Bitcoin Forum

The last days were crazy. So much news and alot of funding:

+Visa, Capital One Back $30 Million Round for Blockchain Startup Chain

+Bitcoin-to-Cash App Abra Raises $12 Million Series A

+Coinalytics Raises $1.1 Million for Blockchain Data Platform

+Bitcoin Hardware Wallet Case Raises $2.25 Million in Funding

+Altcoin Exchange ShapeShift Raises $1.6 Million in New Funding

+Paymium Raises €1 Million to Boost Bitcoin Merchant Onboarding[/li][/list]


Summer is over  8)

Do we have any backed data how much of funding we have already seen this year?There are some articles to find in the web but the numbers vary a lot.

Before I forget. Is there any site out there which is separating investments in Bitcoin companies from "Blockchain companies"?
I think a comparison would be really interesting although the big fundings seem to go in Blockchain projects.
"Blockchain projects" --> God I hate it so much! :D

just a question:
why all this "good news" for fund rising, don't let bitcoin price rise???

i think this is the real question!!!

Let's hope some of this backing reflects positively in the price. Lord knows we need something to give the price a kick up the ass. It's been way too low for too long.

You're so right buddy!You're so right!

This is not related at all. Funding companies and startups is not going to make the price rise. It is not like that money is exactly going to the exchange.

This is great news. I think that the last overview was made by Coindesk. I would very much like to read another one. I'm quite interested in the exact number of investments in 2015 so far. A lot of money has poured into Bitcoin in 2015. Who knows what 2016 could bring? Also we have to separate blockchain projects that are not directly related to Bitcoin. They're just using blockchain technology, not Bitcoin.

---

---

Update:
Denker, yes I had forgotten to add that before reading your post.

These are my words as well!

I was wondering about price myself and you are right that it is not directly related, we won't see any immediate price increase.
But all these startups are a good sign and assurance to people that are faltering. You can invest in bitcoin and you will be safe in the long run.
Even separate blockchain project could give bitcoin some attention - and effectively boost its price as a result.

because they are not directly investing in bitcoin, they are only build everything around it, hoping that more people will use bitcoin

if none of the big name start to invest massively in bitcoin, i'm not sure if we can resort to average joe for increase the price

Well I think the fact that Visa/capital one is getting in on the blockchain technology is good and bad for us... good in the sense that they will sort of make btc a little more mainstream, but bad in the sense that a major "bank" is taking over and making btc a lot more centralized.

Can anyone guess which block size BIP they will support?  ;)

This one caught my eye. It is hard to get funding for this because it favors more players that those who invest in it. It is really more industry level funding that seeks to boost all players. 

The new cool trend, is to say ...." My company is investing in a NEW Blockchain technology " .... What they not saying, is.. " We not investing in the "Public" Bitcoin Blockchain  "

No.. no.. no.. They want their own "Private" Blockchain. It's like renaming Linux and calling it your own... Corel / Ubuntu ....Da da da..

It's just so easy to do this, and not a lot of people are speaking out against this. The true Bitcoiner will frown on this and object to the blatant intellectual theft being done by

these banks and companies, but the fact is... Nobody owns the intellectual rights to the Bitcoin code... so they can do what they want.  >:(

The advantage we as the Bitcoin network have over them is the security of a huge node count and hashing power already in place to support it. They just chose to ignore

this advantage and invest millions to re-invent the wheel... to call it their own. 

Well, that's how FOSS and specifically MIT licence works. What is there to frown about? Why do you consider it theft? The whole idea of open source software is that anyone is able to modify the code and use it how they see fit. Though I personally like GPL licence more as it ensures that also the derivates stay open.

It looks hopeful, and certainly it should end in price raise.

At least, it means movement and hope in Bitcoin. This is not dying by any means!

They probably just take the code and use their own blockchain in their internal systems for settlement or whatever. I presume that they are not going to buy bitcoins or be part of bitcoin network in any way. Even improvements they might make won't make it back to bitcoin because MIT license allows taking the code and closing it.

In comparison, Linux is GPL licensed (which requires all derivatives to be GPL and thus open too), so many companies are collectively contributing to its code as they make improvements for their own good. Maybe that would have been better for bitcoin too, I don't know.

TL;DR. I don't think that Bitcoin or it's price will be affected in any meaningful way.

Whether or not these companies mean bitcoin when they say blockchain is a good question. If they are just creating their own alt-coin then I think they are in for a big disappointment. First they are going to find out that no one is going to spend money on electricity to run their network. Next they will find themselves in direct competition with bitcoin. The consumer then has the choice of a coin that is controlled by a bank, distributed by a bank, priced by a bank, and only works at the bank. Or one could have universal money that works the world over for pennies and can not be controlled by a bank.  Which would you choose?

Absolutely true. However the budget just went up significantly with the need for data centers and all that hardware. Guess who is going to pay for all that? So now I'm paying more for a closed system that does God knows what with my identity. Not a selling point for me. 

i only know this one:

http://www.coindesk.com/bitcoin-venture-capital/

Well believe it or not, they will sell this crap to most of their users out there. They will even advertise it as technology as good as Bitcoin, but without bad stuff from Bitcoin, you'll see. And in the short term period, this will work, but in the long run, all of this crap will fall apart, since this is a centralized, closed system. Just like their banks and current financial system will fall apart, their centralized Bitcoin will follow the same path.

Then, when this happens and when they have thought all the people how to use crypto, the real, decentralized Bitcoin will just take over.

Companies attempting to use bitcoin are crushed just like an intelligence asset is terminated: fiat bombardment, aka "bought out".  Lets hope the people involved are made of stronger stuff and can continue the fight.   

its good to see funding flow in, shows confidence and the public will take note, but keep in mind... funding a start up is no guarantee that the startup succeeds... most fail, that's just a fact of startups. also, the numbers aren't that high. in the bigger picture its just a drop in the bucket.

its still positive, though. we will see in a year or two. if any of these startups succeed, then it will be reflected in the price.

Even tho the price did somewhat recover from the recent fall, maybe due to these good news and fundings that op talks about, the fact of the
matter is that we don't have enough new users to utilize services in a profitable way.
You can expand area of utilization, but if you don't have enough people interested in it, it's bound to fall apart eventually.

So, them Bitcoin-based entities get flooded with millions but opt to not pay their employees or other Bitcoin-based vendors bitcoins, circulating fiat instead, eh?

Many companies still prepare to use fiat on there everyday transaction and accounting purposes. hopefully bitcoin will be much stable in the future to handle those everyday transactions.

investors find investing in bitcoin related startups more interesting than directly in bitcoin itself, which is kinda understandable. but it at least shows that bitcoin startups are hot.

I wonder when we will see the price reflect this kind of data...it's been sitting around the same for a long time now.

i think the price will oscillate in this range for a long time.
and there will be the possibility to high volatility, when roadmap news will be released...

So many good news, and yet the price is tanking or not going up much.

Bitcoin Venture Capital Markets Heating up as Five Bitcoin Startups Raise $45 Million

https://bitcoinmagazine.com/21898/bitcoin-venture-capital-markets-heating-five-bitcoin-startups-raise-45-million/

I am more worried about the negative affect this whole "stress test" will have on the perceived stability of the technology. If a company with limited resources {$48 000} can come in and destabilize a complete

network for a month, depending on the success of the test... this might have some bad repercussions for Bitcoin investment. The press and the shills will jump onto this like cancer and they will over exaggerate

the whole issue. The two apposing sides in the Fork debate will also heat up to create more instability in the market. I predict a small decline in the price over the next month, if no real good news are released.  >:(

The investors are positive because they know that the soul of bitcoin is a consensus. As long as this consensus is intact, any kind of technology difficulties will be sorted out eventually

The stress test is far from hurting the network, the nodes can easily filter the spam transactions, they just let it run for a while to test the robustness of their infrastructure and also observe if a healthy fee market will develope

the stresstest is not a real problem. bitcoin works good at the moment.

Just so happens the steadily increasing hashrate is making the blocks go by a little quicker than 10 minutes, and there's likely more to come (1st wave of the new model of Antminer will ship by October). Helps to push the costs up for the attacker, even if it doesn't solve the problem.