marcus_of_augustus
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April 07, 2015, 07:51:18 AM

Hope I'm not disrupting the Troll Observer thread.

Anyone have an opinion on Bitreserve? They just poached a Nike exec and have a bitcoin-to-precious-metals feature that is at first glance intriguing. Looking into it, the poached exec who will be COO says he'll be surprised if bitcoin the currency exists in five years. Is this just a questionable hire for a fringe bitcoin company or what? This sentiment is voiced constantly, but not usually from within the industry.

http://fortune.com/2015/04/06/nike-cio-bitcoin/

I'm kind of surprised they haven't been shutdown or harassed by the Feds for operating an unlicensed banking operation yet.

It seems quite similar to what e-gold was doing and that guy ended up in ankle bracelets for a long time awaiting trial on some vague-sounding charges.