[andrewescott]

Nice to be reminded of this piece. However, it sparked a thought when he mentioned micropayments as a market that was guaranteed to doom start-ups that were trying to launch product in that space. Is the current crop of mobile payments startups set for the same fate? For example, Square couldn't get Square Wallet to a winning position. And if it is the market that is the fault, is it specifically the market in the United States, e.g. will mobile payments succeed in Europe before it succeeds in the US because it's a more fertile market for this sort of stuff?

[gatehouse]

Marc A.'s firm has invested in bitcoin infrastructure companies which is in that direction.