[2015-06-07] Exponential Finance: Who Will Be the Instagram or Uber of Finance?

[LiteCoinGuy]

Exponential Finance: Who Will Be the Instagram or Uber of Finance?

I spent the week in New York City, attending Exponential Finance and thinking about the future of money. Many industries, including finance, will undergo big change in the coming years. We may see some fraction of the old guard go by the wayside, displaced by energetic, new upstarts. But which ones?

http://singularityhub.com/2015/06/06/exponential-finance-who-will-be-the-instagram-or-uber-of-finance/

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[cbeast]

I would like to see finance get away from any centralized entity and become community responsibility. The notion of aggregating wealth through intellectual property is anathema to progress. Technology progresses in spite of corporate greed, not because of it. Technology that decouples money from any central authority is a good thing. The market valuations of these IP companies are extremely exaggerated and driven by top-tier hyper-inflation. I would rephrase the question and ask "Who will survive the disruption of Finance?" These are the technologies that need to be developed, not for personal gain, but for the sake of progress.

[2btc]

I think it'll be some payment processor like bitpay or coinbase. They'll become the PayPal's of bitcoin at least.

[shawshankinmate37927]

I think it'll be some payment processor like bitpay or coinbase. They'll become the PayPal's of bitcoin at least.

I doubt it.  They're just intermediaries that will be needed less as the userbase grows and more open source solutions are developed.