After readng through this thread https://bitcointalk.org/index.php?topic=1038549.0, I was thinking... The market is bearish, and there's no BT*cough*, money to be made. So I think it would be best for us to relax until the next bull run occurs. When that happens, people will come again. And that means, there's new money coming in the crypto economy. And that means it's open season. And that means war.  Until then, can we keep everything nice and civil? |
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The bitcoin-watching news service CoinDesk recently released its first quarter look into the cryptocurrency’s performance during the opening months of 2015. Mostly the data is net positive, showing an increase in total wallets, and investment. However, there are a number of included data points that demonstrate slowing growth in key bitcoin, and bitcoin-related areas. The collected data indicates that the first quarter of 2015 was the most popular ever in terms of the dollar-value of venture capital investments made into the bitcoin ecosystem. That data point, however, is skewed by a single investment — the $116 round million invested into 21, a company that remains at least partially occluded in terms of its ambitions. Aside from that single investment, first quarter venture investment was on par — $113 million — with the preceding fourth quarter. Key to bitcoin’s performance, at least from an external perspective, is the number of wallets in existence. Those receptacles and storage locations of bitcoin help the market understand how many new people the cryptocurrency is attracting. In the first quarter, according to the CoinDesk report, total wallets grew from 7.4 million to 8.4 million, up 14 percent on a sequential quarter basis. That growth rate is likely under expectations from a year ago. The market value of all bitcoin in circulation — some remains yet-to-be-mined — fell from the last quarter of 2014 to the first quarter of 2015 by 36 percent. Last thought, here’s CoinDesk’s aggregate new merchant adoption of bitcoin:  |
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I came across this thread on /r/bitcoin... http://www.reddit.com/r/Bitcoin/comments/33tvoa/dear_new_york_regulation_stifles_innovation_two/This post made me think, what if start ups just go somewhere else?
Rumor has it two brothers created an entire industry in their bicycle shop. All the experts said it is not possible and were thought of as a bunch of liars.
"After their Kitty Hawk success, The Wrights flew their machine in open fields next to a busy rail line in Dayton Ohio for almost an entire year. American authorities refused to come to the demos, and Scientific American Magazine published stories about "The Lying Brothers." Even the local Dayton newspapers never sent a reporter (but they did complain about all the letters they were receiving from local "crazies" who reported the many flights.) Finally the Wrights packed up and moved to Europe, where they caused an overnight sensation and sold aircraft contracts to France, Germany, Britain, etc. "
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On top of my head there's Ripple, Maidsafe, Stellar, and I think Bitshares(?). I think the well funded ones will have a slightly better chance of success.
Any other projects?
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During a community hangout organized by the Paycoin Foundation, a surprise announcement was made that one Prime Controller is being held by digital currency exchange Cryptsy. The transaction was also posted about on the Paycointalk forums. According to that post, it seems plausible that the Prime Controller was given to get Cryptsy to update to the new Paycoin wallet.
Prime Controllers are a feature unique to Paycoin, although calling them a feature is a bit like saying a burning sensation is a feature of gonorrhea, it may technically be true but that doesn’t mean it is a feature appealing to anyone.
Prime Controllers are essentially wallets that stake at a higher rate than regular wallets. Originally, that was going to be 10% compared to a normal wallet’s 5%. It was eventually revealed that some Prime Controllers were staking at a rate as high as 350% compounded interest.
http://www.miningpool.co.uk/breaking-cryptsy-owns-hyper-staking-paycoin-prime-controller/ |
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Real Bitcoiners will buy now. Prove you are a real Bitcoiner by buying now.  |
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What's your favorite altcoin? Shills welcome.
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Newly appointed Bitcoin Foundation executive director Bruce Fenton has indicated that the trade organization is unlikely to pursue proposed plans to support bitcoin core development.
The statements come on the heels of Wednesday's announcement that bitcore core developers Gavin Andresen, Wladimir van der Laan and Cory Fields had joined MIT Media Lab's Digital Currency Initiative in a full-time capacity due in part to the financial issues facing the Bitcoin Foundation.
Fenton reported that he was "not part" of discussions about the core developers joining MIT, but that the Foundation would continue to be supportive of the developers. Further, Fenton distanced the organization from past reports that it was seeking to form a venture-funded entity as part of a plan to spin off its development efforts.
http://www.coindesk.com/bitcoin-foundation-director-no-plans-to-fund-core-development/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29 |
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Bitcoin mining centralization has been a point of concern in the community for a while now. People are worried that the growing size of mining firms will continue until one of them attains 51% or more of the network’s hashing power. Although a firm holding the majority of the hashing power would not inherently compromise the network, it would certainly centralize the creation of bitcoin and the confirmation of transactions. Such centralization opens the door for a 51% attack, in which a nefarious actor initiates a double spend. This particular attack is highly feared in the Bitcoin community, because a successful double spend would ruin Bitcoin’s reputation for being a trustless monetary system.
http://insidebitcoins.com/news/the-economics-of-bitcoin-mining-centralization/31833 |
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Factom, a Bitcoin 2.0 Non-Profit Organization, is going to sell 85-100% of its bitcoin reserved raised in its crowdsale.
Factom is a project that aims to build on top of the bitcoin blockchain to provide a ‘permanent, time-stamped record of your data in the blockchain’. This means that a user can store a permanent record of a document on the blockchain by using Factom, which will charge you a small fee. This can be used for many purposes, such as reducing the costs and complexities of conducting audits, managing records, complying with government regulations, and storing a copy of a written contract. Their crowdsale consists of selling Factoids (the Factom currency), which will be converted into ‘entry credits’ that allow users to use their service.
There also have been other similar Bitcoin 2.0 projects, which all aim to build a new service on top of the bitcoin blockchain. Other examples include storj.io, which aims to provide a decentralized cloud storage, and Ethereum, a service that aims to allow smart contracts, which can be used to build currencies, financial derivatives, voting systems, decentralized organizations, data feeds, title registries and thousands of other applications.
Both of these examples started by launching a CrowdSale, however, Ethereum’s CrowdSale came under heavy criticism, because at first, it had only planned to sell a maximum of 5000 BTC that they raised. However, they sold approximately 30,000 of its BTC, which caused a fierce debate, discussing if future crowdsales from Bitcoin 2.0 companies should be trusted. Months later after Ethereum, Factom seems to be doing the same thing.
More here... http://www.coinbuzz.com/2015/04/16/factom-a-bitcoin-2-0-project-will-sell-85-100-of-its-bitcoin-reserves/ |
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