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Google Hits All Time High As Apple Sinks Towards 2 yr Lows, plus 1.5 Hours of PURE Bitcoin analysis

Reggie Middleton's picture




 

At roughly 1:45pm today I'll be appearing on CNBC Streetsigns to take a victory lap with my team as #Google hits #ALLTIMEHIGH repeating last years win, see Reggie Middleton Goes For 2nd Win On CNBC Stock Challenge & Causes TROUBLE!!!

On a seperate note, below is one of the most informative shows for the layperson I've every heard on the topic of Bitcoin and UltraCoin. 

picsay-1391158820 picsay-1391158820

This is a very educational show put on by Kin Greenhouse of "It's Rainmaking Time". She is one of the very few who eschew the soundbite driven media economy and chooses the long format, deep dive approach. While it may be too long for ADD crowd, it digs deep into a not so simple subject to foster understanding and comprehension. This was a pretty good show with an interesting cast of guests:

  • Reggie Middleton - brash blogger, entrepenurial investor and founder of UltraCoin ZeroTrust financial contracts
  • RootEleven founder, visionary, and Bitcoin programmer Andreas Antonopolous, who will explain why Bitcoin is like "the internet for money".
  • Bitcoin trader and programmer Dave Scotese will provide deep thinking about what makes Bitcoin so important, and why the public should be involved in its development.
  • Sam Guzik, one of the most sophisticated and knowledgeable SEC lawyers regarding crowdfunding and investment, will cut through the hype, misinformation, and wrong perceptions surrounding equity crowdfunding to highlight current SEC conditions and real opportunities in the crowdfunding arena.

This show is over an hour and a half long and I don't want the contet to be avoided simply because of its length, so I have included a hyperlinked menu below to assist in navigating to the topcis of your individual interests.

 

 

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Fri, 01/31/2014 - 17:48 | 4389487 Music101
Music101's picture

Tulips, anyone?

It's a WORLD OF DEBT -- plain and simple... See the Video "WORLD OF DEBT" -- Funny!:

http://www.youtube.com/watch?v=99xsqxzJnXs

Fri, 01/31/2014 - 17:47 | 4389475 Skateboarder
Skateboarder's picture

Other ZHers have griped about it, and now it's my turn.

Stop it with the physical minting of 'bitcoin' or 'ultracoin' or 'coinye' or whatever. Your virtual currencies don't have the physical properties of matter, and trying to metaphorically represent these units in coins and assigning a visual association like a shiny, physical coin makes your case for virtual currency all the weaker. Call them what they really are - computational units, or 'qnits.'

Fri, 01/31/2014 - 17:08 | 4389304 Alpha Monkey
Alpha Monkey's picture

http://www.coindesk.com/pump-gas-for-bitcoin-in-the-us/

Someone asked to be informed when they could buy gas ("fill up my tractor") with bitcoin. Here ya go.

Fri, 01/31/2014 - 16:55 | 4389256 delivered
delivered's picture

The discussion on equity based crowd funding was a waste of time and failed to address key/critical issues such as:

- Companies looking to secure funding through crowd funding avenues are generally very small, unsophisticated, inexperienced, and lack even the basic knowledge of how to manage basic business affairs (e.g., HR, accounting, finance, marketing, pricing, compliance, etc.). Sure, let everyone with an idea step right up, pitch the concept, take in money and then attempt to actually "execute" a business plan. Good luck as most of the parties looking to secure funding have no clue how much capital is required to launch a successful business and just how difficult it is to operate/manage a business.

- The logistics involved in managing just 20 to 30 investors is difficult enough. Now multiply this by 100x with investors that are just as inexperienced and unsophisticated as the companies raising funds and this should be nothing more than a complete clusterf..k (only amplified by the SEC getting involved). One of the key concepts businesses must understand is that it is even more important to understand who you're receiving money from than how much or how quick. Wait till some of these investors get slugged a few times with inexperienced business operates to see how quickly they'll return to this platform.

- Also, let's discuss the concept of "confidentiality". Once a business presents it's idea in the crowd sourcing environment, confidentiality is basically thrown out the door. Whatever NDA or CA documentation, actual or implied, is present will be a joke when attempting to enforce (due to the time involved, costs required, etc.). Trolling and hi-jacking ideas will become commonplace, creating even more risk for investors.

I could go on about the problems being presented with this capital raising channel but the point is that just coming up with an idea and offering it to investors through this so called "transparent" means is going to end badly for a large number of parties. Sure, there will be some successes that the media and winning investors triumph. But to think that by driving new capital into businesses that don't have the experience, management, or resources to develop and execute a viable business plan in a extremely competitive global environment is at best naive, and worst, outright misleading.

These individuals were either focused on the legal issues (which is going to kill equity based crowd funding as I believe there was a reference to 600 pages of rules/regulations which is sure to grow), using Bitcoin as a tool to support crowd funding, and/or what were the moral issues involved with this tool. Actually, they are no better than the central banks around the world by implying that just throwing money at an idea or into the system will solve the problem - expand the economy, create jobs, solve social issues, etc., etc., etc. 

Trust me, I'm not bashing Bitcoin with this comment as BTC has some promise but also carries significant risks. Rather my point is that crowding funding is not a cure all to what ails the global economy (i.e., too much debt, government involvement, and central bank intervention) as it will carry significant risks to the unsuspecting, uninformed, and inexperienced. 

 

Fri, 01/31/2014 - 19:23 | 4389845 Matt
Matt's picture

I think there is a huge difference between crowdfunding with the reward being that you get the product (basically tiered pre-orders) versus crowdfunding with expectations of generating a return, which seems like a very risky idea similar to peer-to-peer lending.

Fri, 01/31/2014 - 16:53 | 4389246 Matt
Matt's picture

So, essentially, these "Zero Trust Contracts" simply move the trust from the counter-party to a (hopefully nuetral) third party. It's more like having a fully collateralized COMEX, where you must have 100% (or 200%?) of the gold on deposit to be able to sell a futures contract.

Fri, 01/31/2014 - 16:14 | 4389114 Rising Sun
Rising Sun's picture

AAPL makes high margin smart phones - FAIL (oh yes, the do more, but more than half is smart phones).

 

Google is an ad network - soon to FAIL - (oh yes, they do more, but 90% of their revenue is $10 CPC adsense/adwords)

Sat, 02/01/2014 - 15:49 | 4391669 ReactionToClose...
ReactionToClosedMinds's picture

from preceding: " ..... they do more, but 90% of their revenue is $10 CBC adsense/adwords"

that is largely correct ....... then why 2 down arrows?  is is because he is not a fan of Google .....Google is an enormously successful one-trick pony in a technology overrruning growing market area ...

most think that does justify a high value .... some do not ... you cannot deny the risk there thought!

Fri, 01/31/2014 - 16:09 | 4389095 Comte d'herblay
Comte d'herblay's picture

The JPY/USD cross has been very very good to me.

 

 

Fri, 01/31/2014 - 15:56 | 4389024 Godisanhftbot
Godisanhftbot's picture

gangsta

Fri, 01/31/2014 - 15:23 | 4388867 spooz
spooz's picture

So, Reggie, what have you got to say about Bitcoin mining pool monopolies (selfish miners) and the gaming this allows?

"Last year, a pair of Cornell computer scientists described something they called a ?selfish-mine” attack. Using a complex strategy of selectively waiting to notify the network about the blocks they’ve solved, powerful pools can game the system to earn a significantly greater share of new bitcoins than their computer power would typically allow. This trick basically leads other pools to waste time attempting to find blocks that have already been located, while the “selfish miner” reaps all the rewards."

http://www.dailydot.com/business/bitcoin-mining-pools-monopoly-rise-ghash/

Fri, 01/31/2014 - 15:45 | 4388988 TPTB_r_TBTF
TPTB_r_TBTF's picture

bitcoin is corruptable?

who woulda thunk?!

Fri, 01/31/2014 - 15:16 | 4388845 realWhiteNight123129
realWhiteNight123129's picture

Reggie you are caught in the bubble, talk to me about a stock trading at 30 cents on liquidation value, below its cash at the bank (in a decent currency Yuan) with nice cash flows (there are such stocks, you have to dig) and I will listen to you. Right now all you are saying is "My bubble is better than yours" damn right, I can teach you but I have to charge. Kelis is good looking though. Sorry to be unpleasant but I prefer when you analyze banks and insurance companies, that is your core competence. 

 

Fri, 01/31/2014 - 17:36 | 4389414 Reggie Middleton
Reggie Middleton's picture

I believe I know my core competencies better than you do.  In  addition this is banking,  so what are you talking about? 

Fri, 01/31/2014 - 15:01 | 4388775 williambanzai7
williambanzai7's picture

Fri, 01/31/2014 - 16:11 | 4389108 Groundhog Day
Groundhog Day's picture

Thank You MR Banzai,

Reggie,

Please pedal your snake oil ultracoin somewhere else you self proclaimed genius.  I can give you some credit for some of your good work but the constant "I told you so BS is just annoying".

 

Fri, 01/31/2014 - 15:49 | 4388995 TPTB_r_TBTF
TPTB_r_TBTF's picture

Tina Turner cut her hair!

And got a new bra!

Fri, 01/31/2014 - 15:02 | 4388772 mrdenis
mrdenis's picture

looks like were going to end GREEN today !!!!!!!!!!!!!!

Fri, 01/31/2014 - 14:11 | 4388614 philosophers bone
philosophers bone's picture

Reggie, please explain something to me.  If you backed Bitcoin / Ultracoin by 1 oz of gold (held in a vault and exchangeable at any time), I am assuming that it would miraculously trade around $1250 today (perhaps with a slight premium for convenience).  So, what is the Bitcoin part worth?

I can't help but think that the end game here is someone is going to come along and do the cryptocurrency thing correctly and it will work as I've described above. 

Fri, 01/31/2014 - 14:33 | 4388681 DontGive
DontGive's picture

Once uppon a time, that was kind of done..

https://www.casascius.com/

Problem is, when he flipped those coins with loaded BTC (before BTC went bannanas).. you know them 10 / 25 BTC preloaded coins are valued more now than the metal.

Before the trolls come out, I didn't say intrinsic value, so let's not get into that.

Fri, 01/31/2014 - 12:51 | 4388311 whatthecurtains
whatthecurtains's picture

"48:35 Is Bitcoin a speculative bubble? "

Nah... bubbles burst and everyone pays the price.   Bitcoin is more like a blowup doll who pops her valve when "pushed" too hard.    

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