Wednesday, February 19, 2014

The Demise of Big Banks


Are the big banks finally getting their due? Or is this just wishful thinking? It looks like a decline in the values of the big banks' stocks has begun :

Will the rise of internet currencies speed the fall of the big banks? I hope so.  And, I like to think that my small investments and contributions to the bitcoin cause may help in that.

Recent news of bitcoin progress (from coindesk.com):

Bitcoin ATM Gets Surprise Launch in Biggest Boston Train Station

 (@pete_rizzo_) | Published on February 19, 2014 at 23:32 GMT | Bitcoin ATMInvestors,News
Though they missed becoming the first operational bitcoin ATM in the US by less than 24 hours, the entrepreneurs behind Liberty Teller caused quite a stir when they revealed that they would boot up their new Lamassu machine in Boston’s busy South Station on 19th February.
The largest train station in the Boston metropolitan area, South Station holds 13 tracks and seven platforms as part of the city’s public subway system, and is the last stop for New England commuters who take the public commuter rail. These additional lines provide extended service to nearby metros Providence and Worcester.
Speaking to CoinDesk, Liberty Teller founder Chris Yim said he couldn’t have asked for a better location...    go here for the rest of this article

related post from Nov 2013

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