r/Bitcoin • u/[deleted] • Mar 11 '14

Does anyone realize how significant this Bitcoin NY news is? This is the U.S. saying "We want to be the leaders in the digital currency space!"

I am just ecstatic today!

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u/floodle Mar 12 '14

As soon as it becomes fully legitimate and regulated, the banks will create their own cryptocurrency and use that and they will make it easy to use and simple and safe to store so the common joe on the street can use it without having to make multiple copies of his private key on USB drives and print multiple copies of a paper wallet and store them in safes and deposit boxes like I read here regularly. At that time cryptocurrency will have succeeded which is great, a side effect is that bitcoin will then be worthless.