27 Jan '15, 8pm

Citi Strategy Chief: Bitcoin's Economics Are Flawed

Citi Strategy Chief: Bitcoin's Economics Are Flawed

Bitcoin isn't mature enough for mass adoption and its economics are inherently flawed, Citi's head of digital strategy, Greg Baxter, said at a London event on digital money sponsored by the global bank. "If you take [the value of] all bitcoin transactions last year, we did that in three hours of trading [on a Citi forex trading platform]. So I think the maturity of it – I don't think it's quite there yet," Baxter said. Baxter pointed to bitcoin miners dropping out of the network as evidence that the cryptocurrency's economics failed to "stack up". He was building on an earlier point that technology innovators should focus their efforts on the "core" of the existing financial system, rather than its periphery. He said: "The real game is using digital to transform the core of our industry. [Existing platforms] are low cost, they're regulated, they're trusted – why wouldn't y...

Full article: http://www.coindesk.com/citi-strategy-chief-bitcoins-econ...

Tweets

Citi’s Digital Chief Says Bitcoin’s Economics A...

cbnco.biz 29 Jan '15, 11am

Bitcoin’s economics are inherently flawed and it isn’t mature enough for mass adoption, according to Greg Baxter, Citi’s h...

Bitcoin dropping

bullmarketboard.com 26 Jan '15, 12pm

Originally Posted by SamClemensMT Bitcoin's price is subject to fluctuate based on public perception of it presumed value....

65% Of Americans Have No Idea What Bitcoin Is, What Are You Even Saying

65% Of Americans Have No Idea What Bitcoin Is, ...

gizmodo.com 27 Jan '15, 10pm

Most Americans have no idea what Bitcoin is. A survey from Bitcoin organization Coin Center using Google Consumer Surveys ...

'Bitcoin Funfair' will Take Digital Currency to Stockholm's Consumers

'Bitcoin Funfair' will Take Digital Currency to...

coindesk.com 28 Jan '15, 9am

An event dubbed the Bitcoin Funfair will take place in Stockholm next month with the aim of encouraging use of the digital...

Bitcoin prices spike after news of first regulated U.S. bitcoin exchange

Bitcoin prices spike after news of first regula...

mashable.com 26 Jan '15, 3pm

Bitcoin may be getting some of its groove back. Coinbase, a startup that develops a mobile wallet to buy and store the dig...

How to Get a Job in Bitcoin #Job #Bitcoindogecoin

How to Get a Job in Bitcoin #Job #Bitcoindogecoin

cointelegraph.com 26 Jan '15, 8am

So you want a job in Bitcoin? Or Dogecoin or Darkcoin or ATOMIC? Disclosure: as someone who has a job in cryptocurrency, I...

Bill Gates: Digital Currency Can Help the Poor,...

gizmodo.com 28 Jan '15, 9pm

Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those c...

How Anonymous is Bitcoin? A Backgrounder for Policymakers

How Anonymous is Bitcoin? A Backgrounder for Po...

coindesk.com 25 Jan '15, 1pm

Adam Ludwin co-founded Chain.com, a bitcoin developer platform. Prior to Chain, Adam was a venture investor in companies i...

How Bitcoin Could Shake Up B2B Payments

How Bitcoin Could Shake Up B2B Payments

coindesk.com 24 Jan '15, 2pm

Bitcoin has made some big gains over the last year in business-to-consumer transactions, with many large retailers such as...

Bitcoin Might Matter More Than You Think

wsj.com 23 Jan '15, 7pm

one is Bitcoin and who isn't macro mode so ... well the answer such questions are answered in this new ... book the age of...

Volatility, Deflation and Manipulation: A Response to Bitcoin's Critics

Volatility, Deflation and Manipulation: A Respo...

coindesk.com 26 Jan '15, 9pm

Bitcoin has its share of critics and skeptics, and opposition to the emerging technology – especially among the intelligen...

#Bitcoin #Recruiting - How to recruit job candi...

barkhad.com 29 Jan '15, 3am

#Bitcoin #Recruiting - How to recruit job candidates for Bitcoin startups - Bitcoin might not yet be as ubiquitous as its ...

Reminder that #Cambridge Citi 1 is on diversion...

stagecoachbus.com 08 Feb '15, 9am

Campkin Road & Northfields Avenue, Cambridge - 1st & 8th February 2015 Road works on Sundays on Campkin Road/Northfields A...

#bitcoin

#bitcoin

bitcoinmagazine.com 22 Jan '15, 4pm

Jan 22. 2015 for BitcoinMagazine.com Those within the industry understand that one of Bitcoin’s most important features—an...

A Weekend in Bitcoin City: Arnhem, the Netherlands - MIT Technology Review (blog)

A Weekend in Bitcoin City: Arnhem, the Netherla...

technologyreview.com 26 Jan '15, 6am

Arnhem’s friendliness to Bitcoin has much to do with Patrick van der ­Meijde, a 36-year-old resident of this city of 150,0...