Mr. Morehead said his fund has been attractive because it allows investors access to Bitcoin without going to Bitcoin exchanges, the places where people buy and sell the tokens, which have been hacked many times in recent years.
So, wtf, where is this Mr. Morehead getting his Bitcoins from? And how's he paying for them? Cash? I don't care if he payes taxes or not - actually, it would be pretty badass if he wasn't - but I still don't understand who/where is selling to him at the volume he needs off-exchanges.
I'm pretty sure I hate these people. Although I admit I'm typing faster than I'm thinking. Rich people who make other rich people even richer piss me off. I wouldn't mind seeing these fools get hacked.
What makes Bitcoin, the concept, so cool is that anyone anywhere can jump in and play along. I guess it's just a universal concept that wealth begets wealth. If you have a boatload of money, you can do business with lower transaction fees. I wish that wasn't the case. Someone needs to think up a free/universal way for people to convert Bitcoins to/from USD. It really can't be that complicated.
So, wtf, where is this Mr. Morehead getting his Bitcoins from? And how's he paying for them? Cash? I don't care if he payes taxes or not - actually, it would be pretty badass if he wasn't - but I still don't understand who/where is selling to him at the volume he needs off-exchanges.
I'm pretty sure I hate these people. Although I admit I'm typing faster than I'm thinking. Rich people who make other rich people even richer piss me off. I wouldn't mind seeing these fools get hacked.
What makes Bitcoin, the concept, so cool is that anyone anywhere can jump in and play along. I guess it's just a universal concept that wealth begets wealth. If you have a boatload of money, you can do business with lower transaction fees. I wish that wasn't the case. Someone needs to think up a free/universal way for people to convert Bitcoins to/from USD. It really can't be that complicated.