04 Apr '14, 8pm

Stuff Venture Capitalists Say About Bitcoin: Libertarians Are Going To Hate It

Stuff Venture Capitalists Say About Bitcoin: Libertarians Are Going To Hate It

A "regulatory heat map" from Coindesk's 2014 'State of Bitcoin' report. If I were working on a “Stuff Venture Capitalists Say”-style video about Bitcoin , two memes would top the list: “Bitcoin reminds me of the early Internet” and “Libertarians are going to hate this thing when it gets big.” Last month, Marc Andreessen , whose firm has put millions into Coinbase and Ripple, hit both memes during a chat at Bitcoin conference CoinSummit. After saying Bitcoin reminded him of early Internet and email protocols that changed the way information could be transferred (or value in Bitcoin’s case), he said, “My prediction is that the libertarians will turn on bitcoin. The libertarians will discover that the blockchain is public.” I think most smart privacy-loving, government-limiting libertarian Bitcoin users are aware that the history of transactions in Bitcoin is open to scrutiny...

Full article: http://www.forbes.com/sites/kashmirhill/2014/04/04/stuff-...

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