TechCrunch Disrupt, one of the most anticipated technology conferences of the year is going on in San Francisco. The event is providing an opportunity for Bitcoin supporters to know what changes the crypto-currency can bring to the financial world. Today is the last day for the TechCrunch; the event started on September 7 and since then there has been a lot of activities that focus on Bitcoin.
The event is revealing an all new slate of outstanding startups, influential speakers, guests and more to the stage. Moreover, as the Bitcoin’s battle for legitimacy rolls on, investors and entrepreneurs are looking for better returns. Bitcoin uses peer-to-peer technology that enables all functions e.g. currency issuance, transaction processing and verification to be carried out collectively by the network.
Naval Ravikant, founder of the online investment platform Angel List admits that Bitcoin is much more than a virtual currency as he says that what Wall Street does can be done in Bitcoin. According to him, everything the entire industry does from putting things in escrow to moving money around, all can be done more easily with what he calls “programmable money.”
Recently, investors and entrepreneurs who have been advocating Bitcoin throughout have been part of the events that boost confidence and the TechCrunch Disrupt conference today in San Francisco, California is one such event. Now, the supporters of the crypto-currency have started to view Bitcoin as an alternative to Wall Street.
The poster boys of Bitcoin investment, the Facebook fame Cameron and Tyler Winklevoss, the twin brothers too are part of the event. They are bullish that Bitcoin could change the economic landscape of the future and feel their investment will definitely help the crypto-currency stand strong in the future.
During his decision to invest in the startup, lanky Tyler Winklevoss had admitted that Bitcoin has been going for four years and it has yet to be discredited as a viable alternative to fiat currency. His skepticism aside, he also confessed that he could be totally wrong, but he is hell curious to see this play out a lot more. Subsequent to his decision to investment in Bitcoin, he was even subpoenaed by the U.S. government.
According to observers, events like this will help stakeholders know about the currency and at the same time will provide Bitcoin an exposure where government can understand that it is not all opaque when it comes to transactions in the crypto-currency.
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