He argued that while he believes that
bitcoin meets the conditions to serve as a form of money, this state of affairs won't last forever.
Not exact matches
Many respected financial analysts including RT's Max Keiser and Wall Street analyst Tom Lee believe
bitcoin could evolve into a multi-trillion dollar financial network in the upcoming years, given that
conditions are
met and developer activity around it remains vibrant.
If any Shares remain outstanding after the date of termination, the Trustee thereafter shall discontinue the registration of transfers of Shares, shall not make any distributions to Shareholders, and shall not give any further notices or perform any further acts under the Trust Agreement, except that the Trustee will continue to collect distributions pertaining to Trust assets and hold the same uninvested and without liability for interest, pay the Trust's expenses and sell
Bitcoins as necessary to
meet those expenses and will continue to deliver Trust assets, together with any distributions received with respect thereto and the net proceeds of the sale of any other property, in exchange for Shares surrendered to the Trustee (after deducting or upon payment of, in each case, the fee to the Trustee for the surrender of Shares, any expenses for the account of the Shareholders in accordance with the terms and
conditions of the Trust Agreement, and any applicable taxes or other governmental charges).
Imagine a future where parents can set up
bitcoin wallets for their teens that only lets kids spend a designated allowance per day when certain
conditions have been
met.
Many respected financial analysts including RT's Max Keiser and Wall Street analyst Tom Lee believe
bitcoin could evolve into a multi-trillion dollar financial network in the upcoming years, given that
conditions are
met and developer activity around it remains vibrant.
(*
Bitcoin XT and
Bitcoin Classic are programmed to deviate from the current
Bitcoin protocol if certain
conditions are
met, but do follow the current
Bitcoin protocol until then.)
However, as the agency proceeds with the review of registrants, five small companies have withdrawn their applications due to «not
meeting the necessary
conditions,» NHK reported on Saturday, adding that these companies are exiting the
bitcoin exchange business entirely.
However, many see this as a major challenger to
bitcoin because the ethereum blockchain on which ether is built can allow for «smart contracts,» essentially computer programs that execute themselves when certain
conditions are
met.