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re: Bitcoin buzz stays high --- even after bubble
Posted on 5/13/13 at 9:35 am to Vols&Shaft83
Posted on 5/13/13 at 9:35 am to Vols&Shaft83
quote:
As someone who owns and has provided venture capital for many successful small businesses
You should probably call up Union Square Ventures and let them know that bitcoin is a ponzi scheme. Surely they would respect your opinion, since you're so experienced in the VC game.
This post was edited on 5/13/13 at 9:36 am
3
Posted on 5/13/13 at 9:40 am to WikiTiger
quote:
You should probably call up Union Square Ventures and let them know that bitcoin is a ponzi scheme. Surely they would respect your opinion, since you're so experienced in the VC game
What does that have to do with law4smallbusiness.com?
NOT A GODDAMN THING.
You continue to try to refute my statements with unrelated information, and you keep failing, miserably.
Posted on 5/13/13 at 9:43 am to WikiTiger
quote:
You should probably call up Union Square Ventures and let them know that bitcoin is a ponzi scheme. Surely they would respect your opinion, since you're so experienced in the VC game.
And just to address Union Square Ventures, they invested in coinbase, which is a Magic the Gathering competitor, they didn't invest in bitcoin or bitcoin miners.
The exchanges make money regardless of what bitcoin does, so you fricking fail again.
Posted on 5/13/13 at 10:41 am to WikiTiger
You happily crow about Union Square Ventures' investment in Coinpurse. What type of entity is Coinpurse? It is a transfer agent that will be subject to government regulation for compliance with anti-money laundering laws. How is it a success for Bitcoins to be tied to another business that requires Bitcoin owners to sacrifice their anonymity to patronize that business?
And what exactly is Union Squares Ventures batting on? It is betting that Coinpurse will be successful as an exchange. Thus, it is betting that Bitcoins will not become a currency, but will continue to require conversion to some other currency for spending. They are betting on Bitcoin remaining a commodity.
And what exactly is Union Squares Ventures batting on? It is betting that Coinpurse will be successful as an exchange. Thus, it is betting that Bitcoins will not become a currency, but will continue to require conversion to some other currency for spending. They are betting on Bitcoin remaining a commodity.
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