Brock Pierce: Bitcoin might fail but the blockchain is here to stay – Full WIRED Retail talk

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Bitcoin could end up being the MySpace of cryptocurrency, but the underlying technology powering new payment methods is here to stay. That’s according to Brock Pierce, a tech entrepreneur with his eyes firmly fixed on cryptocurrencies.

“By having a baseline protocol that allows you to innovate around finance, a lot of interesting things can happen,” he says.

The protocol Pierce is talking about is the blockchain — a public, transparent ledger that gives a chain of transactions that is secure and reliable.

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