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Author Topic: 2012-04-26 Which Would You Buy: A New CDO-Squared or a Bitcoin Start-Up?  (Read 1464 times)
PawShaker
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April 27, 2012, 01:19:48 AM
 #1

Which Would You Buy: A New CDO-Squared or a Bitcoin Start-Up?

APR 26, 2012 9:47am ET By Marc Hochstein
[...]
Peter Thiel, who founded PayPal, is teaching a course on start-ups at Stanford, and one of his students, who apparently is the world’s greatest note-taker, has posted a reconstruction of one of the class discussions on his Tumblr. David Brooks summarizes Thiel’s ideas in his Times column this week, but really, just read the lecture. It’s a fascinating, provocative reconsideration of widely held assumptions about the desirability of competition and the undesirability of monopolies.
[...]
Turning to today’s would-be disruptors in financial services, a group of prominent VCs are investing $500,000 in a start-up called CoinLab. Doesn’t sound like a lot of money, but it’s noteworthy because CoinLab’s business model involves Bitcoin, the decentralized digital currency that Sen. Chuck Schumer thinks is a threat to society. Nothing obviously illicit about CoinLab, though. As we understand the model from reading the write-ups in Forbes and Ars Technica, CoinLab generates revenue for online gaming companies, by essentially renting players’ computers to “mine” Bitcoins in the background while games are being played.
[...]

http://www.americanbanker.com/the-scan/the-scan-thursday-april-26-2012-1048770-1.html

As for me it is notable as one of very few fully positive press appearances for BitCoin.

1FQkH63k6hkexFMTRzLtJEE6ZAaTBRhjiS
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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April 27, 2012, 09:22:28 PM
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Yes and whats really interesting.

Its in the AmericanBanker

And they promise to not mention Bitcoin for another month...
Thats going to be hard...

Bitcoins - Because we should not pay to use our money
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