Anthony Watson: Bitcoin Reserve members are the best evangelists I know

Recently, netizen Adam Hall published an article titled "Zero Cost, Zero Fee, Permanent Free Currency Exchange" on the MEDIUM website. In response, Anthony Watson, CEO of BitStore, published an article on his blog, expressing his affirmation and gratitude to Adam Hall, the author of the article and also a BitStore member, and at the same time, he gave a more precise explanation of what Adam Hall said, "BitStore may become a central hub for people to exchange valuable things." The full text is as follows:

No matter where I am, my day always starts at 5am (much to the chagrin of many on the Bitcoin Reserve team). I always start my workday during what I call the quiet time - I log on to social media, read the news, check blogs and network. On August 11, yesterday morning, something caught my attention. I was delighted to see an article by Adam Holt on the MEDIUM website. He spoke passionately and persuasively about the Bitcoin Reserve financial ecosystem and the international value we are creating for it.

Adam’s article perfectly and succinctly captures our business positioning:

“In the near future, Bitcoin Storage may become a central hub for people to exchange valuable things. It can store people’s electronic assets in the cloud service and flexibly convert between different assets and currencies.”

In fact, I can’t think of a better way to describe the vision of BitStorm than this. We are building this hub!

This is a really great article, so I won’t bore you with a full recap. However, there are a few points in Adam’s article that are worth noting. Adam spends a lot of time emphasizing the unique value of Bitcoin Reserve财务透明度. The real-time provable solvency reporting he mentions in his article is powered by our company’s proprietary, patented technology services. This patented technology is called储备分类账和储备链, and we use it in closed chain technology. This reporting allows anyone to see a real-time view of Bitcoin Reserve’s liability to our members, and the total funds we hold in reserve are fully matched to our obligations to our members. What’s more, our reserves are independently审计by a leading audit firm every quarter to ensure maximum security.

Unlike traditional banks or legacy financial services companies that practice fractional deposits (which few mention or realize, but which pose a significant risk to their customers, let alone lend their customers' savings to other financial services companies), BitReserve is the only financial institution in the world全额储备金制度. We fully deposit our customers' deposits one-on-one. As Adam pointed out, "Nothing like this has ever happened in our traditional fiat banking system." Take a moment to think about it. Their account balances. Our members have the peace of mind that the valuables they deposit with our savings system are 100% safe. If there is another global financial crisis like 2008, every member of BitReserve will be able to recover their full amount at any time, 100% feasible, 100% instantaneous. No matter how much risk-free platform BitReserve has established for its members, and no matter whether BitReserve will establish a broader financial ecosystem including governments and regulators.

You may be surprised to learn that at any financial services company in the United States, the maximum amount of savings you can insure is only $250,000. If your bank goes bankrupt or another global financial crisis occurs, you will only get $250,000. The insurance process for these savings can take months. In contrast, at BitStorm, our members' valuables are covered by the world's only one-to-one savings system. In addition, whether individuals, businesses or regulators, we can always know our financial status (including our responsibilities, obligations, and the value of our holdings). I am deeply proud that we are the first company in the world to provide these safeguards. I also hope that we will set an example for more financial services institutions to adopt more safe, transparent and guaranteed value holdings.

Adam talks about the role of our newly developed应用程序编程接口连接比特储. Our platform is constantly evolving and challenging the outdated banking system. Our newly developed API allows any third party individual or institution to effectively use transparent and efficient financial applications and services. Store value in the cloud, free instant remittances, zero-fee currency conversion, and establish industry-leading KYC/AML regulations and industry-best security. And benefit from the above activities. Adam summed it up very well and made a statement: "(BitStore makes) it extremely possible for any entrepreneur to see this gap in the financial market and eventually enter this field without any obstacles."

Bitcoin Reserve is not interested in simple and fundamental incremental changes. We want to change the world. That’s why we are on a journey to develop real, game-changing applications. Together with a group of outstanding Bitcoin Reserve partners, we are working to build a more fair, transparent and free banking future for everyone in the world. Our partners are redefining money based on their own business and customer needs with a global vision. Join us today!

Learn more about becoming a partner by clicking on our developer portal. Let’s do something awesome together! Happy inventing!