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Old 08-21-2018, 11:04 PM
 
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Iím sure you have all heard of bitcoins and other cryptocurrencies. Blockchain use is becoming huge in a number of industries and not just for cryptocurrencies. Anyway Columbia University has opened up a research Center for blockchain and is partner with IBM. Research in technology often leads to students forming their own companies. In short this is the kind of academic research NYC needs more of.

https://campustechnology.com/article...-tech.aspx?m=1
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Old 08-22-2018, 02:49 AM
 
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i just hope ibm does not venture in to crypto as a business committing a lot of money . almost everything they touch turns bad for them ..they have been just awful growing their shareholders money . one failed idea after another has rewarded their share holders with about a 4% total return the last decade . their peers in the s&p 500 have returned 3x that .

i think it is a great idea what they are doing and they should stick to research and training , but they really need to not get in to this as a business venture for ibm . they already lost enough money dabbling where they shouldn't. it is like they are just plagued with bad luck. even buffett dumped 1/3 of his huge . his average cost was 170 bucks , today ibm sits in the 140's

Last edited by mathjak107; 08-22-2018 at 03:06 AM..
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Old 08-22-2018, 08:36 AM
 
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There is already Blockchain/bitcoin Center on Wall Street now let's see how it goes with Columbia.

NYC is the leader for blockchain jobs in the USA but for some reason I would rather see Chicago take the center stage for blockchain jobs in the USA. Hard to say why exactly but NYC is just a lucky duck since we are the biggest but Chicago has a more appropriate infrastructure for blockchain in this day and age.
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Old 08-22-2018, 08:56 AM
 
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Great to see universities jumping on the most overhyped technology of today! The number of use cases where blockchain makes sense over alternatives is astonishingly small.

Well, maybe they'll rename the department when the Next Big Thing comes along.
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Old 08-22-2018, 09:27 AM
 
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Quote:
Originally Posted by johnnytang24 View Post
Great to see universities jumping on the most overhyped technology of today! The number of use cases where blockchain makes sense over alternatives is astonishingly small.

Well, maybe they'll rename the department when the Next Big Thing comes along.
Riigghht

Let's just let Chicago take the helm with blockchain technology.

New Yorkers are "a little bit too slow" to understand anything futuristic.
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Old 08-23-2018, 03:48 AM
 
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the sec rejected approving etf's that invest in bitcoin .

" Similar to its rejection of the Winklevoss ETF, the SEC expressed concern about fraud and manipulation of bitcoin markets. It said that NYSE Arca, which filed the ProShares application, had not met its requirement "that a national securities exchange's rules be designed to prevent fraudulent and manipulative acts and practices. Among other things, the Exchange has offered no record evidence to demonstrate that bitcoin futures markets are 'markets of significant size.'"

"The SEC emphasized that the disapproval does not rest on an evaluation of whether bitcoin or blockchain technology has value as an innovation or investment."
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Old 08-23-2018, 05:02 AM
 
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Quote:
Originally Posted by propman-nyc View Post
Riigghht

Let's just let Chicago take the helm with blockchain technology.

New Yorkers are "a little bit too slow" to understand anything futuristic.
Maybe you can explain the huge benefits of blockchain, and all of those use cases that make it worth investing an entire department in to.
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Old 08-23-2018, 06:28 AM
 
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well at this point it is more a cult crowd but the future may be very different . 9 etf's were shot down by the sec because it is to small of a market as well as still unregulated and subject to high rates of manipulation and fraud . .
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Old 08-23-2018, 08:16 AM
 
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Quote:
Originally Posted by mathjak107 View Post
well at this point it is more a cult crowd but the future may be very different . 9 etf's were shot down by the sec because it is to small of a market as well as still unregulated and subject to high rates of manipulation and fraud . .
ETNs are getting approved overseas and in September the SEC will rule on the CBOE application for an ETF.


https://cryptoslate.com/sweden-launc...us-investors/y
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Old 08-23-2018, 11:38 AM
 
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i will dabble every so often in a quick hit with gbtc but nothing i would consider as a permanent investment . just an infrequent speculation at this point
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