MasterCard Joins Visa, PayPal On The Crypto Payments Bandwagon

His point is wrong, Galaxy has 3 years of history, GS decades. By the time this bull cycle is over, I bet Galaxy will be over 20% of GS market cap. All of that in like 5 years. Plus crypto is so new, in 10 years lets check the market caps.

Also why arent they grabbing everyone out of Galaxy? If Novo is willing to speak there and teach the empty suits what crypto is all about then GS isnt grabbing their employees, period. I bet GS has plenty of moronic execs who still think crypto is all a bubble. Only after a number of legends bought btc, these empty suits decided to get into crypto custody, now they are scrambling to make up for the lost time. After getting into the top and leaving at the bottom, lol
If anyone wants to do crypto M&A or an OTC trade, they dont call GS, they call Galaxy. Good luck fighting a 3 year head start
 
His point was, GS could buy GLXY today if they really wanted to or offer more money to a potential employee that GLXY is also looking at.

Its obvious you have an agenda or dont look at things objectively if you think his point is wrong. Nothing else needs to be said at this point - you have exposed the type of person you are.
 
IamTheCasino said:
His point was, GS could buy GLXY today if they really wanted to.

Its obvious you have an agenda or dont look at things objectively if you think his point is wrong. Nothing else needs to be said at this point - you have exposed the type of person you are.
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For that Novogratz needs to sell. He owns 70% of the stock. You think he is selling for any price? My point was that GS missed the crypto boom big time, after getting in the top and leaving at the bottom. Now they are scrambling, I'm completely correct on this. You got to be braindead not to see this
 
IamTheCasino said:
His point was, GS could buy GLXY today if they really wanted to or offer more money to a potential employee that GLXY is also looking at.
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That's just you and Sig quantifying the size of GS's mistake. If they buy GLXY for $15B, thats how much their lack of vision cost them
 
Daal said:
For that Novogratz needs to sell. He owns 70% of the stock. You think he is selling for any price? My point was that GS missed the crypto boom big time, after getting in the top and leaving at the bottom. Now they are scrambling, I'm completely correct on this. You got to be braindead not to see this
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Again, when you make more than a company's market cap in a month or even a quarter it's trivial to poach that company's employees. He may not sell, but it would be pretty foolish not to sell your one trick pony with no defensible IP or real competitive advantage at the top of a bubble. Those of us who have been around for a while have watched plenty of people, some of them personal friends in my case, go from $1B on paper to "happy I made it out with a couple million" when Porters 5 forces inevitably make themselves felt. Besides, anything past about 10M doesn't change your quality of life in any appreciable way.
 
The only one here braindead is a person who thinks soliciting outside experts shows weakness.

Again you miss the point, no one said Novogratz was going to sell, the point was GS has the capital to do it if they wanted to, or stealing any employee prospect.

Lack of vision? Ya, people make mistakes all the time, you cant be right all the time in every aspect - another braindead idea coming from a person who thinks he knows it all.
 
IamTheCasino said:
The only one here braindead is a person who thinks soliciting outside experts shows weakness.

Again you miss the point, no one said Novogratz was going to sell, the point was GS has the capital to do it if they wanted to, or stealing any employee prospect.

Lack of vision? Ya, people make mistakes all the time, you cant be right all the time in every aspect - another braindead idea coming from a person who thinks he knows it all.
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While I appreciate your defense, no need to devolve into insults. @Daal is a good contributor to discussion here and we are just having a discussion about something not really terribly important, to be honest.
 
Sig said:
While I appreciate your defense, no need to devolve into insults. @Daal is a good contributor to discussion here and we are just having a discussion about something not really terribly important, to be honest.
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Yes, I agree. I guess the broder point I was trying to say is that to build a good crypto business I believe the company needs to be there for the upswings and downswings. Kinda like Coinbase, they have been there during nasty bears and big bulls. Now they are worth $80B and its really hard to compete with them on custody and other things. I bet the institutions are realizing this thing is here to stay so we wont see many coming in and them leaving because prices are down, but who knows, execs could go emotional again. But the smarter ones wont, build a business and if its all a bubble, you lost some dozens of millions, but if its not you make billions
 
Daal said:
Yes, I agree. I guess the broder point I was trying to say is that to build a good crypto business I believe the company needs to be there for the upswings and downswings. Kinda like Coinbase, they have been there during nasty bears and big bulls. Now they are worth $80B and its really hard to compete with them on custody and other things. I bet the institutions are realizing this thing is here to stay so we wont see many coming in and them leaving because prices are down, but who knows, execs could go emotional again. But the smarter ones wont, build a business and if its all a bubble, you lost some dozens of millions, but if its not you make billions
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That's a fair point.
 
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