Investing in Babylon – a16z crypto
Bitcoin was proposed in 2008 as a “peer-to-peer version of electronic cash,” a new type of money. Since then, people, institutions, and nations have primarily relied on Bitcoin as a digital store of value, a new-aged digital gold.
This has been an incredible opportunity for individuals around the world whose local currencies remain unstable, as well as for institutions and countries seeking a secure way to store value on their balance sheets.
Unfortunately, Bitcoin’s immense potential beyond being digital cash remains unfulfilled. Because of Bitcoin’s limited programmability, thousands of BTC are sitting dormant in digital vaults rather than being active in…
