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Stashed in: @fredwilson, Bitcoin, Bitcoin

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VC Dumps Five Million Real Dollars into Bitcoin Hysteria

I respectfully disagree with this:

[Wilson] added that he thinks Bitcoin is poised to be a true game-changer for the business world, and the tech community in particular. “Hackers are the animals that can detect a storm coming or an earthquake,” he said. “They just know, even though they don’t know why, and there are two big things hackers are excited about now and can’t articulate why–Bitcoin and 3D printing.”

Not everything Hackers are obsessed with is good business.

Bitcoin is interesting for VC types because constricted currencies encourage rent-seeking behavior, and VC is nothing if not rent seeking so they inherently "get it"

Ha! This is why there are so many "Netflix for X" and "Airbnb for X" Startups. It's all starting to make sense now...

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