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Balaji Srinivasan, a general partner at Andreessen Horowitz and founder of the research-based Stanford Bitcoin Group, and Jerry Brito, executive director of Coin Center (a startup focusing on public policy issues for digital currency called), discussed Bitcoin for Goldman Sachs in one of their Talks@GS sessions.
In Srinivasan’s explanation on why Andreessen Horowitz believes Bitcoin will be the most important technology of this decade, he starts with elucidating that Bitcoin is best understood as a protocol, not paper based money, but, instead, packet based money. A topic that was on the tip of everyone’s tongues, seemingly, was regulation.
“You can regulate the intermediaries, and so a lot of the businesses that are building out infrastructure around Bitcoin – the wallet providers, merchant processors, etc. – are gonna be subject to all sorts of regulations, anti money laundering, money transmission regulations,” Brito told the audience. Srinivasan commented on where he sees the most liberal Bitcoin regulation.
In Srinivasan’s explanation on why Andreessen Horowitz believes Bitcoin will be the most important technology of this decade, he starts with elucidating that Bitcoin is best understood as a protocol, not paper based money, but, instead, packet based money. A topic that was on the tip of everyone’s tongues, seemingly, was regulation.
“You can regulate the intermediaries, and so a lot of the businesses that are building out infrastructure around Bitcoin – the wallet providers, merchant processors, etc. – are gonna be subject to all sorts of regulations, anti money laundering, money transmission regulations,” Brito told the audience. Srinivasan commented on where he sees the most liberal Bitcoin regulation.
Full story: https://www.cryptocoinsnews.com/goldman-sachs-learns-bitcoin-andreessen-horowitz/