Via Business Insider:
I was disturbed by the aftermath of the 2008 financial crisis. I thought the government did what it had to do at the peak of the crisis but missed an important opportunity afterwards to reform the financial system.
… if the technology industry wants to change the financial services industry, it can’t just build new services on top of existing financial services companies.
… you need to create services that completely bypass incumbent financial companies.
Click the link to see more: Chris Dixon Defends Bitcoin – Business Insider
Points:
- “Banks charge too much.”
- “Startups can’t afford the banks.”
- “If money becomes a software program, there’s amazing new things that can be done with it.”