Re:Coinbase Raises $75M from DFJ Growth, USAA, NYSE, and More
by onion2k on Tuesday January 20, 2015 @10:24AM
(#8917299)
There are 8 names on the press release, and probably a few more smaller investors. This doesn't represent a huge amount of money for any given fund - at most probably US$20m or so for the lead. The payoff should BTC prove useful will be in the realms of Facebook/Google/Apple valuations. Even if you think there's only a fraction of a percent probabilty that they'll be successful it'd still be worthwhile putting a few million in (assuming you can afford to lose it).
Personally, I think BTC is going to be OK because there's already a decent ecosystem growing around it. Enough people are keen on it succeeding that it'll do something useful. The real question is whether it'll be a multi-trillion dollar industry that replaces money or a multi-billion dollar industry that's used for secure value transactions or proof of work or something, not than whether or not it'll fail entirely and disappear.
Re:Coinbase Raises $75M from DFJ Growth, USAA, NYSE, and More
by valevk on Tuesday January 20, 2015 @10:41AM
(#8917391)
> Enough people are keen on it succeeding that it'll do something useful.
Exactly. I am personally convinced it will succeed, but I don't know in which way. It could be anything that benefits of proof of work.
Are there actually libraries, or clients which create a P2P network, that is generic? I mean the client synchronization is the same as in BTC, but the data exchanged is generic.
Re:Coinbase Raises $75M from DFJ Growth, USAA, NYSE, and More
by Aqueous on Tuesday January 20, 2015 @02:12PM
(#8918801)
Namecoin (http://namecoin.info) might be of interest to you.
Regarding Coinbase I would assume they are convincing their investors that the company has a huge value and expertise even assuming total Bitcoin collapse / switch to another digital currency.