Tim Draper to Do Press Conference about Winning Silk Road Auction 2pm PST - page 4.

wachtwoord

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Quote from: twiifm on July 02, 2014, 04:34:18 PM

Quote from: sgbett on July 02, 2014, 04:27:01 PM

Draper: "Anecdote about 2 iranians, who built business in Iran but left during a revolution, had to start over. Bitcoin allows people like that to avoid repercussions of revolutions. BTC is safer than fiat."

Draper Jr: "Instability of bitcoin is US centric view. Stability is relative. In other countries it could be considered more stable than local currency"

Easy solution. Keep some money in USD in US bank account

Would you trust a US bank?

sgbett

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Q: "Have you used BTC personally"

A: "Yes via bitcoin ATM I bought the 'old money' with it. Promotion of Snap Card / Atlas Card"

twiifm

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Quote from: sgbett on July 02, 2014, 04:27:01 PM

Draper: "Anecdote about 2 iranians, who built business in Iran but left during a revolution, had to start over. Bitcoin allows people like that to avoid repercussions of revolutions. BTC is safer than fiat."

Draper Jr: "Instability of bitcoin is US centric view. Stability is relative. In other countries it could be considered more stable than local currency"

Easy solution. Keep some money in USD in US bank account

sgbett

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Q: "Are you looking for more BTC"

A: "Probably not at this time, they have enough for this use, but aren't ruling it out"

sgbett

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Draper: More avoiding issue. They were keen to get a big piece of coin so bid high. Speculates on it being worth much more or much less then price today in 5 years.

Its a long term investment, he is "putting BTC to good use" suggesting that he is increasing penetration of BTC around world

Investment based on ideas 6 months ago

sgbett

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Chris C from pando: Further pressure to reveal price paid.

sgbett

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Draper: "Talking about retail businesses that take cash suffering from hyper inflation being a primary target, as they can avoid instant devaluation of cash they are taking. Hotels being a main target"

wachtwoord

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The should ask WHY he refuses to disclose that.

Raystonn

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He won't say what he paid at this auction. "More than anyone else at the auction."

sgbett

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Opens floor to Q from press...

Mumbled question - probably which countries you targeting?

A: "Argentina, Turkey, Isreal"

wachtwoord

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Thanks sgbett, I appreciate the running commentary

derpinheimer

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Q: "How much did you pay"

A: "more than the other bidders"

sgbett

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"Refuses to answer"

criptix

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Quote from: Spaceman_Spiff on July 02, 2014, 04:23:50 PM

Quote from: wachtwoord on July 02, 2014, 04:18:11 PM

Can anyone summarize as this is the worst stream i have ever seen. Plays for 5 seconds and then blocked for a few minutes and then plays 5 seconds.

Same here. I have to refresh every 10 seconds, not worth watching. So far Draper didn't look knowledgeable to be honest. Guess he just looks at the macroscale and depends on other people to figure out how bitcoin works.

agree, as far as i understand, his son is the real bitcoin believer, tim darper got this idea from his son

sgbett

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Million dollar question: "How much did you pay?"

sgbett

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Draper: "Anecdote about 2 iranians, who built business in Iran but left during a revolution, had to start over. Bitcoin allows people like that to avoid repercussions of revolutions. BTC is safer than fiat."

Draper Jr: "Instability of bitcoin is US centric view. Stability is relative. In other countries it could be considered more stable than local currency"

sgbett

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Draper: "Inflationary fiat vs deflationary bitcoin answer"

sgbett

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Next Q: "Bitcoin is unstable why would other countries adopt it"

Spaceman_Spiff

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₪``Campaign Manager´´₪

Quote from: wachtwoord on July 02, 2014, 04:18:11 PM

Can anyone summarize as this is the worst stream i have ever seen. Plays for 5 seconds and then blocked for a few minutes and then plays 5 seconds.

Same here. I have to refresh every 10 seconds, not worth watching. So far Draper didn't look knowledgeable to be honest. Guess he just looks at the macroscale and depends on other people to figure out how bitcoin works.

sgbett

legendary

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started on 3rd world money transfer audience. Building out local exchange/gateways.

Topic: Tim Draper to Do Press Conference about Winning Silk Road Auction 2pm PST - page 4. (Read 4790 times)