[2016-08-15] American Banker: Here's What the Bitcoin Naysayers Get Wrong

[DooMAD]

Here's What the Bitcoin Naysayers Get Wrong

Naysayers 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

[gentlemand]

That's a nicely executed wee article.

When was the last time there was a genuinely moronic and uninformed Bitcoin article in a proper publication? They really don't seem to pop up all that often any more whereas once upon a time we were swamped with them.