alt Hacker NewsDid any of the blockchain initiatives ever go anywhere? I understood that's why they renamed the company to Block, but did that end up a similar rebrand to Facebook -> Meta?
Replies
daxfohl • today at 12:58 AM
I don't think so. I know a couple people that worked in TBD (the bitcoin org) and everyone said it was directionless. Eventually the CTO ~abandoned that org and took on that Goose AI project.
Scoundreller • today at 7:53 AM
The bought $170m of bitcoin at $50k a pop when their stock was $250, now it’s $67k and their stock is $67 (in after hours trading), so I guess it went pretty far in that respect.
rco8786 • today at 2:31 AM
The only thing it served was to distract Jack from building real products.
They are heavily invested in Bitcoin and still offer and improve their Bitcoin services. It’s not really “blockchain.” They’re not a crypto company. They are ideologically dedicated to Bitcoin.