Thanks for the update Pran Lele.  How's Mukesh doing these days?

The money some of these startups are raising is ridiculous, no proven record to make a profit, no provable business plan, not even a proof of concept

Who the hell is buying into this?

Now this is making me exited... not the announcement that Goldman Sucks  is investing $50 000 000 in Circle.

I see much more potential in Smart contracts and it provides more value than being a mere currency.

This is a clever step and a move in the right direction.  - 2 x kudo's to them and a bunch of weed. 

Because people running businesses have a lot of money and they wouldn't benefit by investing on a high price, all the movements are being done now to reap the benefits later once BTC has matured. We are still at the very early days (0.10.1 version..)

The people who buy into this do so for the same reason that venture capitalists are willing to put 20 million into random new tech startups (ie. Secret). They're basically trying to find one which will hit it big so that they make a huge amount out of it when they sell off their share. For us it looks stupid, but they have the money to throw around and they think eventually they'll hit the jackpot with a startup.

Whether probably smart contract would be a solution to alleviate concerns about possible price fluctuations ? maybe yes maybe no.