Bitcoins — the future of money.
In 2008, a mysterious Japanese mathematician described what he called “peer to peer electronic cash.” In 2010, a bitcoin network had been established. One early bitcoin transaction was a pizza for 10,000 BTC.
Today, those 10,000 Bitcoins would be worth over a million dollars.
In New York City and Berlin, bars have begun accepting bitcoins. Cars have been sold for bitcoins. A Forbes journalist in San Francisco has lived only on bitcoins for a week.
In the last several days, California venture capitalists invested 5 million dollars in one of many emerging bitcoin businesses.
This is the future of money. It will change everything. Bitcoins will do to banking what email did to the postal service.
The speaker: Roman Skaskiw is an American of Ukrainian descent who recently moved to Ukraine and gained residency. He has a bachelors degree in Computer Science from Stanford University. He accepts bitcoins.