From the Goldman Sachs Tech Conference 2018:
o Chain CEO Adam Ludwin: “Eventually every asset class will feel like or be a cryptocurrency. Why not run on crypto rails?”
Sometimes you get lucky and then people ascribe more meaning to what you have to say. It’s like that for Bitcoin now.
Bitcoin is washing out to be digital gold. What is the right price for gold? It’s a question for psychologists not economists. Only 3% of gold’s value comes from business use (like electronics)
Bitcoin is worse than VISA on all dimensions that VISA customers care about – cost, speed, efficiency, user experience. The only advantage of bitcoin is censorship resistance and VISA does not care about that at all. It’s like encrypted email used to be. 10 years ago, nobody in the room used encrypted messaging. Today, most of you use it, with Telegram or Signal.
Ethereum is a new type of computer, distributed. It is open and censorship resistant. VMware is not trying to create anything that is like Ethereum.
Ethereum is the internet counterculture. Like a cactus in a rainforest.
o Circle President Sean Neville: “Remittance is meant to be free. It’s a consumer app, like photo sharing.”
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