[Cryptography] What has Bitcoin achieved?

dan at geer.org dan at geer.org
Wed Jul 16 18:41:17 EDT 2014


A bit tangential, but see last paragraphs in this CNBC item:

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http://www.cnbc.com/id/101841875

Google has the potential to hit a trillion-dollar market cap in the
next 10 years, according to one technology investing leader.

Jim Breyer, founder and CEO at Breyer Capital and a partner in Accel
Partners, expects the search engine giant to join Facebook in
gobbling up smaller companies and continuing to grow rapidly.

"The environment we're in now is probably the most interesting
seismic change relative to the new companies that will be Internet
leaders," Breyer said Wednesday at the Delivering Alpha conference
presented by CNBC and Institutional Investor. "The froth in some
of the venture capital consumer Internet companies without business
models -- if they're not being bought by Google or Facebook, they're
going out of business."

The rise of the first trillion-dollar companies was one of a handful
of big ideas entertained during a tech-focused panel that also
featured Shana Fisher of High Line Venture Partners. Fisher was an
early partner in video-sharing site Vine.

She said companies that can make it easier to make videos will do
well.

"The technology limitations just dealing with getting something
from your phone to the server is still a difficult hurdle," Fisher
said. "The sky's the limit for video."

Breyer also predicted big things for digital currencies.

He said the leader in the field may not end up being bitcoin, which
is the most prominent name now but has faced price volatility, theft
and scandal over the past year. Other providers will emerge.

"I have zero doubt in the next five to seven years that we will see
at least half a dozen multibillion dollar digital currency companies,"
he said.



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