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Author Topic: 2013-04-22 Zerohedge: BitCoin Or BetaCoin? What Venture Capitalists Are Thinking  (Read 1303 times)
solex (OP)
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April 23, 2013, 04:30:37 AM
 #1

http://www.zerohedge.com/news/2013-04-22/bitcoin-or-betacoin-what-venture-capitalists-are-thinking


Full title:
BitCoin, Or BetaCoin? What The Venture Capitalists Are Thinking

Another excellent article which shows the progress being made by Bitcoin towards mainstream finance.

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April 23, 2013, 07:03:24 AM
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A notable quote:
Quote
My humble recommendation to venture capitalists to avoid further regulation or an outright ban is to quickly convince global charities to use the bitcoin system for both donations and money transfers.  It is, after all, ideally suited to the purpose of taking in money in rich countries and efficiently moving it abroad to places with limited financial infrastructure.  According the National Philanthropic Trust, individual Americans gave $218 billion in 2011, the most recent information available, and there are over one million charitable groups operating in the U.S.  Presumably they all have bank accounts to process payments and would like a more efficient way to distribute funds.

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n8rwJeTt8TrrLKPa55eU
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April 23, 2013, 02:34:13 PM
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A notable quote:
Quote
My humble recommendation to venture capitalists to avoid further regulation or an outright ban is to quickly convince global charities to use the bitcoin system for both donations and money transfers.  It is, after all, ideally suited to the purpose of taking in money in rich countries and efficiently moving it abroad to places with limited financial infrastructure.  According the National Philanthropic Trust, individual Americans gave $218 billion in 2011, the most recent information available, and there are over one million charitable groups operating in the U.S.  Presumably they all have bank accounts to process payments and would like a more efficient way to distribute funds.

Absolutely great advice.
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April 23, 2013, 04:36:48 PM
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This is the best article about Bitcoin I have seen.
jgarzik
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April 24, 2013, 02:08:21 AM
 #5

This is the best article about Bitcoin I have seen.

A good one, agreed.


Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own.
Visit bloq.com / metronome.io
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