[2018-06-04]MICROSOFT TO BUY GITHUB: BITCOIN DEVS CALL FOR EXIT

liberty02

jr. member

Activity: 31

Merit: 1

Well that is sad, I think developers want freedom from the big companies, hope that they do Github justice instead of the likes of Nokia and skype, as for Bitcoin, they are not that affected as they are only using Github for its ease of access and community and not source code mentioned by one of the Bitcoin Developers in squatters link.

Quote from: squatter on June 08, 2018, 06:03:08 PM

Quote from: buwaytress on June 08, 2018, 05:06:33 AM

So, GitLab it is? Or will we see a resurgence in SourceForge?

Ultimately, it seems like decentralized repositories will be the best long term solution. Apparently, establishing new code-signing and merging protocols will take some time and effort, so I wonder if it makes sense to adopt a centralized replacement in the meantime. It sounds like it's not an urgent issue.

Crypto_Spike_Factor

newbie

Activity: 125

Merit: 0

Quote from: bbc.reporter on June 07, 2018, 08:21:41 PM

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

If the payment was in Bitcoins, Github founders will surely accept it and trade daily. That will even make them more profitable. Maybe a trillion when traded all in at a time. hehehehe

bbc.reporter

legendary

Activity: 2926

Merit: 1440

Quote from: veleten on June 10, 2018, 06:08:52 AM

Quote from: bbc.reporter on June 09, 2018, 08:37:27 PM

Quote from: veleten on June 08, 2018, 02:23:35 PM

Quote from: bbc.reporter on June 07, 2018, 08:21:41 PM

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

what makes you feel that Microsoft has no potential influence on bitcoin price?
if it really really wanted ,it could buyout a fair share of coins and do whatever they desired with the price afterwards

Microsoft Market Cap:
780.31B
Bitcoin market cap:
131 B

I cannot argue with your reply because I reckon it is a bad one.

I any case, it is not as simple as comparing the marketcap of a public company and the marketcap of bitcoin. That would be stupid. Also, what will Microsoft use to buy a fair share of bitcoins to do whatever they desired with its price? Stock options? Tongue

because you think that bitcoin in itself is something independent and this almost religious belief clouds your judgement
I simply stated that Microsoft can buy a fair share of bitcoins,if they wanted
use them to buy GITHUB or do whatever,including manipulating the price of bitcoin

Quote

it is not as simple as comparing the marketcap of a public company and the marketcap of bitcoin

it is simple,figures are figures
one figure is bigger than the other
I could simplify it more for you,to make it easier,just ask

Quote

That would be stupid

no,this is not stupid,unlike your remark

Quote

what will Microsoft use to buy a fair share of bitcoins

what did Microsoft use to buy GITHUB?

You say Microsoft can, as if it was that simple. Microsoft is a public company that needs the share holders to vote to make any major decision.

How would it look if Microsoft's CEO says Hello, we will buy bitcoin today. Do you really think the shareholders and the board of directors of a multibillion dollar company will approve?

Also, yes please explain how simple it is for Microsoft to buy a fair share bitcoins using stock options.

veleten

legendary

Activity: 2016

Merit: 1106

Quote from: bbc.reporter on June 09, 2018, 08:37:27 PM

Quote from: veleten on June 08, 2018, 02:23:35 PM

Quote from: bbc.reporter on June 07, 2018, 08:21:41 PM

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

what makes you feel that Microsoft has no potential influence on bitcoin price?
if it really really wanted ,it could buyout a fair share of coins and do whatever they desired with the price afterwards

Microsoft Market Cap:
780.31B
Bitcoin market cap:
131 B

I cannot argue with your reply because I reckon it is a bad one.

I any case, it is not as simple as comparing the marketcap of a public company and the marketcap of bitcoin. That would be stupid. Also, what will Microsoft use to buy a fair share of bitcoins to do whatever they desired with its price? Stock options? Tongue

because you think that bitcoin in itself is something independent and this almost religious belief clouds your judgement
I simply stated that Microsoft can buy a fair share of bitcoins,if they wanted
use them to buy GITHUB or do whatever,including manipulating the price of bitcoin

Quote

it is not as simple as comparing the marketcap of a public company and the marketcap of bitcoin

it is simple,figures are figures
one figure is bigger than the other
I could simplify it more for you,to make it easier,just ask

Quote

That would be stupid

no,this is not stupid,unlike your remark

Quote

what will Microsoft use to buy a fair share of bitcoins

what did Microsoft use to buy GITHUB?

bbc.reporter

legendary

Activity: 2926

Merit: 1440

Quote from: veleten on June 08, 2018, 02:23:35 PM

Quote from: bbc.reporter on June 07, 2018, 08:21:41 PM

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

what makes you feel that Microsoft has no potential influence on bitcoin price?
if it really really wanted ,it could buyout a fair share of coins and do whatever they desired with the price afterwards

Microsoft Market Cap:
780.31B
Bitcoin market cap:
131 B

I cannot argue with your reply because I reckon it is a bad one.

I any case, it is not as simple as comparing the marketcap of a public company and the marketcap of bitcoin. That would be stupid. Also, what will Microsoft use to buy a fair share of bitcoins to do whatever they desired with its price? Stock options? Tongue

ryan1918

newbie

Activity: 39

Merit: 0

Quote from: bbc.reporter on June 06, 2018, 09:14:42 PM

Also why did the Github owners agree to be paid in Microsoft stock instead of real money? There might also be arrangements in the deal for when and how much the sellers are allowed to sell the stocks hehehe.

I'm sure it was more money in the long run if the stocks hold out, mainly they do it because they don't have to come off the cash and the other party gains because they get more then the cash value but normally have a term of how long they must keep the stocks before they can sell usually a year or two.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: bbc.reporter on June 07, 2018, 08:21:41 PM

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

GitHub itself and the shareholders don't have much to do with Bitcoin, so it wouldn't work. Accepting Bitcoin would mean they expose themselves to the risk of devaluation of their Bitcoins, and that risk isn't something you want to be taking with a multi billion dollar company. There is simply too much at stake.

Another factor why such a deal doesn't work on this level is that Microsoft would have to obtain billions worth of Bitcoin one way or another, which is a rather difficult task. Assuming the cash settled value would be close to $5 billion, it would require Microsoft to buy like ~660,000BTC. You can't even buy 100,000BTC through exchanges due to how thin the market is. It would require high level OTC connections, and then it's still incredibly difficult to come close to that number of coins.

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: buwaytress on June 08, 2018, 05:06:33 AM

So, GitLab it is? Or will we see a resurgence in SourceForge?

Ultimately, it seems like decentralized repositories will be the best long term solution. Apparently, establishing new code-signing and merging protocols will take some time and effort, so I wonder if it makes sense to adopt a centralized replacement in the meantime. It sounds like it's not an urgent issue.

veleten

legendary

Activity: 2016

Merit: 1106

Quote from: bbc.reporter on June 07, 2018, 08:21:41 PM

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

what makes you feel that Microsoft has no potential influence on bitcoin price?
if it really really wanted ,it could buyout a fair share of coins and do whatever they desired with the price afterwards

Microsoft Market Cap:
780.31B
Bitcoin market cap:
131 B

buwaytress

legendary

Activity: 2842

Merit: 3536

Join the world-leading crypto sportsbook NOW!

So, GitLab it is? Or will we see a resurgence in SourceForge?

Quote from: 1Referee on June 07, 2018, 07:47:06 AM

Quote from: bbc.reporter on June 06, 2018, 09:14:42 PM

Also why did the Github owners agree to be paid in Microsoft stock instead of real money?

I think it's safe to say that Microsoft offered them a much lower price in cash (potentially billions lower), which is why they went for the stocks.

It's actually a very smart move from Microsoft with how its stocks are hovering around their all time high levels, where in current state of the stock market, a correction might be due. In other words, Microsoft wisely hedged a potential downfall of its own stocks by acquiring GitHub. By the time the stock market correction has taken place, they will buy back their stocks at much lower levels. It's a game that's being played, where the wealthiest always have the main advantage.

Yeah, it's generally good business sense if you're not looking to liquidate and cash out. Microsoft stocks still have a lot of potential to grow over the long-term, and can find ready buyers should a later need come to liquidate that. With MS pursuing blockchain itself, there's no reason to think GH's acquisition will also propel the stocks later on.

Smart moves can be expected from MS, Bill Gates or not, his acumen seems to have been inherited.

companyres

newbie

Activity: 6

Merit: 0

Quote from: bbc.reporter on June 07, 2018, 08:21:41 PM

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

Yes. So whats next? Decentralized repositories obviously.

bbc.reporter

legendary

Activity: 2926

Merit: 1440

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: bbc.reporter on June 06, 2018, 09:14:42 PM

Also why did the Github owners agree to be paid in Microsoft stock instead of real money?

I think it's safe to say that Microsoft offered them a much lower price in cash (potentially billions lower), which is why they went for the stocks.

It's actually a very smart move from Microsoft with how its stocks are hovering around their all time high levels, where in current state of the stock market, a correction might be due. In other words, Microsoft wisely hedged a potential downfall of its own stocks by acquiring GitHub. By the time the stock market correction has taken place, they will buy back their stocks at much lower levels. It's a game that's being played, where the wealthiest always have the main advantage.

It's basically the same as when you try to sell your car to a dealer. Cash value is always lower than trade value.

Quote from: bbc.reporter on June 06, 2018, 09:14:42 PM

There might also be arrangements in the deal for when and how much the sellers are allowed to sell the stocks hehehe.

Definitely.

bbc.reporter

legendary

Activity: 2926

Merit: 1440

Also why did the Github owners agree to be paid in Microsoft stock instead of real money? There might also be arrangements in the deal for when and how much the sellers are allowed to sell the stocks hehehe.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: Betwrong on June 04, 2018, 03:06:17 PM

It is already confirmed that Microsoft is buying GitHub for $7.5 billion. What I don't understand is why are some people so angry about that? Can someone elaborate on what Microsoft can possibly do to kill GitHub as we know it? Because in my opinion they will do all in their power to keep the platform alive with its more than 28 million developers. They surely don't want an exodus of any kind otherwise they wouldn't pay $7.5 billion to acquire GitHub. I think they just want their name was associated with it for promotional purposes, that's all. CMIIW.

we shall see as soon as they start changing their terms of service ... Facebook did it with WhatsApp, sucked out all the user data (messages, contacts, everything) into Facebook servers even if you had never had anything to do with them. Microsoft's lawyers are going to want to get their $7.5 billion somehow and 'monetising' Github will look a whole lot like dataraping the developers brains that they have selflessly placed into the trust of Github in my maybe naive estimation.

S3cco

hero member

Activity: 2041

Merit: 528

❤ Bitcoin Garden

Destroying Skype and Nokia was not enough. I pray for GitHub. Undecided

Carlton Banks

legendary

Activity: 3430

Merit: 3074

Quote from: Betwrong on June 06, 2018, 10:00:49 AM

I still think that big companies are not that bad as their attackers think of them but apparently Microsoft is an exception.

It comes down to whether they're good for the market place or bad for the market place IMO. Corporations are good in one way: they're very smart when it comes to minimising their tax bills, which I thoroughly approve of (although I wish they'd be more aggressive TBH, maybe deteriorating gov finances + use of Bitcoin could help there). The bad with corporations is that they often become monopolies and behave anti-competitively (Microsoft being a good example). But the answer is for every business to become a corporation (or just don't register as a business anywhere), there's nothing stopping anyone from opening up a bunch of Caribbean shell companies to avoid taxes, then the playing field evens out more. It's impossible to stop small island nations setting up liberal legislation and tax policies for big companies to use, islands are trying to compete in a global marketplace too.

Betwrong

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I stand with Ukraine.

Quote from: Carlton Banks on June 05, 2018, 12:56:19 PM

Quote from: Betwrong on June 05, 2018, 12:12:51 PM

Thank you, guys for all of your replies. Trust me, I don't work for Microsoft.

I don't even use any of their products, as far as I know. And yes, I remember that when I was using Windows the experience had been disappointing. I'm just so much opposed to any kind of conspiracy theories, and especially to the "Enemy Above" kind

everything people dislike about Microsoft tends to be based on facts, not theories. And companies like Microsoft stick fairly closely to the law, so there's little chance you'll ever catch them doing anything illegal, I don't know why you'd feel the need to dismiss such a thing

I agree, there's no need to dismiss such a thing. I think, from now on Microsoft will be excluded from a list of big corporations which I normally protect when they are attacked. Your words, the words of others in this thread and my own experience that I remembered have convinced me that Microsoft can actually mismanage things. I still think that big companies are not that bad as their attackers think of them but apparently Microsoft is an exception.

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

Microsoft Virus strikes once again. And this is the same company that made win 95 and 98 that I used to run everything for years as a child and then teenager. They had their good and bad products but their newest windows and office editions are really a disaster. I haven't seen anybody using their newest products for some time, everybody switched to open office and internet explorer has long been only used in jokes. I agree that people should switch and let github die, especially since there are similar projects. What will Microsoft do then? Buy out Gitlab too?

Carlton Banks

legendary

Activity: 3430

Merit: 3074

Quote from: Betwrong on June 05, 2018, 12:12:51 PM

Thank you, guys for all of your replies. Trust me, I don't work for Microsoft.

I don't even use any of their products, as far as I know. And yes, I remember that when I was using Windows the experience had been disappointing. I'm just so much opposed to any kind of conspiracy theories, and especially to the "Enemy Above" kind

everything people dislike about Microsoft tends to be based on facts, not theories. And companies like Microsoft stick fairly closely to the law, so there's little chance you'll ever catch them doing anything illegal, I don't know why you'd feel the need to dismiss such a thing

Topic: [2018-06-04]MICROSOFT TO BUY GITHUB: BITCOIN DEVS CALL FOR EXIT (Read 384 times)