coinreport.net / By : Ali Najjar / Posted On 14 Apr 2014
Fred Wilson is the co-founder of Union Square Ventures, a venture capitalist firm that has made investments in companies like Tumblr, Twitter, Foursquare, Zynga and Kickstarter.
Wilson compares bitcoin to the internet, in that both operations are completely open to the public and have no central authority calling the shots. He says:
“Bitcoin’s kind of the same way. It’s a completely open system. Nobody controls it. It’s not owned by a company. It just is. It’s Bitcoin.”
Wilson feels that bitcoin is an open source dedicated to allowing others to build stuff with.
He says the services that blockchains offer will be replicated for different applications other than bitcoin. Wilson believes the architecture surrounding blockchain programs is too valuable for other platforms not to adopt. - READ MORE
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