[2016-05-13] R3 eyes $200m for next step in blockchain journey

[LiteCoinGuy]

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.

[LiteCoinGuy]

surprise surprise

[Denker]

$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

[Karartma1]

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.

[LiteCoinGuy]

Blockchain consortium R3 facing unrest over capital raise

https://archive.is/SN7J9

[Carlton Banks]

surprise surprise

*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?

[LiteCoinGuy]

surprise surprise

*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? 

[TraderTimm]

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.

[Carlton Banks]

*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? 

[LiteCoinGuy]

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  )

[Carlton Banks]

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

[gentlemand]

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.