07 Apr '13, 12am

Why VCs Love The Bitcoin Market

Why VCs Love The Bitcoin Market as a vc, my interest in the bitcoin ecosystem is not ideological but mercenary. i see the opportunity for bitcoin to disrupt multi-billion-dollar markets, but in doing so also create new big markets. there are three key markets in bitcoin: wallet. holding your bitcoins for you, serving some of the checking account functions of a bank. exchange. converting from usd to bitcoins and back. payments. helping merchants accept bitcoins for their transactions. as a rule of thumb, vcs like to see billion-dollar markets to get excited. how can each of these markets get to be a billion dollars in size? wallet it is free to get your own bitcoin wallet, a piece of software on your computer that you can use to send or receive bitcoins. however, this entails storing your bitcoin private key on your computer, which risks loss or theft. increasingly many bit...

Full article: http://mukpin.com/view.php?k=CaF5Ae

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Why VCs Love The Bitcoin Market

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