If bitcoin technologies get the proper structure and education from all parties involved, success will follow.
As with any new idea in the tech world. ..patience is a virtue. ..
Originally posted on Gigaom:
Since its introduction in 2009, bitcoin’s had a bumpy ride — and that should come as no surprise. According to Netscape founder Marc Andreessen, ongoing press controversies over bitcoin amount to growing pains, and are akin to the media coverage he saw during the early days of the Internet.
“You don’t get new technologies from the mainstream. You get it from the fringe. It would be very unusual if this kind of thing wasn’t happening,” Andreessen said, while speaking at a CoinSummit on Tuesday.
During a panel appearance with Balaji Srinivasan, also a partner Andreessen Horowitz, the two venture capitalists discussed the growing ecosystem of bitcoin — and where they are looking to invest.
“We think of it potentially on the scale of the Internet. We think of bitcoin as mobile. It’s not one company, it’s broad,” Srinivasan said.Right now, Srinivisan said he views the cryptocurrency as an inverted pyramid…
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