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?
[ Parent
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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