However, I'm sure they are working hard to fix this now
Topic: Throw central bankers into a room with hardcore Bitcoiners and what do you get? (Read 1407 times)
July 13, 2014, 09:15:05 AM
I love the fact that the UK government (therefore the banks) have tried to dismiss Bitcoin by announcing that it is not a 'currency' - however, they've have shot themselves in the foot because Bitcoin keeps growing in value and the Banks can now only look on. Their own policies state they are not legally allowed to touch anything that isn't a currency.
However, I'm sure they are working hard to fix this now
However, I'm sure they are working hard to fix this now
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July 13, 2014, 05:47:51 AM
I'm surprised there wasn't a fist fight frankly, that's worrying, I seriously think that if the financial companies get involved they'll try and force some kind of change on the Bitcoin code itself and the way it operates, good thing it was released open source.
I thought this would be a fist brawl mortal combat type thread in the press forum with that title.
Not much can be done if they want to invest in it, still a nice change of pace from lets just ban this.
Bitcoin invites financial inclusion but there’s one impression I can’t shake off. Panel after panel were dominated by men in shiny suits and shoes reclining at their ease in armchairs – give these guys a few years and a few more steaks and they’ll look just like the ‘fat cats’ they seek to supplant.
That might happen as well just hope they all don't look like Karpeles ^_^.
July 13, 2014, 05:29:35 AM
Well whatever the reason, they at least talking. Communication is vital. If the power of banking without dictatorship, could be incorporated with crypto currency, it would be productive. But if they talking to do a strategic take over, people would just move on to the next best thing, that are not massively regulated an monopolized.
Most people can smell bullshit, before they step in it anyways. So if this is a smoke screen, people would spot it quickly.
Most people can smell bullshit, before they step in it anyways. So if this is a smoke screen, people would spot it quickly.
July 13, 2014, 01:21:37 AM
Personally I would prefer other countries adopt a hands off no-regulation approach to bitcoin entirely. That being said, it does appear inevitable at this point.
I would've anticipated a meeting such as this to have some fireworks at least
I would've anticipated a meeting such as this to have some fireworks at least
July 13, 2014, 12:50:33 AM
Mainstream financial players can't lobby a Bitcoin friendly regulation? They almost own the regulators.
July 13, 2014, 12:23:17 AM
To sum up a rather intriguing conference, mainstream financial players want to be in Bitcoin because they are fundamentally driven by profit and they see the innovation here, but they are currently held back by cumbersome regulatory structures.
Mainstream financial players can't lobby a Bitcoin friendly regulation? They almost own the regulators.
July 12, 2014, 09:35:02 PM
A look at the BitFin Conference, Dublin.
To sum up a rather intriguing conference, mainstream financial players want to be in Bitcoin because they are fundamentally driven by profit and they see the innovation here, but they are currently held back by cumbersome regulatory structures. On the other side of the fence the Bitcoin community are divided.
Ultimately, mainstream adoption won’t happen until Bitcoin can play nicely with the banks but this tends to leave a bad taste in the mouth for libertarians and anyone cautious of disciplinary governance tactics. Can you imagine the power that current financial authorities could wield with the ‘Big Data’ sitting on the Blockchain? Letting the banks ‘in’ could be a major mistake unless some of their vast and imposing powers can be dismantled first
Bitcoin invites financial inclusion but there’s one impression I can’t shake off. Panel after panel were dominated by men in shiny suits and shoes reclining at their ease in armchairs – give these guys a few years and a few more steaks and they’ll look just like the ‘fat cats’ they seek to supplant.
Read the full article here: http://www.bitcoinukmedia.com/?page_id=36
Listen to the podcast interviewing BitFin speakers: http://www.bitcoinukmedia.com/?p=141
To sum up a rather intriguing conference, mainstream financial players want to be in Bitcoin because they are fundamentally driven by profit and they see the innovation here, but they are currently held back by cumbersome regulatory structures. On the other side of the fence the Bitcoin community are divided.
Ultimately, mainstream adoption won’t happen until Bitcoin can play nicely with the banks but this tends to leave a bad taste in the mouth for libertarians and anyone cautious of disciplinary governance tactics. Can you imagine the power that current financial authorities could wield with the ‘Big Data’ sitting on the Blockchain? Letting the banks ‘in’ could be a major mistake unless some of their vast and imposing powers can be dismantled first
Bitcoin invites financial inclusion but there’s one impression I can’t shake off. Panel after panel were dominated by men in shiny suits and shoes reclining at their ease in armchairs – give these guys a few years and a few more steaks and they’ll look just like the ‘fat cats’ they seek to supplant.
Read the full article here: http://www.bitcoinukmedia.com/?page_id=36
Listen to the podcast interviewing BitFin speakers: http://www.bitcoinukmedia.com/?p=141
This was something I would have loved to see, thank you for the report.
The dramatic Bitcoin story is just starting to get more intense...
July 12, 2014, 08:36:13 PM
I'm surprised there wasn't a fist fight frankly, that's worrying, I seriously think that if the financial companies get involved they'll try and force some kind of change on the Bitcoin code itself and the way it operates, good thing it was released open source.
July 12, 2014, 06:52:04 PM
Thanks for the recap but let's face it, we can't stop anyone from wanting to get a piece of the action especially those greedy banksters who were gonna come on board at some point.
July 12, 2014, 11:45:50 AM
A look at the BitFin Conference, Dublin.
To sum up a rather intriguing conference, mainstream financial players want to be in Bitcoin because they are fundamentally driven by profit and they see the innovation here, but they are currently held back by cumbersome regulatory structures. On the other side of the fence the Bitcoin community are divided.
Ultimately, mainstream adoption won’t happen until Bitcoin can play nicely with the banks but this tends to leave a bad taste in the mouth for libertarians and anyone cautious of disciplinary governance tactics. Can you imagine the power that current financial authorities could wield with the ‘Big Data’ sitting on the Blockchain? Letting the banks ‘in’ could be a major mistake unless some of their vast and imposing powers can be dismantled first
Bitcoin invites financial inclusion but there’s one impression I can’t shake off. Panel after panel were dominated by men in shiny suits and shoes reclining at their ease in armchairs – give these guys a few years and a few more steaks and they’ll look just like the ‘fat cats’ they seek to supplant.
Read the full article here: http://www.bitcoinukmedia.com/?page_id=36
Listen to the podcast interviewing BitFin speakers: http://www.bitcoinukmedia.com/?p=141
To sum up a rather intriguing conference, mainstream financial players want to be in Bitcoin because they are fundamentally driven by profit and they see the innovation here, but they are currently held back by cumbersome regulatory structures. On the other side of the fence the Bitcoin community are divided.
Ultimately, mainstream adoption won’t happen until Bitcoin can play nicely with the banks but this tends to leave a bad taste in the mouth for libertarians and anyone cautious of disciplinary governance tactics. Can you imagine the power that current financial authorities could wield with the ‘Big Data’ sitting on the Blockchain? Letting the banks ‘in’ could be a major mistake unless some of their vast and imposing powers can be dismantled first
Bitcoin invites financial inclusion but there’s one impression I can’t shake off. Panel after panel were dominated by men in shiny suits and shoes reclining at their ease in armchairs – give these guys a few years and a few more steaks and they’ll look just like the ‘fat cats’ they seek to supplant.
Read the full article here: http://www.bitcoinukmedia.com/?page_id=36
Listen to the podcast interviewing BitFin speakers: http://www.bitcoinukmedia.com/?p=141
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