Excellent Article by Chamath Palihapitiyia from Bloomberg.com – Why I Invested in Bitcoin

Post image for Excellent Article by Chamath Palihapitiyia from Bloomberg.com – Why I Invested in Bitcoin

“Finally, a bullish article in the MSM on Bitcoin, and not some detrimental BS about corruption etc etc etc.  Easily, one of theee best articles, I have read in the last few years following BTC, great job Chamath! (However, I would add the MF Global & PFG ‘Best’ scandals, to the mix, as well!) ” – Derek N.

30 May 2013 |  Chamath Palihapitiya | Bloomberg.com

The weeks of speculation about whether JPMorgan Chase & Co. Chairman and Chief Executive Officer Jamie Dimon would be forced to give up one of his titles has ended. I didn’t take a side in the battle, if only because I couldn’t get beyond the threshold questions: “Why does anyone even care, and why do we believe we are still beholden to people like this?”

Since the 2008 financial crisis, we have seen a massive decline in trust in the financial services industry: Lehman Brother, Bear Stearns, American International Group, the “London Whale,” Cyprus and a host of lesser scandals have prompted consumers to say one thing loud and clear: “I don’t trust you.” Or “You’re only in it for yourself.” Or “Who made you king?” Or some very reasonable variant thereof. It seems the financial services industry’s best response is, “Trust me, I went to Harvard Business School.”

The point is that this fundamental trust no longer exists; in its place, rises Bitcoin.


{ 20 trackbacks }

  • Healthy Happy Dogs March 9, 2014
  • austin website development March 11, 2014
  • Magazin online rochii de club elegante. Rochii club si rochii de seara sexy mulate si decoltate, rochii online originale Espiral frumoase si deosebite. March 13, 2014
  • Small San Antonio Title Loans March 28, 2014
  • I Need A Title Loans In Los Angeles March 29, 2014
  • الجزيرة العربية السعودية April 1, 2014
  • porn sex porno sex escort prostitution forced sex satan jesus gay homo fagot asshole scumbag dirtbag piss scatt shit shiteater pissdrinker scat lover eat shit escort sex anal sex Google owners are gay homo fagot fuck in ass asshole fuck that shit drink ur April 4, 2014
  • Discretie behang en groene verf April 7, 2014
  • carbunkle truckwhite May 29, 2014
  • sam waltonman June 11, 2014
  • cheap viagra toronto June 17, 2014
  • pharmacie andorre cialis June 20, 2014
  • iherb coupon June 20, 2014
  • buy cialis June 26, 2014
  • Best examiner June 27, 2014
  • premature ejaculation pregnancy percentage June 28, 2014
  • generique cialis en france June 28, 2014
  • Web Site July 2, 2014
  • Dr Johan Venter Urologist Pretoria urospes July 3, 2014
  • cialis 20 mg tadalafil July 3, 2014

Previous post:

Next post: