Last week, one of Silicon Valley’s most respected venture capitalists wrote in a blog post for THE NEW YORK TIMES an explanation of why he’s so excited about Bitcoin, the virtual currency. Marc Andreessen is actively seeking startups to fund in this area. The creator of the world’s first computer browser, Netscape, Andreessen makes a strong case for going virtual.
This week’s coverage of illegal activity by Bitcoin buyers and sellers is making it easy for some to reject the emergence of virtual currency. Yet things like a black market and theft have always stained the human condition. Look at the banking industry’s 2008 doings. Or think about how the island of Manhattan was “purchased” from Native Americans.
Corporate executives, political activists and private citizens are debating the nature of personal wealth in America. It’s a good time to explore anything that might make us all think about our financial reach. And what we can be doing with it. Namely, being open to new means of financial transaction that might enfranchise every human being.