HIGHLY POTENT NEWS THAT MIGHT CHANGE YOUR VIEWS

Andreas Antonopoulos Makes Case for Bitcoin Before Australian Senate — video included

Andreas Antonopoulos

Andreas Antonopoulus

by (@yessi_kbello)
CoinDesk
Mar 4, 2015

Bitcoin evangelist Andreas M Antonopoulos has appeared before the Australian Senate as part of an inquiry into the local treatment of digital currencies.

The prominent bitcoin ‘guru’ made the case for bitcoin, saying that its unique architecture and payment mechanism had important implications for network access, innovation, privacy, individual empowerment, consumer protection and regulation.

Claiming that bitcoin represented a “unique opportunity in two areas for Australia”, Antonopoulos said:

“Bitcoin can introduce much needed competition in the retail payments industry, undercutting the expensive systems offered by credit and debit cards, whilst significantly improving security and privacy for consumers.”

“Secondly, the bitcoin industry can establish Australia at the forefront of the next wave of innovation of financial services. A wave that can extend financial services to more than two billion people throughout Southeast Asia, who are currently unbanked,” he continued.

[…CONTINUE READING THIS ARTICLE]

[video of the testimony]

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s