2011-11-01 CoinDesk: WU: bitcoin isn’t ready for international money transfers

[Arvicco]

http://www.coindesk.com/western-union-bitcoin-international-money-transfer/

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[NewLiberty]

"Eventually, says Roger Ver, an investor in Blockchain.info, bitcoin will be able to do everything better than Western Union’s current services, but it will take time for the infrastructure to develop."

Roger is visionary, just not visionary enough...

If WU bought MtGox...  MtGox would have all the money service business and money transfer licenses it needs for global operation.
WU would have a future, and Bitcoin would have a global banking operation and a list of places for those Bitcoin ATMs to be useful.

[Arvicco]

I think it is inevitable that some of the prominent strongholds of the old financial elites will defect and switch over to Bitcoin once they understand they are on a losing side of history. I just don't think it will happen before they try to give a good fight to keep their current entrenched position and extraordinary privilege - and such fight has barely started yet.  

[NewLiberty]

I think it is inevitable that some of the prominent strongholds of the old financial elites will defect and switch over to Bitcoin once they understand they are on a losing side of history. I just don't think it will happen before they try to give a good fight to keep their current entrenched position and extraordinary privilege - and such fight have barely started yet. 

We agree, and so I remain shorting WU stock.