A look at the BitFin Conference, Dublin.
To sum up a rather intriguing conference, mainstream financial players want to be in Bitcoin because they are fundamentally driven by profit and they see the innovation here, but they are currently held back by cumbersome regulatory structures. On the other side of the fence the Bitcoin community are divided.
Ultimately, mainstream adoption won’t happen until Bitcoin can play nicely with the banks but this tends to leave a bad taste in the mouth for libertarians and anyone cautious of disciplinary governance tactics. Can you imagine the power that current financial authorities could wield with the ‘Big Data’ sitting on the Blockchain? Letting the banks ‘in’ could be a major mistake unless some of their vast and imposing powers can be dismantled first
Bitcoin invites financial inclusion but there’s one impression I can’t shake off. Panel after panel were dominated by men in shiny suits and shoes reclining at their ease in armchairs – give these guys a few years and a few more steaks and they’ll look just like the ‘fat cats’ they seek to supplant.
Read the full article here:
http://www.bitcoinukmedia.com/?page_id=36Listen to the podcast interviewing BitFin speakers:
http://www.bitcoinukmedia.com/?p=141