Chris Dixon Defends Bitcoin

Via Business Insider:

I was disturbed by the aftermath of the 2008 financial crisis. I thought the government did what it had to do at the peak of the crisis but missed an important opportunity afterwards to reform the financial system.

... if the technology industry wants to change the financial services industry, it can’t just build new services on top of existing financial services companies.

... you need to create services that completely bypass incumbent financial companies.

Click the link to see more: Chris Dixon Defends Bitcoin - Business Insider
Points:
  • “Banks charge too much.”
  • “Startups can't afford the banks.”
  • “If money becomes a software program, there's amazing new things that can be done with it.”