Topic: [2015-01-21] Bitcoin's Leading Advocacy Group Changes Direction (Read 423 times)
I'm not surprised that the latter bunch expressed negativity on the community as that is the safe and neutral position to take esp if you don't have a stake in it. If Greenshit and JP Morgan talk shit while their peers have went bullish, it certainly doesn't disparage my position in the market.
January 21, 2015, 12:51:55 AM
http://www.forbes.com/sites/michaelbobelian/2015/01/20/bitcoins-leading-advocacy-group-changes-direction/
For a technology crowned as the biggest thing since the emergence of the Internet two decades ago, Bitcoin got off to an ominous start. As the preferred cryptocurrency of choice for Silk Road, the web site that served as an online black market, Bitcoin became a target of law enforcement. Officials from the FBI to Manhattan’s District Attorney’s warned of a “digital Wild West” should the currency go unregulated. The Securities and Exchange Commission warned investors to remain vigilant for scams. Mt. Gox, once one of the leading Bitcoin exchanges in the world, collapsed into bankruptcy last year, costing users hundreds of millions of dollars worth of bitcoins. Leading voices of the financial community like former Fed Chairman Alan Greenspan and JPMorgan Chase JPM -0.39% chairman Jamie Dimon also cast doubt on the currency’s potential.
For a technology crowned as the biggest thing since the emergence of the Internet two decades ago, Bitcoin got off to an ominous start. As the preferred cryptocurrency of choice for Silk Road, the web site that served as an online black market, Bitcoin became a target of law enforcement. Officials from the FBI to Manhattan’s District Attorney’s warned of a “digital Wild West” should the currency go unregulated. The Securities and Exchange Commission warned investors to remain vigilant for scams. Mt. Gox, once one of the leading Bitcoin exchanges in the world, collapsed into bankruptcy last year, costing users hundreds of millions of dollars worth of bitcoins. Leading voices of the financial community like former Fed Chairman Alan Greenspan and JPMorgan Chase JPM -0.39% chairman Jamie Dimon also cast doubt on the currency’s potential.
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