This post was written by Stuart Lansdale

Bitcoins…

were just the idea of sending money from me to my daughter – without a middle man. Think peer to peer of music – Napster, Kazaa turning iTunes. Its early – only wackos are really understanding it (or pretending to) – but see it as boring infrastructure like SMS. SMS did not exist 20years ago (or actually it did – for technicians in Nokia who where lazy and didn’t want to call each other) – and today we don’t think about what it is – it’s just the standard way of getting hold of colleagues, kids and parents…

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Same will happen with Bitcoins or whatever we call the next generation of software to transfer money. It make no sense to have a switchboard like this – when phone calls are routed automatically. Same goes with money – bank are so very very soon to be obsolete.

I’m spending 18h a day thinking about and executing on this – but I don’t do Bitcoins – yet – I just build infrastructure (lets call it adversing channels and marketing partnerships) to help small companies to get their money fast and cheap. Its super simple – not easy!

  • Noa

    Great post, decentralizing money transfer from the big banks and “western unions” is definitely a huge challenge. These are guys from Israel are friends and are actually working on the exact solution to the problem that you mentioned : http://www.getneema.com/