And me on Bitcoin Car Talk!
It would probably help if the CEO hadn’t literally said “value goes up”.
So much for the “business deals in parking lots” market.
QuadrigaCX’s Litecoin “cold” wallets are being drained as I write this.
Plus adventures in blockchain punditry.
Things other than KodakCoin happened. I was going to have a “no cryptos” day today, but …
“Bitcoin is finance, distilled … There are no fundamentals, no cash flows or price-earnings ratios, to evaluate. It is pure speculation about speculation, a Keynesian beauty contest where all the pictures are blank.”
In case you wondered why Bitcoin crashed this afternoon …
Startup funding is always a tricky one. How about an ICO for struggling instant messaging startup Kik to get money from crypto gamblers without diluting their ownership? Offering a “general purpose cryptocurrency” to take cryptocurrency “mainstream,” that’s only slightly completely centralised.