How Bitcoin Will Destroy R3 and Other Blockchains in Three Years

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Venture capitals may like the ideas of other public chains like R3 but they will later realize that Bitcoin is the real thing after the Blockchain bubble bursts, says angel investor in Bitcoin and Ethereum startups, Chandler Guo. He said in his interview with ether.camp at the Clare Hall of the University of Cambridge: “We’ve come to revolutionize them, not to be in cooperation with them. So we don’t like them. They are a big company, banking idea. We come here to use Bitcoin to destroy their system, not to follow them.” He also  suggested that the price of Bitcoin could reach $10,000 or even as high as $1 mln. Guo says that previously  everyone talked about Bitcoin but not Blockchain. Now, the attention is on Blockchain in China and other parts of the world and nobody wants to talk about Bitcoin. Starting new public chains Guo says: “In China today, almost every community jumps into Blockchain. But when they get to the Blockchain area, everyone has questions: what are we doing here? If we want to build a Blockchain, how do we start? How do we start a public chain? Only public chain has value. Today, only POW can …