Post
Topic
Board Bitcoin Discussion
Re: Ingredients for the next price rally
by
Dafar
on 01/03/2014, 23:25:34 UTC
A ton of Bay Area VC money (Andreessen Horowitz, Google Ventures, Founders Fund, etc.) has been pouring into Bitcoin-related startups. Prepare for a lot more user-friendly services/products to open the door for more newbies.

Winklevoss ETF is on its way too.


I assure you that every VC in their right mind is pumping the breaks on any and all btc startup deals

The btc infrastructure took a SERIOUS hit, it's not just what actually took place with Mt Gox, however if it is allowed to go uncovered, it could be duplicated over and over again.  That's a broken system, not just a bad player.

So don't expect those deals to close even if they have "commitments".


Actually this sounds more like a bad player than a broken system.

There's a lack of security and regulation right now that allows the players to be as incompetent as MtGox... that does not mean the system (bitcoin/protocol itself) is broken