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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2015-05-14] ItBit CEO: Bitcoin Can’t Circumvent the Financial System
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tyz (OP)
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May 14, 2015, 11:00:29 AM
 #1
"Mainstream adoption is not going to happen if you circumvent the financial system, you're going to have to be a participant in it. That doesn't mean bitcoin isn't disruptive. It is in important and very valuable ways, but that disruption will never be able to reach its full potential unless you're able to interface with the system"

http://www.coindesk.com/itbit-ceo-bitcoin-circumvent-financial-system/

What do you think? Read the article on Bitocoinist and Coindesk.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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May 15, 2015, 08:39:11 AM
 #2
We do not want to circumvent them, we want to replace them.
All these outdated fiat rules and regulations should not be forced onto digital currencies. The USA are over-regulating Bitcoin, in an attempt to stop or slow it, but it will still grow no matter what obstacles they place in it's way. Let the countries with Bitcoin friendly legislation prosper!!!!!!!
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