McNamee, founder of the small traveling band dubbed Flying Other Brothers, was interviewed by Bloomberg today about the future of bitcoin and the blockchain, to which he flatly stated that it was in a bubble.
When asked about the long term viability of the cryptocurrency, McNamee said it was ‘too early to tell.’
Aside from his musical career, McNamee was an early investor in Facebook, former co founder of Silverlake Partners and now runs a small boutique hedge fund named Elevation Partners.
In related news, Fuck Token is down 8% today, reducing its market cap to just $2.3m.
The entire market cap of the cryptocurrency market, including Fuck Token, now stands at $172 billion.
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Paper currencies are good, everything else is a commodity and equals bad. Got it, flutaphone on dude.
Somehow that reminded me of the ulternate universes… the fleckenstein. What happened to that guy?
This is the dip to buy on FuckToken. Heed my words and get rich.
lolololol
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Apple still has more cash on hand. Think about that.
Think of all the decent paying jobs Apple could’ve produced here instead of slave factories in China. Now they have $300 billion in worthless cash, literally worthless.
They should start their own currency… oh wait http://www.iphoneincanada.ca/news/apples-iphone-used-as-hard-international-currency/
Yeah if you don’t mind paying 4x for everything it can be made here. Brilliant.
Jesus fucking Christ.
I said “look at the $300b in cash on Apple’s balance sheet as proof that they didn’t need to outsource overseas ” and fuck got brains moron Ace says iPhones would’ve cost 4x what they cost now.
The fact that Apple has $300b in cash is god damned proof that they don’t need slave cheap labor. Why the fuck doesn’t your mind work right?
This is highly anti-capitalist for you to say this. Not that I don’t agree and that you don’t make a valid point. But capitalist system is all about allocating capital to the best ressources in order to generate more capital ie: profit!
So now they got all this cash what should they do with it? share with their nation workers? Building a less profitable factory here instead of oversea?