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Author Topic: 2013-05-01 BI: Chamath Palihapitiya Interview  (Read 679 times)
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May 07, 2013, 08:18:47 PM
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Video, two minutes long, Bitcoin at 1:45.

Quote
Zuckerberg Confidant Says Facebook Users Are Going To 'Get Bored,' Unless ...

Before he left to found a venture capital firm, Social+Capital, Chamath Palihapitiya was Facebook's longest-tenured senior executive. He remains close with Facebook CEO Mark Zuckerberg.

He stopped by BI headquarters yesterday.

He told us that he'd give Facebook CEO Mark Zuckerberg an "A-/B+" for his performance since last year's IPO.

Palihapitiya said that he's worried Facebook is getting lost in incremental "feature creep" – and that it should be focusing on "ground-breaking new products."

He suggested Facebook should think about solving problems in healthcare, education, or maybe even bringing Bitcoin into the mainstream.

http://www.businessinsider.com/if-facebook-doesnt-start-attacking-ground-breaking-ideas-its-users-are-going-to-get-bored-2013-5
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May 07, 2013, 09:17:09 PM
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Nice plug!

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"Healthcare could benefit.  Education could benefit.  Financial [services] could benefit, could you imagine for example; if facebook decided to embrace bitcoin? You know, and launched a bitcoin wallet for a billion and a half people, two billion people? What that does to the financial services industry?"
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May 07, 2013, 11:14:05 PM
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That would be rather ironic. I don't really enjoy Facebook's propensity to turn people's data into a commodity - or their collection on someone being handed over to anyone with an inclination to dig into a users activities.

This could spur the adoption of "registering" an address on your profile that the government would use to determine what you've been up to. Of course, that is totally ignoring the fact that you could have many addresses and just use those. I can just see some government agency somewhere thinking that is a great idea.

I have mixed feelings, I suppose.

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May 07, 2013, 11:36:59 PM
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The segment is actually 4 minutes, and what he says in the second half is also about Bitcoin, though he doesn't mention it by name. This guy, as a very well-spoken former Facebook exec, is a one-man PR machine.
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