2 ms·

Did any of the blockchain initiatives ever go anywhere? I understood that's why they renamed the company to Block, but did that end up a similar rebrand to Face

by simonw 9mo ago

Did any of the blockchain initiatives ever go anywhere? I understood that's why they renamed the company to Block, but did that end up a similar rebrand to Facebook -> Meta?

ursuscamp 9mo ago
They are heavily invested in Bitcoin and still offer and improve their Bitcoin services. It’s not really “blockchain.” They’re not a crypto company. They are ideologically dedicated to Bitcoin.
daxfohl 9mo ago
I don't think so. I know a couple people that worked in TBD (the bitcoin org) and everyone said it was directionless. Eventually the CTO ~abandoned that org and took on that Goose AI project.
rco8786 8mo ago
The only thing it served was to distract Jack from building real products.
Scoundreller 8mo ago
The bought $170m of bitcoin at $50k a pop when their stock was $250, now it’s $67k and their stock is $67 (in after hours trading), so I guess it went pretty far in that respect.