Interesting news from Reuters:
http://uk.reuters.com/article/2015/12/02/uk-barclays-investmentbank-masters-exclu-idUKKBN0TL2JX20151202 apparently the head honcho at Barclay's wanted Blythe Masters to run their Investment Bank division. She turned it down, though, choosing instead to forge ahead on as chief executive officer of New York technology startup Digital Asset Holdings.
A reminder to those who don't understand where our dear friend Blythe is coming from, check out this Bloomberg article:
http://www.bloomberg.com/news/articles/2015-10-06/blythe-masters-says-forget-bitcoin-embrace-the-blockchain
Easy there, Sharon Stone
BLYTHE MASTERS, CHIEF EXECUTIVE OFFICER OF NEW YORK TECHNOLOGY STARTUP DIGITAL ASSET HOLDINGS, DOESN’T CARE MUCH ABOUT BITCOIN.
"I NEVER BECAME PARTICULARLY ENAMORED WITH CRYPTOCURRENCY," MASTERS SAID AT THE BLOOMBERG MARKETS MOST INFLUENTIAL SUMMIT IN NEW YORK ON TUESDAY.
Good for your, Blythe. And best of luck with "Digital Asset Holding"! Reminder: all fiat currencies are digital assets, only a small percentage of dollars, euros, etc. are in paper form. Cryptocurrencies are what the technology is, not virtual currency, not digital currency. Cryptography is at the heart of it, but she just uses different terms..."block chain", "digital distributed ledger", "decentralized leverage"...oh who cares.
But it's interesting to see that she's so confident in this "space" that she turns down major career opportunities in order to stick with the vision involving the blockchain.
And who knows? Maybe one day Blythe will learn that the blockchain is nothing without the token. And the token's value is earned through blood, sweat, tears, and time. Bitcoin is the token with the longest established reputation. You can't just manufacture tokens out of nowhere and try to replicate bitcoin's price path. Too many banker types see BTC/USD price from 2010 onward and they think they can manufacture a token under the guise of some bigger purpose and get a market vaue assigned to it.
Can you spot which dog in this picture "innovated" Credit Default Swaps?
All the properties that make the OPEN protocol of bitcoin so successful are lacking when it comes to private proprietary blockchains. They're not decentralised in the true sense when they're locked down like that. And furthermore, they don't understand what gives the token credibility and value in the first place: its independence from central authorities! Ripple is learning this lesson now and Blythe Masters and the other hucksters who "don't care for bitcoin", but "love the blockchain" are going to be in the unemployment line.
So Blythe just may end up regretting turning down this job. Since she's not getting with the bitcoin program and is trying to hijack "blockchain" instead, she will be sorely disappointed when she fails, and that Barclay's offer just might not be on the table waiting for you, honeypie. But hey, it's never too late to buy bitcoin baby girl: after all, we're an open decentralized protocol.
