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Title: Seth Klarman on Bitcoin Post by: megadeth on February 15, 2016, 12:25:15 AM Found Seth Klarman's take on Bitcoin interesting, this is from 2014:
Quote Seth Klarman also weighed in on Bitcoin, noting that “Only in a bull market could an online ‘currency’ dubbed bitcoin surge 100-fold in one year, as it did in 2013. Now most sell-side firms are rushing to provide research on this latest fad,” he also noted that while “bitcoin funds” are being formed, the fund is “happy to let pass us by, the thinking behind cryptocurrencies may contain a kernel of rationality. If paper currencies – dollars and yen – can be printed in essentially unlimited volumes, and just as with all currencies are only worth what recipients on any given day will exchange in goods or services, then what makes them any better than the “crypto” kind of money?” If his fund did take a position, he's doing a great job of obfuscating it. Title: Re: Seth Klarman on Bitcoin Post by: 7788bitcoin on February 15, 2016, 03:53:15 AM Hmmm.... It seems that he only knows the increase in price.... not sure if he really understood the bitcoin protocol and aware of the blocksize debate. Homework for him!
Title: Re: Seth Klarman on Bitcoin Post by: TexasHuck on August 28, 2017, 03:29:11 AM Interesting how quickly our thought process has evolved on this.... Quite beautiful actually.
Title: Re: Seth Klarman on Bitcoin Post by: CryptoBry on August 28, 2017, 04:04:46 AM Hmmm.... It seems that he only knows the increase in price.... not sure if he really understood the bitcoin protocol and aware of the blocksize debate. Homework for him! He is very optimistic about Bitcoin though he might not had a full grasp of the whole thing back then. I am sure that he is now well-rounded when we talk about cryptocurrency. Just like all of us here we started to get involved with Bitcoin all because of the surge of its value and we want to make some profits along the way. |