The Bank Of England Just Said It Thinks Bitcoin Could Be Huge

SOAD

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Quote from: hodgson on September 12, 2014, 04:13:03 AM

key innovation is not the digital currency itself — which is subject to wild fluctuations — but the "distributed ledger" Grin

I think the genius of bitcoin is in both the coin/currency and the technology, though obviously the blockchain is what really makes bitcoin unique. The wild fluctuations are fiat's problem really.

1Referee

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They have to look at Bitcoin at some point, it's here to stay.

If you can't beat your enemies, then join them.

SpongeBTCants

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And it hasn't even begun.

Daniel91

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The Bank Of England Just Said It Thinks Bitcoin Could Be Huge.

Very interesting statement from well known and respected financial institution.
I really hope that Bitcoin become globally accepted soon, and first choice for many ''big'' merchants as payment option.

minerpumpkin

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A pumpkin mines 27 hours a night

Didn't they stress that it could be used in a way to trade stocks or track the ownership of things, much like Colored Coins, and all those projects that attempt to do something like that? I think that this is something people may not have notices about Bitcoin. It can also be used to prove the existence of, say, a document at some point in time, by posting its hash on the blockchain.

Divinespark

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I think what the BoE said is that btc can disrupt BoE monetary policy
You can bet that BoE will not want btc to thrive and succeed

hodgson

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key innovation is not the digital currency itself — which is subject to wild fluctuations — but the "distributed ledger" Grin

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