PYMNTS

OCTOBER 16, 2017

The ability to use an anonymous single currency to power a decentralized, permissionless distributed ledger operating over the public internet where miners compete to solve the math problems that enable the processing of transactions is a remarkable innovation. The Crypto Has No Clothes. The Need for a Balanced View.

Currencies 71

Currencies Concentration Financial Systems Investments 71

Barry Ritholtz

OCTOBER 10, 2023

They said at that moment they were selling crypto as it’s gonna replace fiat currency. And they put some Bitcoin on my phone and we walked into Palo Alto to the one coffee shop that accepted Bitcoin as currency. And so it went from a $300 million win to a $300 million loss. We’re not gonna have losses here.

Math 61

Math Profit and Loss Numbers Marketing 61

PYMNTS

DECEMBER 27, 2016

We can’t say we know what’s next for P2P lending, the CFPB or subprime borrowers — nor do we think anyone else can either — but we can tell you that how those stories unfold will make a very big difference to the shape of financial services yet to come and who will (and won’t) be included as part of the mainstream financial system.

Finance 46

Finance Profit and Loss Banking Restructuring 46

Barry Ritholtz

NOVEMBER 7, 2023

He sunk all the profits into Bitcoin, he’s levered up and borrowed money and bought Bitcoin. And he says things like Bitcoin is a flock of cyber, hornets stinging the financial system to death. The profits are very small, but Alameda’s cost of capital was very low since they were borrowing all the customer money.

Numbers 61

Numbers Profit and Loss Banking Finance 61