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Swiss Watchmaker Franck Muller Launches ‘Functional’ Bitcoin Timepiece

Swiss watchmaker franck muller launches ‘functional’ bitcoin timepiece

Swiss Watchmaker Franck Muller Launches ‘Functional’ Bitcoin Timepiece

Swiss luxury watchmaker Franck Muller has launched limited-edition timepiece dubbed “Encrypto” that it’s calling “the world’s first functional bitcoin watch.”

Aesthetically, the dial of the watch – launched in partnership with cryptocurrency trading platform Regal Assets – sports bitcoin’s logo and a QR code of bitcoin’s genesis block address.

The face also includes a laser-etched QR code for a public wallet address that can be used to deposit bitcoin and check its balance. An included sealed USB stick stores the private key, Regal Assets announced Wednesday.

The “deep cold storage” wallet uses “offline generated, non-deterministic TRNGs (True Random Numbers Generated) that cannot be hacked,” according to the announcement.

Swiss watchmaker franck muller launches ‘functional’ bitcoin timepiece

The Encrypto is currently available online and at Franck Muller’s Dubai Mall store, with accepted payment options being credit card and bank transfer, as well as bitcoin.

A maximum of 500 each of men’s and women’s versions will be sold, with the cost being anywhere between $10,000-$60,000 apiece, according to information from the maker’s website. Some models also include precious metals and diamonds in the dial and frame.

Franck Muller is also exploring models featuring ether (ETH) and other “top five coins”, including XRP in the future.

Earlier this year, luxury Swiss watchmaker A. Favre & Fils also announced that it is developing a handcrafted mechanical timepiece with a built-in crypto-wallet. The watch will cost in the range of $102,000–$153,000, depending upon the model and its features and materials.

Encrypto watch images via Regal Assets

Published at Thu, 23 May 2019 10:15:11 +0000

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The EU Is One Big Fatal Flaw

zerohedge.com / by Tyler Durden / Apr 1, 2017 6:00 PM

Authored by Raul Ilargi Meijer via The Automatic Earth blog,

The true face of the EU is presently on display in Greece, not in Germany or Holland or France. Brussels must first fix what’s going wrong in Athens and the Aegean, and there’s a lot going wrong, before it can move on towards the future, indeed towards any future at all. It has a very tough job in Italy as well, which it’s trying hard to ignore.

You can’t say ‘things are fine in Germany’ or ‘Finland is recovering’ and leave it at that. Not when you’re part of a political -and to a large degree also economic- Union, let alone when you’re preaching tightening -and deepening- that Union. Not when parts of that Union are not only doing much worse than others, but are being thoroughly gutted. Then again, they’re being gutted by the very Union itself, so Brussels -and Berlin, The Hague, Paris- can’t very well feign surprise or deny responsibility.

Of course the European continent needs a ‘body’, some form of organization -and it needs it badly- that will allow its nations to cooperate, in 1000 different ways and fields, but the EU is not it. The EU is toxic. It is turning nations against each other as we speak. So much so that it’s crucial for these nations to leave the union and dismantle the entire operation before that happens, because there will be no opportunity left to do it once the toxicity takes over. The UK should count itself lucky for getting out while it did.

In its present setting, the EU has no future. And, more importantly, there is no mechanism available to change that setting. It should have been insisted on when the Union was founded, or in one of its various treaties after. This never happened, though, and that’s no coincidence, it was always about power. It’s therefore very hard -if not impossible- to see how the EU could be altered in such a way that it has a chance of survival.

READ MORE

The post The EU Is One Big Fatal Flaw appeared first on Silver For The People.

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