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RE: The NYSE likely has found a bitcoin custody solution for institutional clients!

in #bitcoin7 years ago

I doubt the actual news will be anything like what has been leaked.
I wouldn't be surprised if this is reverse-FUD. Propaganda designed to move the price higher.

Everything the NYSE or ICE figures out to be secure... will be less secure than bitcoin. But, maybe they will figure out multi-sig wallets.

Gold will never be what it was. In the future, it will be a pretty yellow rock. But, before than its price will spike as all prices are inflated by hyper-inflation.

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They are probably taking all the currently available security options, IE storing in cold storage, possibly in a bunker etc. The big take away is that they probably got someone to insure it now though. As long as the products are insured, it's go time.

Imagine a black box / briefcase cold wallet.

Where you have to unlock the case. Open it. Connect it.
Then enter a pass code and turn two keys.

... and then, 100 years from now, the open up thing (because its ancient junk) and they find a ledger nano taped to the bottom of a sheet of aluminum

Lol possibly with a finger print scanner equipped with pulse reading technology? That way if they just cut off your finger they can't get in as there is no pulse.