Business magnate Sir Richard Branson’s no stranger to the topic of bitcoin and digital currency.
In November of last year, Branson announced that his latest and greatest venture, , would be accepting bitcoin for short flights to space.
In the , Branson spoke about a number of topics, of which include (yes, you guessed it) bitcoin.
“It was a genius who set [Bitcoin] up,” he told the magazine.
Mr. Branson instead feels that a successful means of digital payments could come from someone well known like Twitter co-founder Jack Dorsey.
Dorsey, of course, now runs , a company that seeks to make accepting credit/debit cards simple.
“He’s the kind that’s more likely to come up with the currency of the future that would be completely transparent,” he said, “Maybe using the Virgin Money brand.”
But despite the genius behind bitcoin, Branson says there’s a number of flaws with it — chiefly, its transparency. Specifically, the fact that most people don’t know who Satoshi Nakamoto — the creator — is.
“It may not be the perfect global currency of the future yet, but it’s the pioneer of a global currency.”Branson noted in late January that “six or seven” individuals had purchased a Virgin Galactic flight using bitcoin, including a stewardess from Hawaii. Each flight is priced at about $250,000, or about 500 BTC at the current exchange rate.
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Neal Palmquist says: 
Eric Westernhagen says: 
says: 
Singapura says: 
Bitcoin is to gold as a house of cards is to tremors.
I would like to hear Richard explain how Bitcoin is genius but the Confederate Dollar printed by the South during the Civil War was not genius. And would Bitcoin still be genius in the context if the South won the war and it is now the United States Dollar that no longer has central authority control? And how does Bitcoin have the power by itself to stop the world reserve currency USD from becoming the reward and whole payments system for any hypothetical scenario of forced labor operations that can potentially pop up anywhere in the world? After a 98% crash from the all time high, Bitcoins should be captured and re-minted into a new crypto-currency with municipal backing, laws, financial service regulations and customer service. In other words, I think Las Vegas will turn them into casino chips and they don’t necessarily need Branson to tell them how to do it properly. I mean, if Branson gets that interview then I want an interview, too! After Las Vegas builds the Vegas Coin Exchange, then banks can build financial services and merchant systems based on the Las Vegas Coin exchange. AND GUESS WHAT!!! A Las Vegas Coin ATM will actually pay you cash for your currency!!! Imagine that, Bitcoiners! Life without pretending that a vending machine networked to a trading exchange is supposed to be called an ATM. Wow, such a marvelous, pioneering concept! I don’t see any ATMs that pay cash for Bitcoins in any of the Virgin Mobile store fronts. That will NEVER happen, for sure! Right, Richard? You going to buy my Bitcoins with YOUR United States Dollars? Space flights in the future are acceptable virtual transactions, but keeping the logistics for cash in transit operational at all times for every one of your locations isn’t so very virtual. Nawww, no worries. I didn’t ever think you were going to give me my money back. I must say that I am surprised Branson has not figured out to be quiet and he has not attempted to slip silently into the background as far as Bitcoin is concerned. Apparently, the Bitcoin suicide cult desperately needs an evangelist to start a revival. It must be too expensive for people like Branson to come up with the cash to stop the Bitcoin crash by themselves. So now they are positioning to allow Bitcoin to have total collapse.Bitcoin is to the United States Dollar as Stuart Smalley is to his mirror.