The fact that Bitcoin is getting more and more accepted daily by the general public is nothing new under the sun. Companies are using it as an alternative payment method for their services, like newspaper subscriptions. It is remarkable that a US Federal Reserve representative can see how the wind is blowing. He does consider that Bitcoin is a great alternative, alongside the regular payment methods.
“I have heard stories about people who lost their jobs but supported themselves and their family by means of Bitcoin. In my book that is exactly what a currency is all about; helping to pay the bills” one of our high up informant at the US Federal Reserve said.
Our source continues: “However we are deeply concerned about what is happening with exchanges and the irregularities with Mt. Gox that could potentially spill over to other exchanges. Another concern is about the exchange called “Cryptsy”. They seem good and all but deleting their own messages for one isn’t a good way to generate trust”.
“We are thinking about protecting the customer/investor in all of this so we are thinking about how we could get some kind of control on the exchanges. This would greatly improve on stability of the virtual currencies and will be a way to keep the exchanges, who are getting too much power in our opinion, straight and honest”.
This is a great leap forward for validating and recognizing Bitcoin for what is really is; a viable alternative payment method for anyone. We can debate the fact that Bitcoin is staying only “virtual” since there are already physical coins and Bitcoin scratch cards, like Prypto, that is making Bitcoin more accessible for everyone.
When we asked about the future of Bitcoin he said: “ Bitcoin will probably never die a virtual death. The currently 140 or so other currencies that are out there will be reduced to a mere handful. The ones that toil in obscurity, like Lottocoin and others, will not survive because they haven’t stipulated anything”.
On the question if Bitcoin will ever replace the Dollar, the Euro or the Yuan he said: “ mixing Virtual currency with digital ones and saying which one is best is not a good thing to compare. The dollar the Euro and the Yuan have different developments, not to mention are created in different countries.”
“It isn’t so easy to make a comparison. It is just like shooting from the hip, it’s possible that you hit something, but more often than not you will miss. I, but also other high ranking members, see Bitcoin as a viable alternative payment method. We haven’t seen any evidence that Bitcoin will replace current currencies but will continue to exist as an alternative virtual payment method”.
Bull shit.
This is the view from one of the people working there, who is a friend of Serge.
This does not represent the view of the Federal Reserve as a whole, just an individual 🙂
Interviews that other sites make/do you believe but reports and interviews from this site you don’t believe? or is this just a personal crusade? or something about the reporting that you do not like? or are you just a trolling goon dripping ugliness from your mouth.. seeing your reaction and your name it is just that. The author of this article followed the set parameters for doing an interview; if an interviewee doesn’t want his or her name revealed for whatever reason the interviewing journalist isn’t going to give it out.
I suggest that you, since you do not use your own name should go to a doctor and see if the doctor can’t give you something for your frustration.
The last thing we need is the Federal Reserve taking over bitcoin.
This is a nice article and represents a great view about how the mainstream general public is shifting their position. I trust the source and I trust Serge, with whom I have worked on many research projects at university. I also know the person who he talked to personally.
YouMadeitUP: where is your evidence? Everyone can claim that it is "Bull shit" but backing it up with evidence or proof… people like you are just frustrated little children with no brains that are jealous on the expert knowledge and the journalistic skills Jean-Pierre and Serge bring to the table. Go and suck on your big toe trolling idiot.