LinkedIn Founder Talks Bitcoin’s Future at San Francisco Conference
LinkedIn founder and Greylock Partners investor Reid Hoffman issued new remarks about bitcoin this week at O’Reilly Media’s ‘Bitcoin & the Blockchain: Realities, Risks, Rewards’ event held in San Francisco’s Marina District.
The conference brought together a collection of entrepreneurs, investors and cryptocurrency enthusiasts for a one-day schedule, though it was perhaps Hoffman’s talk that was most anticipated.
During his on-stage discussion session with Xapo CEO Wences Casares, Hoffman took a professorial tone in evaluating where he believes the ecosystem is headed, though it may not be as definitive as enthusiasts would hope.
“The interesting question about bitcoin is, is it the first or last cryptocurrency? It all comes down to network effects.”
Hoffman noted that bitcoin does have a community behind it, which makes him believe it may have a lasting influence. As an investor, Hoffman notably backed bitcoin infrastructure startup Blockstream and its recent $21m funding round, suggesting he may be confident in its future.
This post was published at Coin Desk on February 1, 2015.