DOES BITCOIN CHALLENGE STATE SOVEREIGNTY?

Attending the World Bank Conference Mark T. Williams gave his presentation entitled, ‘Virtual Currencies – Bitcoin Risk’ in which he outlines ’10 Major Bitcoin Risks.’ The presentation begins with an overview stating that the European Banking Authority has identified over 70 risks associated with virtual currencies before diving into the ten ‘most significant risks associated with Bitcoin.’
Ten Major Bitcoin Risks
His first points will come as no surprise to many in the Bitcoin community. But it’s his last point I want to focus on.
Bitcoin Is Not Legal Tender Extreme Price Risk Extreme Price Risk Can quickly Erase Company Profit Margins

This post was published at Crypto Coins News on November 14, 2014.

Comments are closed.