OTCbid - Banking crisis shows why Bitcoin is needed more than ever
" From the ashes of Lehman Brothers to this year’s bank failures, Bitcoin has proven itself as a necessary part of the global financial system, writes Mike Belshe, CEO of BitGo.
First they ignore you, then they laugh at you, then they fight you. And then you win.
A mere 15 years after the fallout from the Global Financial Crisis inspired the creation of Bitcoin, a new yet eerily familiar crisis in the world of traditional banking is reminding us that the financial system is more fragile than many would like to believe.
The introduction of Bitcoin is shrouded in mystique — thanks in part to the anonymity of creator Satoshi Nakamoto — but its creation was a logical reaction to the events of the 2008 financial crisis. What we do know: The first appearance of Bitcoin came just two months after Lehman Brothers filed for bankruptcy.
The failure of major financial institutions, ranging from investment banks like Bear Stearns and Lehman Brothers to main street banks like Washington Mutual, shook people’s faith in the banking system. This loss of trust led to the advent of Bitcoin, creating the first decentralized peer-to-peer financial system, doing away with the need to place trust in third parties and intermediaries. This was a revolutionary development that allowed people to “be their own bank” and put individuals on a level playing field with banks for the first time. Rather than being asked to trust a centralized intermediary like a bank with their money, Bitcoin was trustless and allowed people to instead verify in its open-source code.
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3K BTC SELLER IN SWITZERLAND
-8% Gross, -4% Net, Escrow Attorney, Switzerland
NEW: 1K-100K BTC @ -6% gross, -3% net, POC, Bank, UK - Look For Seller
(Buyer : (SKIE CLA-TELE)
Buyer = 3%
Buyerside = 1.5%
Seller side = 1.5%
Start with = 1000 BTC
Buyer is in the UK.
As long as we can get proof of wallet before contract signing.
He is a private wealth fund manager.
SELLER MANDATE ONLY
Interested parties should contact :