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Again, your response is typical of incumbents in any sector. AirBnb founders weren't hoteliers, Uber founders weren't taxi industry veterans. Everything you kno
by mankash666 9y ago
Again, your response is typical of incumbents in any sector. AirBnb founders weren't hoteliers, Uber founders weren't taxi industry veterans. Everything you know can be learnt from a book, or obtained by hiring someone like you - and there are PLENTY of your kind to hire.
Now, for every successful Uber, there have been 100 failed attempts at the same. Will HelloBloom be the Uber of credit reporting- can't say. But will credit reporting be disrupted by someone like Hello Bloom, definitely.
- wpietri 9y agoI'm not an incumbent in the industry. Nice try, though. My issue here isn't with industry disruption, which I generally like. It's with hallucinatory blockchain-based hype. For years I've been hearing that Bitcoin or some other blockchain technology will disrupt money transfer and online purchasing. But Bitcoin never got any foothold in international remittances and is actually in retreat in e-commerce. Now the Bitcoin hype had metastasized into blockchain and ICO hype, but I don't think there's any more meat to it. But if you're so sure, let's put money down. I have $500 that says no blockchain-based startup will get even 1% of the US credit reporting market in the next 5 years. We can put the bet up here: http://longbets.org http://longbets.org You in?
- wpietri 9y agoYou reply: > Yeah, that's what I thought you'd say.