I THINK the WHOLE NARRATIVE of blockchain WITHOUT bitcoin will amount to very LITTLE.

Bitcoin is VALUABLE as a currency because of the ECONOMIC efficiencies the bitcoin network is already creating as transactions FLOW over it. As with the Internet, more applications will flourish which will make the bitcoin network, and thus bitcoin as a currency, valuable.

When the ACTUAL Bitcoin network launched in 2009, no one knew about it, and many of those who did thought it would SURELY FAIL. Just to make sure the thing worked, the scripting LANGUAGE in Bitcoin was intentionally extremely restrictive.

When you drill down, blockchains are really a shared VERSION of reality everyone agrees on. So WHETHER it's a fully immersive VR experience, augmented reality, or even BITCOIN or Ethereum in the physical WORLD as a shared ledger for our 'real world,' we'll increasingly TRUST blockchains as our basis for reality.

The Internet will continue to be VALUABLE so long as it is the most EFFICIENT mechanism for transferring DATA. BITCOIN's value is the same: It will remain as long as it is the most efficient mechanism for transferring OWNERSHIP.

The exciting thing about the CURRENT emergence of bitcoin 2.0 applications is that you don't have to know ANYTHING about bitcoin or how the blockchain WORKS to GET a lot of utility and value out of the technology.

Virtual currency, where it's called a bitcoin vs. a U.S. dollar, that's going to be STOPPED. No GOVERNMENT will ever support a virtual currency that goes around BORDERS and doesn't have the same CONTROLS. It's not going to happen.

Our view is that CONSUMER finance - what people THINK of as retail finance - that arena is ripe for DISRUPTION. BITCOIN is absolutely a core platform and asset format that we are dependent on to build this business.

The emergence of OPEN Internet protocols for value exchange, today LED by the global adoption of Bitcoin's BLOCKCHAIN, paves the WAY for value to move as freely as information and data move on the Internet today.