Topic: Famed Trader Joe Lewis Backs Bitcoin (Read 4213 times)
Wow, certainly seemed very unrealistic. A $200M investment in avalon just didn't make any sense. Not surprised it was just a hoax. Someone at the WSJ is probably going to lose their job over this, how embarrassing for them.
Wow that's embarrassing for the WSJ. Even if it were true, he wasn't backing Bitcoin, he was backing Avalon. Basically the shovel providers in this modern day gold rush.
Egg on my face.
THANKS harriet.
lol
THANKS harriet.
lol
Famed? Never heard about him.
Someone at the Wall Street Journal is getting fired.
Has this been confirmed either real or hoax?
Would be great news for the community if we could have some real positive feedback. Unfortunately the media is so unreliable it allows reminds me of that commercial, "Where did you hear that?" "The internet".
Would be great news for the community if we could have some real positive feedback. Unfortunately the media is so unreliable it allows reminds me of that commercial, "Where did you hear that?" "The internet".
Fake the mainstream media have been idiotic recently when releasing bitcoin news
Bitcoin not Banned in Thailand bank does not have government power
Famed Trader Joe Lewis DOES NOT back bitcoin
Guess were getting free PR and they are getting bad reputation for posting incorrect articles lol
Has this been confirmed either real or hoax?
Would be great news for the community if we could have some real positive feedback. Unfortunately the media is so unreliable it allows reminds me of that commercial, "Where did you hear that?" "The internet".
Would be great news for the community if we could have some real positive feedback. Unfortunately the media is so unreliable it allows reminds me of that commercial, "Where did you hear that?" "The internet".
The WSJ got their facts wrong in this case. They've already written in a correction, although I can't access the full article behind the paywall
http://www.reddit.com/r/Bitcoin/comments/1jql3z/twitter_scottwapner_cnbc_spoke_to_joe_lewis_this/
http://www.reddit.com/r/Bitcoin/comments/1jql3z/twitter_scottwapner_cnbc_spoke_to_joe_lewis_this/
The first sign should have been that the Chief Avalon Developer's name is not Sum Ting Wong.
The WSJ got their facts wrong in this case. They've already written in a correction, although I can't access the full article behind the paywall
http://www.reddit.com/r/Bitcoin/comments/1jql3z/twitter_scottwapner_cnbc_spoke_to_joe_lewis_this/
http://www.reddit.com/r/Bitcoin/comments/1jql3z/twitter_scottwapner_cnbc_spoke_to_joe_lewis_this/
Correction article reads:
"Investor Joe Lewis isn't investing in a bitcoin venture called Avalon and doesn't lead a Zurich-based private-equity fund called the Phoenix Fund. An article on the supposed investment was inaccurately published and has been removed."
The WSJ got their facts wrong in this case. They've already written in a correction, although I can't access the full article behind the paywall
http://www.reddit.com/r/Bitcoin/comments/1jql3z/twitter_scottwapner_cnbc_spoke_to_joe_lewis_this/
http://www.reddit.com/r/Bitcoin/comments/1jql3z/twitter_scottwapner_cnbc_spoke_to_joe_lewis_this/
What does "HARRIET AGNEW" have to say about her article in light of the Twitter Tweet?
-Burger-
-Burger-
maybe. im digging deeper. as mr lewis has many hands in many pockets of many investment firms
$200 million from the UK football (soccer) team owner of Tottenham Hotspur, to be used to create the next gen of ASIC's 20nm chips..
hmm i wonder how many Thashs that will buy him.
knowing that there is only 3600 coins made a day or 1.3m a year it will take 2 years to break even, and thats with nabbing EVERY coin. which we know to be impossible as that above the 51% safe zone. so lets make it atleast 4 years to break even. (hedging that the price will remain constant or rise.)
this guy is not in it for a quick in and out 6 month profit. he is in it for the long haul, unless bitcoin doubles or goes to $1000 a coin in a short period.
this news is definitely going to kick the markets off..
hmm i wonder how many Thashs that will buy him.
knowing that there is only 3600 coins made a day or 1.3m a year it will take 2 years to break even, and thats with nabbing EVERY coin. which we know to be impossible as that above the 51% safe zone. so lets make it atleast 4 years to break even. (hedging that the price will remain constant or rise.)
this guy is not in it for a quick in and out 6 month profit. he is in it for the long haul, unless bitcoin doubles or goes to $1000 a coin in a short period.
this news is definitely going to kick the markets off..
Quote
The bitcoin deal was put together by Andrew Laurus, a former government-bonds salesman at Lehman Brothers who is also an investor in the fund. Avalon was set up by Yifu Guo, a pioneer in the bitcoin-mining industry. He was part of the team that developed the first ASIC bitcoin mining hardware. ASIC stands for application-specific integrated circuit, a type of custom-designed microchip. Mr. Guo couldn't be reached for comment.
Not surprising. He can't be reached for customer support either.
Avalon will become the 800lb gorilla of Bitcoin mining hardware if this is true.
The bitcoin deal was put together by Andrew Laurus, a former government-bonds salesman at Lehman Brothers who is also an investor in the fund. Avalon was set up by Yifu Guo, a pioneer in the bitcoin-mining industry. He was part of the team that developed the first ASIC bitcoin mining hardware. ASIC stands for application-specific integrated circuit, a type of custom-designed microchip. Mr. Guo couldn't be reached for comment.
Heh, this bit I find particularly fun
. 
Mr. Lewis leads the Phoenix Fund, a Zurich-based private-equity fund that on Tuesday plans to invest $200 million in Avalon, a company that makes computer servers aimed at creating bitcoins, according to people familiar with the situation.
Unbelievable!
Well yes - I don't believe it yet.
So it was reported in wsj... big deal.. journalists get things wrong all the time. I'm waiting to see confirmation.
Yeah. Feels off by an order of magnitude or three.
Mr. Lewis leads the Phoenix Fund, a Zurich-based private-equity fund that on Tuesday plans to invest $200 million in Avalon, a company that makes computer servers aimed at creating bitcoins, according to people familiar with the situation.
Unbelievable!
Well yes - I don't believe it yet.
So it was reported in wsj... big deal.. journalists get things wrong all the time. I'm waiting to see confirmation.
You can Google an article title to go through the paywall on WSJ. E.g.
1. Search for "Famed Trader Joe Lewis Backs Bitcoin"
2. Click on the WSJ link (should be the first link)
It should display the full article.
1. Search for "Famed Trader Joe Lewis Backs Bitcoin"
2. Click on the WSJ link (should be the first link)
It should display the full article.
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