[2016-05-08] CT: Larry Summers: “Blockchain is Going to Be Fundamental”

[jjacob]

Larry Summers: “Blockchain is Going to Be Fundamental”

Dr Larry Summers is no stranger to the world of finance. He was the Secretary of Treasury of the Clinton administration.
He has also served as the President of Harvard University and Chief Economist of the World Bank. When he makes a statement on matters concerning the financial sector, the world notices.

Speaking at Consensus 2016 in New York, Larry Summers says:

“Is the blockchain technology going to be fundamental? I think the answer is overwhelmingly likely to be yes. Is bitcoin going to be a valuable store of value, the same way as people use gold? I don’t know, but I think that certainly the answer is 'no' doesn’t seem like the right position to take.”

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[panju1]

Yet another example of people going gaga over the blockchain, while remaining lukewarm about bitcoin. 
Jamie Dimon needs to make a comment now.