sgbett
Legendary
 Offline
Activity: 2576
Merit: 1087
|
 |
July 02, 2014, 09:27:20 PM |
|
Million dollar question: "How much did you pay?"
|
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
|
|
|
criptix
Legendary
Offline
Activity: 2464
Merit: 1145
|
|
July 02, 2014, 09:27:25 PM |
|
Can anyone summarize as this is the worst stream i have ever seen. Plays for 5 seconds and then blocked for a few minutes and then plays 5 seconds.
Same here. I have to refresh every 10 seconds, not worth watching. So far Draper didn't look knowledgeable to be honest. Guess he just looks at the macroscale and depends on other people to figure out how bitcoin works. agree, as far as i understand, his son is the real bitcoin believer, tim darper got this idea from his son |
|
|
|
sgbett
Legendary
Offline
Activity: 2576
Merit: 1087
|
|
July 02, 2014, 09:27:38 PM |
|
"Refuses to answer"
|
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
|
|
|
derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
|
|
July 02, 2014, 09:27:49 PM |
|
Q: "How much did you pay"
A: "more than the other bidders"
|
|
|
|
|
wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
|
|
July 02, 2014, 09:29:21 PM |
|
Thanks sgbett, I appreciate the running commentary  |
|
|
|
|
sgbett
Legendary
Offline
Activity: 2576
Merit: 1087
|
|
July 02, 2014, 09:29:31 PM |
|
Opens floor to Q from press...
Mumbled question - probably which countries you targeting?
A: "Argentina, Turkey, Isreal"
|
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
|
|
|
|
Raystonn
|
|
July 02, 2014, 09:29:39 PM |
|
He won't say what he paid at this auction. "More than anyone else at the auction."
|
|
|
|
|
wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
|
|
July 02, 2014, 09:29:58 PM |
|
The should ask WHY he refuses to disclose that.
|
|
|
|
|
sgbett
Legendary
Offline
Activity: 2576
Merit: 1087
|
|
July 02, 2014, 09:30:52 PM |
|
Draper: "Talking about retail businesses that take cash suffering from hyper inflation being a primary target, as they can avoid instant devaluation of cash they are taking. Hotels being a main target"
|
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
|
|
|
sgbett
Legendary
Offline
Activity: 2576
Merit: 1087
|
|
July 02, 2014, 09:31:22 PM
Last edit: July 02, 2014, 09:56:54 PM by sgbett |
|
Chris C from pando: Further pressure to reveal price paid.
|
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
|
|
|
sgbett
Legendary
Offline
Activity: 2576
Merit: 1087
|
|
July 02, 2014, 09:32:58 PM
Last edit: July 02, 2014, 09:57:21 PM by sgbett |
|
Draper: More avoiding issue. They were keen to get a big piece of coin so bid high. Speculates on it being worth much more or much less then price today in 5 years.
Its a long term investment, he is "putting BTC to good use" suggesting that he is increasing penetration of BTC around world
Investment based on ideas 6 months ago
|
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
|
|
|
sgbett
Legendary
Offline
Activity: 2576
Merit: 1087
|
|
July 02, 2014, 09:33:34 PM |
|
Q: "Are you looking for more BTC"
A: "Probably not at this time, they have enough for this use, but aren't ruling it out"
|
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
|
|
|
|
twiifm
|
|
July 02, 2014, 09:34:18 PM |
|
Draper: "Anecdote about 2 iranians, who built business in Iran but left during a revolution, had to start over. Bitcoin allows people like that to avoid repercussions of revolutions. BTC is safer than fiat."
Draper Jr: "Instability of bitcoin is US centric view. Stability is relative. In other countries it could be considered more stable than local currency"
Easy solution. Keep some money in USD in US bank account |
|
|
|
|
sgbett
Legendary
Offline
Activity: 2576
Merit: 1087
|
|
July 02, 2014, 09:34:47 PM |
|
Q: "Have you used BTC personally"
A: "Yes via bitcoin ATM I bought the 'old money' with it. Promotion of Snap Card / Atlas Card"
|
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
|
|
|
wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
|
|
July 02, 2014, 09:35:01 PM |
|
Draper: "Anecdote about 2 iranians, who built business in Iran but left during a revolution, had to start over. Bitcoin allows people like that to avoid repercussions of revolutions. BTC is safer than fiat."
Draper Jr: "Instability of bitcoin is US centric view. Stability is relative. In other countries it could be considered more stable than local currency"
Easy solution. Keep some money in USD in US bank account Would you trust a US bank? |
|
|
|
|
sgbett
Legendary
Offline
Activity: 2576
Merit: 1087
|
|
July 02, 2014, 09:35:45 PM |
|
Draper: "Anecdote about 2 iranians, who built business in Iran but left during a revolution, had to start over. Bitcoin allows people like that to avoid repercussions of revolutions. BTC is safer than fiat."
Draper Jr: "Instability of bitcoin is US centric view. Stability is relative. In other countries it could be considered more stable than local currency"
Easy solution. Keep some money in USD in US bank account Have you tried getting a US bank account? I have I'm not a US citizen I'm in UK, they won't touch me. I hardly think they are going to welcome iranians with open arms. |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
|
|
|
sgbett
Legendary
Offline
Activity: 2576
Merit: 1087
|
|
July 02, 2014, 09:36:30 PM |
|
Q: "How do you feel about transaction fees"
A: "Great because they are so much lower. This transaction went with zero fees! (his words!)"
|
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
|
|
|
sgbett
Legendary
Offline
Activity: 2576
Merit: 1087
|
|
July 02, 2014, 09:38:15 PM |
|
Q: "How do you feel about chargebacks / consumer protection"
A: "Suggests consumer protection currently worse because of chargebacks. BTC is liberating the consumer. There are lots of companies (crowdcurity mentioned twice) working on consumer protection. Lots of room for startups in this area. Looking for applicants. Atlas Card pushed again"
|
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
|
|
|
|
twiifm
|
|
July 02, 2014, 09:39:09 PM |
|
Draper: "Anecdote about 2 iranians, who built business in Iran but left during a revolution, had to start over. Bitcoin allows people like that to avoid repercussions of revolutions. BTC is safer than fiat."
Draper Jr: "Instability of bitcoin is US centric view. Stability is relative. In other countries it could be considered more stable than local currency"
Easy solution. Keep some money in USD in US bank account Have you tried getting a US bank account? I have I'm not a US citizen I'm in UK, they won't touch me. I hardly think they are going to welcome iranians with open arms. Just use HSBC they have branches everywhere I'm American and I have a Japanese bank account |
|
|
|
|
wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
|
|
July 02, 2014, 09:40:51 PM |
|
Draper: "Anecdote about 2 iranians, who built business in Iran but left during a revolution, had to start over. Bitcoin allows people like that to avoid repercussions of revolutions. BTC is safer than fiat."
Draper Jr: "Instability of bitcoin is US centric view. Stability is relative. In other countries it could be considered more stable than local currency"
Easy solution. Keep some money in USD in US bank account Have you tried getting a US bank account? I have I'm not a US citizen I'm in UK, they won't touch me. I hardly think they are going to welcome iranians with open arms. Just use HSBC they have branches everywhere I'm American and I have a Japanese bank account But they won't allow you to have a USD account without paying high fees. Anyway, every country's currency sucks so it doesn't help much anyway. |
|
|
|
|
|
