Bancor’s blockbuster ICO and the risk of blockchain investing

  • Blockchain startup Bancor closed a $150 million ICO raise this week — a landmark event, both in the speed and the magnitude of the raise.
  • It’s trying to hit the blockchain domain at its very heart with the promise that it can enable smart tokens to serve as legitimate currency.
  • Cryptocurrencies, or smart tokens, are new forms of digital currency (akin to bitcoin), that aim to serve as cash equivalents for various online services.
  • Bancor wants to enable these tokens, based on their protocol, to be widely acceptable.
  • These tokens need to be redeemable,

Blockchain startup Bancor closed a $150 million ICO raise this week — a landmark event, both in the speed and the magnitude of the raise. What is Bancor doing that got investors so excited? It’s trying to hit the blockchain domain at its very heart with the promise that it can enable smart tokens to serve as legitimate currency. Cryptocurrencies, or smart tokens, are new forms of digital currency (akin to bitcoin), that aim to serve as cash equivalents for various online services. Bancor wants to enable these tokens, based on their protocol, to be widely acceptable. For example, people will only confidently adopt cryptocurrencies when their exchange rates are stable. These tokens need to be redeemable,
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Bitcoin feud over expansion threatens to destabilize currency

  • Others think that a so-called fork within the bitcoin network could lead to innovation and, ultimately, strengthen the virtual coin.
  • Since then, other versions have sprung up, including Bitcoin Classic and Bitcoin Unlimited.
  • Powerful, expensive hardware is needed in order to generate bitcoins and process transactions.
  • Bitcoin might be a virtual currency, but over the past few years, more brick-and-mortar businesses, such as this bar in Sydney, have begun accepting the currency.
  • Bitcoin feud over expansion threatens to destabilize currency

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@CloudCORA: “#Bitcoin feud over expansion is really a fight over its future
How many different online currencies ‘might’ evolve?”


Bitcoin, the cryptocurrency that has earned legions of fans and has often been touted as the future of money, is in danger of having no future at all if a rift within the peer-to-peer network that keeps the bitcoin system running cannot be resolved.


Bitcoin feud over expansion threatens to destabilize currency