Topic: [2014-05-02] Former US Deputy Secretary of Treasury on Bitcoin (Read 587 times)
'Control' bitcoin to their hearts delight! I look forward to debate and politics and conflict settled through competing block chains - instead of other places. I believe there will be a day when people select the ___coin that most suits their ideals. I am confident that there will be a hierarchy of coins and I'm currently invested believing Bitcoin will be the one coin that all others are measured against.
Bitcoin will try to be manipulated and controlled as long as it has value worth something.
Bitcoin is future payment system
Quote
The Former United States Deputy Secretary of Treasury (a position analogous to the Minister of Finance in many countries), Larry Summers, was featured in an interview about Bitcoin and the current financial system. He tells the financial system already depends heavily on information technology, and finance is now “ripe for disruption,”. Then he goes on to talk about the future payment system: “I am much more confident that the world of payments will look very different 20 years from now than I am about how it will look.”
Source: bitprize.org
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