BitCoin Is Gold 2.0: Venture Capitalist
The bitcoin boom is just getting started, two venture capitalists said Monday at the TechCrunch Disrupt conference. Get ready for a wave of new bitcoin start-ups, said Chris Dixon, general partner at Andreessen Horowitz. Bitcoin start-ups are a "very interesting area" and present an opportunity for the creation of a range of new businesses, including companies focused on merchant services—like PayPal—bitcoin exchanges and companies with banking models that focus on storing the digital currency. "What the critics are underestimating is that you had a first wave of bitcoin start-ups and people were interested in it and ... (full story)
- Wow....how many Bitcoins did they give to CNBC to write such an article? Unreal endorsement of what seems like such a longshot to survive as anything with worth. I may be naive, but I'm not banking on a newly made up currency. What's to stop some a flood of other currencies to appear out of thin air too? Very sketchy it appears to me. It's kinda like when used to go the arcade as a kid and trade cash for "tokens" that I could use in the arcade...that's fine. But I'm not putting my 401k into amusement park tokens and hoping they appreciate over time. Seems a bit premature to call it Gold 2.0.
- Posted: Apr 29, 2013 7:53pm
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