04-18-2013, 07:37 AM
|
|
|
The People's Post
Industry Role:
Join Date: Dec 2008
Location: invisible 7-11
Posts: 63,941
|
Quote:
Originally Posted by SexyCreativity
PG = Paul Graham, pretty influential guy in the tech scene right now, and he thinks perhaps a government created bitcoin. One of his theories is that maybe a government created it to destabilize currency in nations. Interesting, that's all.
|
Quote:
History is in the making. Although this is not a major announcement pertaining to Bitcoin directly, today may be one of the most historic days in the life of the crypto currency. Today, it was announced that YCombinator, the biggest and most well known technology incubator, has funded a Bitcoin startup.
What does this mean?
This means that Paul Graham, who is one of the most respected and influential early stage investors in the industry, has just indirectly endorsed Bitcoin. Like any startup investor, Paul Graham takes risks when he invests in startups. However, with Bitcoin startups, there is a double risk as one bets on both Bitcoin as well as the startup itself, not to mention money transmitter licensing issues. This means Paul Graham must consider Bitcoin legitimate enough that he is willing to take that risk.
Paul Graham is currently the third major technology investor to show support for Bitcoin. The first was Fred Wilson of Union Square Ventures, and the second major investor was Tim Draper.
Furthermore, Bitcoin may now have the support of the YCombinator family and network which consists of hundreds of startups and investors. This is the kind of support that could be crucial for Bitcoin to be adopted.
|
|
|
|