30 Mar '14, 12am

Bitcoin supporters clash over ideological, practical issues

Bitcoin supporters clash over ideological, practical issues

On the second day of CoinSummit, a virtual-currency conference at the Yerba Buena Center for the Arts last week, bitcoin entrepreneur Andreas Antonopoulos took the stage to issue a resounding defense of bitcoin's anarchist spirit. It was the day after the Internal Revenue Service issued tax guidelines for virtual currencies. Antonopoulos, who is widely regarded as a public face of bitcoin, called banks criminals and warned regulators that bitcoin is a gecko - "and when you stomp on the gecko, you cause it to evolve until it becomes a komodo dragon and it bites your foot off." Hemant Taneja urged bitcoin enthusiasts at the San Francisco conference to take themselves more seriously and focus more on consumer applications. "There's a lot of stuff in the way of bitcoin succeeding," said Taneja, whose firm, General Catalyst, has invested millions in bitcoin companies. "We're ta...

Full article: http://www.sfgate.com/technology/article/Bitcoin-supporte...

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