Friday, April 26, 2013

Bitcoin in the eyes of the establishment...

From http://www.ft.com/intl/cms/s/0/55733b80-addf-11e2-a2c7-00144feabdc0.html

... at the New York branch of the Federal Reserve, which held a gathering this week for some of the grandees of financial regulation. When one person asked if Bitcoin could become a viable unit of international exchange, participants burst out laughing.

I actually find this rather encouraging for Bitcoin. Record executives had the same opinion about mp3s, back in the early days. Similarly, the world wide web was considered a "flash in the pan" by those who should have known better.

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