[2017-12-16]Deutsche Bank Executive: Bitcoin Isn’t Going Anywhere

[hugeblack]

With bitcoin continuing to rise in value, executives at the Deutsche Bank are in agreement when they claim that the digital currency isn’t going anywhere anytime soon.

Speaking at a global market outlook breakfast in Manhattan on Tuesday, Peter Hooper, an economist at Germany’s largest bank, the Deutsche Bank, said to Bloomberg that the digital currency was here to stay, adding:

The whole idea has a potential future, but it could be better designed. Ultimately, we are going to have to find a way to accommodate and regulate to avoid the problems.

Read more

[aso118]

With bitcoin continuing to rise in value, executives at the Deutsche Bank are in agreement when they claim that the digital currency isn’t going anywhere anytime soon.

Speaking at a global market outlook breakfast in Manhattan on Tuesday, Peter Hooper, an economist at Germany’s largest bank, the Deutsche Bank, said to Bloomberg that the digital currency was here to stay, adding:

The whole idea has a potential future, but it could be better designed. Ultimately, we are going to have to find a way to accommodate and regulate to avoid the problems.

Read more

This is hilarious. Banks are telling us that Bitcoin could have been better designed?   The biggest problems to face the world have been caused by regulated banks who flouted regulations, or got so friendly with regulators that they could frame regulation to suit them. Bitcoin, thankfully, is out of the grasp of people like these.

[CryptoBry]

With bitcoin continuing to rise in value, executives at the Deutsche Bank are in agreement when they claim that the digital currency isn’t going anywhere anytime soon.

Speaking at a global market outlook breakfast in Manhattan on Tuesday, Peter Hooper, an economist at Germany’s largest bank, the Deutsche Bank, said to Bloomberg that the digital currency was here to stay, adding:

The whole idea has a potential future, but it could be better designed. Ultimately, we are going to have to find a way to accommodate and regulate to avoid the problems.

Read more

This is hilarious. Banks are telling us that Bitcoin could have been better designed?   The biggest problems to face the world have been caused by regulated banks who flouted regulations, or got so friendly with regulators that they could frame regulation to suit them. Bitcoin, thankfully, is out of the grasp of people like these.

Yes, this is quite funny and yet bank executives want us to believe on them that they have much better ideas we can all use as alternative to Bitcoin. These people think that they could have done much better than what Satoshi Nakamoto accomplished. So where are they when the financial crisis occurred years ago? It is quite hilarious when we hear people inside the banking industry sending the message that they can be the real saviors in the mess that they created. I am now convinced that the banking industry is now starting to feel the pinch of the disruption that can come from he cryptocurrency sector (not just Bitcoin actually).

[BitHodler]

This is hilarious. Banks are telling us that Bitcoin could have been better designed?   The biggest problems to face the world have been caused by regulated banks who flouted regulations, or got so friendly with regulators that they could frame regulation to suit them. Bitcoin, thankfully, is out of the grasp of people like these.

I am sure they refer to the currency aspect.

It actually could. Bitcoin in current form isn't capable of handling mass usage properly, which is something we all somewhat experience the negative side effects of. That's why we have to revert to off-chain scaling solutions.

Once lightning network is operational, and it actually gets utilized, and thus not become something like what SegWit is right now, we basically get rid of all Bitcoin's current limitations, which is a massive step forwards.

Regarding SegWit, I find it utter nonsense that it is being ignored on such a large scale as we speak. It would help take off the boiling pressure that the network is suffering from, but no, the economical majority decides otherwise.

[FollowSynergy]

Bitcoin is a nightmare for all the bankers. Of course they are making negative statements, what else to do. Their profitable and well-oiled business loses money, technically, nothing prevented them from designing cryptocurrencies on their own 30 year ago. So much easier to criticize others.

[uslfd]

Well I guess it's also a fair question to ask - is Deutsche Bank going anywhere?

Although the banking industry is crucial to the economy, the banking system could be designed to be a lot better than what we have today!

[man22555]

Those guys are slowly recognizing what's happening... 
I'm really excited to see those "financial experts" sweating in 2018. They will probably give in more and more and in 2019 be like: "Like we said back in 2018, cryptos will rule the world.." 

[Guardian.P]

I think that the future of banks will be linked to the crypto currency. It is possible that in 2018 already in some banks there will be accounts in the crypto currency.