Author

Topic: citi and california (Read 981 times)

legendary
Activity: 2100
Merit: 1040
A Great Time to Start Something!
January 27, 2015, 10:43:57 PM
#7

"Big banker says negatives about Bitcoin":
Why does something like this still create discussion, in the year 2015?

Perhaps they are scared?
sr. member
Activity: 306
Merit: 250
January 27, 2015, 10:39:35 PM
#6
Quote from: the article above
"If you take [the value of] all bitcoin transactions last year, we did that in three hours of trading [on a Citi forex trading platform].
The problem with this is that the transactions are different from forex trades. There were probably a higher volume of dollar forex trades last year then there were a volume of dollar trades (as in using dollars for purchases). A much better apples to apples comparison would be either bitcoin trade volume (on exchanges) over all the exchanges verses the forex trade volume or bitcoin transaction volume (after adjusting for things like mixing and sending bitcon to yourself) verses dollar transaction volume
legendary
Activity: 1148
Merit: 1001
January 27, 2015, 06:28:35 PM
#5
They will be against it, because it threatens their system. None of the points made hold ground against Bitcoin.

Quote
"If you take [the value of] all bitcoin transactions last year, we did that in three hours of trading [on a Citi forex trading platform]. So I think the maturity of it – I don't think it's quite there yet," Baxter said.

Baxter pointed to bitcoin miners dropping out of the network as evidence that the cryptocurrency's economics failed to "stack up". He was building on an earlier point that technology innovators should focus their efforts on the "core" of the existing financial system, rather than its periphery.

Because no new technologies have road bumps or hiccups.
sr. member
Activity: 381
Merit: 250
January 27, 2015, 06:25:59 PM
#3
Check out coindesk.

We have the self righteous socialist California and shitty bank against us. 
I am proud to be a bag holder for a change Smiley



lol, the guy at Citi, "we already have a decentralized ledger". Wheres my copy of all banking transactions ever?
hero member
Activity: 882
Merit: 1005
January 27, 2015, 05:27:37 PM
#2
hero member
Activity: 700
Merit: 500
January 27, 2015, 05:20:00 PM
#1
Check out coindesk.

We have the self righteous socialist California and shitty bank against us. 
I am proud to be a bag holder for a change Smiley

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