Post
Topic
Board Speculation
Re: drop, rise? 2011 old guard vs newbies vs speculators - the game is on
by
crumbcake
on 06/05/2013, 18:37:11 UTC
"Extremely well-known VCs"? Acronym search for "VC" yields nothing meaningful in a list of 50.  In other words, extremely well-known, when applied to "VC," (virtual currency?  Virtual credit?  Virtual company?) doesn't mean much?

VC = venture capitalist.  If you google "bitcoin" and "VC", you'll see all the names.  The fact that you didn't do that makes me question the wisdom of even addressing your questions, but I'll try a few anyway.  A few of the names: Fred Wilson, Chris Dixon (of  Andreessen Horowitz).  Google for the rest.  Etc.  Major venture capitalists.

  Never heard of Fred Wilson, but googled him just as you've suggested.  His view on Bitcoin could be summed in a single statement from his blog: "...Bitcoin or something else, I'm confident we'll see the emergence of currencies that are not controlled by nation states in my lifetime."  In other words, Bitcoin, Litecoin, Feathercoin, BBQ, CNC, DDT or some other TLA-coin. Not exactly a ringing endorsement.  Oh, he also donated 500BTC to the Bitcoin Foundation last year.  Donated.  At that time bitcoin was, what, ~$12? So, let's see...  Six thousand bucks?  Didn't look up his worth, but my guess is that sum puts him out no more than the buck i give to a panhandler.



How much have you donated to the Bitcoin Foundation? And if you have money to throw around be free to send me some. Moreover, if you have money to throw around doesn't that sort of prove what was being said, investors are looking to invest.

I think you misread me.  I was trying to say that the $6000 or so donation to a man of Fred Wilson's caliber is equivalent to me giving a single dollar bill to a beggar.  In other words,  Fred Wilson is *six thousand times richer and better than me*.  

P.S.

I've donated exactly 0 (zero) bitcoins to the Bitcoin Foundation.  I could have spared more, but all of my funds were tied up in competing currency, a gift of which would have been in pretty poor taste, no?  What i wanna know is how Fred got his hands on the Bitcoin?  Did he read the Scam Accusations thread?  Did he build up his ..."rep"?