Fred Wilson of Union Square Ventures has little doubt about his bets on bitcoin.
In fact, the legendary investor called out the world’s major banks today for eschewing the first digital currency at CB Insight‘s “The Future of Fintech” conference in New York. On a panel interview with Nathaniel Popper of The New York Times, Wilson made it clear that he believes banks are missing the most important opportunity presented by bitcoin as they build private blockchains, locked inside their own servers.
The blockchain is the public database that logs every transaction in digital currency. It is permissionless, distributed to anyone that wants to operate it and public. Private blockchains copy the distributed approach, but hide it inside the servers that their creators have given permission to maintain a copy.
http://observer.com/2016/06/fred-wilson-bitcoin/
