Old Radical: How Bitcoin Is Being Destroyed

The Old Radical: How #Bitcoin Is Being Destroyed - interesting view

I am an e-Money researcher and crypto economist focused on expanding the circulation of nonpolitical digital currencies. My career has included senior influential posts at Sumitomo Bank, VISA, VeriSign, and Hushmail. "Free-market protagonists, such as Matonis, regard cybercash as better than traditional government-issued or -regulated money, because it is determined by market forces and thus nonpolitical in nature." --Robert Guttmann, Professor of Economics at Hofstra University, in Cybercash: The Coming Era of Electronic Money , 2003 "Matonis is quite correct that the new technology makes easier the use of multiple private currencies." --Mark Bernkopf, Federal Reserve Bank of New York, in "Electronic Cash and Monetary Policy" , 1996 "Matonis argues that what is about to happen in the world of money is nothing less than the birth of a new Knowledge Age industry: the develo...

Full article: http://themonetaryfuture.blogspot.co.uk/2012/10/the-old-r...