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Fred Wilson is a VC and principal of Union Square Ventures. USV invests in bitcoin companies, butnot the currency itself. Fred is interested in bitcoin because he believes it can be and possibly will be the financial and transactional protocol for the global Internet. I testified on Monday in a public hearing on Bitcoin as part of two days of hearings put on by the New York State Department of Financial Services. The hearings were livestreamed here and you can click on the archives and watch all of the panels. I got pretty animated during the discussion, which is probably not a great thing to do when testifying in a government hearing. But this kind of thing is really important to me. We were talking about the freedom to innovate in an emerging market that is going to get regulated. I don’t have a problem with regulation per se, but how and when it happens matters a lot. As our panel was winding down, Superintendant Lawsky asked what countries were doing it right. I didn’t answer that question but instead decided to talk about one that isn’t doing it right and brought up China and noted that a fantastic investment strategy would be to have invested in every Internet servcies that China has blocked. My point being that the services China likes to block are the really important ones that have been built on the Internet. Don't forget to subscribe & like! Music by: https://snd.click/mjI0tjt https://distrokid.com/hyperfollow/brucedayne/macsudlow https://open.spotify.com/artist/7MGsRbZ2l9Yi22CxuFpi1H https://music.apple.com/us/artist/brucedayne/1461542735 Additional Links: https://www.AiUpNow.com https://www.OhNoCrypto.com https://BruceDayne.com https://Trippy.Tube by Khareem Sudlow via https://Trippy.Tube
