nothing to do with bitcoin, but this little country quiz should kill some time while it's quiet, well 5 mins at least.
https://uk.news.yahoo.com/quiz--how-many-of-these-countries-can-you-name-from-their-outline-105137700.html#4xeml1r
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24120. (Read 26608364 times)
December 05, 2014, 08:04:18 PM
December 05, 2014, 08:01:38 PM
My heart just melted.
December 05, 2014, 08:01:03 PM
There are 20-30 Boost companies, they plan on giving them each 300 BTC. So, Draper would need to go into the market and, over time, accumulate another 4,000 to 7,000 BTCs unless he dug into his own stash (if that stash exists, still).
Certainly not a bearish point. Spread over time it is a small point, though. I think it was a PR play to make Bitcoiners look up who the Boost companies were and how many there were.
https://www.cryptocoinsnews.com/adam-drapers-boost-vc-focuses-bitcoin-fund-20-30-new-bitcoin-companies/
Other way of calculating -- if you go straight through Boost VC, it looks like there are only 12 Boost companies, presently. However, the article above states 20-30 so I'll use that as the baseline.
Certainly not a bearish point. Spread over time it is a small point, though. I think it was a PR play to make Bitcoiners look up who the Boost companies were and how many there were.
https://www.cryptocoinsnews.com/adam-drapers-boost-vc-focuses-bitcoin-fund-20-30-new-bitcoin-companies/
Other way of calculating -- if you go straight through Boost VC, it looks like there are only 12 Boost companies, presently. However, the article above states 20-30 so I'll use that as the baseline.
i think the 20-30 companys are just from this round (atleast it says tribe 5) of selection.
the introduction says 100 companis in the next 3 years.
also regarding the 30.000 btc, i think they are commited to his partnership with mirror.
/edit
@mirror partnership
https://medium.com/@MirrorHQ/tim-draper-wins-govt-auction-partners-with-vaurum-to-provide-bitcoin-liquidity-in-emerging-markets-88f04a1d8598?source=tw-c5c76901e0ee-1404301475937
December 05, 2014, 08:00:53 PM
December 05, 2014, 07:59:49 PM
Hehehe... yes, I've had a good laugh this evening. The news about Draper wanting to buy more is a positive signal, indeed, but a soft one. I wonder how many Boost companies there are -- he planned on distributing 300 BTCs to each. If there are say, 100 Boost companies, then this suddenly becomes a very bullish statement. If there are, say 10 Boost companies -- not so much.
As for saying it is the worst case -- the worst out of three broader options: (A) All Draper; (B) Mixed amongst investors; and (C) All purchased by a single buyer other than Draper. The scatter means the market is exposed to more motivations and, assuming that at least some bought below market price, a prisoner's dilemma encouraging winners to engage in arbitrage before the others do (unless they are focused hard on the long-term).
Boost ...
https://www.boost.vc/about
Quote
Boost VC is the Bitcoin accelerator. We invest in 20-30 companies twice a year for three months. We provide housing and office space for each company located in the heart of Silicon Valley. We put talent, passion and drive alongside seasoned entrepreneurs and investors to build world changing companies.
By 2017 Boost will accelerate 100 Bitcoin companies
By 2017 Boost will accelerate 100 Bitcoin companies
So he's got more than 2 years to buy 30,000 BTC ... don't think he will be panic buying tomorrow! Not with another 100k on offer from USMS.
I think he's got a lot more patience than this forum lol
December 05, 2014, 07:46:32 PM
There are 20-30 Boost companies, they plan on giving them each 300 BTC. So, Draper would need to go into the market and, over time, accumulate another 4,000 to 7,000 BTCs unless he dug into his own stash (if that stash exists, still).
Certainly not a bearish point. Spread over time it is a small point, though. I think it was a PR play to make Bitcoiners look up who the Boost companies were and how many there were.
https://www.cryptocoinsnews.com/adam-drapers-boost-vc-focuses-bitcoin-fund-20-30-new-bitcoin-companies/
Other way of calculating -- if you go straight through Boost VC, it looks like there are only 12 Boost companies, presently. However, the article above states 20-30 so I'll use that as the baseline.
Certainly not a bearish point. Spread over time it is a small point, though. I think it was a PR play to make Bitcoiners look up who the Boost companies were and how many there were.
https://www.cryptocoinsnews.com/adam-drapers-boost-vc-focuses-bitcoin-fund-20-30-new-bitcoin-companies/
Other way of calculating -- if you go straight through Boost VC, it looks like there are only 12 Boost companies, presently. However, the article above states 20-30 so I'll use that as the baseline.
December 05, 2014, 07:46:01 PM
https://twitter.com/barrysilbert/status/540865242801405952
http://dealbook.nytimes.com/2014/12/05/venture-capitalist-tim-draper-wins-small-piece-of-bitcoin-auction/?module=ArrowsNav&contentCollection=Business%20Day&action=keypress®ion=FixedLeft&pgtype=Blogs
if this is true we have 8 bidders that did 104 bids for a total of 124,127 BTC and that only from secondmarket
not bullish as fuck yeah?
Quote
Bids received - 104
BTC quantity bid - 124,127
BTC quantity bid - 124,127
http://dealbook.nytimes.com/2014/12/05/venture-capitalist-tim-draper-wins-small-piece-of-bitcoin-auction/?module=ArrowsNav&contentCollection=Business%20Day&action=keypress®ion=FixedLeft&pgtype=Blogs
Quote
SecondMarket said its syndicate received 104 bids from eight bidders
if this is true we have 8 bidders that did 104 bids for a total of 124,127 BTC and that only from secondmarket
not bullish as fuck yeah?
December 05, 2014, 07:41:47 PM
Worst case scenario ensues -- the Coins are dispersed amongst multiple owners increasing the probability of some dumping activity -- and people are interpreting it as uber-bullish. This place never ceases to give me something to laugh about.
I don't know about this being worst case scenario, but LMAO it was pretty much as you predicted. "Draper only got 2k OMG bullish as fuck, buy all the coins" lol
No idea what happens next, but that sure was funny
Seems like I owe Ms Ember an apology ... sorry
... she has now published an article quoting Draper, and it appears to be true that he only got 2khttp://dealbook.nytimes.com/2014/12/05/venture-capitalist-tim-draper-wins-small-piece-of-bitcoin-auction/?module=ArrowsNav&contentCollection=Business%20Day&action=keypress®ion=FixedLeft&pgtype=Blogs
Quote
“I will have to buy some more Bitcoin on the open market to fulfill my commitment to the new batch of Boost companies,” Mr. Draper said in an email
Good that he wants to buy more, but clearly he will do it over time. And what his bids were is unknown ...
Why he buy more already at lower prices, who knows ??
Not so great when it gives the number of participants in the syndicates. That Silbert's numbers sounded great at the time, but compared to the last round ... meh.
Quote
SecondMarket said its syndicate received 104 bids from eight bidders, significantly fewer than the 186 bids from 42 bidders in the first auction. Likewise, Dan Morehead, the founder of Pantera Capital, said fewer investors participated in his syndicate this time, though he declined to give any figures
Hehehe... yes, I've had a good laugh this evening. The news about Draper wanting to buy more is a positive signal, indeed, but a soft one. I wonder how many Boost companies there are -- he planned on distributing 300 BTCs to each. If there are say, 100 Boost companies, then this suddenly becomes a very bullish statement. If there are, say 10 Boost companies -- not so much.
As for saying it is the worst case -- the worst out of three broader options: (A) All Draper; (B) Mixed amongst investors; and (C) All purchased by a single buyer other than Draper. The scatter means the market is exposed to more motivations and, assuming that at least some bought below market price, a prisoner's dilemma encouraging winners to engage in arbitrage before the others do (unless they are focused hard on the long-term).
December 05, 2014, 07:40:46 PM
beware the fud is strong today
December 05, 2014, 07:39:14 PM
Quick, buy all the coins, lets get this thing going again 
December 05, 2014, 07:38:07 PM
Wall Street Journal:
"Tim Draper: I am pretty impressed that my bids that were 15% above the current market weren´t successful. However i am going to market buy those 50k on BTC-E, like NOW!"
http://online.wsj.com/articles/tim-draper-dissapointed-that-he-lost-the-second-auction-1417471759
"Tim Draper: I am pretty impressed that my bids that were 15% above the current market weren´t successful. However i am going to market buy those 50k on BTC-E, like NOW!"
http://online.wsj.com/articles/tim-draper-dissapointed-that-he-lost-the-second-auction-1417471759
http://dealbook.nytimes.com/2014/12/05/venture-capitalist-tim-draper-wins-small-piece-of-bitcoin-auction/?module=ArrowsNav&contentCollection=Business%20Day&action=keypress®ion=FixedLeft&pgtype=Blogs
“I will have to buy some more Bitcoin on the open market to fulfill my commitment to the new batch of Boost companies,” Mr. Draper said in an email.
Thanks for the confirmation!
u sucker, i nearly sold all my bitcoins because of you!!!
December 05, 2014, 07:34:25 PM
Wall Street Journal:
"Tim Draper: I am pretty impressed that my bids that were 15% above the current market weren´t successful. However i am going to market buy those 50k on BTC-E, like NOW!"
http://online.wsj.com/articles/tim-draper-dissapointed-that-he-lost-the-second-auction-1417471759
"Tim Draper: I am pretty impressed that my bids that were 15% above the current market weren´t successful. However i am going to market buy those 50k on BTC-E, like NOW!"
http://online.wsj.com/articles/tim-draper-dissapointed-that-he-lost-the-second-auction-1417471759
http://dealbook.nytimes.com/2014/12/05/venture-capitalist-tim-draper-wins-small-piece-of-bitcoin-auction/?module=ArrowsNav&contentCollection=Business%20Day&action=keypress®ion=FixedLeft&pgtype=Blogs
“I will have to buy some more Bitcoin on the open market to fulfill my commitment to the new batch of Boost companies,” Mr. Draper said in an email.
Thanks for the confirmation!
December 05, 2014, 07:31:40 PM
Wall Street Journal:
"Tim Draper: I am pretty impressed that my bids that were 15% above the current market weren´t successful. However i am going to market buy those 50k on BTC-E, like NOW!"
http://online.wsj.com/articles/tim-draper-dissapointed-that-he-lost-the-second-auction-1417471759
"Tim Draper: I am pretty impressed that my bids that were 15% above the current market weren´t successful. However i am going to market buy those 50k on BTC-E, like NOW!"
http://online.wsj.com/articles/tim-draper-dissapointed-that-he-lost-the-second-auction-1417471759
http://dealbook.nytimes.com/2014/12/05/venture-capitalist-tim-draper-wins-small-piece-of-bitcoin-auction/?module=ArrowsNav&contentCollection=Business%20Day&action=keypress®ion=FixedLeft&pgtype=Blogs
“I will have to buy some more Bitcoin on the open market to fulfill my commitment to the new batch of Boost companies,” Mr. Draper said in an email.
December 05, 2014, 07:28:13 PM
hey shroomsy: https://www.youtube.com/watch?v=tw7luJ4D1MU#t=22
December 05, 2014, 07:14:34 PM
Worst case scenario ensues -- the Coins are dispersed amongst multiple owners increasing the probability of some dumping activity -- and people are interpreting it as uber-bullish. This place never ceases to give me something to laugh about.
I don't know about this being worst case scenario, but LMAO it was pretty much as you predicted. "Draper only got 2k OMG bullish as fuck, buy all the coins" lol
No idea what happens next, but that sure was funny
Seems like I owe Ms Ember an apology ... sorry
... she has now published an article quoting Draper, and it appears to be true that he only got 2khttp://dealbook.nytimes.com/2014/12/05/venture-capitalist-tim-draper-wins-small-piece-of-bitcoin-auction/?module=ArrowsNav&contentCollection=Business%20Day&action=keypress®ion=FixedLeft&pgtype=Blogs
Quote
“I will have to buy some more Bitcoin on the open market to fulfill my commitment to the new batch of Boost companies,” Mr. Draper said in an email
Good that he wants to buy more, but clearly he will do it over time. And what his bids were is unknown ...
Why he buy more already at lower prices, who knows ??
Not so great when it gives the number of participants in the syndicates. That Silbert's numbers sounded great at the time, but compared to the last round ... meh.
Quote
SecondMarket said its syndicate received 104 bids from eight bidders, significantly fewer than the 186 bids from 42 bidders in the first auction. Likewise, Dan Morehead, the founder of Pantera Capital, said fewer investors participated in his syndicate this time, though he declined to give any figures
December 05, 2014, 07:06:01 PM
So for 2 weeks everybody waited for the auction to end.
It ended. Now what?
Nothing?
How many more times is this nonsense gonna happen?
Are other markets also this retarded? I find that hard to believe.
It ended. Now what?
Nothing?
How many more times is this nonsense gonna happen?
Are other markets also this retarded? I find that hard to believe.
It was just an expectation and it comes to nothing, that's it. Now it's show time for dumping manipulators...
There is nothing to dump right now guys, don't buy those fake news!
December 05, 2014, 07:04:02 PM
Quote from: Newbie1022 link=topic=178336.msg9753054#msg9753054
But seriously, I was just naming the first uber-bull I could think of and mean no disrespect by it.
TBH I am pretty uber bull when it comes to long term. Short term I day trade and I'd lose a lot of money if I was always bull.
Oh... sorry for assuming, man.
December 05, 2014, 07:00:57 PM
December 05, 2014, 06:58:27 PM
Quote from: Newbie1022 link=topic=178336.msg9753054#msg9753054
But seriously, I was just naming the first uber-bull I could think of and mean no disrespect by it.
TBH I am pretty uber bull when it comes to long term. Short term I day trade and I'd lose a lot of money if I was always bull.
December 05, 2014, 06:53:26 PM
Never question the newses! Here is a classic one:
Much of Proudhon's comments from "confirmed sources" have been dismissed by other forum users, but the sense of unknowing shared across the community is hard to ignore."
http://www.ibtimes.co.uk/chinese-new-year-bitcoin-ban-end-days-or-empty-threat-1434495
https://bitcointalksearch.org/topic/confirmed-bad-news-sources-thread-no-fud-just-facts1-412280
Yeh, I remember that one, Proudhon's 5 minutes of fame lol
I guess Sydner Ember got hers today !
In fact Proudhon's most famous moment was turning bull at the April 2013 $266 peak after being bearish all the way up. Bitcointalk has not seen a feat of this magnitude since.
Well, if we made it to $266 then maybe I was wrong and the market is growing enough to sustain the growth.
Followed by a mass sell off by all.
https://bitcointalksearch.org/topic/m.1799610
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