Bitcoin Forum

https://uk.finance.yahoo.com/news/bitcoin-wallet-start-blockchain-raises-094800860.html

Start-up Blockchain raises 40 million from Google and Richard Branson. Interesting... Google trying to get into the space? Thoughts?

Blockchain is the technology that could change the way how banking sector operates in the future, Google is very clever to invest into it now as this technology could be used in a lot of areas. And with this huge amount of funds invested, the technology could be better develop and improve for a better user experience.

Did you even read the damn article? This is about the company Blockchain, running the blockchain.info wallet and block explorer.

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My view is that every single company in the crypto space has decided that they can get millions from doing nothing.  Any ICO with a nice website and white paper can get millions with no real effort.  Blockchain.info is only different because they have bigger names behind the investment.

Like all Bitcoin companies (I would have said blockchain companies), they're not short of cash. They claimed that their revenues were going to be over 1000% in the past year, yet they couldn't afford to go and make normal fee estimation when it was needed?  It really is shocking.

I guess they need their third homes and hundred thousand BTC yachts before they decide to act like a reasonable or responsible private company.

I'm curious as to what it is they want to do with this extra money, exactly. It seems slightly suspicious that Google is getting into something like this and it makes me wonder if they are going to start aiming for the full-control business model between having your own self-driving car rented by Google, paid for from your Google Bitcoin wallet, with target advertisements from your Google account, with ""recommended"" locations and businesses being suggested before you make a confirmed destination choice. Probably more worrying than anything.

Where does all that money go though? How are they trying to put 40 million into Blockchain startups when they didn’t invest millions of dollars in Bitcoin themselves? It all seems pretty odd to me since the money is not pumping the price of Bitcoin. The price would be more than 5 digits right now.

It would be utterly pointless. A VC pump would make all the little shits who already own Bitcoin rich and then they'd dump on them.

They're a little bit cleverer than that. Back in the 90s would you rather be putting money into writing the books that Amazon sold out of their garage, or Amazon?

It is a good thing that they are expanding, and that can only mean one thing, business is doing great. Imagine having to employ around 50 employees compared to when they were just operating with less than 10 people. Hoping this additional cash that they are investing will lead to better services and more features that will help their clients, me included.

Soon we will see that bitcoin will be accepted and being used in the google play store and in other products/services that Google offers to us, I think it is a good news since google is a big company and when they invest in something we should not doubt that something good for the community is coming. Google Wallet + Bitcoin.

Yeah, the circulation of bitcoin have increased than the past. This is just a positive response and depending on the price variation the capital market value changes. In my view right now it's good to be a part of the digital currency network, because soon a big increase in the capital will be taking place as the price increase is happening in a sustained manner.