Quote from: crumbcake on May 06, 2013, 06:42:45 PM

Quote from: SAQ on May 06, 2013, 06:38:49 PM

Quote from: crumbcake on May 06, 2013, 06:32:21 PM

Quote from: SAQ on May 06, 2013, 06:28:38 PM

Quote from: crumbcake on May 06, 2013, 06:24:50 PM

Quote from: w1R903 on May 06, 2013, 03:44:16 PM

Quote from: crumbcake on May 06, 2013, 02:24:12 PM

"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 an 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*.

Well, it's quite nice of you to suggest that other's donations are worthless.

I wouldn't dream of it! Are you implying that my dollar gift to a gutter wino is worthless?

Quote

The point wasn't that VC's are investing in actual bitcoins. The point was that Silicon Valley is on fire with bitcoin fever. Loads of companies, many not publicly, but some publicly, are being founded and are working on infrastructure for bitcoins. That in turn is likely to lead to a healthy or healthier ecosystem for bitcoins. Making it ready for mainstream adoption.

P.S.
I think your experience with tech investors is different from mine. You may feel that they put the best of the best startups in crosshairs & pull the trigger. My experience? Shotgun blast with two barrels of birdshot.