Is Blockchain Development Primarily Funded By Dumb Money?
Building blockchain solutions is not cheap by any means. However, if every group of bank builds their own proprietary technology, the question becomes how these tools are supposed to communicate. There are many different opinions on blockchain technology and how viable this technology seems to be right now. Some people are even arguing blockchain development is funded by dumb money. With over uS$250m invested this year alone, the time to deliver on distributed ledgers is now. But is the investment itself justifiable, or are investors getting caught up in all of the hype? It has to be said,....
Related News
Prepaid credit cards are not new. However, a prepaid credit card that can be funded with bitcoins is. The BitcoinCard is a credit card that can be funded via BTC. Don't get too excited though, as this card does not let you transmit bitcoin via the card. Despite the website's UK top level domain, the company informed us that the card primarily holds Euros. When we contacted The Bitcoin Company, who are offering this card, a representative told us: "The card works as a normal prepaid credit card. The difference is users can buy it with bitcoins, and fund it with bitcoins." It's not clearly....
Tesla and Spacex CEO Elon Musk has clarified his position on bitcoin. Emphasizing that he is an engineer, not an investor, Musk says that bitcoin “is simply a less dumb form of liquidity than cash.” Musk also disputed gold bug Peter Schiff’s claims about bitcoin and commented on the price of the cryptocurrency. What Elon Musk Thinks About Bitcoin The CEO of cryptocurrency exchange Binance, Changpeng Zhao, was interviewed by Bloomberg Thursday after the demand for dogecoin on his exchange soared. He commented on Elon Musk’s enthusiasm towards the meme cryptocurrency....
Former lead developer and chief scientist at the Bitcoin Foundation, Gavin Andresen, announced on a blog post that the three Bitcoin core developers who were funded by the Bitcoin Foundation, will join the MIT Media Lab's newly established Digital Currency initiative. Talking to CoinTelegraph, Digital Currency Initiative's head, Brian Forde, said: BitSIM, a dual-chip overlay that is physically placed atop a phone's regular SIM card, will turn your phone – even if it's a "dumb" phone – into a Bitcoin wallet. "The Digital Currency Initiative is not hosting a development NOR a standards body.....
The idea of speculating on people’s reputation with real money sounded dumb at first, but BitClout is catching on. The phenomenon is not ignorable anymore. This thing is so big that a serious publication like Bitcoinist had to stop everything and take a look under the hood. Let’s start by examining the project’s own documentation, […]
Blockchain startup Coinfirm.io has announced the launch of the first Blockchain lab to collaborate on the innovation’s development, research and collaboration in the region. Coinfirm, a Polish blockchain startup has launched the Coinfirm Block Lab, a go-to hub for blockchain development and research. The platform also seeks to bring in regulatory institutions to participate and collaborate with developers and startups in the bitcoin and blockchain industry. In a collaborative effort, Coinfirm has also partnered with European bitcoin exchange Bitcurex along with other unnamed financial....