Spencer BogartPartner at Blockchain Capital Source
PayPal helped bring money into a digital age by creating a digital front-end for legacy infrastructure but PayPal didnt create new infrastructure. Bitcoin and Ethereum *are* new financial infrastructure: Digital infrastructure for a digital era. “Time-locked” and “multi-sig” transactions are two early examples of advanced functionality that is possible with programmable assets. They replace hours of legal time and cost with a couple lines of code. Programmable money is finally here.
