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Charlie Shrem believes BitInstant is the cryptocurrency network landscape

May 3, 2020

In an exclusive interview with Cointelegraph, the cryptocurrency pioneer and Charlie Shrem, co-founder of BitInstantoffered his perspective on that Beginnings of the cryptocurrency.

Although Shrem missed part of the camaraderie from the early days of Bitcoin (BTC), he stated that early Bitcoin users may have recognized better than Cryptocurrency went beyond new technology to “have fun and experiment”..

Charlie Shrem in the early days of the crypts

When asked what lessons the contemporary landscape of digital assets can draw from the beginnings of crypto, Shrem said: “I think The first few days could have had better lessons“”

Charlie Shrem believes BitInstant is the cryptocurrency network landscapeCharlie Shrem believes BitInstant is the cryptocurrency network landscape

“I feel like In the early days we could have learned a lot from today’s leaders“Said Shrem.”We could have learned to manage our companies better and treat our employees better.

“We could have learned better not to behave like children and realize that this bitcoin affair is bigger than us, not just so we can have fun, experiment, and play with it, so maybe in those early years, like 2013 , 2014, 2015 we could all have behaved a bit more like adults. “

However, Shrem notes that lPast mistakes have been critical to today’s and future successesand said, “But at the same time, The fact that we were a bit crazy and stupid is why we are all here with Bitcoin today, you know. ”

“So it’s like I don’t want to look back on what I’ve learned, because if we hadn’t made those mistakes, how do I know I would be here today to speak to you?” added.

The launch of Coinbase signaled the end of BitInstant

Charlie explained this on the subject of BitInstant, the groundbreaking crypto exchange that was founded by Shrem in 2011 is “very happy with BitInstant’s legacy”.

“BitInstant ended up closing for good reason […] We couldn’t follow the rules“I’m joking that we’re one of the few cryptocurrency companies to do this He didn’t keep our users’ money and returned all the money from everyone, and we closed“”

After molding The only platform that enabled almost instant Bitcoin purchases in the U.S. for two yearsShrem stated that the launch of Coinbase signaled the upcoming end of BitInstant:

“We knew when Coinbase hit the market that our time was up because Silicon Valley supported Coinbase with a lot of money and Silicon Valley didn’t like it because it had said ‘go to …’ for a long time.”

“I knew our time was up,” Shrem said, adding, “I agreed Our legacy is like Netscape. “

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