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OT: Phillip Buchanon launching his own cryptocurrency

OriginalCanesCanesCanes said:
The fact that someone like a Peter Thiel has gotten in on the market gives it a little more legitimacy for me. He’s in with a little $20 million bet. That’s little for him. But he’s still skeptical, though.

Obviously you can forget the Icahns and God forbid, Buffet, for a long time.
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A lot of big investors have been hopping on board. Jim Breyer, Tim Draper, the Rockefellers, Rothschilds, and everyones favorite....Soros. Were just seeing the beginning of institutional money.
 
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CFLCane said:
A lot of big investors have been hopping on board. Jim Breyer, Tim Draper, the Rockefellers, Rothschilds, and everyones favorite....Soros. Were just seeing the beginning of institutional money.
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I mentioned Thuel as just one example because he’s usually first, but none of those guys is making big bets.

Soros, politics aside, has announced intentions to have his funds trade in the technology and he’s invested in in overstock, I guess you could call a proxy, in a sense, for crypto.
 
OriginalCanesCanesCanes said:
I mentioned Thuel as just one example because he’s usually first, but none of those guys is making big bets.

Soros, politics aside, has announced intentions to have his funds trade in the technology and he’s invested in in overstock, I guess you could call a proxy, in a sense, for crypto.
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I think the upcoming ETF funds will be attractive for the more traditional investors.
 
I see crypto as a means of tax evation. Once governments regulate, the value will match that of the USD. If the USA doesn’t regulate soon enough, there is a small chance it could catch fire and become the global currency.

In the end, you are investing in a tech business similar to Visa, MasterCard, FirstData...
 
It may be money down the drain for those that buy into the fever pitch! But Buchanon may walk away in a better position, if he gets out at the right time.
 
bigsonnyu said:
It may be money down the drain for those that buy into the fever pitch! But Buchanon may walk away in a better position, if he gets out at the right time.
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Depends how much of his own money he invested. He’s supposed to be smart with his money, if he invested any, I’m assuming it’s money he could afford to lose. Which because of my lack of comfort or knowledge is the only money I would invest, money I could afford to blow.
 
I dont think this project requires a crypto component.... like many icos... which are domed to fail. I can think about at least 10 in the past two months which had similar crypto appendage.

White paper lacks data, partnerships, and detailed roadmap.

Good luck I guess bud.
 
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He should call it the "P Buck".

One of my favorite players from the '01 team and one of the most dangerous players of all time at Miami with the ball in his hands.

Trill said:
I’m in charge of Business Development for BitDreams Inc. and he has been working with us for the last couple of months.

His app is called Vite. Find out more at www.vite.world.
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I’m a full time day trader for 4 years now. I trade cryptos futures and forex didn’t get into crypto until Nov ‘16. I got a webinar on Monday night if y’all boys want to learn more.

Register for it on Eventbrite. Called How Trading Changed my Life!

Now I’ve got more time on my hands to spend with my family and love my dreams instead of being at a company helping someone else manifest theirs!

4 successful years trading and I love crypto as well.
 
90scane said:
I see crypto as a means of tax evation. Once governments regulate, the value will match that of the USD. If the USA doesn’t regulate soon enough, there is a small chance it could catch fire and become the global currency.

In the end, you are investing in a tech business similar to Visa, MasterCard, FirstData...
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gabedm said:
I dont think this project requires a crypto component.... like many icos... which are domed to fail. I can think about at least 10 in the past two months which had similar crypto appendage.

White paper lacks data, partnerships, and detailed roadmap.

Good luck I guess bud.
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Correct, just because something utilizes blockchain doesnt mean it needs a token.
 
Any chance one of the big boys gets into this, say Apple somehow incorporating into its Apple Pay system and virtually somehow integrated with its closed IOS software. I’m no expert, so that’s why I ask you guys that are more familiar with the technical/software/coding aspects of it
 
OriginalCanesCanesCanes said:
Any chance one of the big boys gets into this, say Apple somehow incorporating into its Apple Pay system and virtually somehow integrated with its closed IOS software. I’m no expert, so that’s why I ask you guys that are more familiar with the technical/software/coding aspects of it
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I think it would be more likely to get included as an alternative payment option for smaller payment facilitators like Stripe, Adyen, Square... including an exchange from Usd to bitcoin for the merchant.

In the end, it is still a currency and its real value is the lack of government taxation, oversight, and regulations. The wider the acceptance the more valuable the currency becomes and the more likely a government will put the squeeze on it.

My guess is no real company wants to be the first to support it due to the banking regulations that could follow. Does anyone know if bitcoin has to follow KYC, AML? Pretty sure they don’t.

Think of it as internet cash. It can trade hands without a processing network/bank/government involved.
 
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90scane said:
I think it would be more likely to get included as an alternative payment option for smaller payment facilitators like Stripe, Adyen, Square... including an exchange from Usd to bitcoin for the merchant.

In the end, it is still a currency and its real value is the lack of government taxation, oversight, and regulations. The wider the acceptance the more valuable the currency becomes and the more likely a government will put the squeeze on it.

My guess is no real company wants to be the first to support it due to the banking regulations that could follow. Does anyone know if bitcoin has to follow KYC, AML? Pretty sure they don’t.

Think of it as internet cash. It can trade hands without a processing network/bank/government involved.
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There are exchanges that certainly require KYC and AML and there are exchanges that exclude US customers, and there are exchanges that don't require any identifiable information. There are also tons of ways to OTC trade crypto.
 
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