Central Banks Buying Bitcoin + Yellow Vest French Bank Run

yes2crypto (49) 5 years ago

Having new users enter the market and buy for an app should have a positive impact on price. It’s like when Binance used BNB coin to provide discounts on fees. People flocked to buy it. Then they gave higher referral commissions to anyone who held 500 BNB or more - again, resulted in people rushing to buy (significant amounts this time) and new people coming to the market who have money frequently will start with a decent stake in BNB.

Re: organizing a bank run - maybe Proof of Keys was the opening salvo?

$0.25

davidasydney (45) 5 years ago (edited)

Sociologically an organised bank run would be intriguing to watch unfold and the potential ramifications are enormous, dare I even say profoundly stupendous.

More ominous albeit not too surprising is the fact that the 'Britain is broken' protest march against austerity this weekend (organised by the left-wing 'People's Assembly') is proudly waving the hashtag 'yellowvests' whilst on the right brexit supporting activists are voicing their intent to hold demonstrations in British cities under the banner 'hashtag yellowvestsUK'.

I for one am not so overjoyed about these demonstrations but the question has to be asked "are we reaching the point where populations are starting to see huge non-plastic straws breaking the backs of dromedaries?" Not the smoothest path to mass adoption but a definite jolt in that direction. I wonder.

I've edited the post to stop the hashtags being live links. Apologies for meandering onto a slight tangent there.

$0.24

neoicarus (51) 5 years ago

"Don't blame Bitcoin of being useful!"
:)

karenlouisesharp (41) 5 years ago

If they bank run in France..... How long before that spreads like wildfire??? 🙄

2 votes

alexanderhoehne (51) 5 years ago

Wow. If we get a wide spread bank run, we would be in serious trouble. It would be much better, to have a different establishing trigger than such a catastrophe.

4 votes

eric.truesdale (41) 5 years ago

Great point raised. This is fascinating to say the least. It seems as if the payment processors are (without realizing it) doing the very thing they're trying to avoid by censoring people, which is to push them harder into Bitcoin.

And, I think anyone viewing this video know where BTC is going in reference to these central banks and world markets lol.

gbcryptotrader (47) 5 years ago

Another great show, thanks Chris!! Haha, have to love the fact that Gab is now eventually having to allow btc payments!!! Surely they should have known better what was going to happen.

2 votes

stevemason (41) 5 years ago

It seem like every disgruntled group is gravitating toward bitcoin.