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Author Topic: 2013-03-15 crash-belies-confidence-in-bitcoin  (Read 680 times)
cbeast
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March 17, 2013, 04:01:56 AM
 #1

Any title in the press that uses the word "belies" deserves a looksee.

http://www.businessinsider.com/crash-belies-confidence-in-bitcoin-2013-3

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Raoul Duke
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March 17, 2013, 04:06:23 AM
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Stopped reading here:
Quote
the recent announcement that Silicon Valley Bank will hold Bitcoin deposits

FFS...

cbeast
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March 17, 2013, 04:23:32 AM
 #3

Stopped reading here:
Quote
the recent announcement that Silicon Valley Bank will hold Bitcoin deposits

FFS...
IIRC, Coinlab will hold Bitcoin deposits just as mtgox does.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Raoul Duke
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March 17, 2013, 04:42:24 AM
 #4

Stopped reading here:
Quote
the recent announcement that Silicon Valley Bank will hold Bitcoin deposits

FFS...
IIRC, Coinlab will hold Bitcoin deposits just as mtgox does.

Coinlab != Sillicon Valley Bank

cbeast
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March 17, 2013, 04:58:19 AM
 #5

Stopped reading here:
Quote
the recent announcement that Silicon Valley Bank will hold Bitcoin deposits

FFS...
IIRC, Coinlab will hold Bitcoin deposits just as mtgox does.

Coinlab != Sillicon Valley Bank
Well no, but Silicon Valley Bank is in a partnership with Coinlab. They probaly got this from the Forbes article:
Quote
Silicon Valley Bank, a company that provides financial services to emerging growth companies, will be holding deposits of bitcoin and dollars for Coinlab.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Raoul Duke
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March 17, 2013, 05:07:54 AM
 #6

Stopped reading here:
Quote
the recent announcement that Silicon Valley Bank will hold Bitcoin deposits

FFS...
IIRC, Coinlab will hold Bitcoin deposits just as mtgox does.

Coinlab != Sillicon Valley Bank
Well no, but Silicon Valley Bank is in a partnership with Coinlab. They probaly got this from the Forbes article:
Quote
Silicon Valley Bank, a company that provides financial services to emerging growth companies, will be holding deposits of bitcoin and dollars for Coinlab.

They might have taken it from there, yes.
I still don't believe Sillicon Valley Bank will hold Coinlabs' customers Bitcoins anywhere else besides in their safety deposit boxes Wink
But you don't need to believe me on that.

http://coinlab.com/transition
Quote
Transition Questions
What does "transitioned" mean?

    Your coins are in CoinLab's secure storage
    Your dollars are deposited with Silicon Valley Bank
As you see, SVB will only hold the USD/CAD, not the BTC.

Journalism simply isn't what it used to be. Forbes publishes some moronic statement and then everyone treats it as truth and spreads the lie even further without making their own due diligence to get the facts straight.

Let me say it again: FFS...

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