Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 13/05/2015, 11:36:22 UTC
Quote from: Feri22 on May 13, 2015, 10:55:49 AM
Quote from: Elwar on May 13, 2015, 10:52:33 AM
Quote from: Fatman3001 on May 13, 2015, 06:41:06 AM
More concrete 21 news. A bit of a mixed bag, but they got a lot of funding.

http://www.coindesk.com/21-intel-bitcoin-mining-strategy/

Hmm, I am a bit skeptical on the 21 Inc thing. That article just screamed of vaporware. A whole lot of ideas of what can be done with Bitcoin just like a bunch of people posting ideas on here.

Great ideas and all...but it sounds like marketing pitches to VCs that could easily just be cashed out and the company closed while the owners take the money and retire.


It would be like me going to a VC saying "Bitcoin can be used for voting, microtransactions, be your own bank, crowdfunding...now give me money and be part of this exciting company of the future! What have I done to make any of this happen? ... The blockchain!".

Unfortunately, i think you are right...

What worries me the most is that for 95% of all the bitcoin startups, VCs are just throwing huge sums of $$$ at them, but they are all basically creating "solutions looking for problems" instead of solving real needs.  Gee, where have I seen and lived through that before?  Oh yes, the DotComBomb of 2000.  Been there, done that, got the t-shirt.