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Title: citi and california Post by: thresher on January 27, 2015, 09:20:00 PM Check out coindesk.
We have the self righteous socialist California and shitty bank against us. I am proud to be a bag holder for a change :) Title: Re: citi and california Post by: Blazr on January 27, 2015, 09:27:37 PM Link to what OP is referring to:
http://www.coindesk.com/citi-strategy-chief-bitcoins-economics-flawed/ Title: Re: citi and california Post by: juju on January 27, 2015, 10:25:59 PM Check out coindesk. We have the self righteous socialist California and shitty bank against us. I am proud to be a bag holder for a change :) lol, the guy at Citi, "we already have a decentralized ledger". Wheres my copy of all banking transactions ever? Title: Re: citi and california Post by: newIndia on January 27, 2015, 10:26:19 PM Link to what OP is referring to: http://www.coindesk.com/citi-strategy-chief-bitcoins-economics-flawed/ Ex-Citigroup CEO Vikram Pandit: Digital Currencies are Spawning Innovation (http://www.coindesk.com/ex-citigroup-ceo-vikram-pandit-digital-currencies-spawning-innovation/) Title: Re: citi and california Post by: koshgel on January 27, 2015, 10:28:35 PM They will be against it, because it threatens their system. None of the points made hold ground against Bitcoin.
Quote "If you take [the value of] all bitcoin transactions last year, we did that in three hours of trading [on a Citi forex trading platform]. So I think the maturity of it – I don't think it's quite there yet," Baxter said. Baxter pointed to bitcoin miners dropping out of the network as evidence that the cryptocurrency's economics failed to "stack up". He was building on an earlier point that technology innovators should focus their efforts on the "core" of the existing financial system, rather than its periphery. Because no new technologies have road bumps or hiccups. Title: Re: citi and california Post by: hongw on January 28, 2015, 02:39:35 AM Link to what OP is referring to: http://www.coindesk.com/citi-strategy-chief-bitcoins-economics-flawed/ Quote from: the article above "If you take [the value of] all bitcoin transactions last year, we did that in three hours of trading [on a Citi forex trading platform]. The problem with this is that the transactions are different from forex trades. There were probably a higher volume of dollar forex trades last year then there were a volume of dollar trades (as in using dollars for purchases). A much better apples to apples comparison would be either bitcoin trade volume (on exchanges) over all the exchanges verses the forex trade volume or bitcoin transaction volume (after adjusting for things like mixing and sending bitcon to yourself) verses dollar transaction volumeTitle: Re: citi and california Post by: Bit_Happy on January 28, 2015, 02:43:57 AM Link to what OP is referring to: http://www.coindesk.com/citi-strategy-chief-bitcoins-economics-flawed/ "Big banker says negatives about Bitcoin": Why does something like this still create discussion, in the year 2015? Perhaps they are scared? |