“DeFi is not decentralized at all,” says former Blockstream executive
Samson Mow, former chief strategy officer at Blockstream, is convinced that DeFi protocols can’t compete with Bitcoin as monetary networks due to their lack of decentralization. Samson Mow, former chief strategy officer at Blokstream and founder of JAN3, is convinced that most decentralized finance protocols can’t compete with Bitcoin when it comes to providing an effective monetary network because of their lack of decentralization. As Mow pointed out, DeFi projects are governed by entities that can modify the protocol at will. “At the fundamental level, money should be immutable,”....
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Blockstream, the new for-profit Bitcoin technology company that will be developing sidechains, already has some significant funding. As revealed by a Form D fundraising disclosure form filed at the beginning of the month, Blockstream has already secured over 15.1 million USD in series A funding, with potentially more to come. A Form D is filed with the SEC when funds are raised without prior approval from the SEC. However, since the SEC form is from three weeks ago, the numbers represented therein may not be presently accurate. Also read: Sidechains Whitepaper Authors Will Conduct Reddit....
Chief executive Austin Hill originally told CoinDesk that Blockstream's SEC filing was an "incomplete and inaccurate notice". He has since clarified that the SEC filing is complete and accurate, but does not "portray the whole picture" at this point in the company's fundraising process. This article has been updated accordingly. Blockstream has raised at least $15.18m toward a major funding round expected to close in the coming weeks, according to a recent Securities and Exchange Commission (SEC) filing. The filing also shows that Reid Hoffman, a partner at venture firm Greylock Partners....
In this week's DeFi newsletter we bring you an exclusive research report on Terra, Samson Mow's shocking comment on DeFi and Fireblock's latest DeFi institutional offering. The week was filled with several new project developments and key updates from leading decentralized applications (DApps) and decentralized finance (DeFi) protocols. Fireblocks has expanded its institutional access to Terra’s DeFi ecosystem and Solana partnered with the Notifi network to improve the abysmal participation rates in governance votes.We will also look into the Cointelegraph research into the Terra....
Blockstream has announced Blockstream Energy, a new service that allows energy producers to maximize energy production efficiency and sell surplus electricity.
Blockstream to leverage blockchain technology to develop the Sidechain. In another case of billionaires betting big on Bitcoin and the blockchain technology, a number of technology entrepreneurs have come together to work on a Bitcoin project. The group of entrepreneurs who have previously worked with companies such as LinkedIn, Sun Microsystems and Yahoo have so far contributed a total of US$ 21 million to Blockstream. Also read: SEC Form Shows Bitcoin Technology Company Blockstream Already Has Millions in Funding. The Blockchain - Difficult to Corrupt. Blockstream aims to enhance the....