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Token Daily is a place to discover trending news and products in crypto and blockchain.
1T to 2T is much easier than 0T to 1T. We will reach there easily.
$2T is misleading. Cathie is indicating it will be around then that the big money involved will demand approval.
i will help injecting into the market a huuuuuuge amount of $100 next week when i get my paycheck.
A little more than 12 years to hit 1 trillion market cap. 6 to 12 months to hit 2 trillion. Sounds about right.
A crypto ETF releasing this year after the run that stocks have had the past year would be huge. Lots of eyes already on innovative ETFs like the ones Cathie manages with ARK.
tldr; Ark Investment Management CEO Cathie Wood said she doubts regulators will green-light a bitcoin exchange-traded fund before the original cryptocurrency’s market cap hits $2 trillion. "The flood of demand has to be satisfied so it's going to have to get well over [$2 trillion] before the [US Securities and Exchange Commission] will feel comfortable about" a bitcoin ETF, she added.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
In solidarity with other leading companies in the cryptocurrency community, we are posting the Bitcoin white paper to our official blog.
We believe that Bitcoin is open-source software, and that maintaining access to this document is essential to educating others about the financial freedoms the technology offers.
We stand opposed to the legal threats made against two primary hosts of the white paper, and hope this page will stand as a reminder of the spirit in which Satoshi Nakamoto first wrote his ground-breaking message over 12 years ago.
This project is stunning. Although the jury is still out about whether they can deliver, this certainly looks extremely promising so far. Here are a few stats:
- Rollup gas/tx of only 315 gas. That's a fraction of today's price for even a basic currency transaction. And that is thanks to ...
- Ability to combine 300,000 transactions into a single proof which is then published to mainnet.
- 3k tps bandwidth. Phenomenal.
This is a project to pay attention to. Ethereum has so much future potential, and it's coming at us fairly quickly. Incidentally, I had researched this project, wondering if Liz Stark was involved, but I don't see any connections.
tldr; StarkNet is a L2 ZK-Rollup that supports general-computation over Ethereum. It is based on the Turing-complete Cairo language. Developers, users and StarkNet nodes will be able to do everything one would expect from a permissionless L2 Rollup.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
“ETH is fundamentally broken and scaling solutions are many years away!” - Every retard that doesn’t understand what Ethereum is or does.
tldr; StarkNet is a L2 ZK-Rollup that supports general-computation over Ethereum. It is based on the Turing-complete Cairo language. Developers, users and StarkNet nodes will be able to do everything one would expect from a permissionless L2 Rollup.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; StarkNet is a L2 ZK-Rollup that supports general-computation over Ethereum. It is based on the Turing-complete Cairo language. Developers, users and StarkNet nodes will be able to do everything one would expect from a permissionless L2 Rollup.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; StarkNet is a L2 ZK-Rollup that supports general-computation over Ethereum. It is based on the Turing-complete Cairo language. Developers, users and StarkNet nodes will be able to do everything one would expect from a permissionless L2 Rollup.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Although this article is purely speculation. It'd be silly to ignore the financial opportunity that is clearly within kins scope.
These guys will be stroking their mustaches looking at the price of kin and how easy it would be to accumulate and push this project.
Pretty sure they sold there kin stake to jump onboard of Facebooks boomed coin. I’m sure Fred keeps a eye on Kin progress but doubt they are ready to jump back in at the point
Union Square Ventures
USV 2021 Fund Andy Weissman Andy Weissman – Jan 26, 2021
We are pleased to announce that USV has raised a 2021 Core Fund with commitments of $250 million. This Core Fund will complement our new Climate Fund and existing Opportunity Fund. This will be USV’s seventh early-stage venture fund since the firm was founded in 2003.
As before, we continue to invest with a thesis-driven approach, the USV Thesis 3.0:
Trusted brands that broaden access to knowledge, capital, and well-being by leveraging networks, platforms, and protocols
We believe this thesis is as relevant today as when we articulated it in April 2018.
This past year has seen fundamental (and likely permanent) behavioral changes such as the growth in distance learning, increased usage of telemedicine and asynchronous digital health delivery, and the rise of remote work. These changes accelerated digitalization of tech stacks that in other industries have often been a precursor to falling costs and wider access (e.g., ecommerce). These are the types of opportunities we have been focused on since the beginning of Thesis 3.0.
We are particularly interested in understanding companies that are finding ways to broaden access to learning and healthcare by creating new, trusted solutions. For example, education is largely taught the same way today as it has been historically – a physical arena where people join for classes. Medical care as well – big changes in 2020 notwithstanding. What are the ways to make people – learners and patients – the center of these markets? We aim to find not only the direct application of these solutions, but also those that serve the solutions.
Companies we’ve invested in like Duolingo, Outschool, Quizlet, Codecademy, Sora Schools and Skillshare broaden access to knowledge; Nurx, Brave Health, and Modern Fertility broaden access to wellbeing. These are good guideposts which we will continue to focus on: either direct to learner/patient or an enabling layer to fuel the direct to learner/patient market. We also look to expand the definition of what this means – for example, we are particularly interested in mental health companies that may not look like healthcare businesses at all.
Access to knowledge means education but also tools and platforms that support how knowledge is shared and remembered in organizations or groups, including in this new, more remote world.
Wellbeing to us includes healthcare but also community and fun. New delivery mediums (such as audio) present ways to bring high-density kinds of information to more people for entertainment, healthcare, learning or other purposes. This includes companies like Abridge, Headgum, Wattpad and Meet Cute. Here we also look for new tools and technology-enabled production methodologies.
Similarly, access to capital remains concentrated. Companies like Possible, Stash, Teamshares and Noah broaden services to more people, on better terms through innovations in business models, underlying infrastructure, or new ways of reaching the customer. We also continue to look for ideas that center on collaborative solutions to capital problems – multiplayer fintech, if you will.
As in our last several funds, we expect a significant portion of the investments -around 30%- will be crypto-related investments. This will include holding tokens directly as well as equity in early-stage blockchain-related projects. Crypto networks embody both the evolution of trust in computing and financial systems, as well as vastly expanded access, so we view crypto networks as completely aligned with Thesis 3.0. We believe the opportunity to decentralize systems is still in early stages, seeing adoption tailwinds, and with a lot of interesting new activity.
As always, we remain committed to our way of practicing venture capital and finding those companies that believe we can be great partners. Our funds are small. Our focus is thesis-driven. Our website is a compilation of ideas from ourselves and others, constantly evolving yet always open and public. We publish our investment memos as blog posts. We are active partners to all the companies we invest in at all times. And our decision making is collaborative (we don’t vote).
Thank you to our investors for their continued trust.
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tldr; Russian politician Alexey Navalny received 3.7 BTC in the last week, tripling the amount raised in the first two weeks of 2021. Navalny is a vocal critic of Russian President Vladimir Putin and received 657 BTC in donations over the past five years. The pace of donations accelerated last week after Navalny was arrested in Moscow.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Dont guys think its weird something that is supposed to be anti gov control and demonized by politicians, and out the blue this? I'm starting to doubt about satoshi and the whole thing being a psyop by intelligences services is simply just fud
No, CSW is a busted flush and has gone full nutcase mode.
But let's hope he hangs around for another year or so for for the comedy value. And on that point, if you read between the lines I think even Calvin and Jimmy are realising they've enabled and indulged a real dope. Having said that, if Calvin is playing a hidden game/strategy he may well have made some good coin over the whole circus. If so, guess who paid for that, all the BSVtards that got taken in.
BSV if finished. Sure, it might have a pump here and there but it's not the pump that's interesting, it's always watching the price action AFTER the pump. That's the real story and that tells people all they need to know...
this could be way bigger than we think: what if the next thing estonia does is add bitcoin to their sovereign wealth fund or their central bank adds bitcoin into their reserves?
max keiser called it: 2021 a small government or central bank will break ranks from the dollar and flip to bitcoin.
Calvin Ayre thinks he can take on the world. I can't wait to engage. He doesn't know about the silent diamond hands early bitcoin hodlers.
Let's fight. Fuck all this bullshit he said she said about this autistic fuck pretending to be Satoshi. Let's just have a flat out brawl. I want to see whose capital drains first.
All that attention and validation is exactly was CSW was after. You can be assured that he'll be back for more.
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Just uploaded to my IPFS node: QmRA3NWM82ZGynMbYzAgYTSXCVM14Wx1RZ8fKP42G6gjgj
Eat that Faketoshi
I never used to but now I do believe ..it is CSW.
Look how much he promotes BTC across the globe now!
I think the means are wrong but the goal is right!
Miami mayor replied to one of the twitter post on this saying he was planning to host it first.
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No need to wait for SEC report to hunt big insider Sales either, if stock all tokenized, should human choose to do so.
All I hear is about how much Bitcoin whales are hoovering up, but why is the price not moving
YES! and there are more bigger corporations that are buying bitcoins as well!
YES! and there are more bigger corporations that are buying bitcoins as well!
Sure. There isnt any real harm in investing in bitcoin.
I’d find it an issue, however, if an endowment intended to fund education for a program was being spent on Bitcoin.
Well there you have it folks. Up next - Church of England has been buying ETH for the last two years.
I go to USC. Although my university is not as prestigious as these other Ivy League schools, I am studying blockchain and bitcoin in classes. I know a number of different uc schools are also implementing blockchain/cryptocurrency classes like Berkeley and UCLA.
Smart money at institutions buying BTC on the down low because there are still so many haters and FUDsters that make trouble
The people who run these endowments are no dummies. I know that one of the guys at Harvard’s turned away a very promising career in theoretical physics for a position there.
Can they also start accepting tuition in crypto? If they're secretly buying and stacking up as institutions, the least they can do is to start accepting cryptocurrencies as payment for tuition fees. This way, not only would they be recognized for contributing to the speedy mainstream adoption of cryptocurrencies, they would also be known for transforming ecommerce and payment ecosystem from what it used to be. Amazing news btw!
Ha! So, they've been buying all along, as well as other 'institutions' - the term "priced in" now comes to mind for all those waiting for big money to enter the game
I'm baffled by how Alden can both get so much right and so much dead wrong. Let's just take a look at this one thing.
“Ethereum developers change their monetary policy as often as the Federal Reserve does, and for similar reasons.”
Ooh, I so disagree with this. For the sake of fairness, I will quote Alden fully below rather than use the open letter's paraphrase.
Many Bitcoiners would disapprove of the fact that there’s no hard issuance rate or hard cap for Ethereum tokens on EIP 1559. I actually don’t have a fundamental problem with EIP 1559; I think it’s a much better monetary policy than Ethereum has been operating with so far, and is well thought out. As long as the monetary policy is rules-based and results in relatively low issuance, I think that can work for what Ethereum is trying to accomplish with its protocol (as an oil-like enabler of dapps, rather than as a gold-like scarce collateral). Indeed, the highest potential rate of issuance in the proposed EIP 1559 system is quite low, and some potential outcomes are deflationary on net, if there is high transaction throughput relative to the number of validators choosing to operate on the network.
However, my problem is that given how many times Ethereum’s monetary policy has changed already, why would I assume EIP 1559 will be permanent? Ethereum developers change their monetary policy as often as the Federal Reserve does, and for similar reasons. Maybe if EIP 1559 is in place for five years, proves itself to work as intended, and doesn’t change, and Ethereum 2.0 is operating smoothly, I’ll agree there’s reasonable confidence that it won’t change anymore and that the system is working as intended. Until then, all I can do is watch and see how things turn out.
This is dead dead wrong.
The problem isn't the issuance rate, but the trend of issuance policy. Fiat currencies (as represented with the Federal Reserve) start with relatively low issuance and trend towards infinity. Although there are some exceptions, crypto issuance rates tend to start high and trend towards zero. For the sake of argument I'm also going to include static issuance as a crypto-like behavior to show the issue.
Now...how long does it take for each of these to become worthless, which I will define as infinite supply?
If you have static issuance, your issuance will follow a straight diagonal line and reach infinite supply in infinite time. This is not necessarily a bad thing because not all cryptos need to "store value," and infinite time doesn't really exist outside of abstraction. I can totally see Gen 5 cryptos using this kind of issuance model once speculators are done assuming that they must turn a profit.
If you have an issuance rate which trends towards zero, the issuance trend will follow a horizontal asymptote, meaning it will trend towards a finite final supply total, even given infinite time.
If you have escalating issuance, then your issuance trend follows a vertical asymptote. There is a specific moment in time when the money supply goes infinite and the currency becomes worthless.
These are drastically different functions. One is functionally stable for all meaningful time tables, another is definitively stable given an infinite timetable...and the last? We might not know exactly when it will happen, but we can mathematically prove that the US Dollar will have an expiration date.
Some of the most fascinating reading I have done on Ethereum in recent times, thanks for the link!
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The Fall Of Certificate Authorities And The Rise Of Handshake
TokenSoft is the volume leader in compliant token sales.
The open protocol for tokenized debt.
A secure online platform for buying, selling, and storing digital currencies.
A second layer, off-chain scaling proposal for bitcoin.
Ensuring the blockchain is inexpensive and accessible to everyone.
An open protocol for decentralized exchange on the ethereum blockchain.