Topic: Gold collapsing. Bitcoin UP. - page 467. (Read 2032286 times)
full member
Activity: 660
Merit: 101
Colletrix - Bridging the Physical and Virtual Worl
21e6 are designing ASICs, so you'd expect them to get into mining supply and mining. But surely it makes sense for them to use some of that capital to directly buy BTC reserves.
So it was in Roman times, and the decline lasted for hundreds of years, so it will be now.
Hundreds of years? I think not. Everything is moving so much faster now. Hundreds of days perhaps.
Yes, in Rome they did not have The Internets
They also did not have Bitcoin
This year. where does it start? Nobody knows, it is a lottery. Maybe, just maybe, it has already started.
Yepp, it has started.
You'd have to be quite cynical to perceive any attack on Bitcoin
There's more than one company included in the $250 million figure you quoted, right?Why would you assume my comment was directed at just one of them?
I think we've been back and forth on this before. I contend that a service like Coinbase, while obviously not a theoretically ideal user-onboarding platform due to centralization of coins, is inevitable, and also a positive for the ecosystem at this point in time. Part of the necessity for bitcoin to become a powerful asset is user education. If Coinbase makes it easier for people to enter the ecosystem, thus triggering a desire to learn more, then that's a good thing. Hopefully people will in fact learn enough to move most of their coins to cold storage, or a user-controls-2-keys vault solution (like Coinbase msig vault or BitGo's wallet), etc...
If users are simply never going to learn, Coinbase (and/or Circle) will neither help nor hurt. I lean towards it helping, though, as it does make it a lot easier for new casual users to obtain bitcoin. And some of them will likely become serious/knowledgeable users where they would've just ignored bitcoin without the easy initial channel.
Maybe that's too optimistic a viewpoint, but I don't see a realistic alternative.
You'd have to be quite cynical to perceive any attack on Bitcoin
There's more than one company included in the $250 million figure you quoted, right?Why would you assume my comment was directed at just one of them?
Count is now around 250 milions $ in Bitcoin venture capital in a little over TWO months now in 2015..
Is there a hotter tech trend out there? I don't think so..
What are they building, though?Is there a hotter tech trend out there? I don't think so..
How much of that 250 million represents an attack on Bitcoin rather than support of Bitcoin?
https://21.co/#jobs
Looks like they are heavy into hardware. You'd have to be quite cynical to perceive any attack on Bitcoin reading into this..
yes
Count is now around 250 milions $ in Bitcoin venture capital in a little over TWO months now in 2015..
Is there a hotter tech trend out there? I don't think so..
What are they building, though?Is there a hotter tech trend out there? I don't think so..
How much of that 250 million represents an attack on Bitcoin rather than support of Bitcoin?
https://21.co/#jobs
Looks like they are heavy into hardware. You'd have to be quite cynical to perceive any attack on Bitcoin reading into this..
How much of that 250 million represents an attack on Bitcoin rather than support of Bitcoin?
Can you define what you mean? My personal opinion of 21.co is they are building a very Bitcoin-centric product.
21e6 announcing they've raised $116M (!): http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/
*still* not saying exactly what they're up to...
*still* not saying exactly what they're up to...
Wow, that's incredible, not just for a BTC related company, but for any silicon valley tech company in stealth mode to raise that amount, has to have a very significant product and team.
Count is now around 250 milions $ in Bitcoin venture capital in a little over TWO months now in 2015..
Is there a hotter tech trend out there? I don't think so..
If you look at their jobs page on 21.co it's obvious they are building a hardware product along with interactive software. Really interested to find out more.
Count is now around 250 milions $ in Bitcoin venture capital in a little over TWO months now in 2015..
Is there a hotter tech trend out there? I don't think so..
What are they building, though?Is there a hotter tech trend out there? I don't think so..
How much of that 250 million represents an attack on Bitcoin rather than support of Bitcoin?
21e6 announcing they've raised $116M (!): http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/
*still* not saying exactly what they're up to...
*still* not saying exactly what they're up to...
Wow, that's incredible, not just for a BTC related company, but for any silicon valley tech company in stealth mode to raise that amount, has to have a very significant product and team.
Count is now around 250 milions $ in Bitcoin venture capital in a little over TWO months now in 2015..
Is there a hotter tech trend out there? I don't think so..
Also Peter Thiel is invested. He seems to be slowly transitioning towards a more pro-bitcoin stance.
21e6 announcing they've raised $116M (!): http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/
*still* not saying exactly what they're up to...
*still* not saying exactly what they're up to...
Wow, that's incredible, not just for a BTC related company, but for any silicon valley tech company in stealth mode to raise that amount, has to have a very significant product and team.
Count is now around 250 milions $ in Bitcoin venture capital in a little over TWO months now in 2015..
Is there a hotter tech trend out there? I don't think so..
for historical interest, here's the entire chart of GDXJ which, btw, played a significant role in my calling of the gold and silver tops in 2011.
note that the GDXJ was established on 9/2/10 at the far left. the very top occurred on 12/7/10 @ 179.44. my post Gold: I smell a trap was made on 8/9/11. at the time, the languishing GDXJ, previous silver top which i called in May 2011, 9 yr cycle, and parabolic runup of gold itself were significant data points to me that the pm's had topped.
and here we are plumbing new lows:
note that the GDXJ was established on 9/2/10 at the far left. the very top occurred on 12/7/10 @ 179.44. my post Gold: I smell a trap was made on 8/9/11. at the time, the languishing GDXJ, previous silver top which i called in May 2011, 9 yr cycle, and parabolic runup of gold itself were significant data points to me that the pm's had topped.
and here we are plumbing new lows:
21e6 announcing they've raised $116M (!): http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/
*still* not saying exactly what they're up to...
*still* not saying exactly what they're up to...
Wow, that's incredible, not just for a BTC related company, but for any silicon valley tech company in stealth mode to raise that amount, has to have a very significant product and team.
holy crap. already:
21e6 announcing they've raised $116M (!): http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/
*still* not saying exactly what they're up to...
*still* not saying exactly what they're up to...
Junior miners telegraphing incoming new lows. Again. but hey, keep following tvbcof and traderCJ:
Dow -265
large non conf in play:
Dow getting smacked
Gold collapsing. Bitcoin UP.
Jump to: