19 Apr '13, 9pm

Bitcoin is has the potential to disrupt credit cards and banks and make payments zero-fee. That's the real deal.

Bitcoin is has the potential to disrupt credit cards and banks and make payments zero-fee. That's the real deal.

Bitcoin is not a toy - it has the potential to disrupt credit cards and banks and make payments zero-fee. That's the real deal. I spoke with Michael Copeland of Wired recently for his piece on Bitcoin businesses, What’s Riskier Than Bitcoins? Bitcoin Companies : Y Combinator Partner Garry Tan is making the bet that Bitcoin succeeds with his investment in digital wallet startup Coinbase . He agrees that having some Bitcoin squirreled away is wise (and you can bet the craftiest VCs are leveraging up their own Bitcoin caches by investing in companies that takes a whack at improving the Bitcoin ecosystem). “I have done some of that,” Tan says laughing. “But the buy and hold thing, that is not interesting to me.” What is interesting to Tan is backing companies like Coinbase that he believes can help Bitcoin make the transition from speculative “toy” that people horde like gold ...

Full article: http://blog.garrytan.com/bitcoin-is-not-a-toy-it-has-the-...

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