Top Global Law Firm: Virtual Currency is Here to Stay

[pawel7777]

Fresh article from CoinDesk:

Top Global Law Firm: Virtual Currency is Here to Stay

http://www.coindesk.com/top-global-law-firm-virtual-currency-is-here-to-stay/

“Virtual currency is here to stay”, according to a partner at one of the largest and most prestigious law firms in the US.

Judith Alison Lee, partner in the Washington, DC, office of global law firm Gibson, Dunn & Crutcher, was a panellist in a company webinar on virtual currencies, which took place earlier this week.

Lee, who is also co-chair of the firm's International Trade Practice Group, said she isn’t putting all her faith in bitcoin as the virtual currency that succeeds over any other, but she does believe digital currency isn’t just a fad.

“We think this type of technology, this method of payment, has so many advantages over fiat currency. It's unlikely to completely go away,” she explained.

According to Lee, Gibson Dunn is also interested in other applications of bitcoin’s underlying technology, the blockchain, and she sees many applications other than currency coming to the fore this year.

“We think that some of the most interesting applications, from a legal perspective, are the potential use of blockchain technology for smart contracts, securities, property registers, IP and the storage of other data,” she told CoinDesk after the webinar.

There is surely a noticable change-of-heart by the governments and major players toward Bitcoin and cryptos comparing to 1-2 years ago.

[NUFCrichard]

They obviously think the same as me, that it is inevitable that the Internet will have a currency.
That bitcoin is imperfect is what it is, but it will be the first testing ground for Internet money.

Along with that, the pseudonymity of the blockchain for keeping track of things also fits the Internet of things idea perfectly.

[hua_hui]

Many politicians have been early adopters of Bitcoin, such as  Attorney General Abbott embrace Bitcoin. https://www.cryptocoinsnews.com/bitcoin-supporter-running-governor-texas/
It is good to see more and more financial elites and politicians are support it.

[Chef Ramsay]

Many politicians have been early adopters of Bitcoin, such as  Attorney General Abbott embrace Bitcoin. https://www.cryptocoinsnews.com/bitcoin-supporter-running-governor-texas/
It is good to see more and more financial elites and politicians are support it.

It's nice to see that the next TX gubernatorial candidate and likely winner would support Bitcoin in that realm yet isn't an LP candidate but in the GOP. BOOM, win.

[bitwarrior]

This is good news as more and more are supporting the benefits of virtual currencies, in which here it pertains to the benefits of blockchain technology that bitcoin is implementing.
Hopefully by the actions of these similar firms and politicians, bitcoin will reach a wide spread mass adoption.

[Hazir]

Politicians realize that if they would try to defeat bitcoin now they would fail and fell with it. They can't shut down bitcoin as they can't shut down internet anymore. If they try, people will rage and  will change government by force... So if you can't win - join them.

[BrunesBTC45]

We don't need a "TOP LAW FIRM" to tell us that crpytocurrency is here to stay.
From the start I know, and I believe that Bitcoin will be here to stay.
With its capabilities, cryptocurrency can easily be considered a payment option for everybody, rich and poor.