Coinbase’s Balaji Srinivasan Expresses Optimism on Bitcoin, Cryptocurrencies and Blockchain

The Chief technical Offers at Coinbase and a well-known venture capital investor, Balaji Srinivansan, recently showed optimism on cryptocurrencies, saying that crypto is entering the technology mainstream.

In a tweet, Srinivansan gave examples of a number of big players, which are considering to go the blockchain way. He started by saying that Sundar Pichai & Sergey Brin’s sons are involved in cryptocurrency mining, while companies such as Facebook, Microsoft, Amazon, and Google Cloud are considering to go the blockchain way.

Great piece. Just to summarize:

– Sundar Pichai & Sergey Brin’s sons are both mining crypto
– Facebook is doing blockchain
– Square open sourced some nice cold storage code
– Microsoft, Amazon, Google Cloud all have blockchain efforts

Crypto is entering the tech mainstream. https://t.co/ew2k3k7YG7

— Balaji S. Srinivasan (@balajis) November 4, 2018

Srinivansan was replying to a tweet by Evan Van Ness, a blockchain enthusiast who was quoting Pichai’s comments about his 11-year old son, who according to him better understood the concept of Ethereum and consensus currencies compared to fiat currency. Pichai had earlier said that:

“Last week I was at dinner with my son, and I was talking about something about bitcoin and my son clarified what I was talking about was Ethereum, which is slightly different. He’s 11 years old, and he told me he’s mining it. I had [to] explain to him how paper money actually works. I realized he understood Ethereum better than how paper money works. I had to talk to him about the banking system, the importance of it. It was a good conversation.”

The Increasing Adoption Of Cryptocurrencies And Blockchain Technology

Cryptocurrencies and their underlying technology –blockchain – have been widely accepted across the globe as an asset class and core pillar of industrial revolution. Many institutions, including big tech companies and governments have welcomed them with open arms, fuelling their adoption even further.