Bitcoin: So it seems to me and my colleagues at USV that an alternative currency with roots in peer to peer networks and based on an algorithm that is transparent to everyone is an idea whose time has come. The question remains if the Bitcoin algorithm or some other algorithm (possibly a derivative of the Bitcoin algorithm that deals with some of Bitcoin’s weaknesses?) will ultimately win out. That’s an important issue that has a lot to do with when this space becomes investable.

[I’ve been following Bitcoin for a while, no some people who are more involved and still don’t understand how the shift will occur.]
Source: A VC

Published by Daniel

In the 4th grade Daniel was asked to step in into the hall because he was coaching fellow students on a similarity assignment he provided the class. Since then, Daniel’s passion for helping people has propelled him to be a creative developer of software and systems, and a team coach who excels at successfully delivering business value. Daniel founded QuietlyHelping in 2009 in order to have a direct hand in helping families with the struggles of debilitating disease. QuietlyHelping is an organization of compassion and empathy that brings ease, comfort, smiles, laughter, healing, and love to people battling cancer and other diseases. Spare time activities include cycling, occasional work as a musician, woodworking, photography, and reading books he never got around to in school. Unsurprisingly, Daniel is able to cook minute rice in just under thirty seconds.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s