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history is in the making. Although this is not an important announcement about Bitcoin directly today perhaps one of the most historic days in the life of the crypto currency. Today it was announced that YCombinator, the largest and best-known technology incubator, funded a Bitcoin startup.
What does this mean?
This means that Paul Graham, who is one of the most respected and influential investors early stage of the industry, has indirectly approved Bitcoin. Like any startup investor Paul Graham takes risks when investing in startups. However, with Bitcoin startups, there is a double risk as a bet on both Bitcoin and start himself, not to mention the money transmitter licensing issues. That means Paul Graham must consider Bitcoin legitimate enough that he is willing to take that risk.
Paul Graham is currently the third major investor in technology to show support of Bitcoin. The first was Fred Wilson of Union Square Ventures, and the second major investor was Tim Draper.
In addition, Bitcoin can now have the support of family and YCombinator network consisting of hundreds of start-ups and investors. This is the kind of support that could be crucial to adopt Bitcoin.
The start
The YCombinator funded Bitcoin start Coinbase, aims to be the paypal Bitcoin. While other sites already exist that perform this role, the one with the legitimacy and trust of YCombinator behind it may be just the thing Bitcoin needs to succeed.
Bitcoins on the open market
We, access to private Internet like Bitcoin, as it enables our customers an additional level of privacy when buying a VPN service. We have seen more and more Bitcoin sales in recent months and are closely monitoring.
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