05 Nov '13, 2pm

This Swiss Cryptocurrency Trader Will Store Your Bitcoin In A Nuclear Bunker

This Swiss Cryptocurrency Trader Will Store Your Bitcoin In A Nuclear Bunker

The hills are alive with the sound of bitcoin. Switzerland is famous for its secretive banks, lederhosen, and noisy cuckoo clocks. But during the Cold War the Swiss were also notorious for building enough fallout shelters to house the entire population, out of panic from the threat of nuclear annihilation. Since the collapse of communism many of the estimated 7,000 bunkers fell into misuse, relics of the atomic age. Recently, though, the Swiss government decided to allow private firms to buy or rent some of the shelters. Pondering the utility of these grim concrete monoliths, one cryptocurrency trader saw the perfect Bitcoin vault. Richard Porubcan, a Swiss entrepreneur working under a pseudonym, has started turning several of the old shelters into what he describes as apocalypse-proof Bitcoin bunkers designed to allow super-secure mining, trade or storage of digital cash....

Full article: http://www.forbes.com/sites/jasperhamill/2013/11/05/this-...

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