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Title: [2017-10-17] Bernanke Thinks Bitcoin Will Fail (But He Likes Blockchain) Post by: bbc.reporter on October 17, 2017, 01:46:14 AM Bernanke. Another banker who clearly did not take the time to read and study the inner workings of bitcoin. To say that you think bitcoin will fail but you like blockchain shows that the system you want is not something new and as revolutionary.
He hyped Ripple in the article. A centralized and closed system that does not add any good for the people. https://imagesvc.timeincapp.com/v3/mm/image?url=https%3A%2F%2Ffortunedotcom.files.wordpress.com%2F2017%2F10%2Fscreenshot-2017-10-16-16-44-39.png&w=700&q=85 “Bitcoin is an attempt to replace fiat currency and evade regulation and government intervention. I don’t think that’s going to be a success,” Bernanke said on Monday afternoon in Toronto. While addressing a conference hosted by the blockchain firm Ripple, Bernanke described bitcoin as a “mostly speculative venture” that “hasn’t shown itself to be a real transactional currency.” Read in full http://fortune.com/2017/10/16/bitcoin-bernanke/ |
