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Topic: [2015-05-14] ItBit CEO: Bitcoin Can’t Circumvent the Financial System (Read 549 times)

legendary
Activity: 3542
Merit: 1966
Leading Crypto Sports Betting & Casino Platform
We do not want to circumvent them, we want to replace them.
All these outdated fiat rules and regulations should not be forced onto digital currencies. The USA are over-regulating Bitcoin, in an attempt to stop or slow it, but it will still grow no matter what obstacles they place in it's way. Let the countries with Bitcoin friendly legislation prosper!!!!!!!
tyz
legendary
Activity: 3360
Merit: 1533
"Mainstream adoption is not going to happen if you circumvent the financial system, you're going to have to be a participant in it. That doesn't mean bitcoin isn't disruptive. It is in important and very valuable ways, but that disruption will never be able to reach its full potential unless you're able to interface with the system"

http://www.coindesk.com/itbit-ceo-bitcoin-circumvent-financial-system/

What do you think? Read the article on Bitocoinist and Coindesk.
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