Ethereum can accomplish what Bitcoin did for money and payments using blockchain technology for all types and sizes. Smart contracts may be established using a built-in scripting language and distributed virtual machine to accomplish many tasks without needing a trusted third party or central authority.
In a Bloomberg interview last week, Bill Gurley, General Partner at Benchmark, a Silicon Valley venture capital company in San Francisco, California, gave his perspective on cryptocurrency.
He started confessing that he had arrived late since he focused on direct listings and spent little time on this topic until April this year, when he spent some time researching about cryptocurrency.
Furthermore, without disclosing how much he invested in ETH, the venture investor stressed that the investment was personal and not for his company.
After highlighting how influenced by the Ethereum crowds. He spoke about how much more pragmatic the party engaged in the ETH seemed. He stated how they work, how open they are to change. And that these adjustments would reduce charges and be extremely useful. He also said that the Ethereum camp comprises a community of developers.
The enterprise capitalist said:
“I think there’s a ESG [Environmental, Social, and Governance] benefit once they move to proof-of-stake versus bitcoin. It seems to me to be the smarter way to play if you’re going to have crypto exposure.”
Gurley said he wasn’t a maximalist. And did not argue that everyone has to be exposed to cryptography.
Robinhood More Like a Casino
He also remarked on the Robinhood trading platform. That recently claimed that more than half its income is from bitcoin and 62% of its crypto-revenue is from Dogecoin (DOGE). The risk capitalist said it wasn’t a good business strategy. And added that he considered Robinhood more like a casino than an investing platform.
