[2016-01-18] Glenn Hutchins: You Can’t Have the Blockchain without Bitcoin

[tyz]

Essentially, banks and leading financial institutions are trying to embrace the Bitcoin blockchain technology to reduce IT management costs and facilitate robust yet cost-efficient transactions. However, Hutchins emphasize that Bitcoin is more like copper, not gold. The Blockchain without Bitcoin cannot exist, as electronics cannot…
http://www.altcointoday.com/blockchain-without-bitcoin/

[Denker]

That dude seems to be a smart guy.I enjoyed his 10 minutes of talking and think he made some really good points why Bitcoin compared with copper works really good as an analogy.
Furthermore he is not afraid to say what he thinks about the banks private blockchains as calling them "grandmas's version of Bitcoin"LOL!