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If you really want to understand how excited Jeremy Allaire (CEO of Circle) is about Bitcoin, I suggest you read the testimony he gave at the US Senate hearing
by mrb 12y ago
If you really want to understand how excited Jeremy Allaire (CEO of Circle) is about Bitcoin, I suggest you read the testimony he gave at the US Senate hearing on Bitcoin in November 2013. He was 1 of the 7 witnesses invited to testify: http://www.hsgac.senate.gov/download/?id=2369099f-b70d-42e2-bee1-ed977a8c8d1c http://www.hsgac.senate.gov/download/?id=2369099f-b70d-42e2-...
I do agree though that the Circle.com website is vague. What they offer as of today is buying and selling bitcoins. I believe the website is vague because the company has multiple other products coming down the line (some speculation: payment processing like BitPay, a Bitcoin-backed credit card, etc) and Circle does not want to advertise itself as a Bitcoin-exchange-and-nothing-else company. From what I have heard from Allaire in the past year, they don't even seem to want to restrict themselves to the Bitcoin currency, but may work with alternate crypto currencies in the future. So how could they advertise themselves? "Crypto currency service provider"? The general public does not know what a crypto currency is. "Digital currency service provider"? This sounds almost as bad.
- mcherm 12y agoAmazon did an excellent job of this. They advertised themselves as an online bookstore. Then they began selling other items. They had the idea of selling everything, but they marketed themselves as a bookstore then branched out.