“It is not a currency, and I don’t think it is a general means of settlement,” he said, according to The Economic Times. “Without safety or stability in its value, there would be no demand. In that sense, it cannot be a currency.”
The Governor’s comments come in the wake of a series of issues related to bitcoin enterprises, who have time and time again let down their customers. The biggest and closest to home is Mt. Gox. Based in Tokyo, the exchange collapsed earlier this year, losing hundreds of millions of dollars belonging to investors.Most recently, a Cyprus start-up dubbed Neo & Bee has apparently collapsed as well, running low on capital to keep the business running. The company’s CEO reported discontinued communications and left the country. He broke his silence last week when he said he left Cyprus to find investors, and he’s remained outside of the country due to alleged threats against his family.
The fact of the matter is that bitcoin does need to prove itself. All it needs is time.
FreeJack says: 
Rogier says: 
Fill in the blank says: 
hasan says: 
toufiq says: 
Interesting, but Bitcoin is just the tip of the iceberg in the
crypto-currency world. You should do a piece on an alternative coin,
like Zetacoin. They are about to become one of the major mobile payment
solutions around Africa, lead developers are in meetings right now to
make it happen. You can get Zetacoin on most major coin exchanges
Bter/Cryptsy/Mintpal. As of today Zetacoin are 1,000 times cheaper than
Bitcoin. They will be all over the news in the next few weeks! Do a
research piece on Zetacoin for people who don’t know what alternative
coins are, or want to get on the bandwagon before they get to $100 per
coin. Right now they’re only about $0.01 each
Interesting, but Bitcoin is just the tip of the iceberg in the
crypto-currency world. You should do a piece on an alternative coin,
like Zetacoin. They are about to become one of the major mobile payment
solutions around Africa, lead developers are in meetings right now to
make it happen. You can get Zetacoin on most major coin exchanges
Bter/Cryptsy/Mintpal. As of today Zetacoin are 1,000 times cheaper than
Bitcoin. They will be all over the news in the next few weeks! Do a
research piece on Zetacoin for people who don’t know what alternative
coins are, or want to get on the bandwagon before they get to $100 per
coin. Right now they’re only about $0.01 each