The awesome power of quantum mechanics, internet of things along with bitcoin change world in the future with a promise to create new businesses and economy.And Drapers Associates and he is headmaster at Draper University.
The SVP of Fidelity Labs made it clear that governments must embrace Blockchain as something that is here to stay, comparing banning cryptocurrencies to banning the web.And go to Draper Associates or go to Boost they know that now.Tim discusses what inspired him to invest in the Bitcoin ecosystem and how the technology can transform the world.Unless Bitcoin and other cryptocurrencies are able to somehow be stopped by governments then they are going to completely change the world for the better.And because now there is a very efficient, very fast way for me to pay you.
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The other piece is that if you have a large block of Bitcoin you can do some interesting financial work.And it turns out that that is one of the measures of the most advanced societies is how fast money moves through the economy.In part one we discussed the basics of Bitcoin and Blockchain.And I backed a couple of the early Bitcoin companies and like all pioneers a fewer have arrows in their backs.It was done in such a way that we had, you know, all of the best people in the world in the room making sure that this transfer happened.And so, we backed a couple of companies that were for exchanges.And I believe that the lightest touch governments will succeed hugely and get the benefit of all of these companies who are getting started in Bitcoin.It can be quite, it can be done in such a way that it saves many many many dollars.
Or your friends and your families and whoever it can operate as an immediate redistribution, that happens instantly.Now we will look at some interesting places Blockchain may revolutionize the future and a.And I started Draper University of Heroes to encourage people to become entrepreneurs and to see if entrepreneurship could be taught.In Blockchain Revolution, Don and Alex Tapscott explain how blockchain technology - which underlies Bitcoin - is shifting how the world does business.
In general, it would not have benefited from this huge growth of the internet.And that that large amount of Bitcoin can be real stability for new kinds of financial vehicles and those are soon to be announced.
And your accounts receivable go up and then your cash comes in.And then many many more who are now accepting Bitcoin and but 500 different entrepreneurs are all trying to use Bitcoin to transform an industry or another.