Author

Topic: Larry Summers former US Treasury Secretary: It’s a serious mistake to write off (Read 537 times)

hero member
Activity: 756
Merit: 500
Well he actually said something smart this time. Anyone writing off Bitcoin is doing a huge mistake.

I think anyone who writes it off really doesnt know what they're talking about. they don't have to think it's going to be the future of money but to say it's never going to go anywhere is just fear and ignorance more likely.
legendary
Activity: 2674
Merit: 3000
Terminated.
Well he actually said something smart this time. Anyone writing off Bitcoin is doing a huge mistake.
sr. member
Activity: 462
Merit: 250
Summers is an abrasive guy but fundamentally intelligent
Nice quote!
hero member
Activity: 612
Merit: 500
Quote
“Very serious economists thought that the Internet was going to be no more important than the fax machine so I’m not willing to dismiss Bitcoin. At the same time, I do think it’s important to recognize that it can’t and won’t flourish as a way of avoiding legal protections.”

Paul Krugman, how do you feel now lol? Cheesy

sr. member
Activity: 252
Merit: 250
Despite his cynicism regarding a virtual currency marketplace, Summers disparaged bitcoin critics by saying they are “on the wrong side of history.”

http://www.pfhub.com/larry-summers-former-us-treasury-secretary-its-a-serious-mistake-to-write-off-bitcoin-637/
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