Eris Industries COO: “The DAO Is a Cargo Cult”
“[Projects like the DAO] are an inelegant and wholly unconvincing way to commit securities fraud, speaking kindly,” Preston Byrnes said at the Blockchain Conference in New York. He compared the DAO and other blockchain crowdsales to “cargo cults.” Such cults revolve around the belief that ritualistic acts like building an airplane runway will bring desirable goods – oftentimes Western goods – to the area. In the crypto-understanding, it is perhaps the belief that promise of future web development based on amount invested into a project will create a crypto useful project…in the future, of....
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CoinTelegraph spoke with the co-founder and COO of Eris Industries, Preston Byrne, on why the company decided to leave the UK and move its operations to the United States. As reported in May, Eris Industries has ordered its staff to leave the United Kingdom due to the proposed UK’s Investigatory Powers bill, which the company says gives the government “completely unnecessary” surveillance powers on data. “This is a red line for us, and should be for every blockchain firm. Distributed systems don't work without secure cryptography.” CoinTelegraph: What does Eris Industries do?
Eris Industries has just announced a strategic collaboration with the hardware service Ledger as a security partner. The alliance is said to bring more solutions to the Eris infrastructure and bring a “strong layer of security” to the development of the company’s enterprise blockchain service. Eris Industries believes the partnership between Ledger and....
Eris Industries and Ledger have partnered together to provide fast, secure and easy to use blockchain solution to the clients. Ledger, the bitcoin security company known for its hardware wallet is collaborating with Eris Industries. A recent release by Eris Industries announces that the company has chosen Ledger to be its blockchain hardware security partner. Ledger is a young French startup which opened its doors in the month of January last year. The company has achieved a great deal in a short span of time. The well-known Ledger smart card bitcoin hardware wallet is just a part of what....
How seriously should you take a company with a marmot named Doug for a mascot? That has been the subject of debate surrounding Eris Industries and its blockchain solutions platform for some time. Founded in 2014, Eris has evolved to become one of the more novel projects in the blockchain space in terms of its operating thesis, officially launching in December with a goal toward a "1.0 release" this summer. In its short history, Eris has made a point to trumpeting its belief that bitcoin should be thought of as a shared software database, not as a network for sending money or value. In the....
After entering the US market, Eris Industries hoped their 'troubles with the law' would be behind them, but sadly not. Now, Eris Exchange, whose founder is associated with Blythe Masters’ crypto startup Digital Asset Holdings, is not only trying to secure the Eris name, but perhaps also engaging in anticompetitive litigation. Interestingly, the plaintiff Chicago based futures exchange company, Eris Exchange, has a notable founder and board member in the name of Donald R Wilson. Wilson is also a founder and co-owner of Digital Asset Holdings, the crypto-related startup, which Blythe Masters....