Quote from: madmat on May 13, 2015, 11:57:38 AM

Quote from: Torque on May 13, 2015, 11:51:02 AM

Quote from: gentlemand on May 13, 2015, 11:40:14 AM

Quote from: Torque on May 13, 2015, 11:36:22 AM

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.

Indeed. But there were a few trillion dollars to be made before it all went tits up and then things really got rolling after the wreckage had been cleared. I hope it doesn't pan out that way but it's kind of a natural cycle.

Believe it or not, one of the companies that I'm most worried about is Coinbase.

For example, go look at their employee roster page at the bottom.
https://www.coinbase.com/about

In in the past 2 years, I have literally watched that page grow from about 5 employees to what you see now on that page. And they just keep adding more employees. At the rate they are going, unless something drastically changes I don't think that they are going to have a business model that will support all of that headcount and still make a profit.

So many sexy girls working at coinbase. I want to work for them.

Yeah I noticed that ... yummy.