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George Soros, Rockefeller Take Their Marks Before Diving Into the Cryptocurrency Pool (businessinsider.com)
john of sparta shares a report from Business Insider (Warning: source may be paywalled; alternative source): Reports of a crackdown on cryptocurrency advertisements by tech giants such as Google and Facebook as well as regulatory uncertainty in Asia and the U.S. have weighed on the coin for much of March and April. The coin is down 50% since the beginning of the year. But investors appeared to be more bullish during Sunday's trade following reports that two Wall Street icons were looking to get into the market for cryptos. More notably, the investment fund founded by billionaire George Soros is preparing to dive into cryptocurrency trading, even though Soros himself previously described them as a "bubble." Adam Fisher, who oversees global macroeconomic investing for Soros Fund Management, has gained internal approval to invest in and trade cryptocurrencies, according to a Bloomberg News report. Also, Venrock -- a venture capital firm founded by descendants of famed capitalist John D. Rockefeller -- announced it was partnering with a cryptocurrency investment firm based in Brooklyn. Fortune first reported on the partnership.
This is it.
Honestly this seems the way of the future, it is sweeping the globe. It works better than money, and it has none of the down sides of the bickerings of the international community.
There are a few down sides like being more or less completely unable to attack a country utilizing crypto currency with sanctions. The bankers and government seem to hate it for its free nature and unfettered capitalistic potential.
I like it though, only problem is, you need electrical current and a fairly powerful computer (raspberry pi roughly) in order to complete a transactions since most debit/credit cards do not deal in crypto currency (yet).
All of these are just growing pains, it is beyond obvious that it will supersede money as we know it and become a powerful global currency untethered to any politics. We have seen things like this which are just obvious as hell rising before, why do we not just admit that it should replace current currency and do it en masse, for ONCE just make the bloody transition easier and more fluid than what we always do which is bicker and drag our feet until its inevitability crushes all the other choices. I foresee people getting their hackles up, worrying, and all for nothing it is like trying to worry away a tidal wave headed towards you, it is just too big and too inevitable.
Can't control the world if you don't spread your tentacles into all forms of currency.
IT'S A SCAM!
No, it's not. You just don't understand it.
keeps us awake sometimes with terminator terror style poisonous exploding media monologue.. phewww.. cease fire stand down,, there are moms & babys all around us.. starvation, deception, wmd on credit, MANufactured 'weather' are the leading killers of us since who knows when... in the moms we trust.. our creators of origin as far as anyone can really tell.. then we were trained to be greed fear & ego based by our environmental overlords.. better days ahead.. good sports with good spirits will prevail.. intend along... thanks.. again
But introducing yet another kind of money, let alone one that is without substance insofar as its value isn't backed by a profitable industry which is the only thing that can induce real value into a currency, and even one that is devoid of every safety that conventional banks are bound to offer by law, would not really be the way to go.
And to get rid of money, we'd need to get rid of capitalism in the first place.
though Soros himself previously described them as a "bubble."
Getting involved with it does not necessarily prove it otherwise, he may just want to get his fair share of that bubble before it bursts for good.
I was not aware that there were no other coins in existence beyond bitcoin. Someone should really look into that.
"John Burbank, who shuttered his main fund last year, plans to raise $150 million for two funds investing in digital currencie"
Please be clear. Burbank is taking US Dollars for a 'Fund'. Funds take money (real actual $$$ money) and buy something with it, and take a fee for managing that something. He is not investing in crypto, you are, he is taking fees as $$ for your investment in it. He is not the idiot making the bad pseudo investment, you are.
"Soros has already been indirectly betting on crypto. The firm amassed a stake in Overstock.com in the fourth quarter, making it the third-biggest shareholder of the discount e-commerce company. In August 2017 it became the first major retailer to accept digital currencies. The company had also planned to start an exchange for cryptocurrencies as well as offer digital coins that could trade on the platform."
Again, he is not investing his money in crypto, he bought Overstock.com who in turn were planning to setup an exchange TAKING MONEY FROM IDIOTS BUYING CRYPTO. A different thing.
Don't be fooled.
Jewcoin.
George Soros is a convicted currency manipulator.
What could possibly go wrong?
But hey, he's a leftist, so it's OK.
Of course, then there's this:
Kroft: “My understanding is that you went went out, in fact, and helped in the confiscation of property from the Jews.”
Soros: “Yes, that’s right. Yes.”
Admitting to helping actual, real-world Nazis in taking property from Jews?!?!?
Yep, REAL Nazis that murdered millions and conducted genocide, not the, errr, trumped-up "progressive" "he's a NAZI!!! because he doesn't agree with my politics!" bullshit.
People like Soros and the descendants Rockefeller arent visionary, but products of their respective dynastic wealth. They benefit disproportionately from a wealth that came about to an extremely lucky subset of people once in a generation. The methods by which their fortunes were amassed arguably could only ever take place once in history.
Venrock, the venture capital company mentioned in tfa, has nothing to do with intrepid capitalists championing the helm of innovation and change and more to do with a branded venture capital firm seeking out new revenue streams, like an old dog seeking out the dinner bowl by smell.
Good people go to bed earlier.
Many people have warned U.S. law makers as well as the president of repercussions if they make any attempt to force any kind of crypto currency on people.
Comment removed based on user account deletion
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Are (any) fiat-currency and (any) cryptocurrency really equivalent, as cryptocurrency fans claim?
For example, US Dollar and Bitcoin are really equals?
Value/validity/authorization of US dollar is provided/guaranteed by US Government (and in-turn whole US Public)!
Also, not to mention, US Dollars in any US Bank is insured by US Government!
What authorization/guarantee/insurance is behind Bitcoin? Nothing!
Sorry but that is the end of discussion then!
Why do you think Satoshi Nakamoto is really hiding his identity, if Bitcoin is really such a great innovation?
He is just someone does not like media/fan attention?
Or, could it be really because Bitcoin (and all cryptocurrencies followed it) are actually Ponzi Schemes?
(So he knew very well that law enforcement would come after him sooner or later?!)
If so-called cryptocurrencies are really good innovation, why they attract so many criminals/criminal activity?
Could it really be because, all cryptocurrencies themselves are scams, and that is why they attract all kinds of criminals/criminal activity?
If so-called cryptocurrencies are really currency, why no company/store can use Bitcoin as currency anymore?
Because the price of Bitcoin proved to be extremely unstable to use as a currency?
Would the result be different, if Bitcoin replaced by any other "cryptocurrency"?
Aren't all work the same way?
Or, they are not actually virtual currency but virtual investment?
But, if they are actually investment, why we need/want them?
What would happen to world economy, if people invested in virtual investments, instead of real investments?
Or, all so-called cryptocurrencies are actually just a modified (made decentralized and paying variable interest) Ponzi Schemes?
(Price of cryptocurrencies would keep increasing in the long term (by their design), so it is equivalent of paying variable interest to all long term investors.)
As more and more people invest in cryptocurrencies, it will become harder and harder to ban their trading everywhere!
All cryptocurrencies need to be banned globally before it is too late!
Do you really think if Soros was planning to start buying cryptocurrencies, he would want everyone to know?
Wouldn't he know that many people would try to buy before him to take advantage?
I think it is much more likely that he already bought a lot before and now trying to make others buy and raise the prices, so he can dump his for better prices!
Same way they do any other transaction that is subject to tax but might bypass channels they can readily track: require you to declare your profits (or losses) from the transaction (or "investment", if you prefer) coupled with some deterrance in the form of severe sanctions (fines, jail time, etc.) for anyone who thinks they can keep their profits hidden from "the man" but fails to do so. Typically, in nations that are implementing this, the approach seems to be to class it as a form of capital gains (e.g. just like stocks, shares, etc.) and tax accordingly at similar rates. YMMV but, speaking from experience, if you're converting a large chunk of crypto currency into traditional currency and want it all above board, you can expect "the man" to take quite a large bite.
UNIX? They're not even circumcised! Savages!
This, the goal is to avoid taxation, that's why the crypto disciples are called crypto-anarchists.
It's nearly seven thousand dollars for one magical Internet coin.
Bitcoin hasn't lost; speculators have.
Does this mean Soros will be paying us in bitcoin to shitpost here now?
Of the beast. Considering the two.
Brought to you by Carl's Junior.
When people like this "get into the market," it does not mean what most retail investors think it means. They may be long, short, selling derivatives, buying derivatives, or, most likely, all of the above. They are also looking at being middle-men, making a few (more) cents on every transaction, being money changers.
Having people think it just means they are going long helps them by bringing in dumb money. Their job is to help that dumb money find its way home to where the smart money lives. "Price discovery" is a nice way to tell people "you paid too much."
It is only a way to avoid taxes or embezzle funds as pictured by people who do not know much about either and have only ever worked W2. They kinda hope that if enough people say 'no more taxes' and invest in their cryptothingie the various governments will just give up and stop collecting them or something.
I visited there once on a business trip to the area a few years ago. Impressive.
It reminded me of a few surplus stores in the Seattle area (which have all closed also);
Radar Electric
Radar' Electric's sister store Western Nut and Bolt on 1st Ave S. I spent many of my pre-teen years there walking the aisles and finding bits of things to take home and solder up into home-brew magic. Saw my first computer boards there. (mid 70s).
Alpha Plus(?) in Belltown (Seattle area by Space Needle)
Not to mention all of the really cool surplus stores that used to be all along 1st Avenue between University and Pioneer Square.
Yea, sad day to see another Surplus store close it's doors.
"round-eyes"
About five hours ago (9 April 2018 10:14 UTC), bitcoin fell off a cliff. It dropped $268.36 in 18 minutes. How can anything be a currency for use in financial transactions if it is so volatile? How can you price goods and services with such volatility?
1. Soros and Rockefeller leak "reports" that they are about to get into cryptocurrencies
2. Wait for the market to spike and short cryptocurrencies
3. Soros and Rockefeller issue official statements that cryptocurrencies are a terrible investment
4. Cryptocurrencies nose-dive and they sell their short
Soros got rich shorting a currency...
Bitcoiners must be Satanists out to destroy the planet. Just like the Waltons & their Walmart where its always cheaper to buy 4 smaller size items than 1 large item of the same total size/volume (because all that paper & plastic packaging is free right??). SATANISTS.
Here's what I'm read from the article. The fund founded (not run by George Soros but his son) has approved trading in cryptocurrency.
The Soros Fund Management venture internally approved the trading of virtual coins in the past few months. So far, no actual “big trades” have has been made, but that situation will come to change very soon.
As for Rockefeller, this was the relevant passage:
Also, Venrock — a venture capital firm founded by descendants of famed capitalist John D. Rockefeller — announced it was partnering with a cryptocurrency investment firm based in Brooklyn.
The article makes clear that the fund not run by Soros himself has only approved trading not that it has traded in cryptocurrency. It doesn't necessarily say that the fund will invest in cryptocurrency as an asset; the fund could be shorting them. As for Venrock, there are no details on what and how much investment is being made. It could be a small amount.
Well, there's spam egg sausage and spam, that's not got much spam in it.
How to make lots more money
1) Buy up a lot of Bitcoin very quietly
2) Announce that you are thinking about buying Bitcoin
3) Sell all your Bitcoin
4) Tell everyone Bitcoinis just a bubble
5) Go back to step #1
They can't tax crypto and they will give up.
I bet that if Soros infests in cryptomoney, it will not be in bitcoins. That specific bubble is already too much inflated.
it's probably a good idea to steer well cleasr.
Not only is George Soros probably the only Hitler-era NAZI collaborator who has publicly said he is proud of that part of his life and that it was a happy time for him [making him a monster of historic proportions], but he is also the man who broke the Bank of England years ago - so he has a track record of damaging a currency [and thus the lives of millions of people] for his own personal profit. There is not enough power or money in the world for this slimeball.
If you have any investments in this which uou cannot easily afford to lose then it just might be time to get out.