“Bitcoin self- regulates the production of money and clearing of
transactions that have traditionally been handled by banks and
monopolistic payment systems. As an encryption-based currency, Bitcoin
enables the secure transfer of value as content through almost any
network directly from sender to receiver without counter-party risk. Its
global autonomous network disrupts the old hierarchical financial
institutions and rebels against central authority, potentially rendering
the archaic payment systems irrelevant.” ~ Nozomi Hayase

How Bitcoin Will End World Poverty{Video} William Blair partner Brian Singer explains how Bitcoin and blockchain encryption has a greater ability to bring more of the world’s population out of poverty than anything we’ve seen in decades. Those of you with slow or dialup connections here is a TRANSCRIPT.

On the NASDAQ blog, Martin Tiller ponders whether Bitcoin could destroy the Global Banking System… Here’s a snippet:

What has the industry worried is not so much Bitcoin as the blockchain. Banks are so used to taking a cut every time money changes hands that they cannot imagine life without that particular revenue stream. Here’s a LINK to the full article.  Here is a PRINTABLE version.

Draw your own conclusions? Willing to share?

See Also:  ゴールドマンサックス – ビットコインは金融の未来:

Re-Thinkng Bitcoin

#Bitcoin Your Future

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