kaysersoze (OP)
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December 16, 2013, 02:36:06 AM Last edit: December 16, 2013, 02:54:26 AM by kaysersoze |
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Keith Rabois from khosla ventures is one of the most knowledgeable VC:s in the payment space, he says that government almost certainly will ban all marketing on BTC. He refers to days of paypal/yahoo. Must be a bit alarming coming from a name like him, link to the interview; http://www.youtube.com/watch?v=Ia1bqXuOg04Any thoughts comments on this.. scares me
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ohiofarmer
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December 16, 2013, 02:55:55 AM |
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Keith Rabois from khosla ventures is one of the most knowledgeable VC:s in the payment space, he says that government almost certainly will ban all marketing on BTC. He refers to days of paypal/yahoo. Must be a bit alarming coming from a name like him, link to the interview; http://www.youtube.com/watch?v=Ia1bqXuOg04I hate to say it, but he makes very good points. On the other hand, Bernanke has spoken positively about bitcoin and the senate hearings went well... Also, I'd say he's probably kicking himself in the bottom for not investing in bitcoin early on. He is a VC after all...
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superduh
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December 16, 2013, 03:01:31 AM |
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i'd prob change the subject. seems quite an opinion
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ok
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kaysersoze (OP)
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December 16, 2013, 03:07:05 AM |
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i'd prob change the subject. seems quite an opinion
It is a very well informed and valuable opinion coming from a man which job is to invest in the future and specially the payment space....
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superduh
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December 16, 2013, 03:13:19 AM |
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i'd prob change the subject. seems quite an opinion
It is a very well informed and valuable opinion coming from a man which job is to invest in the future and specially the payment space.... but working at paypal for a few years and square a few years before having to leave doesn't necessarily prove you are one of the most knowledgeable VC in the payments space. the world is bigger than US as well. i will check his speech later i was just trying to say you may be putting to much behind his presitge
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ok
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kaysersoze (OP)
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December 16, 2013, 03:28:53 AM |
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i'd prob change the subject. seems quite an opinion
It is a very well informed and valuable opinion coming from a man which job is to invest in the future and specially the payment space.... but working at paypal for a few years and square a few years before having to leave doesn't necessarily prove you are one of the most knowledgeable VC in the payments space. the world is bigger than US as well. i will check his speech later i was just trying to say you may be putting to much behind his presitge although he is an payment expert ( on board of xoom as well, online mobile payment company) your fair point is that there are tons of historic data that has shown that "experts" in any given field have constantly been very wrong on future assumptions within their own field ... hope this one will add
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empoweoqwj
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December 16, 2013, 03:45:28 AM |
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Keith Rabois from khosla ventures is one of the most knowledgeable VC:s in the payment space, he says that government almost certainly will ban all marketing on BTC. He refers to days of paypal/yahoo. Must be a bit alarming coming from a name like him, link to the interview; http://www.youtube.com/watch?v=Ia1bqXuOg04Any thoughts comments on this.. scares me What do you mean "ban all marketing on BTC"? And yes, as others point out, bitcoin is global. If the US chooses to opt out, its still a viable currency for the other 250 nations on the planet.
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empoweoqwj
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December 16, 2013, 03:46:07 AM |
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Yes, Bitcoin risk, that is, I know a bitcoin secure transaction site: http://lakebtc.com, you can try. That sentence sounds so dodgy I wouldn't click on that link in a million years. I won't try thanks.
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cypherdoc
Legendary
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December 16, 2013, 05:49:42 AM |
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lots of hubris oozing from this "expert".
just ban all marketing 'eh? like "we can do whatever the hell we want to do". really? we're not talking about money laundering here, nor child pornography. the fact that the Silk Road takedown did exactly the opposite to the price of Bitcoin of that predicted by these experts says it all. ppl are moving into Bitcoin for very different reasons, namely store of value and its future potential as a free, non-manipulated currency.
if the gov't tries to do something unreasonable or overbearing to Bitcoin, there will be a backlash with much unintended consequence. i can assure you of that.
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mgio
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December 16, 2013, 06:07:10 AM |
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The interviewer is only up 75%?? What a loser!
I'm a recent adopter and I'm up 10,000%.
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empoweoqwj
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December 16, 2013, 06:08:34 AM |
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The interviewer is only up 75%?? What a loser!
I'm a recent adopter and I'm up 10,000%.
Can't be that recent if you are up 10,000% ..... unless you define 10,000% differently from me 75% does sound a bit pathetic - sounds like he was very late to the game
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beetcoin
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December 16, 2013, 08:35:45 AM |
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he says at the beginning "i am not completely sure how bitcoin will play out." but still, he has a point.
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Sindelar1938
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December 16, 2013, 08:40:27 AM |
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He is pretty articulate His view that btc in US is gonna lack adoption in more unstable countries is a good point (I think)
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amincd
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December 16, 2013, 08:43:51 AM Last edit: December 16, 2013, 08:55:36 AM by amincd |
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Everything changed when the internet reached mass adoption. Laws that had been enforced for decades became unenforceable almost overnight. The same thing could very well happen as a result of Bitcoin's solution to the Two Generals' problem and the advent of decentralized and automated synchronization of data.
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hilariousandco
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Join the world-leading crypto sportsbook NOW!
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December 16, 2013, 12:01:55 PM |
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I can't see how or under what justification the US government can ban the use of Bitcoin or how they would prosecute businesses for accepting them. And if they do, prepare for lawsuits. It's certain that they're going to put regulations on it, but an outright ban of it or to prosecute businesses that use it? Nah. The interviewer is only up 75%?? What a loser!
I'm a recent adopter and I'm up 10,000%.
Can't be that recent if you are up 10,000% ..... unless you define 10,000% differently from me 75% does sound a bit pathetic - sounds like he was very late to the game I'm up almost 1000% (or was at BTCs peak) .
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empoweoqwj
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December 16, 2013, 12:25:21 PM |
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He is pretty articulate His view that btc in US is gonna lack adoption in more unstable countries is a good point (I think)
He may or may not be articulate. Unfortunately your 2nd sentence isn't. I think you missed a word or three out.
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NeedForBitcoin
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December 16, 2013, 12:26:02 PM |
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So far he's wrong regarding regulators. He's got it reversed. Europe and China are more tough on Bitcoin than America.
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empoweoqwj
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December 16, 2013, 12:37:03 PM |
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So far he's wrong regarding regulators. He's got it reversed. Europe and China are more tough on Bitcoin than America. Europe isn't a country. The response will vary widely between countries in Europe. As for China "being more tough", we'll find out how that plays out. Its all politics.
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PenAndPaper
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December 16, 2013, 12:46:44 PM |
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Keith Rabois from khosla ventures is one of the most knowledgeable VC:s in the payment space, he says that government almost certainly will ban all marketing on BTC. He refers to days of paypal/yahoo. Must be a bit alarming coming from a name like him, link to the interview; http://www.youtube.com/watch?v=Ia1bqXuOg04Any thoughts comments on this.. scares me So one vc makes random thoughs about bitcoin. Scary indeed
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EvilPanda
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December 16, 2013, 12:50:00 PM |
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US government made some bad decisions in the past. Alcohol used to be baned but this didn't stop people from drinking it. So is weed now and most people somehow tried it, so this doesn't scare me at all. If BTC has the support of the people it will survive.
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