Famed Trader Joe Lewis Backs Bitcoin(online.wsj.com)

30 pointsby cgi_manvor 13 Jahren14 comments

online.wsj.com

http://online.wsj.com/article/SB10001424127887323997004578644491403250124.html

6 comments

trotskyvor 13 Jahren

Holy Jesus that's a lot of money. Has anyone credible ever done any market sizing of the btc services or hardware markets? At first blush it is hard for me not to estimate the btc specific hardware market as being less than 200MM even when you add up everyone's revenue since the dawn of time. It looks like avalon's total sales so far has been less than $10MM.

I assume this has to be about inventory - some kind of line of credit that allows them to offer customer financing, shift away from their pre-order system, or some kind of upfront cost associated with a process upgrade.

It's hard to believe there is much money to be spent on R&D for asic hashing, or that they would gain much via some big marketing campaign.

jeremi23vor 13 Jahren

Asic is used to basically print money in the bitcoin world. So they might want to run the miners themself.

axefrogvor 13 Jahren

Fake. https://twitter.com/ScottWapnerCNBC/statuses/364370798892421...

[deleted]vor 13 Jahren

mrbvor 13 Jahren

A lot more details about Joe Lewis' investment fund in the Bitcoin company Bitsyncom: http://bitcoinexaminer.org/avalon-might-be-getting-a-200-mil...

yuvadamvor 13 Jahren

Speculation that some part of this story is fishy -

http://www.feld.com/wp/archives/2011/01/avalon-ventures-rais... (2011)

mathattackvor 13 Jahren

I can buy that the story sounds fishy, but why does this link suggest it? Just that the fund was really created 2 years ago?

proliferationvor 13 Jahren

only available to subscribers...

mrbvor 13 Jahren

Click: https://www.google.com/search?q=famed+trader+joe+lewis+backs...

(This is a google "I am feeling lucky" search - no subscription is required when the referrer is Google.)