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Wall StreetComes Calling

Bitcoin first blossomed in Silicon Valley, and it’s easy to see why. Only the Valley had the critical mass of libertarian types with tech chops who would embrace something as far-fetched as a global, decentralized system of digital money. The Valley’s business culture linking generations of inventors is also perfect for nurturing something like bitcoin. Since the 1930s, this special strip of California has produced entrepreneurs whose work has in turn inspired other entrepreneurs to push technology forward. These include a young Steve Jobs who, when asked why he spent so much time hangingaround the semiconductor pioneers of the 1960s, spoke reverently of their magic. “[I] wanted to smell that second wonderful era of ...

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