Circle CEO Allaire: It’s Highly Unlikely We’ll Be Using Bitcoin in 5 or 10 Years

Jeremy Allaire Circle

Blockchain technology was a key topic of conversation at last month’s Finance Disrupted event in New York, which was put on by The Economist. One of the panels at the event, Blockchain vs blockchain, explored the present state of the technology and whether or not one of the currently available options, such as Bitcoin or Ethereum, will be the one solution that brings massive efficiency gains to the world of finance over the next decade.

Circle CEO Jeremy Allaire’s comments were likely the most interesting from the perspective of the Bitcoin community because Circle makes use of the Bitcoin blockchain in their payments app. After briefly discussing the benefits of open networks, such as Bitcoin, over the walled gardens found in the traditional financial industry, Allaire went on to claim that the open standard (or standards) that the world decides to use for online value transfer in the future probably haven’t been created yet.

We’re Still in the Early Days

In general, the view at Circle appears to be that it’s very early days in the world of blockchain technology, so there’s no reason to become

Read more ... source: TheBitcoinNews

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