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Title: [2015-10-28] BTCC chief Bobby Lee: Bitcoin is not anti-bank, it's pro-innovation Post by: LiteCoinGuy on October 28, 2015, 03:50:42 PM BTCC chief Bobby Lee: Bitcoin is not anti-bank, it's pro-innovation
Bobby Lee, CEO of bitcoin mining and exchange giant BTCC, said he can see the day when banks will hold on to his bitcoin - because in the future they will have adapted to the new technology. He told IBTimes UK: "In the end I may still want to trust some companies to hold bitcoins on my behalf. It's normal for us to diversify and distribute our assets across different entities - companies, banks, accounts. http://www.ibtimes.co.uk/btcc-chief-bobby-lee-bitcoin-not-anti-bank-its-pro-innovation-1525964 Title: Re: [2015-10-28] BTCC chief Bobby Lee: Bitcoin is not anti-bank, it's pro-innovation Post by: RustyNomad on October 28, 2015, 05:21:20 PM Nice article, worth the time to read.
Not so sure how I feel about a bank holding my private keys Quote He added that banks' IT infrastructure has constantly been upgraded over the years and in the future they can also be expected to hold more private keys that access real money and real value. "They do that already by the way, when you have credit cards; there are private keys that are used for communication between the credit card merchant processor and the banks and websites like Amazon. So this is already happening." One just have to look at all the data breaches over the past couple of years to know that the banks are not safe. Its actually ironic how some people speak about 'bank grade security'. For some that might mean 'the best', for me it means take your money elsewhere. Doubt whether I'll ever trust a bank with my keys. |