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RE: What's bad for Fiat is good for Bitcoin...
Cornel. Google deutsche bank news and their debt based investment in in US based CDS.
Layed off 20k employees. Biggest bank in europe.
We could be facing a huge crisis.
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Yes I saw that news. It is something to keep an eye on for sure. Though US banks are in much better health. It's nothing like 2007 currently.
In Europe, interest rates are pretty much negative, so the economy is totally fucked up... People actually have to pay to keep their money in banks, unless of course you co-own a bank which means you get slightly better rates. That might also be why a lot of banks have reduced opening hours and limited service. What is really disturbing is that Visa is soon going to discontinue the most common card type used by young adults. Other alternatives are about three times more expensive and not covered by basic service package offered by banks. One of the reasons is that the currently used card type always needs active connection to verify the buyer and remaining balance of the card, so it can't be used in smaller moving vehicles like buses or taxis, but can be used for example in cruise ships that have internet connection.
Sounds like the perfect recipe for cryptocurrency adoption. :)
It is... People just haven't found common cryptocurrency with low enough fees and fast enough transaction accept rate.
If only steem had a marketing/advertising campaign...
Steem is one damn good example of what happens when rocket scientists developer computer software... It basically works, but it is expensive and heavy as **ll and usually breaks after first use...
Oh goody...