Fred Wilson, Reid Hoffman Back MIT's $900k Bitcoin Developer Fund
MIT announced today it has raised $900,000 to fund the work of three bitcoin developers. The Bitcoin Developer Fund, backed by venture capitalist Fred Wilson, LinkedIn co-founder Reid Hoffman and others is intended to give the three bitcoin coders working to resolve the block-size debate and other similar technical challenges an academic platform from which to work. MIT’s Digital Currency Initiative (DCI) director Brian Forde said the university's role in helping support these coders is just part of the academic community’s responsibility to create a place where bitcoin's developers can....
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MIT’s Digital Currency Initiative Receives a Boost With $900,000 Raised for Bitcoin Development Fund
MIT recently announced that it has raised $900,000 for the Bitcoin Developer Fund as a part of its Digital Currency Initiative (DCI). The funds raised would be used to support Bitcoin Core development efforts. Core developers Gavin Andresen, Cory Fields and Wladimir van der Laan currently work as a team for the MIT’s Digital Currency Initiative and, according to DCI director Brian Forde, the Bitcoin Developer Fund is intended to give the three Bitcoin coders an academic platform to work on resolving the block-size debate and other similar technical challenges. "We built out the....
Fred Wilson, the partner at Union Square Ventures recently spoke about his experiences with the blockchain technology and its future. Fred Wilson, the partner at Union Square Ventures which happens to be one of the leading investment firms in the Bitcoin and blockchain technology sector recently spoke at a Coin Center Annual Dinner event held on May 2, 2016. In the event, he spoke about his experiences with the blockchain technology, while touching upon the future of the distributed ledger technology as well. Fred Wilson is a veteran in the venture capital game. He has been investing in....
Venture Capitalist Fred Wilson is a self-proclaimed bitcoin believer, but when speaking at New York University recently he highlighted some of the negative aspects of the digital currency, which he said, are holding it back from widespread adoption. Currently, security, practicality and problems related to speculation and hoarding are the biggest issues facing bitcoin, he said at an event sponsored by the NYC Foundation for Computer Science Education. Wilson is the co-founder of venture capital firm Union Square Ventures, which has made investments in a number of successful tech start-ups,....
LinkedIn founder and Greylock Partners investor Reid Hoffman issued new remarks about bitcoin this week at O'Reilly Media's 'Bitcoin & the Blockchain: Realities, Risks, Rewards' event held in San Francisco's Marina District. The conference brought together a collection of entrepreneurs, investors and cryptocurrency enthusiasts for a one-day schedule, though it was perhaps Hoffman's talk that was most anticipated. During his on-stage discussion session with Xapo CEO Wences Casares, Hoffman took a professorial tone in evaluating where he believes the ecosystem is headed, though it may not be....
Fred Wilson is a VC and principal of Union Square Ventures. USV invests in bitcoin companies, but not the currency itself. Fred is interested in bitcoin because he believes it can be and possibly will be the financial and transactional protocol for the global Internet. Here, he shares his thoughts on New York State's revised Bitlicense regulations. Over the past year, the New York State Department of Financial Services (NYDFS), led by Superintendent Benjamin Lawsky, has been attempting to create a set of regulations for virtual currency services. They called this set of regulations the....