Larry Summers former US Treasury Secretary: It’s a serious mistake to write off

[pdawg]

Despite his cynicism regarding a virtual currency marketplace, Summers disparaged bitcoin critics by saying they are “on the wrong side of history.”

http://www.pfhub.com/larry-summers-former-us-treasury-secretary-its-a-serious-mistake-to-write-off-bitcoin-637/

[Zebra]

“Very serious economists thought that the Internet was going to be no more important than the fax machine so I’m not willing to dismiss Bitcoin. At the same time, I do think it’s important to recognize that it can’t and won’t flourish as a way of avoiding legal protections.”

Paul Krugman, how do you feel now lol?

[TrailingComet]

Summers is an abrasive guy but fundamentally intelligent
Nice quote!

[Lauda]

Well he actually said something smart this time. Anyone writing off Bitcoin is doing a huge mistake.

[Dogtanian]

Well he actually said something smart this time. Anyone writing off Bitcoin is doing a huge mistake.

I think anyone who writes it off really doesnt know what they're talking about. they don't have to think it's going to be the future of money but to say it's never going to go anywhere is just fear and ignorance more likely.