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Title: [2015-04-05] WSJ: BNY Mellon Explores Bitcoin’s Potential Post by: pitham1 on April 06, 2015, 12:08:12 AM BNY Mellon Explores Bitcoin’s Potential
http://blogs.wsj.com/cio/2015/04/05/bny-mellon-explores-bitcoins-potential/ Bank of New York Mellon Corp.BK +0.85% is experimenting with bitcoin, the disruptive digital currency, which it views as a potential new way to conduct financial transactions. But the bank is still working through the challenges of using the open source technology, whose decentralized architecture differs from the traditional computer systems businesses run today. Title: Re: [2015-04-05] WSJ: BNY Mellon Explores Bitcoin’s Potential Post by: Armis on April 06, 2015, 02:53:03 AM BNY Mellon Explores Bitcoin’s Potential http://blogs.wsj.com/cio/2015/04/05/bny-mellon-explores-bitcoins-potential/ Bank of New York Mellon Corp.BK +0.85% is experimenting with bitcoin, the disruptive digital currency, which it views as a potential new way to conduct financial transactions. But the bank is still working through the challenges of using the open source technology, whose decentralized architecture differs from the traditional computer systems businesses run today. Quote Some economists warn that crypotcurrencies — there are dozens of them — are risky because they lack backing from a central authority, such as a bank. Despite the potential risk to their businesses, banks are intrigued by bitcoin’s underlying blockchain technology, an online ledger that records all of the bitcoins that have been created and the identities of who holds them. The blockchain provides digital assurance that bitcoins have been exchanged. I love the article except that little part there. The article proves that BTC was farrrr ahead of its time and that kids should not be given adult things to play with. |