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A comment on Blockstream closes $21M round. Parent comment

Re:Blockstream closes $21M round by maaku on Monday November 17, 2014 @05:49PM (#8621242)
All of these projects have been underway for quite some time. Indeed, Open-Transactions is almost as old as bitcoin itself.

Nevertheless, my (highly biased) opinion is that Blockstream is worth paying attention to because unlike the above mentioned projects we are adding new functionality by extending bitcoin itself, thereby decreasing fragmentation and lowering startup costs for new ventures.

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Re:Blockstream closes $21M round by samstave on Monday November 17, 2014 @06:34PM (#8621498)
Making the world a better place!

Are you going to use some of that 21MM$$ to buy some of the coins currently setup for auction by the US Marshall?

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Re:Blockstream closes $21M round by maaku on Monday November 17, 2014 @06:54PM (#8621591)
> Are you going to use some of that 21MM$$ to buy some of the coins currently setup for auction by the US Marshall?

I wish! Nah, only if we had reason to buy that many coins anyway. We got funded to make infrastructure and develop products, not to buy and hold bitcoin (except as operational needs demand).

In all seriousness, one of the problems of this space is that it has been historically difficult for ROI on bitcoin companies to outperform bitcoin itself. We'll see if we're able to buck that trend ;)

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