Maker of First Bitcoin Mining ASIC Acquired for $466M

Re:Maker of First Bitcoin Mining ASIC Acquired for $466M by fubar682 on Monday June 13, 2016 @02:34AM (#11892044)

Am I the only one who thinks bitcoin is nothing less than Tulip mania https://en.wikipedia.org/wiki/Tulip_mania fueled by Chinese hardware manufacturers & US VC firms like Andreessen Horowitz?

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Re:Maker of First Bitcoin Mining ASIC Acquired for $466M by mrb on Monday June 13, 2016 @05:18AM (#11892548)

Tulip mania's peak period lasted 6 months or so. Bitcoin has been growing for 7 YEARS. Why? Bitcoin solves a lot of real world problems. Tulips don't.

At least ~50 international financial institutions have R&D groups directly working with block chains / Bitcoin (search "R3CEV partners"). Central banks have reported positively on Bitcoin . As recently as last week a group of 90 central bankers met at the Fed to discuss the topic.[1] I can understand why it looks like a mania to an external observer's eye, but it is definitely not :)

[1] http://www.coindesk.com/central-banks-blockchain-federal-res...

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Re:Maker of First Bitcoin Mining ASIC Acquired for $466M by pawadu on Monday June 13, 2016 @04:59AM (#11892483)

Well, tell that to online drug dealers and ransomware creators.

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