Topic: Fed Bank VP on bitcoin: Banks must adapt or die - page 2. (Read 1969 times)
0 comments on an article from a site no one has ever heard of.
Sorry my friend, but that article STINKS of ripple propaganda.
lol That guys going to get replaced if his superiors ever hear about that.
Want to know why so many of these Fed suits and banking class people like Ripple so much? It isn't really decentralized. Hence, it's easier to manipulate.
Ripple? are u kidding me?
No, I think Andolfatta's pretty serious.
Then again, he actually knows a thing or two about monetary systems, currency and payment rails. So it makes sense he would be able to understand something like Ripple, that's pretty complex for the average person, and see it's true benefits. or maybe since he missed out on Bitcoin, he's pumping his book?
If it leads to Ripple integration, so be it.
VP of Federal Reserve Bank of St Louis on BTC:
“What do we have here? A stroke of genius, I think.”
“I think that the Federal Reserve can compete with bitcoin as a currency. But not the payments portion.”
“The hope is to basically slay the inflation dragon. And to drive transactions costs down to zero. That’s the vision.”
“Well-run central banks should welcome the emerging competition.”
http://www.coindesk.com/federal-bank-vp-bitcoin-threat-means-banks-must-adapt-die/
“What do we have here? A stroke of genius, I think.”
“I think that the Federal Reserve can compete with bitcoin as a currency. But not the payments portion.”
“The hope is to basically slay the inflation dragon. And to drive transactions costs down to zero. That’s the vision.”
“Well-run central banks should welcome the emerging competition.”
http://www.coindesk.com/federal-bank-vp-bitcoin-threat-means-banks-must-adapt-die/
“What do we have here? A stroke of genius, I think.”
Is this an April Fools joke too?
Don't tell anyone, but I have always had a sneaking suspicion that the Fed invented Bitcoin, and Dorian's secret government projects were just that.
But I try not to say that out loud, for fear of having to buy stock in tinfoil.
Still. Why has the Fed repeatedly been the agency to blatantly support the one technology that was created to destroy it?
This inconsistency is an elephant in a room.
-B-
But I try not to say that out loud, for fear of having to buy stock in tinfoil.
Still. Why has the Fed repeatedly been the agency to blatantly support the one technology that was created to destroy it?
This inconsistency is an elephant in a room.
-B-
banks will not adapt, they are obsolete
Ripple? are u kidding me?
No, I think Andolfatta's pretty serious.
Then again, he actually knows a thing or two about monetary systems, currency and payment rails. So it makes sense he would be able to understand something like Ripple, that's pretty complex for the average person, and see it's true benefits. or maybe since he missed out on Bitcoin, he's pumping his book?
Ripple? are u kidding me?
No, I think Andolfatta's pretty serious.
Then again, he actually knows a thing or two about monetary systems, currency and payment rails. So it makes sense he would be able to understand something like Ripple, that's pretty complex for the average person, and see it's true benefits. Ripple? are u kidding me?
And banks across the nation just defecated on themselves at such a gross deviation from the status quo. I contend that the industry would be grossly negligent in failing to embrace this ideal.
Very good read!
VP of Federal Reserve Bank of St Louis on BTC:
“What do we have here? A stroke of genius, I think.”
“I think that the Federal Reserve can compete with bitcoin as a currency. But not the payments portion.”
“The hope is to basically slay the inflation dragon. And to drive transactions costs down to zero. That’s the vision.”
“Well-run central banks should welcome the emerging competition.”
http://www.coindesk.com/federal-bank-vp-bitcoin-threat-means-banks-must-adapt-die/
“What do we have here? A stroke of genius, I think.”
“I think that the Federal Reserve can compete with bitcoin as a currency. But not the payments portion.”
“The hope is to basically slay the inflation dragon. And to drive transactions costs down to zero. That’s the vision.”
“Well-run central banks should welcome the emerging competition.”
http://www.coindesk.com/federal-bank-vp-bitcoin-threat-means-banks-must-adapt-die/
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