21 Chairman Hints at Stealth Startup’s Larger Mission at Bitcoin Job Fair

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Attendees of the second annual Bitcoin Job Fair received a few new details as to what may be in development at secretive startup 21 Inc on Saturday during a rare public talk by one of its top executives.

Featuring displays from industry groups as diverse as ShapeShift and Trustatom and held at Plug and Play Tech Center‘s Sunnyvale incubator, the day-long event’s main attraction was 21 Inc chairman and Andreessen Horowitz partner Balaji Srinivasan, with the busy crowd of job seekers coming to a veritable standstill for its duration.

Despite the absence of any big reveal, Srinivasan did expand at length on his larger vision for the technology, one that while successful at categorizing the possibility enabled by the digital currency, was sometimes quick to dismiss many subjects of ongoing debate in the industry related to regulation and network scalability.

Consistent with the talk’s wide arch, Srinivasan first attempted to characterize bitcoin’s development as on par with the Internet’s, telling the crowd:

“The Andreessen Horowitz thesis on bitcoin is bitcoin is a protocol, payments are now packets. Bitcoin is here to stay.”

Bitcoin, his talk suggested, is on a similar trajectory, regardless of any

Read more ... source: CoinDesk