Charlie Lee
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- Milken Institute1h 0m
Money Goes Virtual: The Bitcoin Bourse
Gavin Andreessen, Megan Burton, Charlie Lee, Brock Pierce
Representatives from organizations including the Bitcoin Foundation, Coinbase, and CoinX convened to define Bitcoin as a decentralized, trustless ledger that solves the double-spend problem through cryptographic Proof of Work and a strictly capped 21 million coin supply. The panel detailed how this architecture enables global financial inclusion and instant cross-border transfers while addressing critical security concerns, such as the Mount Gox collapse which resulted from corporate governance failures rather than protocol flaws. Looking toward a future with billions of users, speakers predicted that Bitcoin will eventually replace traditional payment rails like SWIFT and become a ubiquitous, deflationary utility similar to the internet.