[2018-06-04]MICROSOFT TO BUY GITHUB: BITCOIN DEVS CALL FOR EXIT

[bbc.reporter]

Also why did the Github owners agree to be paid in Microsoft stock instead of real money? There might also be arrangements in the deal for when and how much the sellers are allowed to sell the stocks hehehe.

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[1Referee]

Also why did the Github owners agree to be paid in Microsoft stock instead of real money?

I think it's safe to say that Microsoft offered them a much lower price in cash (potentially billions lower), which is why they went for the stocks.

It's actually a very smart move from Microsoft with how its stocks are hovering around their all time high levels, where in current state of the stock market, a correction might be due. In other words, Microsoft wisely hedged a potential downfall of its own stocks by acquiring GitHub. By the time the stock market correction has taken place, they will buy back their stocks at much lower levels. It's a game that's being played, where the wealthiest always have the main advantage.

It's basically the same as when you try to sell your car to a dealer. Cash value is always lower than trade value.

There might also be arrangements in the deal for when and how much the sellers are allowed to sell the stocks hehehe.

Definitely.

[bbc.reporter]

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

[companyres]

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

Yes. So whats next? Decentralized repositories obviously.

[buwaytress]

So, GitLab it is? Or will we see a resurgence in SourceForge?

Also why did the Github owners agree to be paid in Microsoft stock instead of real money?

I think it's safe to say that Microsoft offered them a much lower price in cash (potentially billions lower), which is why they went for the stocks.

It's actually a very smart move from Microsoft with how its stocks are hovering around their all time high levels, where in current state of the stock market, a correction might be due. In other words, Microsoft wisely hedged a potential downfall of its own stocks by acquiring GitHub. By the time the stock market correction has taken place, they will buy back their stocks at much lower levels. It's a game that's being played, where the wealthiest always have the main advantage.

Yeah, it's generally good business sense if you're not looking to liquidate and cash out. Microsoft stocks still have a lot of potential to grow over the long-term, and can find ready buyers should a later need come to liquidate that. With MS pursuing blockchain itself, there's no reason to think GH's acquisition will also propel the stocks later on.

Smart moves can be expected from MS, Bill Gates or not, his acumen seems to have been inherited.

[veleten]

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

what makes you feel that Microsoft has no potential influence on bitcoin price?
if it really really wanted ,it could buyout a fair share of coins and do whatever they desired with the price afterwards

Microsoft Market Cap:
780.31B
Bitcoin market cap:
131 B

[squatter]

So, GitLab it is? Or will we see a resurgence in SourceForge?

Ultimately, it seems like decentralized repositories will be the best long term solution. Apparently, establishing new code-signing and merging protocols will take some time and effort, so I wonder if it makes sense to adopt a centralized replacement in the meantime. It sounds like it's not an urgent issue.

[1Referee]

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

GitHub itself and the shareholders don't have much to do with Bitcoin, so it wouldn't work. Accepting Bitcoin would mean they expose themselves to the risk of devaluation of their Bitcoins, and that risk isn't something you want to be taking with a multi billion dollar company. There is simply too much at stake.

Another factor why such a deal doesn't work on this level is that Microsoft would have to obtain billions worth of Bitcoin one way or another, which is a rather difficult task. Assuming the cash settled value would be close to $5 billion, it would require Microsoft to buy like ~660,000BTC. You can't even buy 100,000BTC through exchanges due to how thin the market is. It would require high level OTC connections, and then it's still incredibly difficult to come close to that number of coins.

[ryan1918]

Also why did the Github owners agree to be paid in Microsoft stock instead of real money? There might also be arrangements in the deal for when and how much the sellers are allowed to sell the stocks hehehe.

I'm sure it was more money in the long run if the stocks hold out, mainly they do it because they don't have to come off the cash and the other party gains because they get more then the cash value but normally have a term of how long they must keep the stocks before they can sell usually a year or two.

[bbc.reporter]

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

what makes you feel that Microsoft has no potential influence on bitcoin price?
if it really really wanted ,it could buyout a fair share of coins and do whatever they desired with the price afterwards

Microsoft Market Cap:
780.31B
Bitcoin market cap:
131 B

I cannot argue with your reply because I reckon it is a bad one.

I any case, it is not as simple as comparing the marketcap of a public company and the marketcap of bitcoin. That would be stupid. Also, what will Microsoft use to buy a fair share of bitcoins to do whatever they desired with its price? Stock options?

[veleten]

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

what makes you feel that Microsoft has no potential influence on bitcoin price?
if it really really wanted ,it could buyout a fair share of coins and do whatever they desired with the price afterwards

Microsoft Market Cap:
780.31B
Bitcoin market cap:
131 B

I cannot argue with your reply because I reckon it is a bad one.

I any case, it is not as simple as comparing the marketcap of a public company and the marketcap of bitcoin. That would be stupid. Also, what will Microsoft use to buy a fair share of bitcoins to do whatever they desired with its price? Stock options?

because you think that bitcoin in itself is something independent and this almost religious belief clouds your judgement
I simply stated that Microsoft can buy a fair share of bitcoins,if they wanted
use them to buy GITHUB or do whatever,including manipulating the price of bitcoin

it is not as simple as comparing the marketcap of a public company and the marketcap of bitcoin

it is simple,figures are figures
one figure is bigger than the other
I could simplify it more for you,to make it easier,just ask

That would be stupid

no,this is not stupid,unlike your remark

what will Microsoft use to buy a fair share of bitcoins

what did Microsoft use to buy GITHUB?

[bbc.reporter]

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

what makes you feel that Microsoft has no potential influence on bitcoin price?
if it really really wanted ,it could buyout a fair share of coins and do whatever they desired with the price afterwards

Microsoft Market Cap:
780.31B
Bitcoin market cap:
131 B

I cannot argue with your reply because I reckon it is a bad one.

I any case, it is not as simple as comparing the marketcap of a public company and the marketcap of bitcoin. That would be stupid. Also, what will Microsoft use to buy a fair share of bitcoins to do whatever they desired with its price? Stock options?

because you think that bitcoin in itself is something independent and this almost religious belief clouds your judgement
I simply stated that Microsoft can buy a fair share of bitcoins,if they wanted
use them to buy GITHUB or do whatever,including manipulating the price of bitcoin

it is not as simple as comparing the marketcap of a public company and the marketcap of bitcoin

it is simple,figures are figures
one figure is bigger than the other
I could simplify it more for you,to make it easier,just ask

That would be stupid

no,this is not stupid,unlike your remark

what will Microsoft use to buy a fair share of bitcoins

what did Microsoft use to buy GITHUB?

You say Microsoft can, as if it was that simple. Microsoft is a public company that needs the share holders to vote to make any major decision.

How would it look if Microsoft's CEO says Hello, we will buy bitcoin today. Do you really think the shareholders and the board of directors of a multibillion dollar company will approve?

Also, yes please explain how simple it is for Microsoft to buy a fair share bitcoins using stock options.

[Crypto_Spike_Factor]

@1Referee. I reckon it would be smarter for the Github founders to only accept a deal if the payment was in bitcoins. They might receive billions lower but they will make billions more by holding bitcoin than holding Microsoft stock hehehe.

If the payment was in Bitcoins, Github founders will surely accept it and trade daily. That will even make them more profitable. Maybe a trillion when traded all in at a time. hehehehe

[liberty02]

Well that is sad, I think developers want freedom from the big companies, hope that they do Github justice instead of the likes of Nokia and skype, as for Bitcoin, they are not that affected as they are only using Github for its ease of access and community and not source code mentioned by one of the Bitcoin Developers in squatters link.

So, GitLab it is? Or will we see a resurgence in SourceForge?

Ultimately, it seems like decentralized repositories will be the best long term solution. Apparently, establishing new code-signing and merging protocols will take some time and effort, so I wonder if it makes sense to adopt a centralized replacement in the meantime. It sounds like it's not an urgent issue.