Friday, April 21

Australian Senate Testimony On Bitcoin

“The incumbent industry always wants to write the rules for their new competitors and make sure that they don’t get a foothold. Allowing Visa and MasterCard to define the rules by which this new payment network will work, will ensure that they will write such rules that will not allow Bitcoin to disrupt what is a very cosy, very stayed and solid multi billion dollar industry that has been able to shield itself from competition effectively for more than 50 years” – Andreas M. Antonopolous