I believe innovation just cannot be stopped. Bitcoin (or some alt) will succeed in the future. It might just take longer if the government put up road blocks.
Topic: [2015-09-21] NY Times: The Benefits of Allowing Bitcoin to Flourish (Read 418 times)
September 21, 2015, 08:30:43 PM
Derivatives are not dangerous per se. They were used in a dangerous way.
I believe innovation just cannot be stopped. Bitcoin (or some alt) will succeed in the future. It might just take longer if the government put up road blocks.
I believe innovation just cannot be stopped. Bitcoin (or some alt) will succeed in the future. It might just take longer if the government put up road blocks.
September 21, 2015, 03:05:00 PM
Quote
As the Internet was allowed to flourish by limiting government’s hand on the underlying protocol and its development, so too should Bitcoin.
I totally agree.
Thanks LiteCoinGuy
September 21, 2015, 02:31:44 PM
Quote
As the Internet was allowed to flourish by limiting government’s hand on the underlying protocol and its development, so too should Bitcoin.
I totally agree.
Thanks LiteCoinGuy
September 21, 2015, 02:30:10 PM
The Benefits of Allowing Bitcoin to Flourish
Finance is not a place where innovation is always thought of as a good thing. In fact, after the financial crisis, the prevailing wisdom was that most financial innovations, like derivatives, were dangerous. In the last few years, however, Bitcoin has proved to be a financial platform that follows in the tradition of the Internet, empowering people to interact directly with each other, while providing a platform for entrepreneurs to innovate.
For example, in the same way that simple message text protocol, or S.M.T.P., allows messages to be sent and received globally for a fraction of the cost of a stamp, Bitcoin allows for — among other things — value transfer to occur in the same seamless manner. Think of it as digital cash or the “email for money.”
...
Such an outcome would be tragic, especially given that the industry is poised for explosive growth. With a few million regular users, and a vast amount of untapped potential, Bitcoin is well positioned to lead a cultural shift that results in more globalized markets and new business models.
http://www.nytimes.com/2015/09/22/business/dealbook/the-benefits-of-allowing-bitcoin-to-flourish.html?_r=0
Finance is not a place where innovation is always thought of as a good thing. In fact, after the financial crisis, the prevailing wisdom was that most financial innovations, like derivatives, were dangerous. In the last few years, however, Bitcoin has proved to be a financial platform that follows in the tradition of the Internet, empowering people to interact directly with each other, while providing a platform for entrepreneurs to innovate.
For example, in the same way that simple message text protocol, or S.M.T.P., allows messages to be sent and received globally for a fraction of the cost of a stamp, Bitcoin allows for — among other things — value transfer to occur in the same seamless manner. Think of it as digital cash or the “email for money.”
...
Such an outcome would be tragic, especially given that the industry is poised for explosive growth. With a few million regular users, and a vast amount of untapped potential, Bitcoin is well positioned to lead a cultural shift that results in more globalized markets and new business models.
http://www.nytimes.com/2015/09/22/business/dealbook/the-benefits-of-allowing-bitcoin-to-flourish.html?_r=0
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