Issue #93
5 - 11 September 2015
It has been a wonderful week for blockchain startups raising money from VCs. Startups in the blockchain space announced over $45 million of funding this week.
Bobby
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Latest News
CoinWallet.eu is slowly releasing the addresses and private keys for Bitcoin wallets containing 200 coins split into thousands of tiny fractions for anyone to claim. The giveaway was positioned as a gift to the community, but the real intention was to spam the Bitcoin network without CoinWallet.eu ever having to lift a finger.
This week, five Bitcoin startups, including Chronicled, Chain, Abra, Case and Coinalytics, have raised more than $45 million in funding from venture capitalists.
Market
Blythe Masters, the former JPMorgan banker now leading a blockchain start-up, has cautioned that the US is likely to lag behind other countries in using the technology underpinning the cryptocurrency bitcoin to modernise their securities markets.
Digital Asset Holdings have issued its first crypto-security for Pivit, an interactive marketplace that uses public opinion, news, and other data to produce odds on global event outcomes in a variety of categories including sports, finance, and politics.
Legendary cryptographer said banks keep trying to re-inject points of control into blockchains.
Ecosystem
Although BIP 101 is the block size increase proposal that has been in the spotlight, there are at least five other options to consider.
Digiconomist approached Dogecoin Developer Ross Nicoll to learn more about the decision making surrounding AuxPoW and the lessons Bitcoin could take from it
Learn
As of this writing, more than half of all VC funding to date has gone into building permissioned systems on top of a permissionless network (Bitcoin). Permissioned-on-Permissionless (PoP) systems are an odd hydra, they have all of the costs of Sybil-protected permissionless systems (e.g., high marginal costs) without the benefits of actual permissioned systems.
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