Andreessen Horowitz Is Blowing Up The Venture Capital

[Twitter/Clubhouse/News Media?] Silicon Valley v The New York Times: Overpriced Suitcases, Insta Stories, Insular Apps and Bitcoin Bounties

Background:
What is Clubhouse?
You know all those stories of people interrupting Zoom calls by spamming the link and getting in? What if that, as a business model. It is still in private beta, has only 1500 users and yet somehow venture capitalists have $12 million invested at a $100 milion dollar valuation in this.
What is Away?
Hardcover suitcases that cost $225 and above. Hipsters seem to like it. "The brand is more than just luggage. It’s about travel." It is treated like a tech company by VCs for some godforsaken reason (it has raised $100 million at a $1.4 billion valuation), and the CEO uses a lot of Lean In rhetoric (female led, inclusive etc.)
How New York Times?
The New York Times has hired a reporter, Taylor Lorenz, specifically for "Internet Culture" i.e. HobbyDrama reporting. (No, seriously, look at the stories she gets to write. For the NYT!)
Pre-Drama Events:
In December 2019, an elaborate investigation was posted by The Verge (not the NYT, important) about the toxic work culture at Away, with the CEO, Steph Corey, calling workers brain dead and firing someone based on chat in an internal private Slack channel called #Hot-Topics "filled with LGBTQ folks and people of color" (from article).
Korey stepped down as CEO in December, with another CEO to be selected. She came back as co-CEO in January because she 'should not have fallen on the sword.'
Course of the Drama:
June 30/July 1: On an Instagram AMA, returned co-CEO Korey answered a question about "women being targeted by the media" (I presume the AMA went in that direction) by talking about media having an incentive to clickbait in the social media era that and women (like her) were targeted because women are supposed to be motherly, ambitious women like Hillary are targeted by the media, some millennial women who work in the media forgo their ethics to advance their career because old media ethics are being eroded.
The Verge investigation was done by Zoë Schiffer, a “millennial woman.”
Incensed by this, Lorenz posts the IG pics on twitter (previous link from her) and speculates that this AMA exists because of a piece on the disgracing of the “girlboss” stereotype. To recap, neither the original story, nor the Atlantic op-ed were written by her.
Techbros start sharing the same pics of the AMA as a balanced perspective.
Until this point, #bothsides, let them fight, etc.
Enter Balaji Srinivasan. Here is a pompous bio.
He starts attacking Lorenz (again, not the writer of any of the stories). Lorenz says the guy has been obsessively attacking her for quite some time on Clubhouse gussied up public Webex calls (in tweets after the linked tweet).
Then anti-Lorenz sockpuppet accounts start being created to attack her.
An elaborate website is linked by the accounts, specifically to attack her. (Click the link, it is deranged as all hell.)
Taylor asks Ben Horowitz (of multi-billion dollar Andreessen Horowitz, where Balaji has worked before) to get him to stop. Gets blocked.
Then the Andreessen Horowitz batch have a conversation on Clubhouse Discord without texting with Lorenz. After Taylor leaves, (this part leaked to Vice, so you can go listen) Ben Horowitz’ wife, Felicia says that Taylor is playing the “woman card to defend herself.” Balaji implies that she may be “afraid of a brown man.”
And then the conversations ascend:
”the entire tech press was complicit in covering up the threat of COVID-19,”
relying on the press is “outsourcing your information supply chain to folks who are disaligned with you,”
”Media corporations are not the free press, any more than chain restaurants are food “
“why does press have a right to investigate private companies, let the market decide, I don’t understand who gives them that right” (Note: Probably from another conversation by some CEO)
Also something about Github, VC funding and Blockchains being a better model for journalism. (Bitconeeeect!!)
Then Vice reports on it.
Tech media rallies around Taylor [retweets on her twitter]. Glenn Greenwald pokes his nose and says otherwise, because Greenwald.
VCs support their own (along with MC Hammer?? because he’s also on Clubhouse the conference calls you join “for fun” app? So is Oprah???), with opinions like
I’ve never met a VC more powerful than a journalist. One can block me from accessing capital. The other has controlled the narrative / perception of my entire race for decades.
And other nuclear fucking takes retweeted by Felicia Horowitz
And Balaji?
When reached for comment, Balaji claims recording it was illegal (which, idk, haven’t seen the Terms of Service, only 1500 people can use Clubhouse the Twitch app, but you don’t have video and chat has audio)
And then he announces a $1000 bounty for memes and analysis of this event.
(paid in Bitcoin, obviously, this whole scenario is a damn meme)
This gets the creator of Ruby on Rails/Basecamp to defect to the media’s side
Aftermath? (This is a current story):
VCs (like Paul Graham) declare that the media hates them because they are losing power
Media Twitter decides VC Twitter is trying to reanimate the corpse of #GamerGate
Steph Korey, the instigator of this spiraling nonsense? Away says she has decided to step down (redux) because an employee revolt over her IG post.
(Recap: Away sells hardcases to hypebeasts. They are worth a billion because of VCs)
Balaji, rich VC guy, has memes on his timeline?
[Elon Musk has not weighed in yet, if you are curious]
submitted by runnerx4 to HobbyDrama [link] [comments]

P-REP Proposal; ICON, 20% exposure in top crypto event of 2020, reach 100+ universities/corporate partners (BETTER THAN SLICED BREAD), organized by MouseBelt.

Summary:
Event site: https://www.ri2020.io/
Event date: May 18th, 2020
P-PREP Commitment Date: April 30th, 2020
Telegram: u/markusreisner
We believe we have a strong proposition to market ICON in a meaningful way to some of the largest communities in crypto.
The MouseBelt team has the largest global network of over 100+ universities in 20+ countries. Over the last few months, 10+ university blockchain events we were working with got canceled for obvious reasons.
Due to that fact, and our understanding of our reach we decided to launch a virtual conference. Since April 10th here is what happened:
MouseBelt will invest over $70k+ into this event. We would like to have fellow P-Reps invest $20k (this will go 100% to BlockTV production cost).
The benefit to the ICON community will be:
Background:
MouseBelt is a popular blockchain ecosystem consisting of multiple parts:
MouseBelt as ICON developers:
Our engineering team has implemented token assets on ZenSports (SPORTS), the first STO on the ICON network, and GrowYourBase, the #1 IRC2 application token in market capitalization on the ICON network.
Currently, we are developing the Balanced network in concert with ICX_Station, PARROT9, and Iconosphere. Balanced will bring synthetic assets backed by ICX to the ICON network, as well as tokenized staked ICX. This can assist with both a stable asset for payments, and a base for other DeFi applications
MouseBelt as a P-Rep:
We have been a Main P-Rep most of the time since decentralization of the network and so far had utilized our funds for student education.
Such as the “ICON in a box” workshops and the Milwaukee Blockchain Conference, which we sponsored in a direct ICX payment and the second annual payment for UCLA’s blockchain engineering course.
REIMAGINE2020, Conference details:
Conferences have always been an integral part of the blockchain space to promote projects in the industry.
With recent evolutions around the globe, things have changed. They either got canceled or delayed.
We have created REIMAGINE2020, a virtual conference.
Shared by the ICON Foundation on April 18.
We can effectively and efficiently promote ICON to the world through Reiamgine2020 | BlockTV. The driving force behind the conference is: highest quality of Content matched with the best production quality for Video. The funds will allow MouseBelt to promote ICON logo/branding throughout the conference/programming for straight 72 hr of live streaming. Additionally, we have the opportunity to properly place ICON logo/branding in highly favorable on-screen placements (tickers/commercials/plugs and continuous branding) reaching 5M viewers globally. ICX Station is providing a Keynote to drive global interest.
Confirmed partners
Schedule & Format
Production Status
Audience
In addition to the communities of our confirmed partners and universities we are targeting:
1. Viewers - Tuning into the livestream, attending a workshop, or watching the content post-conference.
2. Participants - Speakers, partners, and sponsors
3. As far as hard data for "attendees" we have two signals:
submitted by patrickMouse to helloicon [link] [comments]

Weekly news review (June 15-21)

Weekly news review (June 15-21)
How have you been? I guess it's time to deep dive into last week's news.
https://preview.redd.it/5xpcv035pg631.jpg?width=1200&format=pjpg&auto=webp&s=f12701a105d42b008c5c9079cbd91f5ff67a9d32

The deceased owner of the now-defunct Canadian crypto exchange QuadrigaCX was allegedly transferring user funds off the exchange and using them as a security for his own margin trading on other platforms.
“Significant volumes of Cryptocurrency were transferred off Platform outside Quadriga to competitor exchanges into personal accounts controlled by Mr. Cotten. It appears that User Cryptocurrency was traded on these exchanges and in some circumstances used as security for a margin trading account established by Mr. Cotten.”
In addition, Cotten reportedly created fake “identified” accounts on Quadriga under multiple aliases “into which unsupported Deposits were deposited and used to trade within the platform.” This, Ernst & Young, states, resulted in “inflated revenue figures, artificial trades with Users and ultimately the withdrawal of Cryptocurrency deposited by Users.”

Russian hackers, not North Korean, may be the bad actors behind probably the biggest ever theft from a cryptocurrency exchange.
Japanese newspaper Asahi Shimbun reports Monday that virus variants known to be linked to Russian hackers have been found on employee computers at the Tokyo-based Coincheck exchange.
According to the report, the malware found at the exchange had been emailed to employees and included types called Mokes and Netwire, which allow malicious distributors to gain access to victims’ machines and operate them remotely. Mokes apparently first appeared on a Russian bulletin board in 2011, while Netwire has been around for 12 years.

Social media giant Facebook has released the white paper for its long-awaited cryptocurrency and blockchain-based financial infrastructure project on June 18.
According to the paper, Facebook’s global stablecoin, dubbed “libra,” will operate on the native and scalable Libra blockchain, and be backed by a reserve of assets ostensibly “designed to give it intrinsic value” and mitigate volatility fluctuations.
The new cryptocurrency will be governed by a not-for-profit, Switzerland-based consortium — the “Libra Association” — which counts Mastercard, PayPal, Visa, Stripe, eBay, Coinbase, Andreessen Horowitz and Uber among its founding members.
Facebook ostensibly plans to expand the association to around 100 members by the time of Libra’s launch in the first half of 2020.

Bitcoin’s price has set another new high for 2019, reaching $9,599 before retracing slightly to end Thursday’s trading.
The move to fresh 2019 highs comes after the bitcoin price dropped to as low as $8,919 on June 18 before a surge of buying pressure pushed prices back above $9,000 within the same day.

Visa, Mastercard, PayPal, and Uber are all backing Facebook’s new cryptocurrency, according to a new report.
The Wall Street Journal reported Thursday that the social media giant has signed on more than a dozen backers for its GlobalCoin cryptocurrency, a stablecoin that has been developed in secrecy for more than six months. Each of the new backers will invest roughly $10 million in the project as part of a governing consortium for the cryptocurrency.

Let us know what you think!
submitted by rokkex to Rokkex [link] [comments]

Significant people of The Crypto World

Significant people of The Crypto World
The cryptocurrency and blockchain spheres are less than 10 years old, but in this industry, thanks to the incredible speed of change, there are already “people-legends” that nobody knew about yesterday, and tomorrow the whole world will speak.
In this article, we will continue our acquaintance with crypto geniuses, which would eventually become more and more.
So who are the great minds of the virtual world?

Brock Pierce — from gamer to millionaire

https://preview.redd.it/cpg7ccxq1dm31.jpg?width=960&format=pjpg&auto=webp&s=ce5d1f4cc2ff52aea425c68056d89c3d6f9b543e
Brock Pierce met cryptocurrencies through entertainment. In the 2000s, Pierce, being an avid gamer, founded one of the largest gaming companies selling virtual assets. Involvement in virtual currencies led Pierce into the world of the blockchain at the very beginning. He was fascinated by the potential of Bitcoin, so he decided to leave the gaming industry and start looking for, founding and financing cryptocurrency companies — Mastercoin, Blockchain Capital, Coinbase, Ethereum, Tether, Bitfury and now Block. one. Brock donated $1 billion to a decentralized autonomous community, which is created on the basis of the EOS platform.

Preethi Kasireddy — An engineer with a big heart

https://preview.redd.it/84dtgmis1dm31.jpg?width=1280&format=pjpg&auto=webp&s=6b1a450a6d689acce9c2dd5ef3690fb67923d83b
Meet Preethi Kasireddy — blockchain engineer and former associate of CoinBase, Goldman Sachs and Andreessen Horowitz. In 2012, Preethi graduated from the University of Southern California, gaining knowledge in the field of industrial and system engineering. Today, Preethi Kasireddy, as the founder and CEO of TruStory, is creating a company that introduces and develops blockchain technologies. In her free time, Preethi does volunteer work. For example, Preethi was actively helping to raise funds in Los Angeles to educate low-income children in India. Also, she teaches a full course “WEB development for schoolchildren”. Preethi says she lives and breathes the idea of ​​a crypto.

Roger Ver — “Bitcoin Jesus”

https://preview.redd.it/s3bvu81w1dm31.jpg?width=4000&format=pjpg&auto=webp&s=99660eb5ce334b35c948b6b21a5bdc44009f0b99
Roger Ver was one of the first investors in Bitcoin startups and financially helped several projects such as Blockchain. info and BitPay.
Roger first met Bitcoin while listening to the radio program. Later, when dealing with media representatives, Roger Ver said that he had not left his house for more than 7 days after that and was looking for any available information about this cryptocurrency. At that moment Roger realized that this virtual currency is the best form of financial resources that ever existed in the world. The desire to gain knowledge about Bitcoin led to a lack of sleep, because of which Roger Ver’s friend had to take the young entrepreneur to the hospital.
The entrepreneur has invested his own funds in a huge number of different projects related to Bitcoin virtual currency, including Blockchain. info, BitPay, Ripple and many others. Roger Ver’s total financial investment was approximately $1 million.
Communicating with media representatives, Roger Ver said that Bitcoin will meet many obstacles on its path, but it will be able to improve the quality of all people’s lives in the world. He also added that he does not care enough about short-term changes in the rate of this virtual currency.

Andreas Antonopoulos — Bitcoin Guru

https://preview.redd.it/jb2at1ey1dm31.jpg?width=722&format=pjpg&auto=webp&s=8eacbcfeda54dbdac4fa7159ec9c6b6b9db36a9d

Andreas Antonopoulos is one of the world’s most famous Bitcoin and blockchain experts. He is a very popular speaker and he is interested not only in the investment side of technology, but also in the educational, political, cultural and human components.
In 2014, Andreas was invited to the post of lecturer at the University of Nicosia, the first university in the world, where people can receive a master’s degree in digital currencies. Today Antonopoulos works in the Committee for Supervision of Bitcoin on the Chicago Mercantile Exchange. Today Antonopoulos works the Oversight Committee for the Bitcoin Reference Rate at the Chicago Mercantile Exchange.
Andreas has published many famous bestsellers about cryptocurrency. In particular, in 2014, Antonopoulos wrote the book “Mastering Bitcoin”.
Andreas emphasizes that he is not very interested in the spread of Bitcoin in developed Western countries. He is more fascinated by the idea that you can use Bitcoin in Kenya, Lagos or Nigeria with an old Nokia, and people who have never had access to banking services will be able to join the global economy this way.

Winklevoss brothers — the first Bitcoin billionaires

https://preview.redd.it/hqtmc7w02dm31.jpg?width=1140&format=pjpg&auto=webp&s=b040bc864281973444df43b19aaf843d2c08eb64
The first in the world billionaires who earned a fortune on Bitcoins were American twin brothers Cameron and Taylor Winklevoss. The state of the brothers is estimated at 100 thousand Bitcoins, which is equivalent to 1.17 billion dollars.
Well-known entrepreneurs and Bitcoin-enthusiasts, the Winklevoss brothers build two Bitcoin companies and own 1% of all Bitcoins already mined. As said Tyler Winklevoss, “We eat, sleep, breathe Bitcoin.”
Winklevoss deliberately do not sell cryptocurrency, indicating the long-term investment. Bitcoin they call the “improved version of gold”.

There are many amazing people in the Crypto World and we will keep telling you about the most vivid and interesting ones. Some have distinguished themselves by contributing to the development of the industry, others have managed to make good money and promote blockchain technology. Without these people, we would never know about such great innovations as blockchain and cryptocurrency, which is the future of our world.

Feel free to follow our updates and news on Twitter, Facebook, Telegram and BitcoinTalk. Read what the customers say about SimpleSwap on Trustpilot. Don’t hesitate to contact us with any questions you may have via [[email protected]](mailto:[email protected]).
submitted by SimpleSwapExchange to ethtrader [link] [comments]

Significant people of The Crypto World

Significant people of The Crypto World
The cryptocurrency and blockchain spheres are less than 10 years old, but in this industry, thanks to the incredible speed of change, there are already “people-legends” that nobody knew about yesterday, and tomorrow the whole world will speak.In this article, we will continue our acquaintance with crypto geniuses, which would eventually become more and more.So who are the great minds of the virtual world?

Brock Pierce — from gamer to millionaire

https://preview.redd.it/4z8wy8sztrl31.jpg?width=960&format=pjpg&auto=webp&s=03cbdc2c9cd3e2557adfa5bd07b51d7d7a3c2385
Brock Pierce met cryptocurrencies through entertainment. In the 2000s, Pierce, being an avid gamer, founded one of the largest gaming companies selling virtual assets. Involvement in virtual currencies led Pierce into the world of the blockchain at the very beginning. He was fascinated by the potential of Bitcoin, so he decided to leave the gaming industry and start looking for, founding and financing cryptocurrency companies — Mastercoin, Blockchain Capital, Coinbase, Ethereum, Tether, Bitfury and now Block.one. Brock donated $1 billion to a decentralized autonomous community, which is created on the basis of the EOS platform.

Preethi Kasireddy — An engineer with a big heart

https://preview.redd.it/awljtyepvrl31.jpg?width=1280&format=pjpg&auto=webp&s=6869c5cc3a562e396bc4290734fbf2b4a77132c8
Meet Preethi Kasireddy — blockchain engineer and former associate of CoinBase, Goldman Sachs and Andreessen Horowitz. In 2012, Preethi graduated from the University of Southern California, gaining knowledge in the field of industrial and system engineering. Today, Preethi Kasireddy, as the founder and CEO of TruStory, is creating a company that introduces and develops blockchain technologies. In her free time, Preethi does volunteer work. For example, Preethi was actively helping to raise funds in Los Angeles to educate low-income children in India. Also, she teaches a full course “WEB development for schoolchildren”. Preethi says she lives and breathes the idea of ​​a crypto.

Roger Ver — “Bitcoin Jesus”

https://preview.redd.it/rowhubztvrl31.jpg?width=4000&format=pjpg&auto=webp&s=c8b18a72553db98286da1eb81827fdcc9e54d9f7
Roger Ver was one of the first investors in Bitcoin startups and financially helped several projects such as Blockchain.info and BitPay.
Roger first met Bitcoin while listening to the radio program. Later, when dealing with media representatives, Roger Ver said that he had not left his house for more than 7 days after that and was looking for any available information about this cryptocurrency. At that moment Roger realized that this virtual currency is the best form of financial resources that ever existed in the world. The desire to gain knowledge about Bitcoin led to a lack of sleep, because of which Roger Ver’s friend had to take the young entrepreneur to the hospital.
The entrepreneur has invested his own funds in a huge number of different projects related to Bitcoin virtual currency, including Blockchain.info, BitPay, Ripple and many others. Roger Ver’s total financial investment was approximately $1 million.
Communicating with media representatives, Roger Ver said that Bitcoin will meet many obstacles on its path, but it will be able to improve the quality of all people’s lives in the world. He also added that he does not care enough about short-term changes in the rate of this virtual currency.

Andreas Antonopoulos — Bitcoin Guru

https://preview.redd.it/wkx2fbp3wrl31.jpg?width=722&format=pjpg&auto=webp&s=23337858437d4b9ca4a03556ff79e45b20e2a764
Andreas Antonopoulos is one of the world’s most famous Bitcoin and blockchain experts. He is a very popular speaker and he is interested not only in the investment side of technology, but also in the educational, political, cultural and human components.
In 2014, Andreas was invited to the post of lecturer at the University of Nicosia, the first university in the world, where people can receive a master’s degree in digital currencies. Today Antonopoulos works in the Committee for Supervision of Bitcoin on the Chicago Mercantile Exchange.Today Antonopoulos works the Oversight Committee for the Bitcoin Reference Rate at the Chicago Mercantile Exchange.
Andreas has published many famous bestsellers about cryptocurrency. In particular, in 2014, Antonopoulos wrote the book “Mastering Bitcoin”.
Andreas emphasizes that he is not very interested in the spread of Bitcoin in developed Western countries. He is more fascinated by the idea that you can use Bitcoin in Kenya, Lagos or Nigeria with an old Nokia, and people who have never had access to banking services will be able to join the global economy this way.

Winklevoss brothers — the first Bitcoin billionaires

https://preview.redd.it/angh5onbwrl31.jpg?width=1140&format=pjpg&auto=webp&s=de90beb0a064f66c5ce5381529869624a8a163d9
The first in the world billionaires who earned a fortune on Bitcoins were American twin brothers Cameron and Taylor Winklevoss. The state of the brothers is estimated at 100 thousand Bitcoins, which is equivalent to 1.17 billion dollars.
Well-known entrepreneurs and Bitcoin-enthusiasts, the Winklevoss brothers build two Bitcoin companies and own 1% of all Bitcoins already mined. As said Tyler Winklevoss, “We eat, sleep, breathe Bitcoin.”
Winklevoss deliberately do not sell cryptocurrency, indicating the long-term investment. Bitcoin they call the “improved version of gold”.

There are many amazing people in the Crypto World and we will keep telling you about the most vivid and interesting ones. Some have distinguished themselves by contributing to the development of the industry, others have managed to make good money and promote blockchain technology. Without these people, we would never know about such great innovations as blockchain and cryptocurrency, which is the future of our world.


Feel free to follow our updates and news on Twitter, Facebook, Telegram and BitcoinTalk.
Read what the customers say about SimpleSwap on Trustpilot.
Don’t hesitate to contact us with any questions you may have via [[email protected]](mailto:[email protected]).
submitted by SimpleSwapExchange to Cryptocurrency_Daily [link] [comments]

Significant people of The Crypto World

The cryptocurrency and blockchain spheres are less than 10 years old, but in this industry, thanks to the incredible speed of change, there are already “people-legends” that nobody knew about yesterday, and tomorrow the whole world will speak.In this article, we will continue our acquaintance with crypto geniuses, which would eventually become more and more.So who are the great minds of the virtual world?

Brock Pierce — from gamer to millionaire

https://preview.redd.it/iv2hqlopzrl31.jpg?width=960&format=pjpg&auto=webp&s=af75f42cee1fb10f6ce24813f3109232a075d829
Brock Pierce met cryptocurrencies through entertainment. In the 2000s, Pierce, being an avid gamer, founded one of the largest gaming companies selling virtual assets. Involvement in virtual currencies led Pierce into the world of the blockchain at the very beginning. He was fascinated by the potential of Bitcoin, so he decided to leave the gaming industry and start looking for, founding and financing cryptocurrency companies — Mastercoin, Blockchain Capital, Coinbase, Ethereum, Tether, Bitfury and now Block.one. Brock donated $1 billion to a decentralized autonomous community, which is created on the basis of the EOS platform.

Preethi Kasireddy — An engineer with a big heart

https://preview.redd.it/2g97la2tzrl31.jpg?width=1280&format=pjpg&auto=webp&s=6813f4b926bccd930dd11a32d4844a9f0a0aceca
Meet Preethi Kasireddy — blockchain engineer and former associate of CoinBase, Goldman Sachs and Andreessen Horowitz. In 2012, Preethi graduated from the University of Southern California, gaining knowledge in the field of industrial and system engineering. Today, Preethi Kasireddy, as the founder and CEO of TruStory, is creating a company that introduces and develops blockchain technologies. In her free time, Preethi does volunteer work. For example, Preethi was actively helping to raise funds in Los Angeles to educate low-income children in India. Also, she teaches a full course “WEB development for schoolchildren”. Preethi says she lives and breathes the idea of ​​a crypto.

Roger Ver — “Bitcoin Jesus”

https://preview.redd.it/0ompex8vzrl31.jpg?width=4000&format=pjpg&auto=webp&s=a2140091e53728136c9c9e4672e034cb735d83ec
Roger Ver was one of the first investors in Bitcoin startups and financially helped several projects such as Blockchain.info and BitPay.
Roger first met Bitcoin while listening to the radio program. Later, when dealing with media representatives, Roger Ver said that he had not left his house for more than 7 days after that and was looking for any available information about this cryptocurrency. At that moment Roger realized that this virtual currency is the best form of financial resources that ever existed in the world. The desire to gain knowledge about Bitcoin led to a lack of sleep, because of which Roger Ver’s friend had to take the young entrepreneur to the hospital.
The entrepreneur has invested his own funds in a huge number of different projects related to Bitcoin virtual currency, including Blockchain.info, BitPay, Ripple and many others. Roger Ver’s total financial investment was approximately $1 million.
Communicating with media representatives, Roger Ver said that Bitcoin will meet many obstacles on its path, but it will be able to improve the quality of all people’s lives in the world. He also added that he does not care enough about short-term changes in the rate of this virtual currency.

Andreas Antonopoulos — Bitcoin Guru

https://preview.redd.it/djpi38yyzrl31.jpg?width=722&format=pjpg&auto=webp&s=b76f8a39296daf1f9fcc0892fbbba0adc72350ab
Andreas Antonopoulos is one of the world’s most famous Bitcoin and blockchain experts. He is a very popular speaker and he is interested not only in the investment side of technology, but also in the educational, political, cultural and human components.
In 2014, Andreas was invited to the post of lecturer at the University of Nicosia, the first university in the world, where people can receive a master’s degree in digital currencies. Today Antonopoulos works in the Committee for Supervision of Bitcoin on the Chicago Mercantile Exchange.Today Antonopoulos works the Oversight Committee for the Bitcoin Reference Rate at the Chicago Mercantile Exchange.
Andreas has published many famous bestsellers about cryptocurrency. In particular, in 2014, Antonopoulos wrote the book “Mastering Bitcoin”.
Andreas emphasizes that he is not very interested in the spread of Bitcoin in developed Western countries. He is more fascinated by the idea that you can use Bitcoin in Kenya, Lagos or Nigeria with an old Nokia, and people who have never had access to banking services will be able to join the global economy this way.

Winklevoss brothers — the first Bitcoin billionaires

https://preview.redd.it/ld93kqo20sl31.jpg?width=1140&format=pjpg&auto=webp&s=15874723d1c67e5166aab9a83571b4b261f67b1f
The first in the world billionaires who earned a fortune on Bitcoins were American twin brothers Cameron and Taylor Winklevoss. The state of the brothers is estimated at 100 thousand Bitcoins, which is equivalent to 1.17 billion dollars.
Well-known entrepreneurs and Bitcoin-enthusiasts, the Winklevoss brothers build two Bitcoin companies and own 1% of all Bitcoins already mined. As said Tyler Winklevoss, “We eat, sleep, breathe Bitcoin.”
Winklevoss deliberately do not sell cryptocurrency, indicating the long-term investment. Bitcoin they call the “improved version of gold”.

There are many amazing people in the Crypto World and we will keep telling you about the most vivid and interesting ones. Some have distinguished themselves by contributing to the development of the industry, others have managed to make good money and promote blockchain technology. Without these people, we would never know about such great innovations as blockchain and cryptocurrency, which is the future of our world.


Feel free to follow our updates and news on Twitter, Facebook, Telegram and BitcoinTalk. Read what the customers say about SimpleSwap on Trustpilot. Don’t hesitate to contact us with any questions you may have via [[email protected]](mailto:[email protected]).
submitted by SimpleSwapExchange to Crypto_General [link] [comments]

Significant people of The Crypto World

The cryptocurrency and blockchain spheres are less than 10 years old, but in this industry, thanks to the incredible speed of change, there are already “people-legends” that nobody knew about yesterday, and tomorrow the whole world will speak.
In this article, we will continue our acquaintance with crypto geniuses, which would eventually become more and more.
So who are the great minds of the virtual world?

Brock Pierce — from gamer to millionaire

Brock Pierce met cryptocurrencies through entertainment. In the 2000s, Pierce, being an avid gamer, founded one of the largest gaming companies selling virtual assets. Involvement in virtual currencies led Pierce into the world of the blockchain at the very beginning. He was fascinated by the potential of Bitcoin, so he decided to leave the gaming industry and start looking for, founding and financing cryptocurrency companies — Mastercoin, Blockchain Capital, Coinbase, Ethereum, Tether, Bitfury and now Block. one. Brock donated $1 billion to a decentralized autonomous community, which is created on the basis of the EOS platform.

Preethi Kasireddy — An engineer with a big heart

Meet Preethi Kasireddy — blockchain engineer and former associate of CoinBase, Goldman Sachs and Andreessen Horowitz. In 2012, Preethi graduated from the University of Southern California, gaining knowledge in the field of industrial and system engineering. Today, Preethi Kasireddy, as the founder and CEO of TruStory, is creating a company that introduces and develops blockchain technologies. In her free time, Preethi does volunteer work. For example, Preethi was actively helping to raise funds in Los Angeles to educate low-income children in India. Also, she teaches a full course “WEB development for schoolchildren”. Preethi says she lives and breathes the idea of ​​a crypto.

Roger Ver — “Bitcoin Jesus”

Roger Ver was one of the first investors in Bitcoin startups and financially helped several projects such as Blockchain. info and BitPay.
Roger first met Bitcoin while listening to the radio program. Later, when dealing with media representatives, Roger Ver said that he had not left his house for more than 7 days after that and was looking for any available information about this cryptocurrency. At that moment Roger realized that this virtual currency is the best form of financial resources that ever existed in the world. The desire to gain knowledge about Bitcoin led to a lack of sleep, because of which Roger Ver’s friend had to take the young entrepreneur to the hospital.
The entrepreneur has invested his own funds in a huge number of different projects related to Bitcoin virtual currency, including Blockchain. info, BitPay, Ripple and many others. Roger Ver’s total financial investment was approximately $1 million.
Communicating with media representatives, Roger Ver said that Bitcoin will meet many obstacles on its path, but it will be able to improve the quality of all people’s lives in the world. He also added that he does not care enough about short-term changes in the rate of this virtual currency.

Andreas Antonopoulos — Bitcoin Guru

Andreas Antonopoulos is one of the world’s most famous Bitcoin and blockchain experts. He is a very popular speaker and he is interested not only in the investment side of technology, but also in the educational, political, cultural and human components.
In 2014, Andreas was invited to the post of lecturer at the University of Nicosia, the first university in the world, where people can receive a master’s degree in digital currencies. Today Antonopoulos works in the Committee for Supervision of Bitcoin on the Chicago Mercantile Exchange. Today Antonopoulos works the Oversight Committee for the Bitcoin Reference Rate at the Chicago Mercantile Exchange.
Andreas has published many famous bestsellers about cryptocurrency. In particular, in 2014, Antonopoulos wrote the book “Mastering Bitcoin”.
Andreas emphasizes that he is not very interested in the spread of Bitcoin in developed Western countries. He is more fascinated by the idea that you can use Bitcoin in Kenya, Lagos or Nigeria with an old Nokia, and people who have never had access to banking services will be able to join the global economy this way.

Winklevoss brothers — the first Bitcoin billionaires

The first in the world billionaires who earned a fortune on Bitcoins were American twin brothers Cameron and Taylor Winklevoss. The state of the brothers is estimated at 100 thousand Bitcoins, which is equivalent to 1.17 billion dollars.
Well-known entrepreneurs and Bitcoin-enthusiasts, the Winklevoss brothers build two Bitcoin companies and own 1% of all Bitcoins already mined. As said Tyler Winklevoss, “We eat, sleep, breathe Bitcoin.”
Winklevoss deliberately do not sell cryptocurrency, indicating the long-term investment. Bitcoin they call the “improved version of gold”.

There are many amazing people in the Crypto World and we will keep telling you about the most vivid and interesting ones. Some have distinguished themselves by contributing to the development of the industry, others have managed to make good money and promote blockchain technology. Without these people, we would never know about such great innovations as blockchain and cryptocurrency, which is the future of our world.


Feel free to follow our updates and news on Twitter, Facebook, Telegram and BitcoinTalk. Read what the customers say about SimpleSwap on Trustpilot. Don’t hesitate to contact us with any questions you may have via [[email protected]](mailto:[email protected]).
submitted by SimpleSwapExchange to CoinBase [link] [comments]

List of Scott's most influential twitter followers

It seems like Scott/SSC has gotten much more mainstream recognition over the past year, so I was curious to know who the most influential SSC readers are now. Using twitter follower data for this isn't perfect (follower count is not a perfect proxy for influence, not all SSC readers follow the twitter account, etc.), but it's the best I could think of and I figured it would be a fun exercise regardless.
As an aside, a few interesting stats I learned about Scott's twitter followers (scraped on 12/30/17):
  1. Scott is followed by exactly two members of Congress: Justin Amash (Republican) and Jim Himes (Democrat)
  2. Scott has 351 bluecheck followers
  3. Of the top 100 most-followed followers, the gender breakdown (by my count) is 82 men vs 8 women (along with 10 organization or anonymous accounts). Among the top 50, it's 43 men and 1 woman (Liv Boeree)
  4. 385 followers (2% of the total) have bios including either "bitcoin", "ethereum", "crypto" or "blockchain"
  5. There are 67 followers whose bios include either "@Google", "@ Google", "at Google", or "Googler"
Note: When constructing the top 100 below, I excluded accounts that had extremely large Following counts, since I wanted the list to just consist of (likely) actual SSC readers. My exact rule was to exclude any account that follows >20K, include any that follows <10K, and include accounts in the 10K-20K range iff their following/follower ratio was less than 10% (this last condition was mostly just because I wanted to keep @pmarca on the list).
Anyway, below is the top 100. I also constructed lists for Eliezer, Robin Hanson, and gwern, and I can post those in the comments if anyone's interested.
Ranking Twitter Name Full Name Bio Bluecheck Follower Count Following Count
1 @NateSilver538 Nate Silver Editor-in-Chief, @FiveThirtyEight. Author, The Signal and the Noise (http://amzn.to/QdyFYV). Sports/politics/food geek. 1 2860782 1051
2 @ezraklein Ezra Klein Founder and editor-at-large, http://Vox.com. Come work with us! http://bit.ly/1ToAmQ8 1 2277052 1112
3 @timoreilly Tim O'Reilly Founder and CEO, O'Reilly Media. Watching the alpha geeks, sharing their stories, helping the future unfold. 1 1988716 1829
4 @paulg Paul Graham 1 1066366 322
5 @SamHarrisOrg Sam Harris Author of The End of Faith, The Moral Landscape, Waking Up, and other bestselling books published in over 20 languages. Host of the Waking Up… 1 974855 229
6 @techreview MIT Tech Review MIT Technology Review equips its audiences with the intelligence to understand a world shaped by technology. 1 794095 3367
7 @pmarca Marc Andreessen 1 672740 16319
8 @cdixon Chris Dixon programming, philosophy, history, internet, startups, investing 1 572260 3320
9 @RealTimeWWII WW2 Tweets from 1939 I livetweet the 2nd World War, as it happened on this day in 1939 & for 6 years to come (2nd time around). Created by Alwyn Collinson,… 0 516803 459
10 @VitalikButerin Vitalik Buterin See https://about.me/vitalik_buterin 1 458582 154
11 @Tribeca Tribeca Great stories from the greatest storytellers. 1 409581 18678
12 @bhorowitz Ben Horowitz Author of Ben's Blog (http://www.bhorowitz.com) and HarperBusiness book, THE HARD THING ABOUT HARD THINGS http://www.amazon.com/Hard-Thing-About-Things-Building-ebook/dp/B00DQ845EA/ref=sr_1_1… 1 405820 255
13 @mattyglesias Matthew Yglesias Fake news. Bad takes. Dad jokes. We’re actually on the Bad Place. 1 372341 754
14 @naval Naval Present. 0 339469 478
15 @SwiftOnSecurity SwiftOnSecurity I make stupid jokes, talk systems security, https://DecentSecurity.com + http://GotPhish.com, write Scifi, sysadmin, & use Oxford commas. Sprezzatura. 0 211672 7530
16 @alexismadrigal Alexis C. Madrigal staff writer @TheAtlantic in the real world, these just people with ideas Mexican, Oakland, Earthseed 1 203540 5682
17 @ScottAdamsSays Scott Adams Win Bigly: http://amzn.to/2myAGon 1 202042 788
18 @Khanoisseur Adam Khan Majordomo; Stuff at @Google @Twitter @SpaceX @Apple Exposing Trump https://www.gofundme.com/VolunteerJournalism… *Turn notifications on for breaking Trump… 0 183964 9359
19 @felixsalmon Felix Salmon Host and editor, Cause & Effect 1 180414 1832
20 @fmanjoo Farhad Manjoo (feat. Drake) NYT. DMs are open. signal: 4156836738. [email protected]. Instagram/Snapchat: fmanjoo 1 167592 4095
21 @VsauceTwo Vsauce2 Being Human. personal twitter: @kevleeb 0 151795 279
22 @russian_market Russian Market Swiss Financial Blogger. In Bitcoin we trust. 1 148866 939
23 @AaronDayAtlas Aaron Day CEO @Salucorp, Chairman @stark_360. #entrepreneur #btc #blockchain #healthcare #paleo #tech #dad Former candidate for #USSenate #ENTJ 0 133389 2075
24 @justinamash Justin Amash I defend #liberty and explain every vote at http://facebook.com/justinamash • 'Laws must be general, equal, and certain.' —F.A. Hayek 1 131997 5376
25 @Liv_Boeree Liv Boeree Poker player & Team Pokerstars Pro. Physics creature. Aspiring rationalist. Mountain goat. [email protected] 1 125366 451
26 @MaxCRoser Max Roser Researcher @UniOfOxford – Follow me for data visualizations of long-term trends of living standards – mostly from my web publication: http://www.OurWorldinData.org 1 114045 583
27 @Jonathan_Blow Jonathan Blow Game designer of Braid and The Witness. Partner in IndieFund. 0 112827 68
28 @andrewchen Andrew Chen Growth: @uber. Writer: http://andrewchen.co. Plus one: @briannekimmel 0 111077 6288
29 @charlescwcooke Charles C. W. Cooke Editor of National Review Online. Classical liberal. Immigrant. Jack’s Dad. Wino. ‘The American is the Englishman left to himself.’ 1 110071 872
30 @AlanEyre1 Alan Eyre Diplomat, U.S. State Dept, Energy Resources Bureau. Middle East/Asia Energy; ایران. RT doesn't =endorsement; 'likes' don't necessarily=likes, often… 1 106947 3514
31 @karpathy Andrej Karpathy Director of AI at Tesla. Previously a Research Scientist at OpenAI, and CS PhD student at Stanford. I like to train Deep Neural Nets on large datasets. 1 106643 445
32 @JamesADamore James Damore Nerd centrist interested in open discussions and improving the world by fixing perverse incentive structures. Author of the pro-diversity … 1 94580 210
33 @SherwoodStrauss Ethan Strauss Podcasting 1 88258 1204
34 @james_clear James Clear Author, weightlifter and travel photographer in 25+ countries. Over 400,000 people subscribe to my weekly newsletter on how to build better habits. 1 87968 218
35 @nk from the future Wealth and personal achievement expert 0 81712 591
36 @benthompson Ben Thompson AuthoFounder of @stratechery. Host of @exponentfm. @notechben for sports. @monkbent on other networks. Home on the Internet. 1 78746 1267
37 @matthewherper Matthew Herper Forbes reporter covering science and medicine 1 78698 2111
38 @JeremyCMorgan Jeremy Morgan Tech Blogger, Hacker, Pluralsight Author, and Volunteer Firefighter. Once held the world record for being the youngest person alive 0 78601 7365
39 @balajis Balaji S. Srinivasan CEO (http://Earn.com) and Board Partner (@a16z). I hear this Bitcoin thing might be kind of a big deal. You can reach me at http://earn.com/balajis. 1 70707 2936
40 @patrickc Patrick Collison Fallibilist, optimist. Stripe CEO. 1 68709 1875
41 @matthew_d_green Matthew Green I teach cryptography at Johns Hopkins. 0 68434 594
42 @delong Brad DeLong 🖖🏻 I'm trying to be smart, knowledgable, funny, and well-wishing. You try too--at least 2 of 4. Low volume: 1+ per day... 0 67968 1578
43 @flantz Frank Lantz game designer 0 66090 278
44 @MYSTIQUEWEST MYSTIQUE NYC The Mystique Gentlemen’s Strip Club offers the best in adult entertainment in New York City. With unique stage design, full bars and the most beautiful dancers. 0 64881 332
45 @AceofSpadesHQ TheOne&OnlyExpert I'm not #TheExpert, or the expert parodying #TheExpert. I'm the real expert. 0 64872 1464
46 @btaylor Bret Taylor President, Chief Product Officer of @Salesforce. Previously CEO Quip, CTO Facebook, CEO FriendFeed, co-creator Google Maps. Stanford fan, @Twitter… 1 64829 687
47 @wycats Yehuda Katz Tilde Co-Founder, OSS enthusiast and world traveler. 1 63933 849
48 @jahimes Jim Himes Connecticut Congressman. Reader. Runner. Swimmer. And I make maple syrup. 1 62820 411
49 @abnormalreturns Tadas Viskanta Financial Educator, Author and Editor of Abnormal Returns. 0 61693 413
50 @BrendanNyhan Brendan Nyhan @Dartmouth political science professor, @UpshotNYT contributor, and @BrightLineWatch co-organizer. Before: @CJR / Spinsanity / All the President'… 1 61508 6149
51 @matt_levine Matt Levine da, wo Menschen arbeiten, wird es immer Fehler geben 1 61314 990
52 @BretWeinstein Bret Weinstein Professor in Exile If we don't harness evolution, it will harness us. 1 61049 536
53 @gaberivera Gabe Rivera Blame me for @Techmeme and @mediagazer. Nicer than my tweets. Often sarcastic. DMs are open. 2+2â‰5. Retweets are endorphins. 1 59927 5599
54 @SarahTheHaider Sarah Haider Promotes free-speech, human rights, liberalism, atheism. Director of Outreach,Ex-Muslims of North America. Pakistani by birth, American by… 0 59574 292
55 @TheInfinite_T ✨Infinite_T✨ NSFW Send GoogleWallet to [email protected] pls send all your tokens to http://mfc.im/infinite_t/t Wishlist: http://a.co/8taURYD 0 59061 645
56 @cblatts Chris Blattman Political economist studying conflict, crime, and poverty, and @UChicago Professor @HarrisPolicy and @PearsonInst. I blog at … 0 57670 2445
57 @jamestaranto James Taranto Editorial Features Editor, in charge of @WSJ op-ed pages. Best of the Web columnist 2000-17. 1 56733 174
58 @nitashatiku Nitasha Tiku Senior writer @Wired covering Silicon Valley [email protected], DM for Signal 1 56133 4327
59 @DKThomp Derek Thompson Writer at @TheAtlantic. Author of HIT MAKERS. Talker on NPR's @hereandnow. Economics of work and play. derek[at]theatlantic[dot]com 1 53387 1116
60 @aliamjadrizvi Ali A. Rizvi Pakistani-Canadian author of The Atheist Muslim (SMP/Macmillan). Amazon order link below. Co-host of @SecularJihadist podcast. Contact:… 1 52806 784
61 @RameshPonnuru Ramesh Ponnuru @NRO, @BV, @AEI, @CBS. Husband of @aprilponnuru. 1 51721 613
62 @JYuter Rabbi Josh Yuter "For my thoughts are not your thoughts, neither are your ways my ways" Is. 55:8. Jewish stuff + bad jokes. All opinions subject to change. 1 50731 2599
63 @meganphelps Megan Phelps-Roper “You're just a human being, my dear, sweet child.” Speaking requests: [email protected] Contact: [email protected] 1 49678 792
64 @albertwenger Albert Wenger VC at http://usv.com 1 49107 1794
65 @paulbloomatyale Paul Bloom Psychologist who studies and writes about human nature—including morality, pleasure, and religion 1 48579 391
66 @conor64 Conor Friedersdorf Staff writer at The Atlantic, founding editor of The Best of Journalism–subscribe here: https://www.ponyexpress.io/subscribe/thebestofjournalism… 1 46977 1405
67 @EricRWeinstein Eric Weinstein Managing director @ Thiel Capital. Some assembly required. Spelling not included. May contain math. Tweets are my own. 1 46263 850
68 @adamdangelo Adam D'Angelo CEO of Quora 1 45545 526
69 @robbystarbuck Robby Starbuck Director + Producer + Founder at RSM Creative - Husband to @imatriarch - Dad to 3 Kids + 2 Dogs - Futurist - Cuban American - Fan of Civilized Debate 1 45308 1842
70 @clairlemon Claire Lehmann Principle before affiliation. Founder, editor http://quillette.com. Contact me at http://earn.com/clairelehmann 1 45305 2000
71 @tombennett71 Tom Bennett Director of researchED- https://researched.org.uk Chair of @educationgovuk Behaviour group. Free training available here http://www.tombennetttraining.co.uk 1 43859 3698
72 @m2jr Mike Maples The woods are lovely, dark and deep, But I have promises to keep,And miles to go before I sleep,And miles to go before I sleep.-Robert Frost 0 43629 3915
73 @DavidDidau David Didau Education writer and speaker. Ginger. #PsychBook OUT NOW! https://goo.gl/xyDIjO; #WrongBook still available: http://amzn.to/1Opyach 0 43531 1092
74 @ByronTau Byron Tau congress et al. for @wsj. interested in law, lobbying, nat'l security, investigations, gov't ethics and . contact me securely: http://bit.ly/2s2HTfG 1 43026 2699
75 @MichaelKitces MichaelKitces One nerd’s perspective on the financial planning world… CFP, #LifelongLearner, Entrepreneur-In-Denial, Advisor #FinTech, & publisher of the Nerd’s Eye View blog 1 42304 459
76 @rahulkapil Rahul Kapil Come to observe. Stay to play. 0 41987 975
77 @michaelbatnick Irrelevant Investor Long-distance reader 0 41620 1076
78 @yegg Gabriel Weinberg CEO & Founder, @DuckDuckGo. Co-author, Traction. I want to publish zines and rage against machines. DM for Signal. 1 39470 151
79 @Jesse_Livermore Jesse Livermore Trader, Speculator, Bucketeer 0 39190 4459
80 @iconominet ICONOMI Digital Assets Management Platform for the Decentralised Economy 0 39030 1942
81 @IKucukparlak İlker Küçükparlak Psikiyatrist http://ihtisastramvayi.com 0 38018 757
82 @vdare Virginia Dare The Twitter account for the editors of VDARE. Featured at the 2016 Republican National Convention 0 37723 4429
83 @juliagalef Julia Galef SF-based writer & speaker focused on reasoning, judgment, and the future of humanity. Host of the Rationally Speaking podcast (@rspodcast) 1 37530 340
84 @nicknotned Nick Denton Internet publisher 1 36708 2524
85 @JeremyMcLellan Jeremy McLellan Standup Comedian, Papist-in-training, biryani extremist, alleged member of the Muslim Cousinhood, US ambassador to the Pindi Boyz, spy pigeon trainer 1 36253 1538
86 @collision John Collison Co-founder of @stripe. 0 35995 1290
87 @narcissawright ♕ Narcissa fledgling seer 1 35375 1266
88 @panzer Matthew Panzarino Editor-in-Chief, TechCrunch. Telecom stories killed: 0. PGP Key https://keybase.io/panzer 1 35162 2902
89 @EconTalker Russell Roberts How Adam Smith Can Change Your Life (http://amzn.to/1o72lYh), EconTalk host, econ novelist, co-creator of Keynes/Hayek rap videos, http://www.wonderfulloaf.org/ 0 34611 669
90 @nktpnd Ankit Panda Senior Editor @Diplomat_APAC in NYC. Thinking/writing/speaking on global security, politics, and economics. Via @WilsonSchool. Views mine & RTâ‰â€¦ 1 34041 995
91 @Official_Quame Kwame A. A Opoku Futurist• Global Business Speaker, Founder @fobaglobal, @wefestafrica, @ideafactorylive • CEO Mary&Mary LLC • Entrepreneur • Tedx Speaker •Influencer 0 33924 3526
92 @dylanmatt Dylan Matthews I know, I know, I don't like me either. Retweets are proposals of marriage. 1 33262 5579
93 @Jonnymagic00 Jon Finkel I'm a magic player who also manages a hedge fund. http://en.wikipedia.org/wiki/Jon_Finkel 0 33234 284
94 @Heminator Mark Hemingway "After all these years of professional experience, why can’t I write good?" Senior Writer @WeeklyStandard. Husband of @MZHemingway. 1 33034 4877
95 @sweenzor Onson Sweemey 0 32044 5288
96 @PhilosophersEye Philosopher's Eye Philosophy updates, pop culture, fun stuff, and links to resources from the Wiley Blackwell Philosophy Team. 0 31931 6503
97 @VladZamfir Vlad Zamfir Absurdist, troll. 0 31764 418
98 @m_clem Michael Clemens Fellow @[email protected]_bonn. My views only. Assoc. Editor @JPopEcon & @WorldDevJournal. Author of @WallsofNations, coming in 2018.… 1 31746 3650
99 @RudyHavenstein Rudolf E. Havenstein ReichsBank®President 1908-1923; Central Bank consultant. 'My way of joking is to tell the truth' - GB Shaw. Tweets solely for my own amusemen… 0 31115 1293
100 @tikhon Tikhon Bernstam CEO & Founder of Parse (YC S'11, acquired by Facebook for $85M in 2013). Founder @Scribd (YC S'06). @ycombinator alum. 0 31030 5184
submitted by disumbrationist to slatestarcodex [link] [comments]

The truth behind Ripple and XRP.

Cryptocurrency is hot right now and according to many in Cryptoland, prices will skyrocket 'to the moon'. It went so well for XRP that it even surpassed ETH. It was therefore the best performing crypto of 2017, with an increase of 36,000%. But if you're being critical, you should wonder whether this increase is justified.
In the first four years of Ripple's existence, she received a total of $ 93.6 million from, among others, Andreessen Horowitz, Google Ventures and VCs. These companies usually invest in companies such as Uber or Facebook. It seems that they see potential in Ripple, the question is only: why?
Ripple has certainly proven herself in her early history. Ripple also works with more than 100 different financial institutions today. Everything at Ripple seems perfect at first glance, but this is not the case, and there's two reasons for that:
If we think of Ripple, we often think of the cryptocoin XRP. Nothing is less true though, because Ripple is completely separate from XRP, which often causes confusion. Ripple has created its own crypto coin - XRP - in order to be able to deliver products (more easily) to its customers.
Ripple is a company. Ripple gives banks the opportunity to send money (cheaper and with less risk) across borders. Ripple uses the Ripple network for this, as well as the Ripple blockchain, but not XRP.
In addition, they help banks to improve liquidity when trading in the emerging markets. This is the only Ripple product that actually uses XRP. There is a new product on schedule for 2018, but this will also not use the XRP token.
Ripple currently cooperates with over a 100 companies. They all make use of the opportunity to transfer money from A to B cheaper and therefore no XRP is needed. Only ONE cooperation partner uses XRP.
This means that all the good news that caused people to buy XRP is actually completely unrelated to XRP, because it the news has to do with Ripple as a company. For Ripple, it does not matter which product the customer purchases.
What Ripple actually does as a company is to improve the banking sector. And Ripple is not the only company that deals with this.
When investing in cryptocurrencies, it is always important to look at the degree of disruption. This means: can this product also be put on the market without the use of a blockchain or cryptotics? With Ripple this is possible, which means that the degree of disruption is relatively low. Bitcoin is a disruptor. Without the blockchain technology, Peer-2-Peer transactions were not possible.
The R3 consortium does exactly the same as ripple. In total, 70 of the largest banks in the world are busy optimizing the movement of money from A to B. The reason you probably did not hear about this, is because they effectuate this without the use of cryptocurreny.
The well-known SWIFT transactions are in fact nothing more than what Ripple does. When they start their own blockchain they can basically sweep Ripple off the map.
When we consider all this, the recent increase in demand for Ripple tokens seems unjustified. The only one who has become particularly rich in the price increase is the company itself. Despite this, we receive daily questions on this subreddit about purchasing XRP.
I'm not saying that you shouldn't invest in XRP. Just, please, don't follow the masses blindly but do your own research before you invest in XRP.
submitted by lamedudese to Ripple [link] [comments]

The Future Of Blockchain: Fintech 50 2019

The Future Of Blockchain: Fintech 50 2019
As the price of bitcoin collapsed last year from a high of $19,000 to less than $4,000, skepticism fell over many other applications of blockchain, the technology that powers most cryptocurrencies by recording transactions without a central authority.
Much of the hype surrounding promises that sounded too good to be true is dissipating as reality and regulations set in. What remains however, are proven teams, flush with cash from mainstream investors, and increasingly, actual revenue.
Going forward, the blockchain selections from this year’s Forbes Fintech 50 2019 picks will undoubtedly form some unusual alliances as they evolve past competing against other blockchain startups, to competing in mainstream finance against long-established players.
Axoni co-fonders Greg and Jeff Schvey.AXONI
Axoni
New York City
Using blockchain-based smart contracts to overhaul the back office of the world’s biggest derivative markets. Its distributed ledger will allow counterparties to see payments, calculations and other vital trade information in real time, improving efficiency and lowering risk. Already partnering with world’s biggest banks and financial intermediaries.
Funding: $59 million from Goldman Sachs, JPMorgan and others
Bona fides: It is currently putting the $10 trillion credit derivative market onto smart contracts working with DTCC and a steering committee of 15 of world’s biggest banks. It’s already settling foreign exchange trades using the blockchain.
Cofounders: CEO Greg Schvey, 32 and CTO Jeff Schvey, 33. The brothers also cofounded TradeBlock, which provides institutional trading tools for cryptocurrency

Bitfury CEO Valery VavilovBITFURY
Bitfury
Amsterdam
This full-service blockchain firm expanded from its roots providing bitcoin mining hardware to launch its own blockchain, plus software designed to help U.S. law-enforcement and others investigate illicit activity using bitcoin.
Funding: More than $150 million from Korelya Capital, Macquarie Capital, Dentsu & others.
Latest valuation: $1 billion plus
Bona fides: $500 million in revenue in 2018
Cofounder & CEO: Valery Vavilov, 39, a Latvian-trained computer scientist.

Circle co-founders Sean Neville and Jeremy AllaireCIRCLE INTERNET FINANCIAL
Circle
Boston
Crypto finance giant Circle last year entered the exchange business with the purchase of Poloniex and now offers services for cryptocurrency trading, investing and payments. Last October partnered with Coinbase to launch USDC stablecoin — a crypto asset using the Ethereum blockchain and backed by U.S. dollars.
Funding: $246 million from IDG Capital, Bitmain, Breyer Capital, Goldman Sachs and others.
Latest valuation: $3 billion
Bona fides: 8 million customers from more than 100 countries; USDC has a $335 million in recent market value, making it recently among the 20 most valuable cryptos..
Cofounder & CEO: Jeremy Allaire, 47, previously founded publicly traded Brightcove online video platform

Coinbase CEO Brian ArmstrongCOINBASE
Coinbase
San Francisco
Expanding beyond its roots as a bitcoin wallet and retail exchange, Coinbase now offers cryptocurrency custody, professional and institutional trading platforms, and an institutional trading platform. Last year bought Earn.com, a service where users pay in bitcoin to contact experts via email, for a reported $100 million.
Funding: $525 million from Tiger Global Management, Andreessen Horowitz, YC Continuity & others. Latest valuation: $8 billion
Bona fides: The most heavily funded startup in crypto; has opened 25 million wallets for customers.
Cofounder & CEO: Brian Armstrong, 36, whose Coinbase holdings make him a billionaire.

Tyler Winklevoss, chief financial officer and co-founder of Gemini Trust Company LLC, right, and Cameron Winklevoss, chief executive officer and co-founder.© 2016 BLOOMBERG FINANCE LP
Gemini
New York City
Founded by twin brothers Tyler and Cameron Winklevoss, the Gemini cryptocurrency exchange is licensed as a New York trust company, making it a qualified custodian and a fiduciary under New York Law. Now licensed to do business in 49 states, Gemini is leading the fight for an SEC approved bitcoin ETF, and launched the Virtual Commodities Association to promote cryptocurrency industry self-regulation.
Funding: Winklevoss Capital Management, wholly owned by Tyler and Cameron
Bona fides: Employs 200 people and just moved to a new 50,000 square foot office
Cofounder & CEO: Tyler Winklevoss, 37, a former Olympic rower

Brad Garlinghouse, chief executive officer of Ripple Labs Inc.© 2018 BLOOMBERG FINANCE LP
Ripple
San Francisco
Its blockchain based global settlements network aims to replace SWIFT, the interbank messaging platform that has long connected nearly every bank in the world. Ripple has also launched a service that lets companies make cross-border payments in XRP, the cryptocurrency created by its founders, which was recently second to Bitcoin in value.
Funding: $94 million from IDG Capital, SBI Investment, Santander InnoVentures & others.
Latest valuation: $5 billion
Bona fides: 200 RippleNet customers, including Bank of America and American Express
Cofounders: Jed McCaleb, Chris Larsen and Arthur Britto
CEO: Brad Garlinghouse, 48, former president of AOL
For full Forbes Fintech 50 2019 coverage, see:
Full list of the Fintech 50 2019
The Future Of Personal Finance: Fintech 50 2019
The Future Of Lending: Fintech 50 2019
The Future Of Real Estate: Fintech 50 2019
The Future Of Investing: Fintech 50 2019
The Future Of Payments: Fintech 50 2019
The Future Of Wall Street: Fintech 50 2019
Fintech 50 2019: The Newcomers
The 10 Biggest Fintech Companies In America 2019
Ryan Williams, 30, Started A Revolutionary $800M Fintech. But Can He Escape His Kushner-Trump Connection?
A 29-Year-Old Dominican Immigrant Is Teaching Fintech Startups How Real People Relate To Money
This Startup Is Creating A Real-Time Data Map Of The Global Economy. BlackRock And PayPal Are Buying It
submitted by dForceProtocol to u/dForceProtocol [link] [comments]

What’s On Crypto – News Week In Review | April 8th to 16th

32,000 Indians signed a petition against the ban on cryptocurrency. On Thursday, April 5, the central bank of India decided to ban transactions with crypto-currencies: financial institutions are obliged to stop the activity related to crypto-currencies for three months. On the same day, India’s crypto community compiled a petition addressing its central bank and prime minister, calling not to stifle the developing technology, but to create a legislative framework that would allow it to develop and exert a beneficial influence on the country’s economy. To date, more than 32,000 Indians signed a petition on change.org. Authors of the document draw attention to the fact that local crypto-exchange exchanges try to strictly adhere to established norms and many are already strengthening the standards of KYC. Also, the petition mentions the Central Bank’s plan to issue its own cryptocurrency. The protesters noted that the current CEO of Microsoft and Google are of Indian origin and, under a favourable environment, could create local Internet companies, hinting that the next generation of “technical geniuses” could go their way. Similar risks were also appealed to by Chinese crypto-entrepreneur, criticizing the prohibitive policies of his country and saying that China might miss the “new Amazon”.
Earlier, in December, a petition to protest the announced restrictions amounted to the citizens of South Korea, and recently it became known that the Tax Administration, Ministry of Justice and the country’s financial regulators are discussing the possibility to lift the ban on the holding of the ICO. The mayor of Seoul noted, that after “terrible resistance” from the side of society, the government “seriously thought about” possible loosening.
The Shanghai police interrupted the blocking conference. On Thursday, April 12, China had to host the Global Fintech & Blockchain China Summit 2018. However, around noon local time, the police interrupted morning session, ordering all participants and organizers to leave the event. The official reasons for the intervention are currently being specified, but according to the assumptions that appeared in the media and the Chinese social network Weibo, an ICO project was announced in the conference program, the investors of which lost a lot of money. They filed a complaint with the police. The organizing company, PTP International, denied these rumors, saying that the event was in full compliance with Chinese laws: “We are still investigating the reasons for the suspension, and at the moment the police refers to the security threat. We are thinking about possible compensation for the participants in the meeting. The conference was held in accordance with the Chinese regulations and did not include any ICO presentations, “PTP International said.
The Golem computing platform has launched the core network. Golem, who collected 820,000 airs during the ICO in 2016 ($ 8.2 million at that time and about $ 340 million today), two years later presented a beta version of the main network, which in white paper isdescribed as “Copper Golem” – the first phase of the project. In the current format, a service based on the Ethereum block system allows computers to “rent” the unused energy of the CPU and create computer-generated images (CGIs) using the Blender software (including animation, visual effects, interactive 3D applications and video games). The interface directly associated with Blender allows you to purchase processing power for the Golem-GNT token.
This release of the “Copper Golem” is designed to test the work of technology in real market conditions for real money. Golem software connects the providers of computing power with “customers” and sends small tasks to the provider, which will later be merged into P2P networks and presented as a single image, explains Golem CEO Julian Zavistovsky. In 2016 Golem represented one of the first generations of Ethereum-applications: “To underestimate the complexity of what we want to create is typical for software development in general, and especially for the blockbuster,” Zavistovsky says, explaining the protracted work on the project. According to white paper, the following, more progressive versions should be “Clay Golem”, “Stone Golem” and “Iron Golem”. Simultaneously with the release of the main network, the team announced the launch of a bounty program that will encourage developers to report on detected bugs.
Gemini launches trading blocks for bitcoin and ether and can introduce a patented system that increases the security of transactions. On Thursday, at 9:30 am North American Eastern Time, the currency exchange, owned by the bitcoin-billionaires of the Winklevoss brothers, launched trading in blocks for the two leading crypto-currencies. The new option is designed primarily for institutional investors: the minimum threshold is 10 bitcoins and 100 airs. Bidding blocks are designed to provide an “additional source of liquidity”, allowing for large transactions outside the main book of orders. Also, due to the new function, buying or selling a large amount of cryptocurrency will not have a significant impact on its rate. As explained in exchange, “any user can place an order, indicating the type of transaction (purchase or sale), the amount, the minimum amount of filling and price limits.” Marketmakers will receive only information about the amount of the transaction, the minimum volume and the upper limit: if they decide to execute the transaction, the block will be filled.
“In accordance with our obligations to maintain fair, transparent and regulated trading, block orders in electronic form will be instantly transferred to participating market makers, which will ensure the best execution of the transaction and setting prices for the participants of the program,” reads the website of the exchange. Also this week, Winklevoss IP, LLC received a patent to create a system that increases the security of transactions. Authors Andrew Laucius, Cem Paya and Eric Wiener describe “software for secure transaction processing in the cloud computing system”. The new development uses a combination of standard cryptographic techniques, including hash functions and digital signatures, and presumably can be applied on the Gemini exchange.
The stakes of Basecoin and Carbon have successfully completed investment rounds. Intangible Labs, the creators of the “steel coin with the algorithmic central bank” Basecoin, collected $ 125 million during the tokenail on the SAFT system from March 22 to April 3 (according to the experts’ assumptions, this particular ICO format recently attracted the SEC’s attention).
The organizers reported to the SEC on attracting this amount from 225 investors. Basecoin intends to avoid the inherent volatility of the crypto currency due to its provision with other digital assets: the oracles will monitor the prices of these assets, and the protocol should regulate the number of tokens so that the price of Basecoin remains stable. In addition to the “basecoins”, the startup is developing “basic bonds” and “basic shares” – crypto-currencies, which will support Basecoin, helping the protocol to manage the “money supply”.
The project is supported by many large funds, including Andreessen Horowitz, Pantera Capital, PolyChain Capital and Digital Currency Group. Coinbase co-founder Fred Ehrsam took Basecoin to significant projects for the ecosystem: “It is obvious to me that the developers of the crypto-industry are interested in … a stable coin, ” Ehrsam said during the Token Summit II in San Francisco. On Thursday the completion of the seed round of funding announced another project of stablcoin is Carbon, which raised $ 2 million from such funds as General Catalyst, Digital Currency Group, FirstMark Capital, Plug and Play Ventures and The Fund. Like Basecoin, Carbon rejects the Tether reinforcement model for Fiat, replacing it with algorithmic monetary policy. “If we create a mechanism that is currently used by the Federal Reserve Bank, but we will make it decentralized, we will not need to trust the central government. We can just trust the code, “explained Carbon co-founder Connor Lin. The Carbon system includes two tokens: the stebblecoin itself, whose price should be $ 1, and a “credit token” that fluctuates in value, offsetting changes in demand. When the price of stebblecoin falls, an auction is held, during which anyone can give his token, thereby reducing the money supply and raising the price, and get a “credit token” instead. Later, when the price rises above $ 1 and the offer increases, holders of “credit tokens” will receive new steebles and this entire process is fully implemented by the algorithm.
Start bitcoin cloud mining
submitted by SwitchKanun to hashflareinfo [link] [comments]

r/monero top submitters and commenters for 2017

Submissions Comments
Total 1000 42612
Rate (per day) 2.75 116.79
Unique Redditors 491 6056
Combined Score 126361 190816

Top Submitters' Top Submissions

  1. 5209 points, 43 submissions: dEBRUYNE_1
    1. [Mandatory Upgrade] Monero 0.11.0.0 "Helium Hydra" Released (354 points, 384 comments)
    2. Monero Compatible Bulletproofs (343 points, 61 comments)
    3. Monero GUI 0.11.1.0 "Helium Hydra" Released (311 points, 178 comments)
    4. A note on fees (228 points, 80 comments)
    5. Monero Core GUI Beta 1 Released (213 points, 145 comments)
    6. The GUI binaries have been finalized! (205 points, 115 comments)
    7. [MANDATORY UPGRADE] Monero 0.10.3.1 "Wolfram Warptangent" Released & Monero GUI Beta 2 Released (190 points, 127 comments)
    8. Monero GUI 0.11.1.0 "Helium Hydra" Megathread - Download links, guide on how to get started, and guides to resolve common issues (missing a transaction / zero balance, freezing / buggy GUI, transaction stuck as pending, and GUI using all bandwidth) (187 points, 189 comments)
    9. [Seeks Funding] Moneromooo full time coding, January-March (179 points, 55 comments)
    10. A small note on second-layer stuff (e.g. side-chains, lightning network) (145 points, 148 comments)
  2. 2430 points, 18 submissions: SamsungGalaxyPlayer
    1. Welcome! If you're new to Monero, please take a few minutes to learn WHY Monero is different :) (313 points, 51 comments)
    2. This is the first time Monero's StackExchange has exceeded 10,000 visitors per day. Congratulations all! This community rules! (268 points, 10 comments)
    3. Disclosure of a Major Bug in CryptoNote-Based Currencies (198 points, 253 comments)
    4. I'm Disappointed (197 points, 278 comments)
    5. Monero Meetup Kit, here we come! (171 points, 21 comments)
    6. Multisig n-1/n Pulled to GitHub for Review (162 points, 33 comments)
    7. Custom Monero Hardware Wallet Updates (136 points, 54 comments)
    8. Put your money where your mouth is (123 points, 74 comments)
    9. An Unofficial Response to "An Empirical Analysis of Linkability in the Monero Blockchain" (122 points, 20 comments)
    10. Update Regarding Minimum Ringsizes (111 points, 75 comments)
  3. 2387 points, 21 submissions: Rehrar
    1. Purism Collaborates with Cryptocurrency Monero to Enable Mobile Payments (330 points, 28 comments)
    2. We up now boiz. (247 points, 74 comments)
    3. New website pretty much done, update in comments. (173 points, 67 comments)
    4. MASSIVE Website Update! (140 points, 52 comments)
    5. Don't like something? Change it. We're not doing something? Do it. Get involved! (139 points, 43 comments)
    6. How to help Monero - Why Monero? (132 points, 16 comments)
    7. ENOUGH with the BTC/BCH debate here! (125 points, 43 comments)
    8. Getmonero.org redesign! Please critique and discuss. (111 points, 81 comments)
    9. How to help Monero (part 2.5) - Rethinking Organization (99 points, 6 comments)
    10. Now that we've taken a breather, let's calmly discuss Wikipedia (99 points, 39 comments)
  4. 1979 points, 7 submissions: cslashm
    1. Ledger Hardware Wallet - Monero integration started (392 points, 135 comments)
    2. Ledger Hardware Wallet - Monero integration : some news #4 (384 points, 155 comments)
    3. Ledger Hardware Wallet - Monero integration : some news (289 points, 67 comments)
    4. Ledger Hardware Wallet - Monero integration : some news #3 (270 points, 65 comments)
    5. Ledger Hardware Wallet - Monero integration : some news #2 (231 points, 58 comments)
    6. Ledger Hardware Wallet - Monero integration : some news #5 (213 points, 102 comments)
    7. Ledger Hardware Wallet - Monero integration protocol and application specification (200 points, 108 comments)
  5. 1857 points, 17 submissions: serhack
    1. Hello world! Mastering Monero is coming soon! (270 points, 114 comments)
    2. Purism can accept Monero (220 points, 36 comments)
    3. Monero Integrations Update #8 (145 points, 81 comments)
    4. Monero Integrations Update #11 (124 points, 29 comments)
    5. Monero Integrations Updates #7 (114 points, 49 comments)
    6. Monero Integrations Update 9 (112 points, 33 comments)
    7. Envato accepted Monero WooCommerce Payment Gateway! (105 points, 17 comments)
    8. Wordpress WooCommerce Extension Released (90 points, 40 comments)
    9. Web Integrations Update: First milestone completed (86 points, 25 comments)
    10. Monero Prestashop Payment Gateway by serhack | CodeCanyon (84 points, 18 comments)
  6. 1568 points, 8 submissions: fluffyponyza
    1. Project Coral Reef: furthering mainstream adoption of Monero (756 points, 224 comments)
    2. Addressing the Monero Enterprise Alliance troll video announcement (156 points, 175 comments)
    3. Yesterday we broke 10gbps serving Monero downloads, mostly to the USA, China, Russia, & Germany (155 points, 19 comments)
    4. My wife exercised her creative flair today, and it's amazing (126 points, 23 comments)
    5. Globee's Secret Project Fundraiser / Marketing Opportunity (116 points, 140 comments)
    6. [Funding Required] Shen Noether, for work on RingCT and multisig (yay) (114 points, 39 comments)
    7. Vegas, baby! (BlackHat, DefCon) (76 points, 35 comments)
    8. fluffypony's March Conference Circuit (Mostly Europe) (69 points, 24 comments)
  7. 1526 points, 13 submissions: Bitcoinfriend
    1. Charlie Lee tells Snowden why Monero is better than Zcash (259 points, 48 comments)
    2. Monero (XMR) Rise to the Top: Banking on Privacy (235 points, 26 comments)
    3. Highly Anonymous Cryptocurrency Monero Peeks Out Of The Shadows (141 points, 8 comments)
    4. All You Need to Know About the Monero Cryptocurrency in Six Minutes (139 points, 8 comments)
    5. 40k Subs, Growth Is Noticabley Speeding Up (132 points, 15 comments)
    6. Vice.com Article About Monero (125 points, 45 comments)
    7. Monero Mentioned In Fortune Article (100 points, 24 comments)
    8. Payza Adds New Cryptocurrencies to Exchange, Including Monero (77 points, 7 comments)
    9. We Just Surpassed Litcoin! (75 points, 22 comments)
    10. Monero Cited 4 times in New Forbes Article (65 points, 23 comments)
  8. 1297 points, 9 submissions: TheFuzzStone
    1. Monero’s Multisignature Implementation Officially Enters Testing Phase (334 points, 38 comments)
    2. A London startup is launching a debit card that lets you spend bitcoin and Monero (284 points, 58 comments)
    3. ┬┴┬┴┤( ͡° ͜ʖ├┬┴┬┴ psst, wanna some mobile wallet? (139 points, 19 comments)
    4. Sup-sup Monteros! One ukrainian exchange want to add Monero! Just put some like under this post. (107 points, 22 comments)
    5. Monerujo update! (100 points, 53 comments)
    6. "Yes, we're almost done with $XMR" (c) Coinomi (97 points, 45 comments)
    7. Happy #hard_fork! (91 points, 37 comments)
    8. News from [Monero_RU Team] (82 points, 8 comments)
    9. News from [Monero_RU] (63 points, 12 comments)
  9. 1256 points, 8 submissions: isrly_eder
    1. Can we take a moment to appreciate the diligence and testing that has gone into our multisig rather than a rushed implementation? (350 points, 63 comments)
    2. It's been 8 months since we lobbied Wikileaks to accept a truly anonymous currency. They accept BTC and LTC and call bitcoin "secure and anonymous" – it's time we let them know they're putting their supporters at risk (246 points, 27 comments)
    3. Can we give a shoutout to Coinhive? They're doing some incredible things to drive monero adoption (159 points, 84 comments)
    4. Reminder that Theresa May and Emanuel Macron want to completely ban end-to-end encryption. It's only a matter of time until they target us (153 points, 51 comments)
    5. More detail on the digital currency panel in U.S. Congress tomorrow, and an introduction to "Safe Harbors" - aka how monero can be regulated without being destroyed (112 points, 32 comments)
    6. [Privacy] Telegram CEO admits that the FBI directly tried to bribe/pressure him. This is why we need decentralization. (110 points, 18 comments)
    7. In 1996, Michael Froomkin wrote an article entitled Flood Control on the Information Ocean: Living With Anonymity, Digital Cash, and Distributed Databases, in which he predicted the issues digital cash would face, and why anonymity is paramount for consumer and constitutional protection (69 points, 9 comments)
    8. Mandatory reading. The corporate data dystopia isn't sci-fi, it's already here. If anyone asks you why monero exists, send them this. (57 points, 4 comments)
  10. 1204 points, 7 submissions: CryptoCurrencyFreak
    1. I wrote this detailed guide on how to buy Monero with fiat. It uses CoinBase and GDAX with minimal fees. Hope it helps! (518 points, 143 comments)
    2. How To Use Monero Anywhere Bitcoin Is Accepted With XMR.to (162 points, 23 comments)
    3. Snowden: Monero's privacy is primariy protected by the idea of Ring Signatures, which, while a huge step up from Bitcoin, are closer to a mechanism for "plausible deniability" than the true privacy intended by the zero-knowledge proofs used by Zcash. (162 points, 119 comments)
    4. Monero Update Released: Helium Hydra, Point Release 1 (149 points, 18 comments)
    5. I created a site where you can share your own XMR Stak configurations with others. (79 points, 20 comments)
    6. Monero.how Sells For $43,600 (77 points, 23 comments)
    7. Anyone have any idea why the heavy Monero use in Mexico? (57 points, 42 comments)

Top Commenters

  1. uy88 (4177 points, 1099 comments)
  2. fluffyponyza (3588 points, 479 comments)
  3. dEBRUYNE_1 (3169 points, 859 comments)
  4. gingeropolous (2777 points, 403 comments)
  5. SamsungGalaxyPlayer (2690 points, 318 comments)
  6. snirpie (2360 points, 308 comments)
  7. ferretinjapan (2077 points, 276 comments)
  8. serhack (2062 points, 384 comments)
  9. smooth_xmr (1981 points, 336 comments)
  10. c-789 (1588 points, 184 comments)

Top Submissions

  1. Monero is here. by zigzagzig (816 points, 81 comments)
  2. 'Be Your Own Bank', A Cautionary Tale by taushet (781 points, 250 comments)
  3. Multisignature just got merged! by ErCiccione (757 points, 138 comments)
  4. Project Coral Reef: furthering mainstream adoption of Monero by fluffyponyza (756 points, 224 comments)
  5. "Privacy matters" starter pack by novawind (684 points, 116 comments)
  6. Coinbase hiring developers to work on "any digital currency you'd like". Get hired and get Monero on Coinbase! :) by msloan7 (654 points, 54 comments)
  7. John Mcafee on Info Wars - "If Bitcoin does have a serious competitor, it will be Monero" by ricolah (620 points, 195 comments)
  8. Ledger to have Monero support before end of Q1 - 2018 by marksburgunder (620 points, 67 comments)
  9. Monero is taking off, I'm looking to get IN NOW. by ScourgeDL (561 points, 125 comments)
  10. Had some fun yesterday evening restyling the Monero GUI in a dark theme. What do you think? by knueffelbund (547 points, 57 comments)

Top Comments

  1. 262 points: sorceryofthetesticle's comment in Monero is taking off, I'm looking to get IN NOW.
  2. 252 points: Mineu9999's comment in John Mcafee on Info Wars - "If Bitcoin does have a serious competitor, it will be Monero"
  3. 193 points: CapnFartfaceMcGee's comment in This will make you all laugh
  4. 193 points: john_alan's comment in US Senate Bill to Criminalize Concealed Ownership of Cryptocurrencies
  5. 185 points: mraindeer's comment in John Mcafee on Info Wars - "If Bitcoin does have a serious competitor, it will be Monero"
  6. 181 points: EricMuyser's comment in I've dumped my gold and silver. It's just Monero now.
  7. 173 points: baltsar777's comment in Invested over $1m into Monero
  8. 169 points: thereluctantpoet's comment in 'Be Your Own Bank', A Cautionary Tale
  9. 164 points: ViolentlyPeaceful's comment in Monero Privacy is NOT a crime or something to feel guilty about
  10. 161 points: TinusMars's comment in What are good examples to use when someone assumes Monero's intent is only for 'bad things/people'?
Generated with BBoe's Subreddit Stats
submitted by phloating_man to monerotalks [link] [comments]

10/19: Jeff Berwick outlines in the Dollar Vigilante the New Crypto Order including: XBT, ETH, EOS and the US$ debt transfer.

I’ve said it before and I have to say it again. I am shocked at how fast everything is moving.
When we started The Dollar Vigilante in 2010 we only wrote one issue per month and each month I’d have to think quite hard about the important issues to cover. There just wasn’t that much happening on a month to month basis.
Now, I have to literally filter through dozens of important things that have just occurred and try to select a few of them to focus on or this newsletter would be 100+ pages long.
The crypto space has become an entire topic on its own with so much happening that we are looking to bring on even more people onto the TDV team with a focus on cryptos, ICOs and trading. This will likely result in an add-on newsletter to TDV because just covering this space alone is worth 50 pages per month in research and analysis (I’ll briefly mention a number of interesting developments further below though). Stay tuned for more on that.
In the bitcoin space alone, ignoring all the other cryptos & ICOs, so much has occurred in just the last month.
The criminal Chinese government shut down three of the world’s largest exchanges and banned ICOs. JPMorgan has been attacking bitcoin as a fraud - which is laughable coming from that bunch. And the New York Agreement signatories proceeded further with the scheduled SegWit2x hard fork (which Juan Galt will cover in depth in this issue).
You’d think with all that happening and the uncertainty surrounding yet another bitcoin fork it would have seriously hurt the price of bitcoin.
Nope, bitcoin nearly doubled in the last month. Bitcoin just don’t care.
BITCOIN HITS ALL-TIME HIGHS NEAR $6,000
As I write, bitcoin is trading at $5600 after hitting a new all-time high of $5,844.18 on Sunday.
For the last three months I mentioned numerous times that I liked the short term prospects of bitcoin over the entire cryptocurrency space as a whole. And that has turned out to be correct as bitcoin has risen from a low of 37.82% dominance in the sector in June to 54.45% now.
The total market capitalization of all cryptocurrencies excluding bitcoin has fallen from $97 billion at the beginning of September to $79 billion today.
Meanwhile, bitcoin itself currently sits near $94 billion in market cap. It was only one year ago today that bitcoin had a market cap of just over $10 billion meaning it has increased nearly 1,000% in the last year in both market cap and price.
Not a bad year!
I recall many TDV subscribers lamenting how they had missed out on bitcoin after it had skyrocketed to $150 in 2013 after starting the year near $15. I said then that it was definitely not too late to get in.
The same happened after bitcoin surged through $1,000. And, I said the same, “it’s not too late.” When bitcoin hit $3,000 I said the same.
With it now near $6,000 I am telling you it is not too late. Here’s the main reason:
This is a chart of the money supply or value of gold, bitcoin, Chinese yuan, Japanese yen, euro and the US dollar.
You’ll notice one stands out as being miniscule. Bitcoin.
Gold is the next closest to bitcoin with a total value of approximately $7 trillion.
If bitcoin, which many including myself consider to be the digital version of gold were to one day be valued the same as gold it would have to rise 80x to a value, in today’s dollars, of over $450,000.
If bitcoin were ever to supplant the US dollar as a currency it’d have to rise nearly two-fold above that, for nearly $1 million per bitcoin.
Will it ever get there? Well, there is absolutely no way to know. And, if it does, it will take a long while.
Does it have the potential? Yes, absolutely. If we continue to live in a digital world and the fiat currencies of the world’s most indebted and bankrupt companies return to their intrinsic value of $0, then bitcoin would be the frontrunner to become the new world currency even more than gold due to all of its ease of use benefits.
It’s not going to get there without a fight though. And I expect nothing but volatility, crisis and chaos in the years ahead.
But consider the fact that there are only a total of 21 million bitcoins that will ever be available.
Some data shows that there are over 15 million millionaires in the world today. What if each one of them wanted to own just two bitcoins. There wouldn’t be enough.
And what if many of those millionaires begin to realize the entire fiat currency system was on the verge of collapse? The panic buying that would ensue would rise bitcoin, and to a lesser extent gold, to levels so high that sellers would eventually stop accepting fiat currencies whatsoever in exchange for bitcoin.
That’s where we could be headed.
In the meantime, though, with a rise of 1,000% in the last year a sizeable pullback is clearly possible.
Will it happen anytime soon? Truthfully, everything I am seeing says no.
Bitcoin, which once was just known by a few of us crazy people here around The Dollar Vigilante is now talked about at every level of business, banking and politics across the world… and a lot of the conversation is, “How do we get some?”
And, did I mention, the entire cryptocurrency space is moving forward at light speed.
BLOCKCHAIN TECHNOLOGY ERUPTS
Considering I was one of the only people talking about blockchain about three years ago it is incredible to see the speed in which this technology is accelerating.
Russia has flip flopped on bitcoin countless times now and has just announced it will be r eleasing its own CryptoRuble (CR). Of course, it will be nothing like bitcoin as it cannot be mined and will be issued and controlled by the Russian mafia (government). CR can be exchanged for regular Rubles at any time — however, if the holder is unable to explain the origin of the CR then a 13% extortion tax will be levied.
China may be following in Russia’s footsteps as the Director of the Digital Currency Research Institute under the People’s Bank of China hinted towards the creation of a state-backed cryptocurrency.
I expect most fiat currencies to become digital over time which will make most people accustomed to using digital currencies… from there it is only a click away to trade in or out of bitcoin and the myriad of other decentralized cryptocurrencies.
Coinshares, the issuer behind the world’s first Bitcoin Exchange Traded Note (ETN), has announced that they will be launching the world’s first Ether ETN on the Nasdaq Stockholm.
The Dubai Land Department — the government arm responsible for the registration and organization of real estate in the emirate — is now processing and implementing all real estate transactions on a blockchain, with the ultimate goal to have all Dubai properties recorded on a blockchain within the next 2-3 years.
This is one area in which I have no trouble with the government using blockchain technology: in the recording of property rights and activities. It will, over time, make government unnecessary in such activities and will enable the economy to transact with more trust and less expense in the form of lawyers.
Vitalik Buterin, the founder of Ethereum, has confirmed that 63% of central banks are working with Ethereum. Moreover, 44% of public institutions and 50,000 developers are building applications on the platform.
IBM has announced a partnership with Stellar Lumens , a blockchain-based payment processing company, to move money across borders throughout the South Pacific. Merchants and consumers will be able to send money to another country in near real-time, accelerating a payments process that typically takes days.
IBM hopes to use the blockchain network to process up to 60% of all cross-border payments in the South Pacific’s retail foreign exchange corridors by early 2018. The Stellar Lumens coin appreciated 150% after the announcement.
Basecoin, a form of stable coin, has attracted investment from some of Silicon Valley’s largest funds including 1confirmation, Andreessen Horowitz, Bain Capital Ventures, Digital Currency Group, MetaStable Capital, Pantera Capital and PolyChain Capital.
Basecoin is lauded by investors for its unique approach to what's been called the "holy grail" of cryptocurrency – a digital asset able to keep its value free from volatility. The basecoin protocol can be pegged to the value of any asset or basket of assets, dynamically adjusting its market price through the creative use of a combination of tokens.
Grid+, the blockchain-based company aiming to provide consumers with direct access to wholesale energy markets, has partnered with Tokyo Electric Power Company (TEPCO), Japan’s largest energy utility.
TEPCO aims to leverage its partnership to learn about the potential benefits of Ethereum for decentralizing the exchange of energy, while Grid+ hopes to learn how to refine its algorithms to purchase cheaper energy.
Winding Tree, a decentralized market for travel booking, has announced a partnership with Lufthansa, the largest German airline. The Winding Tree ICO starts on November 1.
And, Overstock CEO Patrick Byrne has confirmed that his security token exchange, tZERO, will be pursuing an ICO sometime before Thanksgiving. Byrne suggested that the ICO could raise as much as $500m, which would be double the record for an ICO raise.
I interviewed Patrick Byrne on Anarchast last month. You can see that here.
And, Vanuatu this month announced that it will accept bitcoin in exchange for citizenship— 44 bitcoin to be exact .
And we barely mentioned any of the ICO news. That’s a whole other area on its own.
I wanted to post this chart, though, of the main ICO’s return to date.
As can be seen, buying a small amount of certain ICOs, which have had returns of 10x, 100x and even 1,000x can be very profitable but you do need to be careful.
We’ll continue to cover them here and are increasing our research and analysis resources dramatically to do so.
UPDATE ON EOS
Speaking of ICOs we have had a rough start with EOS which unfortunately, at the moment, is on the right side (loss side) of the above chart.
Many subscribers asked me to interview Dan Larimer again and, as I always try to do, I obliged.
This interview is exclusive to subscribers for the next 48 hours and then we will put it live to the public.
Here is the video .
*This video was also livestreamed on the TDV subscribers only Facebook Group here . Due to many things happening so quickly we don’t have time to even email out alerts like this but try to post if we can in the FB group. I realize some people don’t like FBIbook for obvious reasons but even just having a sock (fake) account set-up to access the group gets you access to a lot of valuable realtime info.
To summarize, Dan believes the drop in the price of EOS isn’t due to their long ICO period but mostly attributable to the Chinese ban on ICOs. According to Dan, 50% of buying was coming from China.
I’ve seen a number of people on the internet and even amongst subscribers questioning EOS. That is fairly normal.
I was one of the only people in the world lauding bitcoin at $3 in 2011 and still to this day people say it is a scam, a ponzi scheme or a fraud. I obviously stopped listening to them a long time ago.
When I first featured Ethereum in January 2016 near $2 there was a lot of criticism… and while it did rise to the $10 level fairly quickly afterwards it plateaued there for nearly a year bringing out a lot of catcalls about how it was dead.
It wasn’t.
So, with EOS, it has gotten off to a rocky start but it is also very early stage… and I have said that. However, by the time it is launched in June the price will likely be dramatically higher. So, you can wait and pay more later when the world realizes what a huge advance it is or you can get in early and take a few lumps waiting for the market to realize its value.
Dan Larimer outlined a lot of good information on EOS in our interview but afterwards, off the record, he went into detail on many of the projects they are working on… and I can tell you, they have ‘world changing” written all over them.
The market doesn’t know or realize a lot of it. And EOS has an absolutely massive bankroll, in the hundreds of millions of dollars, to bring all their projects (which are all related to or linked with EOS) to market.
And Dan has an amazing vision. He understands what the market needs and wants - which is often a downfall of most techies - and knows how to get there.
He announced this week in the official Telegram channel that EOS will be the first blockchain with unprecedented sub-second block times of 500 milliseconds and sub-second last irreversible block (LIB) providing finality. In other words, the time between a user sending a transaction or a command and being included in the blockchain could be consistently under a second compared to 10 minutes on Bitcoin.
So, with a market capitalization of $400 million currently - and a bankroll of almost the same amount - to me this is a no brainer lottery ticket.
Sure, like any new product it may fail. But, it may also succeed… and has a good chance of doing so in my opinion. And, if it does, we’ll laugh at how cheap it currently is for the opportunity.
In other words, stick with it and if you bought earlier at higher levels look to average down.
SUMMING UP THE CRYPTO SPACE
Like I said, A LOT is going on in the crypto space. It isn’t going to go away overnight no matter how many times Peter Schiff says it will.
Make sure to stick with us here at The Dollar Vigilante, the only financial newsletter in the world that has covered bitcoin and cryptos since 2011. Still to this day most financial newsletters don’t even cover this space… or even avoid it.
Their, and their subscribers, loss. Keep this in mind with bitcoin, too. Since bitcoin was launched in 2009 it has actually been in a near-state of hyperinflation… a type of hyperinflation that was necessary in order to widely distribute the coins. That time of high inflation is nearly over just as quite a large part of the world is just waking up to bitcoin.
What happens when increased demand meets decreasing supply? I think we all know the answer to that basic economics question.
OTHER EVENTS
So many other things have happened in the last two weeks but we only have so much time and mindspace to cover it all.
I didn’t even touch on what was quite obviously a false flag in Las Vegas. All the typical 9/11 type scenarios have occurred along with a storyline from the LameStream Media and the government that make zero sense.
Insiders sold stock of MGM prior to the event? Check .
A surge in buying in ammunition starting on 9/11 leading up to the event? Check.
Eyewitness to multiple shooters dead? Check .
Predictive programming? Check… as I’ll outline here.
It is well known by many that Hollywood and the music industry are largely controlled by elites. In fact it also well known that many popular stars are used for predictive programming purposes to influence the opinions of the masses.
It appears as if country singer Jason Aldean is one of these celebrities that is being used to convey subliminal messages along with others.
As we have come to learn, many of the nefarious plots that are planned by elites are planned decades in advance if not scores of years. With that in mind, there exists an Illuminati card game that contains a “Las Vegas” card. On this card are depicted a jack and ace, something you might see in a game of black jack, along with a picture of a sun.
The game created in 1996 has predicted multiple false flags and operations carried out by the elite including the Pentagon blowing up and 9/11.
In blackjack, the jack has the value “10” the ace has the value 1 or 11. In this case, it appears the symbology used on this card is conveying that the value of this ace is “1” - A is the first letter of the alphabet and in numerology - which the elites strongly believe in - it has the value “1”.
So when you put the two values together you end up with 10/1 - the same day the Las Vegas shooting occurred. Coincidence?
Well, if that was all coincidence, which it very likely wasn’t, what’s more, is that Jason Aldean has a nearly identical tattoo that depicts a jack and ace plus his initials are also “JA” the same exact letters. Also, Aldean has a picture of a black sun in the same tattoo. Likewise, sun symbology is heavily used on Jason’s website and album cover artwork.
As many of our enlightened readers probably know, the sun is worshiped by many secret societies, perhaps most famously, the freemasons.
Remember, this game has existed for more than 20 years. So, the Las Vegas shooting has probably been years in the making.
Just take a look at what went on with MK Ultra and the history of such government operations such as Project Mockingbird. This kind of manipulation has been going on for a long time.
Another one of Jason’s tattoos is a black cross depicting a red star - a pentagram - in the center of it.
And as many people know, many of the Illuminati elites worship satan or have Luciferian beliefs of some kind.
And, I didn’t even mention the location of the event, right in front of the giant black pyramid and numerous occult symbology… I get into this in a soon to be released Anarchast episode with Mark Passio.
Just remember nothing happens by accident.
Same ol’, same ol’.
If there is one heartening thing I’ve noticed is that a lot more people are questioning these events. Ten years ago when I was adamant that 9/11 was an inside job false flag death ritual most people thought I was crazy. Now, many agree.
And now, many are questioning these events… a positive in my opinion.
CONCLUSION
What will occur in the next two weeks prior to our next issue? I think it’s a safe bet to say “lots”.
So far we have made it through September and halfway through October with no market crash. As I write the Dow we just crossed 23,000.
The number 23 is quite an occult number . Could the powers behind the scene be targeting 23,000 before a planned crash?
We’ll have to wait and see. As you’ll see below, though, Ed Bugos is not giving up on “the big short.”
I’ll be in Austin for the Texas Bitcoin Conference on October 28th and 29th. You can get a discount to the conference by using the code “Anarchast”. And then I’ll be going to Lisbon, Portugal for Steemfest from November 1st to 5th.
And, of course, don’t forget about Anarchapulco from February 15-17th, then Cryptopulco on February 18th and the TDV Internationalization & Investment Summit on February 19th!
For those mostly interested in cryptocurrency, finance and investment, Cryptopulco and the TDV Summit the next day are the events to go to.
You can check out the websites to see all the amazing speakers lined up including Trace Mayer, Roger Ver, Bruce Fenton, Dan Larimer and many, many others.
And, unlike many other conferences most of the speakers will be around the entire week, and often poolside, where you can casually chat. That also includes myself, Ed Bugos, Juan Galt, Luis Fernando Mises and the rest of the team from TDV.
Phew. So much going on… but we are happy to be one of your trusted sources to help you survive and prosper through it all.
Thank you for that! And thank you for subscribing!
Jeff Berwick
submitted by 2012ronpaul2012 to conspiracy [link] [comments]

[uncensored-r/Bitcoin] Anyone Invest in ICO's?? Which Ones?

The following post by BlockchainFanatic is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7lrrb5
The original post's content was as follows:
Anyone invest in ICO's?
I was looking at this one that has the backing of of some large VC firms, like Andreessen Horowitz for over $100 million
hypercrypcomm.yolasite com
Sounds like they have a great idea.
Any thoughts or suggestions for other places to invest??
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

12-23 23:32 - 'Anyone Invest in ICO's?? Which Ones?' (self.Bitcoin) by /u/BlockchainFanatic removed from /r/Bitcoin within 5-15min

'''
Anyone invest in ICO's?
I was looking at this one that has the backing of of some large VC firms, like Andreessen Horowitz for over $100 million
hypercrypcomm.yolasite com
Sounds like they have a great idea.
Any thoughts or suggestions for other places to invest??
'''
Anyone Invest in ICO's?? Which Ones?
Go1dfish undelete link
unreddit undelete link
Author: BlockchainFanatic
submitted by removalbot to removalbot [link] [comments]

2 slides that show how hot FinTech is right now

This is an automatic summary, original reduced by 68%.
In the UK, London's TransferWise was valued at $1 billion earlier this year in a $58 million funding round led by Andreessen Horowitz.
CB Insights, a data provider to the venture-capital industry, hosted a webinar on FinTech this week, and two slides from its presentation underline just how hot the FinTech scene is right now.
They show that funding is growing at a rate of 45% a year, with $13.7 billion invested into the sector last year alone.
The orange line represents the total number of FinTech funding deals each quarter, and that too is rising, at a rate of 16% per year.
CB Insights says the biggest areas of FinTech investment for top VCs since 2007 are the following: payments, personal finance management, lending, and bitcoin.
On this side of the Atlantic, Santander last year launched a $100 million FinTech investment fund, and Barclays sponsors a Tech Star's "Accelerator" programme for FinTech firms so it can keep an eye on what's going on.
Summary Source | FAQ | Theory | Feedback | Top five keywords: FinTech#1 year#2 fund#3 invested#4 lender#5
Post found in /realtech, /technology and /finance.
NOTICE: This thread is for discussing the submission topic only. Do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Article text: Web Pioneer Keeps Faith, and Cash, in Bitcoin

March 21, 2014 7:13 p.m. ET Internet pioneer Marc Andreessen is doubling down on bitcoin amid turbulence in the virtual-currency world, in a bet that widespread adoption of the currency will fuel the growth of new businesses and technologies.
Venture-capital firm Andreessen Horowitz, where Mr. Andreessen is a co-founder and partner, has made about $50 million of investments in the area—believed to be more than any other firm—from a $1.5 billion fund, the firm says. The Palo Alto, Calif., firm plans to invest hundreds of millions of additional dollars over the next few years from other funds, people familiar with the firm say.
Bitcoin investor and Netscape co-founder Marc Andreessen. Bloomberg News
Mr. Andreessen says he is convinced of the bright outlook for digital currencies despite setbacks such as the collapse last month of Tokyo-based Mt. Gox, one of the most prominent bitcoin exchanges, which said it lost hundreds of millions of dollars worth of the virtual currency. "I'm completely unfazed and plan to invest more," he said in an interview with The Wall Street Journal.
The move exposes Mr. Andreessen, best known for co-founding Netscape Communications more than two decades ago, and his investors to greater risks amid uncertainty over the future of bitcoin. The currency isn't backed by a government but recently has become popular among technology enthusiasts, trading at various times over the past year for less than $100 and more than $1,100. It traded Friday at around $580.
For all of Mr. Andreessen's enthusiasm, some bitcoin fans aren't thrilled with the interest by venture capitalists and worry about the encroachment of big business. Bitcoin allows users to transfer money—or other items, like legal contracts—without an intermediary such as a bank.
"You've got a bunch of bitcoiners and young libertarians who don't have enough confidence and life experience," says Cody Wilson, a founder of Dark Wallet, which seeks to enhance anonymity within digital-currency networks. "So they are being lulled into the [venture capitalist] set in California and New York. There's just not enough confidence to go against the grain and question the whole goddamn thing."
And there is skepticism among other investors.
"For 99% of people, bitcoin doesn't solve any problem they have," says Bradley Golding, a managing director at New York investment firm Christofferson, Robb & Co., which specializes in investing in financial companies and has decided not to invest in bitcoin-related companies. "Most people are comfortable going to their bank, making a deposit and using a credit card…It's a solution in search of a problem."
WSJD is the Journal's home for tech news, analysis and product reviews.
Turkey Wants Videos Off YouTube, Google Says No Only 11% of Twitter Users in 2012 Are Still Tweeting Turkey's President Joins in Breaching the Ban on Twitter White House May Case BlackBerry Aside Airbnb's Funding Talks Value It at $10 Billion Initially, Mr. Andreessen and his partners at Andreessen Horowitz were skeptical the world of virtual currencies held attractive investments. Even if they could discover ways to bet on the area, Mr. Andreessen figured it would be a challenge gaining the support of the firm's investors, including institutions such as Princeton University and the Ford Foundation.
Further muddying the picture for some conservative investors, many fans of these digital currencies were eager to replace governments and other institutions, and some proponents seemed to rely on digital currencies to enable unlawful activities.
By last April, however, Mr. Andreessen decided it was time to approach his firm's investors about bitcoin. He waited until the end of an annual meeting of Andreessen Horowitz's advisory board at the Rosewood Sand Hill hotel in Menlo Park, Calif., to broach the idea.
"At first blush, you're going to think we're out of our minds," Mr. Andreessen says he told the group of five investment firms on the Andreessen Horowitz advisory board, "but we're going to invest in a fake mathematical currency."
The comment met with stone-cold silence, before a brief discussion ensued. Some investors seemed intrigued, but many had little idea what bitcoin was.
Ultimately, Mr. Andreessen said investor resistance was less than he feared. Venture-capital firms have free rein to make almost any kind of investment. Their investors generally anticipate about half the investments will be losers, while some others will be home runs.
So far, Andreessen Horowitz has invested $25 million in Coinbase, which creates digital wallets, and a smaller amount in Ripple, a payment system, among other investments, according to Andreessen Horowitz.
Along the way, Mr. Andreessen has become one of bitcoin's leading evangelists, writing frequent articles and blog posts about the possibilities of digital currencies. This month, Mr. Andreessen sent Twitter messages calling bitcoin an "important tech breakthrough." He said that "the ideas stand on their own, the math stands on its own, the code stands on its own."
Bitcoin was developed in late 2008 by a person or group called Satoshi Nakamoto. It is an electronic currency that doesn't exist in a physical form. Bitcoin is created by "miners'' as payment for verifying bitcoin transactions using a complicated mathematical algorithm, a process that requires intense computing power.
Mr. Andreessen says bitcoin reminds him of the early days of the Internet.
"I'm having déjà vu," Mr. Andreessen says. Bitcoin is "weird and scary and nerdy, and it's full of scams and frauds, just like the Internet was."
Still, Mr. Andreessen says it took him years to appreciate the business possibilities.
He recalls reading an academic paper in 2009 about the launch of the bitcoin software, which seemed to improve on past related work, such as DigiCash, invented in 1990.
"I'm not a serious mathematician, but I know a lot of really good mathematicians and computer scientists and reached out to them," he says.
Throughout 2010 and 2011, Mr. Andreessen discussed bitcoin's development with Silicon Valley entrepreneurs and others but still didn't think it was an appropriate investment.
Over time, Mr. Andreessen became convinced virtual currencies would enable a huge number of productive endeavors, raising intriguing investment possibilities that he and his colleagues hadn't considered. If an Internet user can transfer digital contracts, signatures, money or other property in a secure fashion, while avoiding the hefty fees of intermediaries such as banks and credit-card companies, bitcoin and other digital currencies will gain mainstream popularity, he says.
When Mr. Andreessen realized more participants would adopt virtual currencies, which in turn would lead to more acceptance, he decided his firm had to act.
"I realized it's a four-sided network effect—users, merchants, miners, developers," he says.
By last spring, it was time to approach Andreessen Horowitz's investors. Over lunch a few weeks after Mr. Andreessen's embrace of bitcoin at the Andreessen Horowitz meeting, Elizabeth Obershaw, a managing director at Horsley Bridge, a San Francisco firm that invests in Andreessen Horowitz, returned to the idea.
"Tell me about that little teaser," Mr. Obershaw, whose interest had been piqued, asked Mr. Andreessen.
Mr. Andreessen began explaining his firm's interest to Ms. Obershaw and other investors.
"I was skeptical," says Andrew Golden, president of the Princeton University Investment Company, which manages the university's endowment and invests in Andreessen Horowitz. But, he says, "This was a smart team telling us we need to look at it in a different way."
Like the Internet, bitcoin will emerge as an accepted technology, Mr. Andreessen argues, as it becomes more regulated and consumers and businesses become more comfortable with the idea of digital currencies. With those changes, he predicts, the subversive politics often associated with the currency will fade.
"We like fringe technologies but not fringe politics," he says.
—Michael J. Casey contributed to this article.
Write to Gregory Zuckerman at [email protected]
submitted by songcoin to Bitcoin [link] [comments]

BRD's CEO Dismissed Crypto Until Overhearing Andreessen Horowitz Execs Fascination About Andreessen Horowitz Creates Second Cryptocurrency Fund BAKKT Acquires DACC & Partners With BNY Mellon - Andreessen Horowitz $1 Billion Crypto - Jaguar IOTA a16z with Andreessen Horowitz Podcast: Cryptocurrencies, App Coins, and Investing in Protocols Andreessen Horowitz Crypto Fund Raises $300 Million! - BULLISH NEWS! HODL!

The New York-based venture capital firm, Union Square Ventures has announced new investments, including US exchange Coinbase, writes CNBC. In a week when a competing venture capital firm, Andreessen Horowitz, announced its first-ever fund dedicated to crypto companies, Managing Partner at Union Square Ventures, Albert Wenger has said his company won’t take the same route, stating, “We see Andreessen Horowitz backs bold entrepreneurs who move fast, think big, and are committed to building the next major franchises in technology. Founded by Marc Andreessen and Ben Horowitz, the firm provides entrepreneurs with access to expertise and insights in innovation, executive and technical talent, market intelligence, policy and regulatory affairs, business development, and marketing and Two major backers made a repeat contribution to blockchain startup DFINITY this week, investments totalling over $100 million. Swiss and US-based blockchain cloud computing startup DFINITY has closed a new funding round worth over $100 million from repeat backers including Andreessen Horowitz, it confirmed August 29.. DFINITY, which aims to build what it describes as an “Internet Computer Andreessen Horowitz Loves Bitcoin. Andreessen Horowitz is one of the biggest venture capital firms dedicated to technology and innovation. The company formed in 2009 was founded by Netscape co Today there are a record number of rival billion-dollar funds and a newer kid on the block in SoftBank, which, armed with a $100 billion megafund, makes them all—Andreessen Horowitz included

[index] [14980] [8614] [9700] [1197] [461] [8450] [10432] [2799] [7414] [3907]

BRD's CEO Dismissed Crypto Until Overhearing Andreessen Horowitz Execs

A list of investments made by funds managed by Andreessen Horowitz (excluding investments and certain publicly traded cryptocurrencies/ digital assets for which the issuer has not provided ... Andreessen Horowitz is "investing aggressively" in crypto, even as bitcoin and other cryptocurrencies have dropped by more than 50 percent this year. ... Sign up with Coinbase for Free to start ... - American venture capital giant Andreessen Horowitz looks set to give mass adoption of cryptocurrency a further boost by investing an enormous $1 billion into the technology behind Bitcoin. Fascination About Andreessen Horowitz Creates Second Cryptocurrency Fund There are online sellers, such as overstock.com, who accept cryptocurrencies. And obviously, any 2 people who value the ... After initially being skeptical regarding Bitcoin’s prospects for mainstream adoption, Tradiman was won over after overhearing a conversation between executives at Andreessen Horowitz concerning ...