Using A Bitcoin Wallet To Take Inexpensive Positions On Goldman Sachs 2015 Recommended Global Macro TradesSubmitted by Reggie Middleton on 11/29/2014 09:11 -0500
First we discuss whether Goldman Is Giving Real Advice or Muppet Fodder, then we learn how to monetize our position on said Fodder... eh... Advice using just a bitcoin wallet and not Goldman itself.
Now that bitcoin has increased in price around 80% since the peak of doom and gloom, Flat Earth Society, can't see the forest due to tree bark blindness short-sightedness, it's time to bust some more Bitcoin myths and move on to what this stuff can really do.
Bitcoin's competitive environ is already prompting a race towards negative margin, and despite such VCs have dumped nearly $100 million in 3 companies in as many months. Here's what I see coming down the pike...
So, I'm off to the races to raise money for UltraCoin, my uber-disruptive startup, and I come across the resistance of certain parties to take common stock. Now, the standard in the professional VC community is to take preferred stock with a stack of anti-dilutive measures, control premiums and liquidation preferences.
So, It Seems Like That Andreesen Dude Might Actually Know What He's Talking About, But I'll Still Spill His SecretsSubmitted by Reggie Middleton on 04/17/2014 13:00 -0500
I got into a Twitter debate with Marc Andreesen of Netscape (the inventor of the commercial web browser) and Andreesen Horowitz (the VC fund that financed Facebook, Twitter, Skype & Zynga) fame.
He spit out what was mostly common sense, yet still flew in the face of what is taught in school, most text books and by most B school teachers. Here's how it went down...
1/A few common fallacies about valuation of public and private technology companies:
Google reported Thursday later afternoon and the early morning traders didn't know what to make of the numbers - with the stock gyrating up and down. The following day, CNBC's 2nd annual sitck draft stock picking contest ended. Guess what happened? For the impatient, I can put the video here...
That unpopular short Apple/long Google pair trade's still paying in spades. In addition, an hour and a half of nerd celebrity Bitcoin and crowdfuning equiy in startups.
I predicted this clearly, with loads of evidence, last spring. I even tipped the SEC/UK authorities. Tthe chickens come home to roost. Let it be known, Wall Street's margin IS my business model!!!
I go at Krugman again for speaking about something of which he seems to understand relatively little about. I actually have some help this time around, though.
UltraCoin -> PayPal -> Disintermediation -> Margin Compression -> Icahn -> Old School
Fortune Magazine front page today: Middleton sounds a bit like an 18th-century pirate striking back against the Empire when he declares that "what I'm doing right now is a direct threat to fiat merchant banking."
Bitcoin 2.0, aka Ultra Coin: Bitcoin's Derivative Layer That Allows The Virtual To Control Real ThingsSubmitted by Reggie Middleton on 01/19/2014 09:47 -0500
Basically, I'm building a more efficient financial system.
What's not to "Like"?
The Future of Money: The Dumb Dollar vs Smart, Programmable Currencies!
I know why someone who is so wrong can get so much media attention. My big question is why do so many "so-called" smart people actually believe him! We need a new, new media outlet, no?