2013-05-07 Financial Review (AUS) - Bitcoin Just For Geeks, says Mastercard

[kiko]

http://www.afr.com/p/technology/bitcoin_just_for_geeks_says_mastercard_yBzxbcwUZQMzuwgrGkLMhO

Bitcoin, devisive as ever.

Mastercard:

Having a virtual currency that is only living in the virtual world and then you can occasionally cash out – other than geeks, who is really going to latch onto that?

Deloitte:

But Deloitte’s Centre for the Edge partner Peter Williams said BitCoin was an unstoppable force that would stabilise over time as more people bought into it.

“By its very nature it can’t be regulated [and] you can’t arrest an algorithm,” he said.

[1713491045]

1713491045

[marcus_of_augustus]

Attacks are getting quite shrill ... must be getting close to the target.

[BitChick]

Only for geeks???

I just read in Business Review Weekly that Bitfash is trying to market to the fashion industry.  Um,  really not something geeks are into I would think???  My teenage daughter might really be interested in BTC now though.

http://www.brw.com.au/p/brw-lounge/bitcoin_buyers_fashionable_bitfash_BSdOJrl3KlXUdg0kn5AusN

[n8rwJeTt8TrrLKPa55eU]

This and other media coverage over the past month confirms my theory that if Kreuzberg is turning into Bitcoin Heaven, Oceania appears to be turning into Bitcoin Hell.

But Deloitte’s Centre for the Edge partner Peter Williams said BitCoin was an unstoppable force that would stabilise over time as more people bought into it.

“By its very nature it can’t be regulated [and] you can’t arrest an algorithm,” he said.

Mr. Williams reads like a very smart fellow, but is clearly outnumbered.  For his own safety, him and those two gentlemen in Melbourne should consider emigrating before the witch-hunt officially begins.

[Realpra]

The deloitte part was pretty awesome.

As for MasterCard guy, he kind of shot himself in the foot saying that "being frictionless" was important.. Bitcoin is like THE king of frictionless.

I don't believe him when he says they are not worried, unless he is really thick.