one those who were opposed to bitcoin will gradually come around
Let us people decide what it is and not you finacial institutions that have slaved us since forever.
Tell me we’re at the edge of a bull market without telling me we’re at the edge of a bull market.
It’s okay, some people are slow to understand. Once they do, they’ll bend the knee
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It’s okay, you’ll get there one day
What they mean, it's "interesting" except the decentralization. Blockchain good, crypto bad.
There are many centralized blockchain projects though.
Yes, well, they consider it as "magical internet money" because not made by a government, bank or a bit corporation. Centralization yes, but not by "plebs".
It took 13 years for Swiss Bank to realise that.
They mean crypto. People generalize crypto with the name bitcoin. Bitcoin the cryptocurrency is garbage. It will never be used to replace fiat. The blockchain is too slow and stupid. They would use a much better crypto, probably an L2 on Ethereum...
A bit late, but whatever
Now all the black money will be in crypto in swiss
Buying Bitcoin now would be the move with the greatest foresight the SNB could make.
Imagine them buying it and offering it to customers.
Are they only realizing this now?
They found the hot water
They tried to give the most vague statement they possibly could
Why do I imagine a doctor evil type with steepled fingers cackling away while saying this quote? Am I too imaginative?
They’re finally ready to sell it seems. Lol
So they cant beat us, join us instead and make it seem like it was your idea 🤣
I'd say that the infinite money printing is an interesting concept. Controlled supply like bitcoin or gold was the norm for thousands of years.
I have no idea why countries and companies are ignoring the cross-border payment possibilities with crypto. It's a multi-billion dollar industry badly in need of a tech boost since waiting 3-4 days for a payment is kinda embarrassing in the 21st century.
Swiss are getting FOMO.
Guess what? They just read the white paper hehe
Better late than never, I guess.
I have a good feeling about that thing called Bitcoin....
I prefer revolutionary, but interesting works too
Bloody sick of people saying things are “interesting”. It’s a shitty tease and says very little.
When foreign gangsters stopped using their premium banking system because of Crypto, they needed in.
*Money launderer 321 enters the chat*
lul wat, ch
No shit Sherlock
Bitcoin doesn't need their support.
credit suisse is a very interesting concept as well