Quote from: bbc.reporter on September 23, 2019, 03:08:10 AM

The billionaire CEO of alternative investment firm Blackstone says he loves blockchain, but will never invest in Bitcoin.
Stephen Schwarzman tells Fortune hes not interested in Bitcoin or crypto assets, saying he doesnt know why theyre necessary.

This part i can understand because BTCitcoin is not necessary if you are sitting idle and does not have the time to trade nor having any plans for international trade and transaction. Blockchain start ups can be a multi billion dollar business.

Quote from: bbc.reporter on September 23, 2019, 03:08:10 AM

Schwarzman says he doesnt get why anyone would want or need a currency thats not controlled by governments and banks, and hes concerned about Bitcoins use among criminals.

Not sure why he is not concerned about the fiat currency use among criminals Roll Eyes

.

Quote from: bbc.reporter on September 23, 2019, 03:08:10 AM

Theres all kinds of uses you can have from certain executions. [Blockchain technology] is a very good idea, and it will end up being adopted because its good technology. Applying it to the creation of money is sort of, for my taste, pretty odd.
Blackstone has been under Schwarzmans leadership since it was founded in 1985.

From the age old barter system to the creation of money by rulers 8000 years back there is not much of a change as it is controlled by a certain group and the valuation are manipulated but when it comes to BTCitcoin, the market determines the value and it is time to bend and change the age old concepts and start accepting decentralized currency, not sure what is the problem to have some positive change from the age old concepts.