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Bitcoin => Press => Topic started by: bitsmichel on May 02, 2014, 06:38:37 PM



Title: [2014-05-02] Former US Deputy Secretary of Treasury on Bitcoin
Post by: bitsmichel on May 02, 2014, 06:38:37 PM
Quote
The Former United States Deputy Secretary of Treasury (a position analogous to the Minister of Finance in many countries), Larry Summers,  was featured in an interview about Bitcoin and the current financial system. He tells the financial system already depends heavily on information technology, and finance is now “ripe for disruption,”. Then he goes on to talk about the future payment system: “I am much more confident that the world of payments will look very different 20 years from now than I am about how it will look.”

Source: bitprize.org (http://bitprize.org)



Title: Re: [2014-05-02] Former US Deputy Secretary of Treasury on Bitcoin
Post by: arahb on May 02, 2014, 11:53:08 PM
Bitcoin is future payment system


Title: Re: [2014-05-02] Former US Deputy Secretary of Treasury on Bitcoin
Post by: pabpete on May 03, 2014, 07:31:35 AM
Bitcoin will try to be manipulated and controlled as long as it has value worth something.


Title: Re: [2014-05-02] Former US Deputy Secretary of Treasury on Bitcoin
Post by: BitDreams on May 03, 2014, 02:11:55 PM
'Control' bitcoin to their hearts delight! I look forward to debate and politics and conflict settled through competing block chains - instead of other places. I believe there will be a day when people select the ___coin that most suits their ideals. I am confident that there will be a hierarchy of coins and I'm currently invested believing Bitcoin will be the one coin that all others are measured against.