News for hackers. Stuff that matters.
Re:Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears by mattchristen on Monday November 27, 2017 @03:28PM (#15790919)
And what might the obvious ones be?
Re:Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears by flignats on Monday November 27, 2017 @03:44PM (#15791130)
storage of value, information integrity, speed - If you don't see obvious utility with cryptocurrency then you haven't done enough/very little research.

Why would ycombinator backed REQ try to replace Paypal with crypto technology if there wasn't fundamental value in the tech?

Re:Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears by icebraining on Monday November 27, 2017 @05:44PM (#15792333)
YC's whole model is making many investments which are likely to fail, assuming a lucky few will pay for the rest. It only works because they diversify, rather than going all-in on a single one.
Re:Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears by flignats on Monday November 27, 2017 @06:56PM (#15792927)
the statement why REQ would try this, not ycomb's investment strategy..

They don't just invest in anyone, they do due diligence, why would they conclude this is even a viable risk taking opportunity if it was easy to see there is no utility in the technology?

Re:Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears by the_cat_kittles on Monday November 27, 2017 @07:04PM (#15793007)
those things havent changed since its been around. im talking about fundamentals that drive the price of bitcoin
Re:Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears by clavalle on Monday November 27, 2017 @03:44PM (#15791128)
Cost and ease of transaction.

Difficult to steal or confiscate.

Confidence of transaction completion in a low trust environment.

I'm sure there are more but those are three off the top of my head.

Re:Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears by luxuryballs on Monday November 27, 2017 @03:41PM (#15791089)
I think it's obvious that he's just pumping bitcoin
Re:Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears by rubbingalcohol on Monday November 27, 2017 @04:00PM (#15791324)
Yeah after people on Hacker News find out about Bitcoin the price will skyrocket and imma cash out
Re:Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears by flignats on Monday November 27, 2017 @03:44PM (#15791144)
pumping bitcoin, lol - you don't get it.