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Venture capitals ICO gambits left Bitcoin ecosystem underfunded Adam Back
Published: 2023-07-04
1. Underfunding in the Bitcoin Ecosystem The main focus of the article is on the issue of underfunding within the Bitcoin ecosystem. The author highlights concerns raised by Blockstream CEO,Adam Back,regarding venture capital's ICO (Initial Coin Offering) investments. Back believes that these investments have diverted funds away from Bitcoin-related projects and have left the ecosystem underfunded. This has potentially hindered the development of Bitcoin technology and infrastructure. The article suggests that the underfunding issue could have long-term consequences for the cryptocurrency and blockchain industries,as it may impede innovation and growth.
2. Impact of Venture Capital's ICO Gambits Venture capital's significant investments in ICOs is another topic discussed in the article. The author points out that the increasing popularity of ICOs as a fundraising method has led to large amounts of capital flowing into these projects. According to Back,this trend has attracted significant investor attention away from Bitcoin and redirected funds toward less-established,speculative projects in the blockchain space. The article raises concerns about the potential consequences of this shift in investment focus and its impact on the overall development of the Bitcoin ecosystem.
3. Views of Blockstream CEO Adam Back The article extensively covers the views expressed by Blockstream CEO,Adam Back. Back argues that venture capital's emphasis on ICOs has hindered the Bitcoin ecosystem's growth by drawing attention and funds away from more Bitcoin-focused projects. He also expresses concern about the difficulty Bitcoin-related projects face in attracting funding due to the preference for ICOs. Back's ideas on how to address these funding issues are also discussed,including proposals for alternative funding models that could better support Bitcoin-centric projects and technological advancements. In summary,the main topics covered in the article are the underfunding in the Bitcoin ecosystem,the impact of venture capital's focus on ICOs,and the views of Blockstream CEO,Adam Back. The article highlights the potential consequences of underfunding for the Bitcoin industry,concerns about the redirection of funds to ICOs,and Back's proposals to address the funding gap.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | BTC |
66,379.98 | 3,036,775,231.19 |
| 2 | ARS |
1,086.60 | 2,001,108,804.20 |
| 3 | ETH |
3,025.54 | 1,147,227,212.34 |
| 4 | SOL |
163.08 | 880,545,908.67 |
| 5 | PEPE |
<0.01 | 709,663,516.57 |
| 6 | WIF |
3.03 | 317,523,298.25 |
| 7 | DOGE |
0.16 | 300,417,426.69 |
| 8 | BOME |
0.01 | 292,341,672.74 |
| 9 | FLOKI |
<0.01 | 279,335,359.83 |
| 10 | PEOPLE |
0.05 | 231,917,421.52 |
| 11 | NEAR |
8.17 | 226,811,141.04 |
| 12 | XRP |
0.52 | 176,474,633.90 |
| 13 | RNDR |
10.58 | 176,058,381.59 |
| 14 | AEVO |
0.89 | 165,934,674.03 |
| 15 | ENA |
0.73 | 163,474,909.44 |
| 16 | RUNE |
6.61 | 146,285,093.41 |
| 17 | WLD |
5.03 | 122,290,492.86 |
| 18 | FTM |
0.81 | 119,544,500.34 |
| 19 | BONK |
<0.01 | 115,679,148.41 |
| 20 | AVAX |
34.87 | 75,595,250.97 |
| 21 | AR |
43.65 | 72,956,595.29 |
| 22 | JTO |
4.70 | 69,759,611.16 |
| 23 | OP |
2.51 | 66,054,536.71 |
| 24 | SUI |
1.02 | 63,182,529.28 |
| 25 | ORDI |
38.89 | 61,871,329.32 |
| 26 | ADA |
0.46 | 49,050,932.31 |
| 27 | ARKM |
2.41 | 48,318,026.40 |
| 28 | 1000SATS |
<0.01 | 46,272,209.01 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 | PEOPLE |
0.05 | +33.46 |
| 2 |  CHR |
0.34 | +27.76 |
| 3 | FTM |
0.81 | +24.56 |
| 4 | JTO |
4.70 | +22.73 |
| 5 |  RSR |
<0.01 | +20.92 |
| 6 |  SEI |
0.55 | +20.32 |
| 7 |  BEAMX |
0.03 | +19.48 |
| 8 |  RAY |
1.79 | +18.96 |
| 9 | BOME |
0.01 | +18.83 |
| 10 |  IMX |
2.40 | +18.72 |
| 11 |  TFUEL |
0.11 | +18.18 |
| 12 | NEAR |
8.17 | +17.21 |
| 13 | RUNE |
6.61 | +16.63 |
| 14 |  RLC |
3.44 | +16.59 |
| 15 |  STX |
2.20 | +15.88 |
| 16 |  TAO |
399.40 | +15.10 |
| 17 |  JASMY |
0.02 | +15.01 |
| 18 |  TRU |
0.12 | +14.86 |
| 19 |  ZRX |
0.51 | +14.43 |
| 20 |  YGG |
0.83 | +14.28 |
| 21 |  AGIX |
0.96 | +14.08 |
| 22 |  GALA |
0.05 | +14.03 |
| 23 |  TNSR |
0.91 | +13.94 |
| 24 |  IOTX |
0.05 | +13.73 |
| 25 |  OCEAN |
0.96 | +13.48 |
| 26 |  JOE |
0.49 | +13.43 |
| 27 |  NTRN |
0.69 | +13.40 |
| 28 |  BAKE |
0.29 | +13.30 |
| 29 |  HIGH |
5.02 | +13.08 |
| 30 | SOL |
163.08 | +12.99 |
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US news that has a significant impact on the market
| at | news | day | date | time |
|---|---|---|---|---|
| 1 | Unemployment Claims | Thursday | 16-05-2024 | 13:30 |
| 2 | Building Permits | Thursday | 16-05-2024 | 13:30 |
| 3 | Philly Fed Manufacturing Index | Thursday | 16-05-2024 | 13:30 |
| 4 | Housing Starts | Thursday | 16-05-2024 | 13:30 |
| 5 | Import Prices m/m | Thursday | 16-05-2024 | 13:30 |
| 6 | Industrial Production m/m | Thursday | 16-05-2024 | 14:15 |
| 7 | Capacity Utilization Rate | Thursday | 16-05-2024 | 14:15 |
| 8 | FOMC Member Barr Speaks | Thursday | 16-05-2024 | 15:00 |
| 9 | Mortgage Delinquencies | Thursday | 16-05-2024 | 15:10 |
| 10 | Natural Gas Storage | Thursday | 16-05-2024 | 15:30 |
| 11 | FOMC Member Mester Speaks | Thursday | 16-05-2024 | 17:00 |
| 12 | FOMC Member Bostic Speaks | Thursday | 16-05-2024 | 20:50 |
| 13 | CB Leading Index m/m | Friday | 17-05-2024 | 15:00 |
| 14 | FOMC Member Waller Speaks | Friday | 17-05-2024 | 15:15 |
| 15 | FOMC Member Daly Speaks | Friday | 17-05-2024 | 17:15 |
| 16 | FOMC Member Kugler Speaks | Saturday | 18-05-2024 | 22:45 |
