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Re: balistic post# 587

Saturday, 01/06/2018 9:39:39 AM

Saturday, January 06, 2018 9:39:39 AM

Post# of 4782
Outlook

It's obvious the market hasn't been impressed with the initial deal in Coinstream and buying mining hardware. I own a lot, and understand why they did the deal (helps generate near term cash flow), but the company needs to do some real Blockchain investments. Mining, in my opinion, is just a commodity business built on capital and operating efficiency. There is no IP associated with mining and there's a ton of capital being poured into it looking to make a quick return. What I invested in was the promise that the company would invest in true Blockchain startups as part of its portfolio. Mining doesn't constitute Blockchain IP.