Post
Topic
Board Press
Topic OP
[2014 - 2 - 15] With MtGox Dead, Bitcoin Enters Its Third Stage of Evolution
by
BitGo
on 26/02/2014, 02:06:39 UTC
https://medium.com/p/2d33cf85382b

By BitGo CEO, Will O'Brien.

"We are now entering the third stage, in which core financial infrastructure and services will be built by veteran entrepreneurs backed by institutional money, and in accordance with the regulatory framework of the United States and other nations. This stage will end with mainstream adoption of Bitcoin and consolidation of Bitcoin companies as large financial incumbents embrace digital currency."

"The fourth stage will begin when Bitcoin becomes a widespread medium of exchange and can be used to revolutionize industries outside of financial services, such as real estate, contracts, supply chain, and machine-to-machine commerce."

"The promise of Bitcoin is self-evident. The financial services industry has not seen much innovation over the last 50 years, and digital currency is poised to deliver 50 years worth of innovation in the next 18 months."