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Title: [2016-05-13] R3 eyes $200m for next step in blockchain journey Post by: LiteCoinGuy on May 13, 2016, 09:49:56 AM R3 eyes $200m for next step in blockchain journey
Blockchain company R3 is looking to raise up to $200 million from its big-bank backers as it prepares to spin out part of its business, according to people familiar with the plans. http://www.efinancialnews.com/story/2016-05-12/r3-looks-to-raise-200-million-for-blockchain-utility the money pit. Title: Re: [2016-05-13] R3 eyes $200m for next step in blockchain journey Post by: LiteCoinGuy on May 13, 2016, 10:01:49 AM Title: Re: [2016-05-13] R3 eyes $200m for next step in blockchain journey Post by: Denker on May 13, 2016, 10:03:49 AM $200 million for what? For something that is going to fail in terms of disruption?
Ok ok.Cost reduction and therefore bigger profits is something for those banks. A big chunk of that money will be burned for salaries I guess.And a few years later...sorry, but looks like we failed.Oooppss Title: Re: [2016-05-13] R3 eyes $200m for next step in blockchain journey Post by: Karartma1 on May 13, 2016, 12:56:04 PM They already asked for something around 40 million dollars in fees from their participants. What are they doing with that money? If I was a bank I would leave them. But I am no bank.
Title: Re: [2016-05-13] R3 eyes $200m for next step in blockchain journey Post by: LiteCoinGuy on May 13, 2016, 04:02:23 PM Blockchain consortium R3 facing unrest over capital raise
https://archive.is/SN7J9 Title: Re: [2016-05-13] R3 eyes $200m for next step in blockchain journey Post by: Carlton Banks on May 13, 2016, 05:04:36 PM *ahem* Not sure if I understand your comment Litecoinguy, you have been highly supportive of Mike Hearn's projects in the past. Why don't you like this latest Mike Hearn project? Title: Re: [2016-05-13] R3 eyes $200m for next step in blockchain journey Post by: LiteCoinGuy on May 13, 2016, 05:34:29 PM *ahem* Not sure if I understand your comment Litecoinguy, you have been highly supportive of Mike Hearn's projects in the past. Why don't you like this latest Mike Hearn project? Source? ??? Title: Re: [2016-05-13] R3 eyes $200m for next step in blockchain journey Post by: TraderTimm on May 13, 2016, 06:14:15 PM Probably Hearn asking for more money, lol.
You mean a cabal of corporate jackals can't decide to get along? Oh no! What will Mike do when they run out of money to pay his stupid ass? Does this mean R3 is a "Failed Experiment"? LOL. Title: Re: [2016-05-13] R3 eyes $200m for next step in blockchain journey Post by: Carlton Banks on May 13, 2016, 06:31:29 PM *ahem* Not sure if I understand your comment Litecoinguy, you have been highly supportive of Mike Hearn's projects in the past. Why don't you like this latest Mike Hearn project? Source? ??? http://up.picr.de/22803162ga.jpg Title: Re: [2016-05-13] R3 eyes $200m for next step in blockchain journey Post by: LiteCoinGuy on May 13, 2016, 06:41:38 PM Of course i am in favor of that! :) Maybe you misunderstood my statements.
Peter Todd is working on 2 MB blocks right now! So these are bigger blocks. I would like to see even bigger blocks (+4) but i guess it will be enough if we add additional improvements (thin blocks, SW etc). (and still in favor of big asses too but i cant tell U more about that ;D ) Title: Re: [2016-05-13] R3 eyes $200m for next step in blockchain journey Post by: Carlton Banks on May 13, 2016, 06:48:46 PM Maybe you misunderstood my statements. No misunderstanding, you were lobbying pretty heavily for the failed XT/Classic coup attempts. "No, just big blocks!" Well, here's the original post, right at a time when XT was the only "big blocks" proposition: https://bitcointalk.org/index.php?topic=1151409.0 Title: Re: [2016-05-13] R3 eyes $200m for next step in blockchain journey Post by: gentlemand on May 13, 2016, 09:08:09 PM Is it rather unfashionable to think that doesn't seem all that much for such a potentially universal thing? Maybe their beef has arrived after looking at the progress so far, or lack thereof, and perhaps the idea of giving them a couple hundred mil for spouting off a few buzzwords.
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