Bitcoin Supporters Attack Big Banks
A hearing on Tuesday was called by Benjamin M. Lawsky, a leading financial expert based in New York State. Five supporters of Bitcoin were given the opportunity to speak on behalf of the company’s devotees. The meeting quickly shifted from supporting Bitcoin, to bashing big banks when the company’s advocates began attacking today’s banking environment.
Former Facebook affiliates, the Winklevoss twins, suggested that under the current banking system very little could be accomplished toward fixing the economy. The Winklevoss twins are known to be major investors in the Bitcoin Foundation.
The backlash from supports is likely rooted in the recent arrest of Bitcoin CEO, Charlie Sherm, who stands accused of knowingly allowing his currency to be used in illegal drug trades. Sherm is said to have worked in cahoots with Robert Faiella. Together, the two are accused of aiming to sell Bitcoin to narcotics dealers working through somewhat popular online black market, the Silk Road. In addition to the arrest, the public shaming of the currency by JPMorgan’s top executive, Jamie Dimon, likely fueled the fire. Dimon stated on record that Bitcoin, and currencies like it, have no real prospects despite their current popularity.
http://guardianlv.com/2014/01/bitcoin-supporters-attack-big-banks/
