[2014-12-05] Video: Perspectives: Jan Bellens “Security And Know Your Customer”

[LiteCoinGuy]

Perspectives: Jan Bellens “Security And Know Your Customer”

https://www.youtube.com/watch?v=Iuod7z56PxA

[dwdoc]

Absolutely moronic discourse. He keeps conflating criminal activity with merchant trust.  How does the fact that bitcoin can be used to purchase contraband online diminish merchant trust of bitcoin in any way? As Andreas A. says food and drugs are the 2 most purchased commodities in the world. If you couldn't buy both with bitcoin then bitcoin isn't money.

[LiteCoinGuy]

Singapore-based Ernst & Young LLP Partner Jan Bellens believes "cryptocurrencies are a great innovation with great upsides for the long-term," as long as the two keys issues, named as security and KYC, get resolved in the short-term.

http://cointelegraph.com/news/113061/ernst-young-cryptocurrencies-are-a-great-innovation