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I spent 2014 trying to get a Bitcoin derivatives exchange off the ground and had a lot of intimate conversations about business models with large players, I am

by jboggan 12y ago

I spent 2014 trying to get a Bitcoin derivatives exchange off the ground and had a lot of intimate conversations about business models with large players, I am not speculating here. Consider that Bitcoin has return characteristics that are highly desirable to a VC's risk profile, yet the restrictions of their limited partnership agreements precludes VCs from directly buying Bitcoin.

IkmoIkmo 12y ago
So you're saying Coinbase, Bitpay etc or likewise have bought bitcoin purely for speculation (not as necessary liquidity as part of the product they're offering) with VC money and directed by VC orders to act as an investment vehicle for bitcoin, while using the tens of engineers etc and products as a front? While simultaneously lying to the VC funds' investors who have set restrictions that they're actively circumventing?