Here's What the Bitcoin Naysayers Get WrongNaysayers love to nay. And the bitcoin skeptics — of which there are many — are at it again. In late June, Citi Research released a report that asked, "Could the Bitcoin Blockchain Disrupt Payments?"
The researchers' short answer — unsurprisingly — was: no. That short answer, however, was shortsighted. Even more troubling is that Citigroup is not alone in its critique of the cryptocurrency.
We have a little secret for all of those who once again have predicted bitcoin's imminent demise: They're wrong. Instead of simply shouting that point over and over again, let's carefully examine some of the faulty arguments cryptocurrency naysayers, when they are naying, seem to be saying in unison.
http://www.americanbanker.com/bankthink/heres-what-the-bitcoin-naysayers-get-wrong-1090705-1.html