American computer scientist, futurist and Google’s director of engineering Ray Kurzweil stated at the Exponential Finance conference this week: “Currencies like the dollar have provided reasonable stability Bitcoin has not. And it’s not clear to me that the whole mining paradigm can provide that type of stability… We’ve seen tremendous instability with Bitcoin, so I wouldn’t put my money into it.”
He added: “Providing greater transparency, and blockchain does provide that, could be something adopted by leading currencies like the existing national currencies.”
Do you agree with his statement ?
Here is a video where Ray Kurzweil discusses Bitcoin, 3d printing food, Future payments… And gives predictions for 2020.