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Western Union invests in DCG (twitter.com)

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[–]ansc01[S] [スコア非表示]  (0子コメント)

WSJ article with more details

[–]BobAlison [スコア非表示]  (0子コメント)

... Then you win.

[–]Logical007 [スコア非表示]  (1子コメント)

"The actions aim to strengthen the investment company as it shifts its focus from the virtual currency bitcoin to its underlying technology, blockchain."

lol

[–]CosmicHemorroidredditor for 3 months [スコア非表示]  (0子コメント)

as it shifts its focus from the virtual currency bitcoin to its underlying technology, blockchain."

When I first read the article linked in the OP I felt Bitcoin might be doomed, but seeing your quote gives me a sense of relief.

[–]hoffmabc [スコア非表示]  (0子コメント)

So that's why Western Union had people coming to Consensus 2016.

[–]kawalgrover [スコア非表示]  (11子コメント)

Interesting... So, DCG is comprised of:

  1. Former individual(s) from the Fed.
  2. Entrenched incumbents (Western Union, NASDAQ) that will be disrupted with Bitcoin.
  3. And Gavin Andresen.

Better watch out for this "DC Group". Smells like rotten tomatoes.

[–]evoorhees [スコア非表示]  (4子コメント)

DCG is also comprised of some of the people who have helped build Bitcoin into an industry and not just a fun hobbyist project. Barry Silbert, specifically, staked his entire reputation on Bitcoin when most of Wall St. thought it was a joke. DCG has invested in more Bitcoin companies than any other person or entity in existence. Vilifying them is like salting the soil from which much of this industry has grown.

[–]CosmicHemorroidredditor for 3 months [スコア非表示]  (0子コメント)

This is the first time I'm relieved a group is more interested in Blockchain than Bitcoin.

[–]throw_awa5redditor for 5 days [スコア非表示]  (2子コメント)

Barry has also tossed a lot of good entrepreneurs to the side, because their lucrative, profit-producing businesses were too vanilla and not sexy enough. His judgment seems to be clouded by a desire to be the star of the cocktail party.

[–]ohituna [スコア非表示]  (1子コメント)

yet another paid shill posting antagonistic comments with their 3 day old reddit account.

[–]T62A [スコア非表示]  (0子コメント)

That "redditor for x days" tag should be shown in red, it's really helpful.

[–]openbit [スコア非表示]  (0子コメント)

My thoughts exactly.

[–]RaptorXP [スコア非表示]  (0子コメント)

They invested in pretty much every Bitcoin company.

[–]todu [スコア非表示]  (2子コメント)

And Gavin Andresen.

What is Gavin's role in DCG?

[–]kawalgrover [スコア非表示]  (1子コメント)

Not sure, but he's mentioned as joining the DCG in the same breath (i.e, tweet) along with Larry Summers.

[–]TweetsInCommentsBot [スコア非表示]  (0子コメント)

@barrysilbert

2016-04-28 15:01 UTC

3/ And thrilled to have join as Senior Advisors: @LHSummers (former U.S. Treasury Secretary) and @gavinandresen (former lead dev of bitcoin)

This message was created by a bot

[Contact creator][Source code]

[–]Illesac [スコア非表示]  (0子コメント)

And headed by a soulless ginger.

[–]xentagz [スコア非表示]  (0子コメント)

ACE!!

[–]flibbrMarketplace [スコア非表示]  (0子コメント)

"If you can't beat them, join them!"

[–]Lite_Coin_Guy [スコア非表示]  (0子コメント)

LOOOOOOOOOOOOOOOOOOOOOOOOL!

[–]TweetPoster [スコア非表示]  (0子コメント)

@barrysilbert:

2016-04-28 15:00:10 UTC

1/ Excited to announce new @DCGco investors: @WesternUnion, HCM (Foxconn), Gibraltar (Prudential), @OMERSVentures

dcg-insights.co

[Mistake?] [Suggestion] [FAQ] [Code] [Issues]

[–]violencequalsbad [スコア非表示]  (0子コメント)

i thought DCG was dogecoin for a minute there. had to check if it was april 1st again.

[–]SonofPegasus [スコア非表示]  (0子コメント)

This may be the first time a DCG pre-news tweet has kinda lived up to the hype...congrats!

[–]alphabatera [スコア非表示]  (0子コメント)

So..a company investing in another company that has invested in bitcoin companies, im confused..what does this mean for bitcoin? and why does WU invested in this?

[–]Bitcoin_foreverredditor for 3 months [スコア非表示]  (0子コメント)

WU investing in Bitcoin, is exactly another trojan horse like Coinbase. CAUTION!

[–]Playful12redditor for 1 month [スコア非表示]  (6子コメント)

This Silbert guy is more private blockchain than bitcoin... Yes?

[–]yoCoin [スコア非表示]  (1子コメント)

No. He's been pretty vocal that private blockchains are a distraction and that companies will end up using the Bitcoin blockchain.

[–]Playful12redditor for 1 month [スコア非表示]  (0子コメント)

... Or something similar. He said this when interviewed by regulators trying to understand blockchain. I don't think he's an advocate as much as an opportunist, and he will go wherever he can make the most profit. Just my impression. I may be wrong, but he simply does not strike me as a leader and architect in this space committed to helping humanity get beyond it's current limitations for the benefit of most people. I'd like to be proven otherwise. We need all the enlightened help we can get! Pro-Silbert vs Pro-Social. We'll see!

[–]evoorhees [スコア非表示]  (3子コメント)

Ever read the story of the Trojan Horse?

[–]throw_awa5redditor for 5 days [スコア非表示]  (0子コメント)

Barry is a vestige of an older generation, his youthful looks are deceiving. Similarly to Charlie Munger on gold, "civilized people" don't invest in Bitcoin so Barry treads with great care, often to his perceptual detriment here.

[–]BeastmodeBisky [スコア非表示]  (1子コメント)

I don't even think he's that really. From what I've seen he's pretty straightforward in his promotion of Bitcoin itself and such when he goes on the news or whatever. He's probably one of the few people who handle media and interviews extremely well in the community.

[–]CosmicHemorroidredditor for 3 months [スコア非表示]  (0子コメント)

Meh, I've also heard him say Bitcoin probably won't be around in 5-10 years.