24 Oct '14, 7pm

This week in bitcoin: Why financial and legal experts are as critical as engineers to bitcoin’s future

This week in bitcoin: Why financial and legal experts are as critical as engineers to bitcoin’s future

Every financial innovation, every time you mess with someone’s pocket book, there is skepticism. I recall when the first ATM came into my town and my mom saying “I don’t trust that machine. I want to go look someone in the eye at the bank.” Over time, convenience and usefulness one out and people use ATMs now all the time. You need to educate people on how to use the next technology. We at the Digital Currency Council see professional advisors as a channel to that education. We’re working on a study right now and the early data shows that 75 percent of people when they start to think about digital currencies will turn to a lawyer, accountant and a financial advisor. A traditional trusted advisor is who people turn to when they have questions related to their finances. That’s why we’re focused on educating that group. So they can offer a reasoned, considered response when t...

Full article: https://gigaom.com/2014/10/24/bitcoin-digital-currency-co...

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