Move over, small time Bitcoin exchange startups,Wall Street has arrived

The Wall Street Journal ^ | Mar 12 2014 | MICHAEL J. CASEY

[TsonicTsunami08]

High-speed telecommunications provider Perseus Telecom and digital currency trading platform Atlas ATS formally launched Wednesday a globally integrated bitcoin exchange system in New York, Hong Kong and Singapore to facilitate trading in the digital currency by high-frequency trading firms and other large financial institutions.

[TsonicTsunami08]

Now," institutional investors and banks can see that there are known players with the right pedigree" engaged in bitcoin, said Jock Percy, chief executive officer of Perseus.

As predicted Wall Street is taking the leap into Bitcoin. Stand by for an avalanche of inflowing capital. A blind man could see this coming.

[corkoman]

but wait - didn’t these guys get the memo that BTC was a sham?

[Errant]

Thanks TsonicTsunami08

Click to be Added / Removed.

[TexasGator]

“to facilitate trading in the digital currency by high-frequency trading firms “

Good luck! There website barely loads now! Not a great confidence builder.

[TsonicTsunami08]

Didn’t realize the Journal was a pay service. Heres the CoinDesk link.

http://www.coindesk.com/perseus-telecom-launches-digital-currency-initiative-integrated-exchange/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+(CoinDesk+-+The+Voice+of+Digital+Currency)

[TsonicTsunami08]

No luck necessary, Moore’s law and Metcalf’s law are in full effect. Nothing known to man at this time can stop the adoption of Bitcoin!

[TEXOKIE]

So what’s the consensus? Are bitcoins a good thing or a not so good thing?

[PoloSec]

Through all the recent attacks Bitcoin managed to hold up just fine.

You can’t keep a good idea down, despite what all the naysayers say.

[Errant]

Nothing known to man at this time can stop the adoption of Bitcoin!

Well, maybe global thermonuclear war. But then even gold and silver would be worthless.

[TsonicTsunami08]

You have been steadfast through this Errant, God bless you! We are at the end of the beginning!

[mmichaels1970]

So what’s the consensus?

lol...A brief perusal of the numerous bitcoin threads on FR will demonstrate that there is nothing close to a consensus.

Are bitcoins a good thing or a not so good thing?

In my opinion, they have the potential to be a GREAT thing.

[Errant]

Thanks for the kind words Sonic... Thinking back when we all first started posting about Btc and all the crap we took, I remember you (and the others) always there helping to deflect it! ;)

There will be other trying times though. It comes in all cycles...

[TsonicTsunami08]

This is not financial advice. I have skin in Bitcoin. Bitcoin for me is a very good thing. Others on this board will disagree but events seem to contradict their feelings on the matter.

[TsonicTsunami08]

Yes, there has been intense negative pressure on Bitcoin by the state run media lapdogs from every quarter. Their efforts are failing miserably.

[Vermont Lt]

A thing can be neither good nor bad. It is what you do with the thing.

[Vermont Lt]

I am in agreement. I like the way things feel post Gox.

[TsonicTsunami08]

Agreed, there will be setbacks but the outcome is assured. This is going to help people everywhere.

[discostu]

Wall Street has been living on the Greater Fool theory for decades, they don’t care if it’s a sham so long as they can sell for 1 penny more than they bought.

[TexasGator]

“No luck necessary”

But volume is needed. Most of the bid/ask are in fractional shares/bitcoins.

[TexasGator]

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