Quote:
Originally Posted by steelhouse
Problem with dogecoin is soon there is going to be goatcoin, elke the talking chicken coin, queer eagle coin, ...
Quote:
Originally Posted by tokeweed
i wouldn't say they make dumb investments. it's just the nature of the game. 8 out of 10 start ups fail especially in the tech sector. ripple included. and they take this risk. but if one pays off, it's in the billions. why do they play this game in the first place. if apple computers failed in the 80's, we would say it's a "dumb" investment by mark markula. and that the concept of computers for ordinary people is.. well, dumb.
but you can't deny that the future of payments would be something like the direction ripple is taking. it could fail, but then again, it could become the standard for payments in the internet. who knows... just keep an open mind and try not to miss anything that could make you a little money. take for instance bitcoin, look at the first few pages of the bitcoin thread. they all didn't get it. i didn't too, because my mind was closed to the idea. today, btc is around 900+ at mtgox as of this writing.
and a bubble isnt a bad thing when all you want is to make a profit. trading is a zero sum game just like poker. we of all people should get this.
Results oriented isn't what I'm talking about. I'm talking about completely unfeasible dumb ideas, where the cost of figuring out its dumb is more than the risk of just throwing money and hoping to get lucky.
There are plenty of dumb ideas that get funding because a lot of VCs don't have time or ability to judge them for their merits.
VCs throw money at stuff because they don't need to be super accurate, and beyond that, many are just bad at what they do and lose money.