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keanbosch (OP)
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July 08, 2014, 03:01:06 PM
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http://www.ahametals.com/vc-tim-draper-bought-bitcoins/
Tim Draper
“The bitcoin world is this new ecosystem where it doesn’t cost that much to start a new bitcoin company, it doesn’t cost much to start owning bitcoin either, and it is a much more efficient way of moving money around the world,” Draper said on Monday’s edition of Squawk on the Street.
“It’s money 2.0, a huge huge huge deal.”
1715272016
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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maurya78
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July 08, 2014, 03:02:54 PM
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Pretty obvious rationale
Core position in coin, satellite positions in btc businesses that ultimately raise value of core position
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July 08, 2014, 03:45:51 PM
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A new business venture such as the one he alludes to needs liquidity on both sides of the book. He has plenty of dollars to provide $ liquidity, all he needed was some BTC
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