When the sons of legendary investment banker Paul Stephens met Mighty Ducks star Brock Pierce, they were avid World of Warcraft gamers and he was amassing an empire of digital goods exchanges where players could buy, sell, and trade valuable in-game items and virtual currency. Together they would go on to form Blockchain Capital, the first venture capital firm to fund the blockchain ecosystem.
Ripple CTO David Schwartz likes to say that blockchain has a lot in common with the Model T Ford, and it’s an analogy that he repeated during a Quora session on April 1.
In the wake of JPMorgan’s February launch of its Ethereum-based JPM Coin digital currency, Citi let it be known why it had killed the Citicoin project its innovation lab discussed—but never formally announced—back in 2015.
A blockchain wonk has gone pundit in a TechCrunch article, predicting that Ethereum’s ETH asset will eventually crash to zero forever. In an unexpected twist, Ethereum co-founder Vitalik Buterin mostly agrees. Jeremy Rubin, the Bitcoin Core contributor who’s lately advising Stellar, launched a public critique of Ethereum and how it operates, calling for the network’s cryptocurrency to ultimately be worthless. He draws a clear distinction between the technology that powers the Ethereum network and the digital asset that represents value moving through it. The kernel of his “ETH to zero” argument revolves around network scalability and security issues that will hold Ethereum back as competitors move ahead. Rubin also invokes…