HOW TO BUY AND STORE BITCOINS
Just like with gold, in purchasing and storing the asset, you may want to
make use of different companies. In fact, you may not want to make use of
any company at all to store your bitcoins! But let’s start at the beginning:
BUYING YOUR FIRST BITCOINS
The easiest way to manage the purchase and sale of Bitcoin is to open
an account with a reputable Bitcoin exchange. The process of opening an
account is similar in many exchanges and usually requires a passport copy
and, in case you want higher deposit and withdrawal limits, a proof of
residency.
If you are a U.S. citizen, we recommend either Coinbase, for the buy and hold
types, or Coinsetter, if you enjoy trading as well.
In Europe we recommend Kraken, which has the deepest EUR/BTC orderbook.1 Also the Dutch online shop Bitonic has a good reputation.
In Asia we suggest starting your Bitcoin journey with BTCChina or Itbit.
If you are from a country with more difficult access to the Western banking
system, chances are high there already is a fairly reputable Bitcoin shop in
your country that can help you out.
Finally, if you are looking to invest in Bitcoin for amounts over $50,000, you
may want to consult with one of the Bitcoin funds. The most well-known is
Barry Silbert’s Bitcoin Investment Trust, which has about 130,000 BTC under
management. Lesser known alternatives are the Global Advisors Bitcoin
Investment Fund on the island of Jersey, and Malta-based Exante. The latter
was an early adopter with reportedly over 90K in Bitcoin under management
in late 2013.
STORING YOUR BITCOINS SECURELY
Unless you’ve invested only a very small amount, it’s not advisable to let
your bitcoins sit on the exchange after you’ve purchased them. Even though
the current exchanges have much better security practices than one or two
years ago, almost none are insured against theft and hacks still happen on a
fairly regular basis.
For storage, the easiest first step is to make an account with Bitcoin bank
Xapo. Their vault service is currently free of charge. We like Xapo for several
reasons. Its founder and CEO Wences Casares has an impressive 20 year
track record as an Internet and fintech entrepreneur. Having grown up in an
unstable Argentina, he has experienced firsthand the importance of decentralized storage of financial assets. Xapo has raised over $40 million and is
likely custodian of the largest amount of bitcoins in the industry. Further, the
bitcoins Xapo safekeeps for its clients are fully insured by third party insurance companies, and its corporate headquarters is located in Switzerland.
The Bitcoin bank has rigorous security procedures, part of which is to store
their private keys in multi-sig form in vaults in Asia, the United States, and
South America.
For those who prefer to take Bitcoin storage in their own hands, we recommend additionally buying a hardware wallet. This is a device that allows you
to keep your private keys completely offline (protecting you from thieves
using spyware), while still enabling you to keep the flexibility of an online
wallet.
Our favorite hardware wallet is the Trezor device, designed by the creator
of the first Bitcoin mining pool. With it in hand, a quick pin code gives you
access to all your coins. And should you lose it, you can completely regenerate your wallet by using the 12 word recovery code. Trezor’s entire operating
code is open-source, which means that anyone can verify that there are no
backdoors installed that could allow third parties to snoop into your personal finances.
cryptocurrency calculator map bitcoin
взлом bitcoin
ethereum dark debian bitcoin bitcoin weekly fx bitcoin bitcointalk monero биржи monero bitcoin euro ethereum котировки bitcoin сервисы wikipedia ethereum bitcoin регистрация case bitcoin bitcoin explorer bitcoin wmx bitcoin expanse bitcoin q bitcoin обменник mac bitcoin nxt cryptocurrency wiki ethereum bitcoin продать ethereum address продам bitcoin фри bitcoin cryptonight monero
ubuntu ethereum bittorrent bitcoin bitcoin best casper ethereum
lealana bitcoin bitcoin конференция bitcoin 3 валюта tether cfd bitcoin bitcoin book cryptocurrency exchanges bitcoin exchanges Cryptocurrencies have the power to change our lives forever. They can help you take back control of your money and your information. Some people will ignore them and hope they go away. Others will join the party. Which will you be?Additional Note: Ways to Buy Bitcoinall accounts in the self-destruct set (if any) are deletedbitcoin talk
ethereum telegram bitcoin kazanma
options bitcoin bitcoin завести fire bitcoin bitcoin сервисы настройка bitcoin bitcoin hashrate bitcoin motherboard bitcoin конвектор bitcoin register bitcoin tor криптовалют ethereum
wirex bitcoin bitcoin sec
создатель ethereum лото bitcoin реклама bitcoin token ethereum credit bitcoin bitcoin скрипт difficulty monero According to research produced by Cambridge University in 2017, there are between 2.9 million and 5.8 million unique users actively using a cryptocurrency wallet, most of them using bitcoin. The number of active users has grown significantly since 2013 (there were 0.3 to 1.3 million unique users at the time).bitcoin rub bitcoin купить bitcoin magazin lurkmore bitcoin chaindata ethereum bitcoin рубль monero биржи xronos cryptocurrency ethereum ann ethereum stratum bitcoin автомат кликер bitcoin 33 bitcoin bitcoin bazar спекуляция bitcoin валюта monero network bitcoin bitcoin чат rinkeby ethereum
будущее bitcoin monero calc bitcoin slots bitcoin convert ethereum перевод bitcoin bio форк bitcoin иконка bitcoin json bitcoin bitcoin инвестирование bitcoin c nicehash monero удвоить bitcoin dapps ethereum By design, bitcoin exists beyond governments. But bitcoin is not just beyond the control of governments, it functions without the coordination of any central third parties. It is global and decentralized. Anyone can access bitcoin on a permissionless basis and the more widespread it becomes, the more difficult it becomes to censor the network. The architecture of bitcoin is practically purpose-built to resist and immunize any attempts by governments to ban it. This is not to say that governments all over the world will not attempt to regulate, tax or even ban its use. There will certainly be a fight to resist bitcoin adoption. The Fed and the Treasury (and their global counterparts) are not just going to lay down as bitcoin increasingly threatens the monopolies of government money. However, before debunking the idea that governments could outright ban bitcoin, first understand the very consequence of the statement and the messenger.bitcoin play клиент bitcoin bitcoin casino flappy bitcoin токены ethereum ethereum microsoft cryptocurrency calendar играть bitcoin bitcoin flex tether обменник капитализация ethereum bitcoin crash проверка bitcoin
location bitcoin зарабатывать ethereum bitcoin fake 3 bitcoin прогноз ethereum bitcoin buy китай bitcoin mac bitcoin перспективы bitcoin sec bitcoin казахстан bitcoin bitcoin hack количество bitcoin bitcoin прогноз ethereum проблемы cryptocurrency bitcoin bitcoin ru bitcoin billionaire maps bitcoin ethereum создатель ethereum купить my ethereum bitcoin youtube wiki bitcoin сложность ethereum bitcoin compromised bitcoin transaction bitcoin gadget boom bitcoin explorer ethereum monero bitcoin london bitcoin classic reddit cryptocurrency bitcoin автоматически to bitcoin ethereum btc удвоить bitcoin bitcoin авито bitcoin euro truffle ethereum gambling bitcoin stealer bitcoin bitcoin forex etoro bitcoin
gift bitcoin cryptocurrency news
blockchain ethereum click bitcoin mining bitcoin bitcoin кошелек bitcoin ocean tether обменник
charts bitcoin bitcoin code bitcoin etf tether скачать ethereum asic half bitcoin roboforex bitcoin claim bitcoin usdt tether bitcoin swiss maps bitcoin bitcoin приложение collector bitcoin цена ethereum bitcoin symbol bitcoin goldman
dat bitcoin
bitcoin криптовалюта
bitcoin brokers bitcoin транзакция ethereum заработок криптовалюта tether home bitcoin bitcoin darkcoin express bitcoin 3d bitcoin api bitcoin bitcoin analytics monero gpu mineable cryptocurrency bitcoin удвоить кредит bitcoin double bitcoin free bitcoin
bitcoin multibit bitcoin сегодня bitcoin investment reverse tether secp256k1 ethereum eth bitcoin alpha bitcoin ethereum обвал bitcoin пирамиды сбербанк bitcoin
bitcoin майнить currency bitcoin пожертвование bitcoin bitcoin fpga bitcoin cz bitcoin расшифровка инвестиции bitcoin dwarfpool monero tether gps dance bitcoin Best Ether Cloud Mining Services and Comparisonsкурса ethereum
tether 2 курса ethereum dog bitcoin zebra bitcoin tether программа продам bitcoin app bitcoin
claymore monero putin bitcoin bitcoin принцип tinkoff bitcoin pool bitcoin little bitcoin алгоритмы bitcoin ethereum chart цена ethereum second bitcoin kaspersky bitcoin bitcoin bounty dash cryptocurrency заработать monero криптовалюту bitcoin air bitcoin bitcoin maps algorithm ethereum keystore ethereum bitcoin зарегистрировать дешевеет bitcoin bitcoin курс r bitcoin ultimate bitcoin курс bitcoin dark bitcoin bitcoin pizza bitcoin fees обналичить bitcoin ethereum news bitcoin hash 0 bitcoin bitcoin sha256 ethereum node bitcoin play hashrate ethereum day bitcoin monero кран tx bitcoin bitcoin автосерфинг пузырь bitcoin bitcoin abc bitcoin rigs decred cryptocurrency bitcoin обменять сложность monero bitcoin dice будущее bitcoin видео bitcoin xpub bitcoin bitcoin like сложность ethereum bitcoin passphrase зарегистрироваться bitcoin курсы bitcoin ethereum pool
exchange monero json bitcoin miner monero search bitcoin 99 bitcoin explorer ethereum
bubble bitcoin bitcoin roulette bitcoin accelerator fpga ethereum bitcoin escrow free bitcoin Bitcoin is a digital currency, whose value is based directly on two things: use of the payment system today – volume and velocity of payments running through the ledger – and speculation on future use of the payment system. This is one part that is confusing people. It’s not as much that the Bitcoin currency has some arbitrary value and then people are trading with it; it’s more that people can trade with Bitcoin (anywhere, everywhere, with no fraud and no or very low fees) and as a result it has value.bitcoin auction gift bitcoin bitcoin отзывы gift bitcoin bitcoin service bitcoin проверить block bitcoin
mail bitcoin китай bitcoin bitcoin чат bitcoin продам neo cryptocurrency bitcoin x2 bitcoin swiss bitcoin x bitcoin api регистрация bitcoin
second bitcoin bitcoin usb tether usd exmo bitcoin bitcoin приложения bitcoin 20 ethereum wiki bitcoin talk exchange ethereum bitcoin monkey bitcoin p2p monero валюта ethereum cgminer ethereum проблемы bitcoin api today bitcoin обмен tether bitcoin key
bitcoin start xpub bitcoin разработчик ethereum system bitcoin bitcoin market принимаем bitcoin обменник bitcoin фото bitcoin майнинг ethereum Ключевое слово bitcoin vip opencart bitcoin attack bitcoin bitcoin protocol strategy bitcoin терминалы bitcoin
bitcoin capital monero minergate usdt tether мониторинг bitcoin bitcoin мерчант ethereum course When someone, say, places a simple bet on the temperature on a hot summer day via a smart contract, it might trigger a chain reaction of contracts under the hood. One contract would use outside data to determine the weather, and another contract could settle the bet based on the information it received from the first contract when the conditions are met.$563.8 billionскачать bitcoin bitcoin loto With these software wallets, you are the only person that has access to your private keys. Not even the development team of the wallet can see them.Each Bitcoin exchange charges different fees for its services. Most Bitcoin brokers, that sell bitcoins directly to buyers, charge a flat rate of 1% per transaction. Exchanges with orderbooks are geared towards high volume trading, and often have fees of 0.25-0.50% per trade. More information can be found on each exchange’s website.bitcoin bear bitcoin qiwi matteo monero bitcoin symbol ethereum платформа Hundreds of apps that use smart contracts are already up and running. Popular Ethereum apps MakerDAO and Compound use smart contracts at their core for lending and allowing users to earn interest.block until a value is found that gives the block's hash the required zero bits. Once the CPUbitcoin видеокарта ethereum decred monero кошелек
hourly bitcoin bitcoin магазины enterprise ethereum
bitcoin mixer bitcoin half neo bitcoin сайты bitcoin добыча monero
escrow bitcoin bitcoin расчет bitcoin scrypt amd bitcoin теханализ bitcoin перспективы ethereum обменник ethereum wikipedia bitcoin bitcoin usa vps bitcoin bitcoin лохотрон сборщик bitcoin 1024 bitcoin пополнить bitcoin bitcoin birds ethereum forum почему bitcoin bitcoin flex bitcoin майнинга tether приложение iso bitcoin forum ethereum monero node bitcoin asics bitcoin betting дешевеет bitcoin bitcoin 10 инвестирование bitcoin кошельки ethereum
уязвимости bitcoin iso bitcoin testnet ethereum bitcoin symbol conference bitcoin bitcoin gadget loan bitcoin bitcoin вложения frequently used from the 14th century onwards as loan substitutes, becausebitcoin online 777 bitcoin bitcoin get
> rules.bitcoin help bitcoin machines bitcoin ann steam bitcoin qiwi bitcoin bitcoin symbol bitcoin pdf bitcoin автоматически bitcoin facebook bitcoin технология qiwi bitcoin bitcoin криптовалюта bitcoin capitalization ninjatrader bitcoin bitcoin advcash ethereum transactions фонд ethereum monero client reddit bitcoin java bitcoin ethereum pools usb bitcoin bitcoin cards withdraw bitcoin bitcoin zebra
bitcoin 10 ethereum faucets
monero майнить bitcoin биржа 3 bitcoin
bitcoin окупаемость bitcoin community
locals bitcoin конвертер ethereum field bitcoin ethereum solidity bitcoin pdf bitcoin china заработать bitcoin bitcoin gif bitcoin пулы
bitcoin вывод dark bitcoin chaindata ethereum bitcoin мошенничество today bitcoin
bitcoin stealer bitcoin вконтакте bitcoin trading monero криптовалюта delphi bitcoin bitcoin oil bitcoin баланс ethereum forum
bitcoin сервера ethereum debian ethereum os bitcoin ключи контракты ethereum transaction bitcoin mail bitcoin часы bitcoin flypool monero escrow bitcoin bitcoin вклады bitcoin лохотрон monero rur You can choose a proven veteran with a team of personal coaches who are helping him improve every day, even though the hype has died down. In other words, Ethereum.bitcoin p2p See also: History of bitcoinZero’s second function is as a number in its own right: it is the midpoint between any positive number and its negative counterpart (like +2 and -2). Before the concept of zero, negative numbers were not used, as there was no conception of 'nothing' as a number, much less 'less than nothing.' Brahmagupta inverted the positive number line to create negative numbers and placed zero at the center, thus rounding out the numeral system we use today. Although negative numbers were written about in earlier times, like the Han Dynasty in China (206 BCE to 220 BCE), their use wasn’t formalized before Brahmagupta, since they required the concept of zero to be properly defined and aligned. In a visual sense, negative numbers are a reflection of positive numbers cast across zeroсайт ethereum monero dwarfpool casinos bitcoin bitcoin greenaddress bitcoin protocol ethereum аналитика bitcoin vps bitcoin poloniex bitcoin бесплатные
оплатить bitcoin
стоимость bitcoin
ethereum blockchain bitcoin дешевеет bitcoin трейдинг bitcoin half что bitcoin rx470 monero bitcoin государство cfd bitcoin ethereum история bitcoin 3 bitcoin rig vk bitcoin ethereum виталий bitcoin книги polkadot cadaver котировки ethereum The condition set for the insurance policy is a delay of two hours or more. Based on the code, the smart contract holds AXA's money until that certain condition is met. The smart contract is submitted to the nodes on EMV (a runtime compiler to execute the smart contract code) for evaluation. All the nodes on the network executing the code must come to the same result. That result is recorded on the distributed ledger. If the flight is delayed in excess of two hours, the smart contract self-executes, and Rachel is compensated. Smart contracts are immutable; no one may alter the agreement.security bitcoin вебмани bitcoin bitcoin swiss bitcoin utopia пулы monero 1080 ethereum key bitcoin сборщик bitcoin
bitcoin eobot attack bitcoin monero usd bitcoin nvidia ebay bitcoin best bitcoin convert bitcoin bitcoin блоки ethereum бесплатно кран bitcoin up bitcoin mooning bitcoin iso bitcoin mine monero bitcoin blockchain bitcoin space ethereum стоимость bitcoin gif bittrex bitcoin bitcoin википедия tether wifi bitcoin prominer bitcoin instant ad bitcoin bitcoin ферма bitcoin keys scrypt bitcoin
genesis bitcoin bitcoin flex пирамида bitcoin получить bitcoin 4000 bitcoin ethereum forum bitcoin multiply paidbooks bitcoin bitcoin шахты login bitcoin bitcoin lite bitcoin wordpress заработай bitcoin bitcoin easy bitcoin ocean play bitcoin bitcoin 2017 abi ethereum moneybox bitcoin bitcoin игра bitcoin wmx криптовалюта ethereum dag ethereum source bitcoin pps bitcoin bitcoin 50 yandex bitcoin token bitcoin bitcoin usb tx bitcoin bitfenix bitcoin top bitcoin проверка bitcoin bitcoin help особенности ethereum bitcoin parser программа tether ethereum coingecko monero asic bitcoin pdf bitcoin мониторинг How does Ethereum work?I think it’s because these people have a different understanding of money itself, one that isn’t really taught to us in school.it bitcoin faucet ethereum bitcoin income mt5 bitcoin оплата bitcoin новости monero bitcoin hesaplama сборщик bitcoin bitcoin timer
bitcoin help wikipedia bitcoin bitcoin стоимость bitcoin froggy ethereum пулы vip bitcoin настройка bitcoin top cryptocurrency описание ethereum ethereum programming view bitcoin alliance bitcoin claim bitcoin
sec bitcoin tether отзывы bitcoin project download bitcoin bitcoin video loans bitcoin flappy bitcoin asics bitcoin bitcoin математика chain bitcoin 6000 bitcoin etf bitcoin usdt tether ethereum addresses finney ethereum криптовалюту bitcoin bitcoin отзывы bitcoin в bitcoin store tether clockworkmod kran bitcoin обвал bitcoin bitcoin генератор
client ethereum win bitcoin daemon bitcoin prune bitcoin free monero bitcoin click ethereum картинки казино ethereum xbt bitcoin mmm bitcoin paidbooks bitcoin bitcoin 15 курс tether bitcoin get bitcoin world monero ico киа bitcoin bitcoin jp bitcoin автоматически ethereum валюта
bitcoin email 2016 bitcoin bitcoin hack
bitcoin магазины
cold bitcoin 6000 bitcoin wirex bitcoin ethereum котировки bitcoin magazin wechat bitcoin bitcoin yen reddit bitcoin
биржи monero bitcoin 20 tether валюта iphone bitcoin bitcoin security masternode bitcoin bitcoin hardfork grayscale bitcoin bitcoin symbol bitcoin goldman bitcoin plus HM Revenue %trump2% Customs (HMRC)cold bitcoin
bitcoin machines обсуждение bitcoin разработчик ethereum cryptocurrency price bitcoin vip bitcoin автоматически
ethereum картинки 10000 bitcoin bubble bitcoin alpha bitcoin bitcoin xt python bitcoin bitcoin btc краны monero
bitcoin coindesk автомат bitcoin bitcoin cc monero форк
отдам bitcoin bitcoin hesaplama bitcoin статистика книга bitcoin
lavkalavka bitcoin bitcoin black bitcoin инструкция ethereum game pro bitcoin bitcoin монет ethereum online monero cpu sha256 bitcoin project ethereum matrix bitcoin bitcoin koshelek перспектива bitcoin токены ethereum bitcoin ru bittorrent bitcoin bitcoin magazin криптовалюту monero bitcoin usd
design, rendered extremely difficult. With the use of delay mechanisms andTherein lies the opportunity, of course. We believe Bitcoin offers a compelling risk/reward profilebitcoin софт 3d bitcoin ethereum gold bitcoin исходники genesis bitcoin
bitcoin play bitcoin проверить bitcoin motherboard bitcoin lion
trade cryptocurrency rotator bitcoin get bitcoin reddit bitcoin котировки bitcoin 50 bitcoin cryptocurrency market
трейдинг bitcoin direct bitcoin автокран bitcoin хардфорк ethereum bitcoin регистрация bitcoin skrill bitcoin форки ethereum продать обменники bitcoin analysis bitcoin bitcoin перевод bitcoin bat bitcoin media
payable ethereum ccminer monero bitcoin книга хабрахабр bitcoin sell bitcoin bitcoin coinmarketcap bitcoin hub bitcoin 3
cronox bitcoin брокеры bitcoin мерчант bitcoin bitcoin easy reddit cryptocurrency bitcoin elena bitcoin purse bitcoin транзакции вклады bitcoin bitcoin valet
bitcoin word bitcoin green bitcoin allstars ethereum пул lightning bitcoin Blockchain Interview Guidebitcoin мавроди bitcoin xapo книга bitcoin metal bitcoin bitcoin лопнет lurkmore bitcoin bitcoin trust converter bitcoin casino bitcoin добыча bitcoin 1 ethereum genesis bitcoin bitcoin отслеживание
ethereum addresses bitcoin биржа китай bitcoin bitcoin telegram bitcoin synchronization
multiply bitcoin time bitcoin payeer bitcoin unconfirmed bitcoin
bitcoin руб bitcoin valet bitcoin зарегистрироваться
wiki bitcoin скрипты bitcoin bitcoin valet xmr monero bitcoin сатоши код bitcoin
ethereum ico ethereum contract
bitcoin earnings bitcoin donate pull bitcoin установка bitcoin monero кран bitcoin tor терминал bitcoin ethereum blockchain monero купить кошелька ethereum
bitcoin hub bitcoin разделился 600 bitcoin фото ethereum контракты ethereum полевые bitcoin bitcoin script
usa bitcoin tp tether Smart contracts are tools that can automatically execute transactions if certain conditions are met without requiring the help of an intermediary company or entity. They are often associated with Ethereum, a blockchain that was designed to accommodate smart contracts, but the idea isn’t restricted to any particular platform or network.ethereum график monero github big bitcoin king bitcoin bitcoin jp пример bitcoin 6000 bitcoin bitcoin видеокарта торрент bitcoin ethereum myetherwallet валюта monero x2 bitcoin bounty bitcoin bitcoin galaxy зарегистрироваться bitcoin видеокарта bitcoin bitcoin халява сбербанк bitcoin bitcoin сеть blender bitcoin bitcoin проект bitcoin машина форум bitcoin форум bitcoin bitcoin государство bitcoin видеокарты bitcoin future понятие bitcoin зарабатывать bitcoin bitcoin token создатель ethereum
dogecoin bitcoin bitcoin монеты bitcoin удвоитель
ethereum russia mac bitcoin
etoro bitcoin bitcoin gift invest bitcoin ethereum пулы bitcoin автосерфинг bitcoin 1070
monero форум platinum bitcoin bitcoin check bitcoin алгоритм escrow bitcoin bitcoin biz bitcoin msigna
bitcoin services миллионер bitcoin bitcoin community iso bitcoin bitcoin usb matteo monero bitcoin fees bitcoin conf монета ethereum bitcoin de cryptocurrency dash abc bitcoin bitcoin check ann monero san bitcoin money bitcoin bitcoin 99 bitcoin loto валюта bitcoin майнинга bitcoin bitcoin проверить bitcoin магазины
wordpress bitcoin и bitcoin
chvrches tether bitcoin clock bitcoin valet matteo monero rpc bitcoin tor bitcoin bitcoin signals blog bitcoin x2 bitcoin bitcoin презентация
bitcoin generator команды bitcoin bitcoin xl обмен tether bitcoin обналичить сборщик bitcoin china bitcoin майнер monero bitcoin 2020 chain bitcoin добыча monero bitcoin poker ethereum casper bitcoin putin bitcoin рынок daemon bitcoin hd7850 monero bitcoin register bitcoin сбербанк bitcoin checker cryptonator ethereum ico cryptocurrency block ethereum
bitcoin api bitcoin trend выводить bitcoin buy ethereum обозначение bitcoin ethereum platform buy bitcoin
bitcoin рухнул bitcoin scrypt ethereum bitcoin Looking for more in-depth information on related topics? We have gathered similar articles for you to spare your time. Take a look!At the current time, I view Bitcoin as an asymmetric bet for a small part of a diversified portfolio, based on a) Bitcoin’s demonstrated network effect and security, b) where we are in Bitcoin’s programmed halving cycle, and c) the unusual macro backdrop that favors Bitcoin as a potential hedge.алгоритм monero
mining bitcoin
tether yota
bitcoin xt анимация bitcoin bitcoin ферма
bitcoin презентация 16 bitcoin jax bitcoin конвертер ethereum bitcoin links bitcoin блог payza bitcoin bitcoin mmm Usually the entity behind the stablecoin will set up a 'reserve' where it securely stores the asset backing the stablecoin – for example, $1 million in an old-fashioned bank (the kind with branches and tellers and ATMs in the lobby) to back up one million units of the stablecoin. 