[2015-11-05] Financial Times: Lagarde to bankers: Don't fear bitcoin

[pawel7777]

Lagarde to bankers: Don't fear bitcoin

http://www.ft.com/fastft/420521/post-420521

Christine Lagarde has advised bankers worrying about being disrupted by bitcoin and blockchain to "pause for a second," citing the potential for abuse of the technologies, writes Kadhim Shubber.

Referencing FT Alphaville reporter Izabella Kaminska's article on the use of bitcoin in a Chinese social network that bears the hallmarks of a pyramid scheme, she told attendees of a banking conference in New York:

If those new technologies and as long as those new technologies are going to abuse, take advantage of, the yield for anonymity, I think the banking industry has quite a few good days ahead of it

...

[fancy_pants]

I'll take an anonymous bitcoin over a signed cashier's check with photo id any day.

[Snorek]

I'll take an anonymous bitcoin over a signed cashier's check with photo id any day.

Banksters doesn't need technology to abuse us. They are doing it everyday while leaching us openly with straight face. I guess now they want to tarnish reputation of bitcoin and blame it for being used in a Chinese social network that bears the resemblance to a pyramid scheme. But people will know better, just wait, corporate donkeys.