[2014-07-14] independent.ie: Central Bank boss says bitcoin is here to stay

[LiteCoinGuy]

Central Bank boss says bitcoin is here to stay

Apparently not. Last weekend, no less a figure than the director of markets at Ireland’s Central Bank delivered a speech on virtual currencies. Gareth Murphy said that fiscal and regulatory authorities are starting to take ‘crypto-currencies’ such as bitcoin very seriously.

“Central banks, financial regulators, ministries of finance, fiscal authorities and statistical authorities should be interested in virtual currencies,” he says.

...

“As a virtual currency starts to permeate economic activity, regulated financial service providers such as banks, insurance companies and asset managers may find themselves having to adapt to this new environment in order to maintain market share,” said Murphy.


http://www.independent.ie/business/central-bank-boss-says-bitcoin-is-here-to-stay-30426923.html

[FeedbackLoop]

Opening sentence:

"For the last two years, middle-aged bankers and pundits have been throwing darts at bitcoin."

Did anyone else read "Middle-Age bankers" the first time?

[Kprawn]

They are more worried about losing market share, than ditching their old income model and concentrating on investing in crypto projects.

If I was a banker, I would hire the top cryto currency developers and paid them top dollar to create projects supporting the current dominant crypto currency. {Bitcoin}

There are loads of money to be made from 3rd party software created for crypto currency for people with big pockets to invest early. With the kind of money these people have access to now, they could develop their own Alt coin and fund their own mining network and develop 3rd party software to support it.

Enter ...Realcoin {Or am I wrong?}