The actual quote is "Ten percent of my net worth is <i>in this space</i>", said at the "Blockchain Disruption" forum [1]. A reasonable interpretation would be that 10% of his money is in <i>blockchain companies</i>.<p>[1] <a href="http://www.hbscny.org/s/1738/cc/index2.aspx?sid=1738&gid=4&pgid=54757&cid=116461&ecid=116461&crid=0&calpgid=13&calcid=78389" rel="nofollow">http://www.hbscny.org/s/1738/cc/index2.aspx?sid=1738&gid=4&p...</a>
The people in this thread hating on crypto are missing the point.<p>Complaining that you can't go into CVS and buy something with Bitcoin right now is like complaining that all you can do with the Internet is send "electronic mail", which nobody reads, in 1990, or like complaining that Facebook is nothing but a glorified campus directory in 2006.<p>The truth is, you can't buy things with Bitcoin at CVS because the technology isn't there yet. Right now, Bitcoin is suitable to be digital gold, but with a much higher possibility of return because it's a new asset.<p>In a couple of years, the addition of the lightning network on top of the Bitcoin network will enable you to buy things at CVS.<p>Right now, buying Bitcoin is like making an angel investment.
> [Novogratz] recalls that Buterin, ... showed up late, which struck him as shocking -- and a bit ballsy. He figured it was worth paying attention to Buterin.<p>The lesson is to be impolite? I think I saw this in an episode of Silicon Valley.
Has anyone noticed the disparity between how many articles get written about btc's price, and how little gets written about its real-life uses and benefits?
"Novogratz ranked #407 in the March 2007 Forbes list of world billionaires with a net worth of $2.3 billion [...] By 2012, after the decline of Fortress' stock price, his net worth had shrunk to $500 million."<p>following the tendency, he may be a hobo right now.<p>10% of 100 bucks, probably
Not a billionaire, but also trying to keep some percentage of my net worth in cryptocurrencies. Worked great so far. 10% seems to be about right.<p>(I have much more trust in blockchain than in government retirement schemes).
I was reading his Wikipedia and apparently it was his sister who started Acumen, the non-profit VC firm: <a href="https://www.wikiwand.com/en/Acumen_(organization)" rel="nofollow">https://www.wikiwand.com/en/Acumen_(organization)</a><p>His brother has a TV show too: <a href="https://www.wikiwand.com/en/Robert_and_Cortney_Novogratz" rel="nofollow">https://www.wikiwand.com/en/Robert_and_Cortney_Novogratz</a><p>Talent runs in the family.
I'm surprised there's no mention of Dash in the comments yet. Having spent some time researching different crypto currency technologies with regards to becoming a better, decentralised payment network, Dash is (in my opinion) a far better Bitcoin.<p>It's also the first example of a functioning DAO. The organisation is funded entirely by the blockchain (new blocks reward the miner, the master nodes, and fund a treasury). It has a second network of 'master nodes', which are collateralised and incentivised to provide security and additional features to the network, including Instant Send (really fast confirmations).<p>The most impressive thing is that it's already positioned to make decisions about future changes by way of master node voting, so it doesn't suffer from the same issues Bitcoin does currently, where proposed changes have no means to be agreed and actioned quickly.<p>I'm really impressed with Dash and I hope it gets more attention.