[2014-10-24] Saxo Bank Event Panel: Block Chain Intriguing, Bitcoin a Fad

[wardla]

https://www.coindesk.com/saxo-bank-event-panel-block-chain-intriguing-bitcoin-fad/

Bitcoin was labelled a "fad" yet also "interesting" in a panel discussion at Saxo Bank's Trading Debates event in central London yesterday.

Held in the British Library, the event was attended by more than 300 people from the world of traditional finance, including bankers, traders and other financial services professionals.

The panel discussion Fintech Boom – An Opportunity or a Threat for Financial Services? was moderated by Anna Irrera, trading and technology reporter at Financial News.

Panellist Javier Tordable, senior vice president at German derivatives exchange Eurex Exchange, tentatively labelled bitcoin a "fad" before clarifying he doesn't think much of it as an alternative currency, but believes in it as a method of storing and sharing data.

[Skoupi]

labelled bitcoin a "fad" before clarifying he doesn't think much of it as an alternative currency, but believes in it as a method of storing and sharing data.

Bitcoin is a really amazing system for transactions and a really awful one for storing and sharing data. He couldn't have it more wrong  

[Sutters Mill]

It's unstable as a currency currently, but that could change and regardless of that people are still using and transacting in it, but you can't really have the blockchain without the bitcoins as there'd be no reason for people to even operate the mining otherwise.

[notthematrix]

It's unstable as a currency currently, but that could change and regardless of that people are still using and transacting in it, but you can't really have the blockchain without the bitcoins as there'd be no reason for people to even operate the mining otherwise.

you see this evrywhere in gov and regulators!
its a lack of understanding , and because of that no sereus IT person wants to work with them

[zoinky]

Some people are just laggards.

[hua_hui]

Bitcoin has dramatically changed the way ppl is thinking about currency. It has great potential even the bank industry can no longer ignore the existence of bitcoin and is thinking deeply about bitcoin. It is the success of bitcoin.