“Seven months ago, Fred Ehrsam pitched his bitcoin-based startup Coinbase to more than a dozen Silicon Valley investors. Ehrsam got more than a few blank stares. He spent most of his time explaining the concept of peer-to-peer currency, which is emerging as the world’s default platform for digital money, than he did describing his plans for the company itself. So, he and his co-founders turned to the Chinese, specifically, to IDG Ventures. To the Beijing-based venture capitalists, the PayPal-like service for buying, selling and accepting bitcoins was a perfect fit.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Indonesia Upholds Death Sentence For British Grandmother's Drug Smuggling
Paulson, Soros Add Gold as Price Declines Most Since 2008
Amash: Syria strike supporters 'might as well start cleaning out your office'
Prospectors pan Indiana creeks in quest for gold
AFP: War Powers Resolution gives Obama the power to attack Syria
TSA bomb-sniffing dog bites woman at Hartsfield-Jackson
British parliament votes against military strike on Syria
Aussies start paying for beers in Bitcoin
Bitcoin exchanges shut shop in India
Syria, Iran issue first explicit warning to Israel if US attacks
Top U.S. railroad official resigns after 'consulting' income surfaces
NYPD officer threatened to shoot grandmother of killed teen, lawsuit claims
Holiday in Thailand could end for expats
BP found ‘grossly negligent’ in 2010 U.S. spill, facing $18 billion fine
Jeffrey Tucker: The Abolition of the Playground