Union Square Venture’s Fred Wilson Calls Out Banks for Ignoring Bitcoin

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Nathaniel Popper of The New York Times interviews Union Square Ventures' Fred Wilson, from CBInsight's livestream.Nathaniel Popper of The New York Times interviews Union Square Ventures' Fred Wilson, from CBInsight's livestream.

Nathaniel Popper of The New York Times interviews Union Square Ventures’ Fred Wilson, from CB Insight’s livestream.

Fred Wilson of Union Square Ventures has small doubt about his bets on bitcoin.

In fact, a mythological financier called out a world’s vital banks for eschewing a initial digital currency today during CB Insight‘s “The Future of Fintech” conference currently in New York. On a row talk with Nathaniel Popper of The New York Times, he done it transparent that he believes banks are blank a many critical event presented by bitcoin as they build private blockchains, sealed inside their possess servers.

The blockchain is a open database that logs each transaction in digital currency. The bitcoin database is permissionless, distributed to anyone that wants to work it and public. Private blockchains duplicate a distributed


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