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JorgeStolfi
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April 30, 2015, 05:18:30 AM |
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Circle's philosophy hasn't shifted. They've been focused on dollar balances using bitcoin rails since their inception. They're just now attempting to close that "circle".
What's more surprising is that Goldman Sachs is interested in the utility of an asset that has been crashing for a year and a half. Wall St. tends to stay away from such things.
That is my point, the VC investors of Circle and Coinbase must not be interested so much in bitcoin as they are in the fiat-to-fiat service. That market is MUCH larger than bitcoin-to-fiat or fiat-to-bitcoin. Stop messing with my dig at stolfi  You were too subtle. I really thought that you were finally seeing the light.  |
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Wary
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April 30, 2015, 05:19:27 AM |
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Circle's philosophy hasn't shifted. They've been focused on dollar balances using bitcoin rails since their inception. They're just now attempting to close that "circle".
What's more surprising is that Goldman Sachs is interested in the utility of an asset that has been crashing for a year and a half. Wall St. tends to stay away from such things.
I hope they think that the asset ha d been crashing for 13 months and then - has been consolidating for 3 months.  Stop messing with my dig at stolfi Took it at face value. Stupid me |
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 30, 2015, 05:30:15 AM |
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A couple of years ago any serious financial services company would be crazy to take cryptocurrencies seriously. Now they are crazy not to. Any serious company must have a site now [/nostalgic] LOL! That shouldn't be as funny as it is. I remember in the early/mid 90s, most, when asked, said they were "looking into it"; with obvious contempt. 2-3 years later EVERY single one of them had a site. Good time to be a nerd. |
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EternalWingsofGod
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April 30, 2015, 05:35:31 AM |
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A couple of years ago any serious financial services company would be crazy to take cryptocurrencies seriously. Now they are crazy not to. Any serious company must have a site now [/nostalgic] Ah memory lane recalls the days when businesses were like Websites right ... we will look into that Time does tell no lies |
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Cconvert2G36
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April 30, 2015, 05:48:59 AM |
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That is my point, the VC investors of Circle and Coinbase must not be interested so much in bitcoin as they are in the fiat-to-fiat service. That market is MUCH larger than bitcoin-to-fiat or fiat-to-bitcoin. - You were too subtle. I really thought that you were finally seeing the light. The first point nods to the trojan horse. Bitcoin doesn't need to market itself when its competition is run by heavily indebted governments who have shown time and time again their inability to manage economies. In dramatic cases the currency is devalued overnight, sometimes a slow bleed, sometimes more abrupt. A $150-250 bitcoin over months can seem fine and dandy in these circumstances. As long as the option is there, it is a huge coup. Establish tunnels through the current walls. Price-wise? If there is no interest in these two securities going up soon, I would say things go south for a while. Try to find the marginal cost of mining a bitcoin? The most important part is that the network continues to function, time heals all wounds. I would be more assured if we could scale up tx per block sometime soon. |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 30, 2015, 05:58:04 AM |
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inca
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Activity: 1176
Merit: 1000
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April 30, 2015, 06:15:38 AM |
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Right. Going long.
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JayJuanGee
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Activity: 3766
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Self-Custody is a right. Say no to"Non-custodial"
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April 30, 2015, 06:49:33 AM |
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Right. Going long.
One thing is "going long" and another thing is having had been long a long time ago, more than a year... hahahahaha... woa is us long time longers. |
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Cassius
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April 30, 2015, 06:56:36 AM |
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Nice, but bitcoin is actually becoming less relevant to Circle's business, it would seem... Suppose a person in the US sends USD throught Circle to a person in China who will receive CNY. Circle does not necessarily have to use bitcoin for that. If it has enough reserves at both ends, it only needs to adjust its own internal ledgers. Like Western Union, or any bank. They need to send bitcoins, and sell them in the local markets, only if their reserves get too unbalanced. Indeed, that was my guess for the reason for Coinbase and Circle getting so much VC investment: they intend to become competitors to PayPal in the "fiat" e-payment business, using bitcoin only occasionally if at all. No. Not what the article implies. |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 30, 2015, 06:58:06 AM |
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Fatman3001
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Make Bitcoin glow with ENIAC
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April 30, 2015, 07:12:39 AM |
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No. Not what the article implies. He knows, he be trolling. |
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Fatman3001
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Make Bitcoin glow with ENIAC
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April 30, 2015, 07:42:30 AM |
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Quite a lot of market buys on finex
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Norway
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April 30, 2015, 07:49:43 AM |
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Gentlemen?
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Fatman3001
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Make Bitcoin glow with ENIAC
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April 30, 2015, 07:51:37 AM
Last edit: April 30, 2015, 08:04:11 AM by Fatman3001 |
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$230!!!
Edit: This time finex takes the lead and everyone is following.
Edit 2: Turns out OKCoin might have been the ones taking the lead.
Edit 3: The Goldman Sachs news seems to be grabbing media's attention.
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ChartBuddy
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Activity: 2226
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 30, 2015, 07:57:56 AM |
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findftp
Legendary
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Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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April 30, 2015, 08:08:50 AM |
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It has begun!
Big pumps are showing up more and more frequently.
I guess next bubble will not take weeks but rather days.
Glad I took some of them cheap coins last week
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8up
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April 30, 2015, 08:10:05 AM |
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Totally unexpected. /s |
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8up
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April 30, 2015, 08:11:29 AM |
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It has begun!
Big pumps are showing up more and more frequently.
I guess next bubble will not take weeks but rather days.
Glad I took some of them cheap coins last week
Don't be too euphoric. These are just test pumps. |
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Norway
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April 30, 2015, 08:11:42 AM |
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Let 'er rip!
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phoenix1
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April 30, 2015, 08:12:30 AM |
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It has begun!
Big pumps are showing up more and more frequently.
I guess next bubble will not take weeks but rather days.
Glad I took some of them cheap coins last week
Don't be to euphoric. These are just test pumps. Lol! Sure look pretty real now |
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