Notes on a recent annual Global Payments Forum. Starts off with;
The most interesting feature was the volume of internal payments – the entire country of Chile was doing only 5x the monthly volume of transfers via its banking network that BitInstant had now achieved
In other words, BitInstant was processing 1/5 th of the monthly payments of Chile’s internal payment system. I was thinking, if we’re not careful, Bitcoin might become a real currency before anybody even realizes it. Mark my words, sometime in 2013, the Bitcoin economy will be larger than that of a few small nations.
there are now some members of the Atlanta Federal Reserve who are in possession of Bitcoin – perhaps simply holding it on their own phones will make them less antagonistic toward this alien technology. I can imagine them taking this sample back to their laboratory to be dissected, and surely they will try to figure out a way to print more of it......"