Bitcoin ‘More Than Just a Fad,’ Morgan Stanley CEO Says

Re:Bitcoin ‘More Than Just a Fad,’ Morgan Stanley CEO Says by eksemplar on Wednesday September 27, 2017 @12:47PM (#15349654)

Your product simply isn't valuable if the world wouldn't miss it if it disappeared over night. Outside of keeping money away from legislation what value does crypto currencies have that would be missed?

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Re:Bitcoin ‘More Than Just a Fad,’ Morgan Stanley CEO Says by chrisco255 on Wednesday September 27, 2017 @01:09PM (#15349883)

Try transferring $1 million (or hell, even simply more than $10K) of legitimate cash to another country. With USD you have to jump through hoops. With BTC, it's less than an hour to clear and the transaction fee is peanuts. BTC has properties of physical cash and credit/debit cards. That's valuable.

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Re:Bitcoin ‘More Than Just a Fad,’ Morgan Stanley CEO Says by eksemplar on Wednesday September 27, 2017 @02:40PM (#15350925)

I don't know about the US, but that would be illegal in a lot of countries.

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