Bitcoin Industry Venture Capitalists Shift Focus to Ethereum

[Minecache]

Leading article in Nasdaq news

http://m.nasdaq.com/article/bitcoin-industry-venture-capitalists-shift-focus-to-non-financial-applications-and-ethereum-startups-cm593925

[mining1]

Now now,you wouldnt expect them to shift their focus to ltc,would you ?

[freshman777]

Now that they've realized the blunders they made with Bitcoin going nowhere what are the odds they get it right this time? Slim to none.

[TPTB_need_war]

Vlad2Vlad thinks they will get it right with ixcoin:

The deeper I go down this rabbit hole the more spooked I get.

This is getting seriously ridiculous even for a guy like me.



The Oxyrhynchus Papyrus is the oldest known copy of the Book of Revelations (Apocalipsa).

Here is a chunk of it - the original Greek version as handwritten by Apostle John, before it was translated into all the other languages of the world.  This chunk is from Revelations 13 where Apostle John states the riddle of the mark (Symbol) and number of the beast which is chi-iota-sigma (Greek Translation is 616 not 666).




The riddle of the mark (Symbol) and number of the Beast as seen in the visions of Apostle John.

[Hollowman338]

leading article?  Not on nasdaq.com front page, or under news tab.


ETA: and not even on first page of search results for "bitcoin" on nasdaq.com

[ArticMine]

One thing venture capital demands is the possibility of growth. Take that away and venture capital will flee. The fundamental problem Bitcoin faces here is that stagnation is hard coded into the consensus code of the protocol in the form of the fixed blocksize limit. The venture capitalists are starting to realize this hence the interest in Ethereum, where the perception at this time is that Ethereum does not have this limitation. Contrary to the efficient market theory there can be a significant temporary divergence between market perception and the basic fundamentals. The market does over time align with the fundamentals; however during that time an investor who has bought based on the fundamentals must be prepared to hold onto a position that according to the market shows a very significant paper loss.

Now as for Litecoin it has a very similar stagnation is hard coded into the consensus code of the protocol in the form of the fixed blocksize limit. The only difference is that because of the difference in block time it has effectively 4x the limit. My take is that if venture capital feels burned  with BItcoin over this issue it is not going to move to another coin with that very same issue.

[r0ach]

Bitcoin core seems to have already agreed on a 2mb hard fork + segwit, and Schnorr multisig savings will *supposedly* lower transaction space requirements as well.  That's a large step up from where we are now and any financial appreciation problems due to block size would be avoided for a long time.

[TPTB_need_war]

Venture capitalists drank the Dapp Koolaid.

[Cusdonard]

Bitcoin core seems to have already agreed on a 2mb hard fork + segwit, and Schnorr multisig savings will *supposedly* lower transaction space requirements as well.  That's a large step up from where we are now and any financial appreciation problems due to block size would be avoided for a long time.

The SegWit will come out in April.