Venture Capital Bets Big on Bitcoin
dealbook.nytimes.com
Venture Capital Bets Big on Bitcoin
1–10 of 18 posts
Re: Venture Capital Bets Big on Bitcoin
#2I wonder if any European venture caps will make a similar investment in Bitstamp. Bitstamp is not only the most mature European exchange, but unlike Coinbase (which can only transfer money to and from American bank accounts) people can use Bitstamp worldwide.
Re: Venture Capital Bets Big on Bitcoin
#3This isn't so much a bet on bitcoin as it is a bet on virtual currency. If another currency trumps bitcoin, Coinbase will become the wallet for that. So as a VC, if you buy the digital currency story, this seems like an intuitive investment.
Re: Venture Capital Bets Big on Bitcoin
#4So why doesn't this news produce a spike in the price?
Re: Venture Capital Bets Big on Bitcoin
#5So why doesn't this news produce a spike in the price?
Just like any other market when you read about it in the news, it has already been factored/baked into the price most likely.
Re: Venture Capital Bets Big on Bitcoin
#6Next stage Moody and the like will grant an "AAA" on everything related to bitcoin and the final stage is a worldwide financial disaster.
Re: Venture Capital Bets Big on Bitcoin
#7This isn't so much a bet on bitcoin as it is a bet on virtual currency. If another currency trumps bitcoin, Coinbase will become the wallet for that. So as a VC, if you buy the digital currency story, this seems like an intuitive investment.
virtual currency ? money as we know it is already a virtual currency made by institution you can sue. Bitcoin is a virtual currency made by a virtual institution no one knows. The only reason you'd like to switch for a new currency is because it is a more trustworthy currency i.e one that reflect more the real economy not one based on some crypto algorithm
Re: Venture Capital Bets Big on Bitcoin
#8Next stage Moody and the like will grant an "AAA" on everything related to bitcoin and the final stage is a worldwide financial disaster.
For one thing, blockchain will never need any bailout, unlike many other ledgers out there.
Re: Venture Capital Bets Big on Bitcoin
#9This isn't so much a bet on bitcoin as it is a bet on virtual currency. If another currency trumps bitcoin, Coinbase will become the wallet for that. So as a VC, if you buy the digital currency story, this seems like an intuitive investment.
virtual currency ? money as we know it is already a virtual currency made by institution you can sue. Bitcoin is a virtual currency made by a virtual institution no one knows. The only reason you'd like to switch for a new currency is because it is a more trustworthy currency i.e one that reflect more the real economy not one based on some crypto algorithm
How is fiat currency based on the real economy? It isn't. Some bloke at a central bank decides to create more or less money.
How do you think bitcoin works? Instead of the central bank deciding, an algorithm does.
Re: Venture Capital Bets Big on Bitcoin
#10This isn't so much a bet on bitcoin as it is a bet on virtual currency. If another currency trumps bitcoin, Coinbase will become the wallet for that. So as a VC, if you buy the digital currency story, this seems like an intuitive investment.
virtual currency ? money as we know it is already a virtual currency made by institution you can sue. Bitcoin is a virtual currency made by a virtual institution no one knows. The only reason you'd like to switch for a new currency is because it is a more trustworthy currency i.e one that reflect more the real economy not one based on some crypto algorithm
As I understand it, Bitcoin is money, digital money to be exact and it has a payment system, which is the means by which it _may_ become or used as a currency. To say it's a currency at the moment is a bit of a stretch. It's might be an extremely small and niche currency. I think it's important to make this distinction between money and currency.