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Vitalik Buterin | Large Crypto Growth Won’t Happen Again

Ethereum’s co-founder Vitalik Buterin just recently had an interview with Bloomberg and stated that crypto has neared its “ceiling.” Buterin feels that the days of explosive crypto growth have likely come and gone.

Blockchain Ceiling in Sight

“The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin told Bloomberg. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”

Vitalik Buterin feels that now any average person paying attention to the news knows about blockchain and cryptocurrency. Because of this, another 1,000-times growth in the industry is unlikely.

Last year, blockchain and crypto hit mainstream news in the latter half of 2017, and the crypto market exploded, resulting in an extreme crypto growth. It wasn’t just cryptocurrencies that were exploding either. Public companies started jumping on the blockchain-craze and began adding blockchain to their name and company focus.

Those that announced they’d added blockchain saw their shares jump as much as 100% in a day, if not more. Simultaneously, cryptocurrencies were seeing 100% percent growth a day.

The cryptocurrency market began correcting after Bitcoin hit nearly $20,000 a coin in December 2017 and has yet to rebound anywhere near that amount again.

Next Steps

Vitalik Buterin told Bloomberg that the next steps are to get those already interested in cryptocurrencies to become involved in a more in-depth manner. The co-founder believes that the goal is to get those that are still on the fence and haven’t taken the plunge to start buying and using cryptocurrencies, as well as using technology built on the blockchain.

“Go from just people being interested to real applications of real economic activity,” Buterin said.

Buterin isn’t interested in institutional investors trading cryptocurrencies. In fact, the co-founder would much rather institutional investments be put on hold for a few years. Instead, Buterin wants crypto growth and development to come from the actual applications and blockchain projects themselves.

>> Winklevoss Twins Launch World’s First Regulated Stablecoin: Read All About It

Buterin concluded the interview by saying, “Ultimately if all that cryptocurrency is, is this thing that millionaires keep buying and selling to each other, then what have we really accomplished?”

Do you think this is true? Will crypto spike again like it did last year?

Leave your thoughts in the comment box below.

Featured Image: flickr

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Vitalik Buterin Makes Fortune 40 Under 40

We know their names, but that’s not always enough. To appreciate the young in the world of business, Fortune, a multinational magazine, publishes its ’40 under 40′ list every year. Yesterday, the 2018 Fortune 40 under 40 list was released—and four crypto players made it. Vitalik Buterin makes Fortune 40 under 40, plus more!

Crypto Makes it on the 2018 Fortune 40 Under 40

When Fortune’s under 40 rankings first started, it was to show off the giants of the dot-com boom. But things are different now, with changes being sparked by the 2008 financial crisis.

Now, Fortune still lists those under 40, but instead of showing their wealth, the magazine highlights their influence, achievements, and power—three qualities that a majority of the crypto industry has (if it were up to us, the list would be full of crypto players), but only four made this year’s list.

So, who are the lucky four? 

1. Brian Armstrong Makes Fortune 40 Under 40: CEO of Coinbase 

Brian Armstrong, 34, is ranked 20th, a drop from where he placed in 2017 (he was ranked 10th). 

Achievements: Fortune talks about how Armstrong is moving Coinbase in the direction of becoming “the Google of crypto.”

The magazine noted that Coinbase has a ways to go, but Armstrong is doing all the right things, like investing in upstarts, as well as making acquisitions. 

2. Vitalik Buterin Makes Fortune 40 Under 40: Ethereum Co-Founder 

Born in Russia, Vitalik Buterin, 24, made his debut on the Fortune 40 under 40 in 2016. This year Vitalik Buterin makes Fortune 40 under 40, moving from 31st place to 22nd. 

Achievements: You can’t argue that Buterin isn’t influential (and, at times, controversial) and Fortune recognizes this. The magazine discussed how Ethereum, his blockchain platform, now has a market value of $48B, making it one of the most valuable crypto networks in the world.

3. Pavel Durov Makes Fortune 40 Under 40: Telegram Founder 

Making his debut on the 2018 Fortune 40 under 40, Pavel Durov, 33, is ranked 25th. It’s not a surprise that Durov is ranked, considering it has been one hell of a year for the Russian developer. 

Achievements: Durov is on Fortune’s list because back in March, his company Telegram finished two $850M ICOs. In the end, Telegram’s total ICO earnings came to $1.7B. 

4. Vlad Tenev and Baiji Bhatt Make Fortune 40 Under 40: Robinhood Founders

Again, not a surprise to see these two crypto industry representatives on the 2018 Fortune 40 under 40.

Co-CEOs of Robinhood, a stock trading app, Tenev, 31, and Bhatt, 33, are both ranked 24th. 

Achievements: The above pretty much sums it up. But if you want more, get a load of this: Robinhood is trying to expand crypto trading support and has already raised $363M in funding in an attempt to do so.

The Takeaway

Overall, I would say the 2018 Fortune 40 under 40 is spot on. Some of these crypto players are on the list for a second or third time, while others are making their debuts. 

Either way, the people who have taken the industry to the point that it is at now are getting recognized—and that’s nice to see.

What do you think of the 2018 Fortune 40 under 40 list? Should more crypto players be ranked?

>> Genesis’ Peter Gabriel Invests in Blockchain Startup

Featured Image: Depositphotos/© konstantynov

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Crypto World Cup Semi-Finals are Here! Who will Advance?

The Crypto World Cup Semi-Finals are Here!

It’s hard to believe that the Crypto World Cup semi-finals start tomorrow, July 10th. It feels like just yesterday the group stages were kicking off.

From then to now, the whole tournament has been fun to watch. Mostly because it played out differently than most years.

In the Crypto World Cup semi-finals, there is no Roger Ver, no Vitalik Buterin, and no Cameron Winklevoss. Three crypto players that – and this could be an understatement – did not rise to the occasion, despite the world expecting them to.

Putting the disappointment aside (cough, Brian Armstrong fans, cough), the Crypto World Cup semi-finals is likely to be a doozy. And we couldn’t be more excited.

Before we can get too excited, though, it’s important to remember the fallen crypto players:

Crypto World Cup Semi-Finals

Crypto World Cup Semi-Finals

Now that we’ve gotten that out of the way, we can get talk about the crypto players that survived the group stages and the knockout stages without feeling dismissive.

Match 1: Charles Hoskinson vs. Satoshi Nakamoto

Tuesday, July 10th at 11:00 a.m.

Go figure that Satoshi Nakamoto made it to the Crypto World Cup semi-finals. He (or she) is, after all, the OG of crypto.

It wasn’t easy getting to this point, though. Satoshi Nakamoto continued to surprise the crypto community throughout the tournament, booting Andreas Antonopoulos out in the round of 16, and beating Cameron Winklevoss in the quarter-finals.

>> Charles Hoskinson and Satoshi Nakamoto Quarter-Finals

Meanwhile, Charles Hoskinson had a few surprises up his own sleeve. After booting Vitalik Buterin out of the tournament, Charles Hoskinson very much deserves to be in the semi-finals.

But who will be victorious on Tuesday?

Match 2: Justin Sun vs. Charlie Lee

Wednesday, July 11th at 11:00 a.m.

I don’t know about you, but this is the game I’m most looking forward to.

Justin Sun has made history just making it this far; the last time Justin Sun (who was randomly paired as England) made it to the World Cup semi-finals was 28 years ago, which is the age of Mr. Sun right now.

Justin Sun battled to get here, too. He beat Warren Buffet in, perhaps, one of the most nerve-wracking round of shootouts I’ve ever seen, and Willy Woo in the quarter-finals.

>> Justin Sun and Charlie Lee Quarter-Finals

Don’t get me wrong, Charlie Lee deserves ample credit too.

In the group stage, Charlie Lee beat Vitalik Buterin (a shock to many at the time, and probably still is). He then went on to beat the home crypto player, CryptoYoda, in the quarter-finals.

All eyes will be on Charles Hoskinson and Satoshi Nakamoto tomorrow, as their match will determine the future of both Charlie Lee and Justin Sun.

World Cup Bracket:

Crypto World Cup semi-finals

The Crypto World Cup Semi-Finals: Our Takeaway

Are any of your original bets still in the Crypto World Cup? If not, out of the remaining four, which crypto player are you going to support in the semi-finals?

Under our roof, we’ve got some Justin Sun fans… but that’s just us!

Featured Image: mostockfootage

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Crypto World Cup Semi-Finals are Here! Who will Advance?

The Crypto World Cup Semi-Finals are Here!

It’s hard to believe that the Crypto World Cup semi-finals start tomorrow, July 10th. It feels like just yesterday the group stages were kicking off.

From then to now, the whole tournament has been fun to watch. Mostly because it played out differently than most years.

In the Crypto World Cup semi-finals, there is no Roger Ver, no Vitalik Buterin, and no Cameron Winklevoss. Three crypto players that – and this could be an understatement – did not rise to the occasion, despite the world expecting them to.

Putting the disappointment aside (cough, Brian Armstrong fans, cough), the Crypto World Cup semi-finals is likely to be a doozy. And we couldn’t be more excited.

Before we can get too excited, though, it’s important to remember the fallen crypto players:

Crypto World Cup Semi-Finals

Crypto World Cup Semi-Finals

Now that we’ve gotten that out of the way, we can get talk about the crypto players that survived the group stages and the knockout stages without feeling dismissive.

Match 1: Charles Hoskinson vs. Satoshi Nakamoto

Tuesday, July 10th at 11:00 a.m.

Go figure that Satoshi Nakamoto made it to the Crypto World Cup semi-finals. He (or she) is, after all, the OG of crypto.

It wasn’t easy getting to this point, though. Satoshi Nakamoto continued to surprise the crypto community throughout the tournament, booting Andreas Antonopoulos out in the round of 16, and beating Cameron Winklevoss in the quarter-finals.

>> Charles Hoskinson and Satoshi Nakamoto Quarter-Finals

Meanwhile, Charles Hoskinson had a few surprises up his own sleeve. After booting Vitalik Buterin out of the tournament, Charles Hoskinson very much deserves to be in the semi-finals.

But who will be victorious on Tuesday?

Match 2: Justin Sun vs. Charlie Lee

Wednesday, July 11th at 11:00 a.m.

I don’t know about you, but this is the game I’m most looking forward to.

Justin Sun has made history just making it this far; the last time Justin Sun (who was randomly paired as England) made it to the World Cup semi-finals was 28 years ago, which is the age of Mr. Sun right now.

Justin Sun battled to get here, too. He beat Warren Buffet in, perhaps, one of the most nerve-wracking round of shootouts I’ve ever seen, and Willy Woo in the quarter-finals.

>> Justin Sun and Charlie Lee Quarter-Finals

Don’t get me wrong, Charlie Lee deserves ample credit too.

In the group stage, Charlie Lee beat Vitalik Buterin (a shock to many at the time, and probably still is). He then went on to beat the home crypto player, CryptoYoda, in the quarter-finals.

All eyes will be on Charles Hoskinson and Satoshi Nakamoto tomorrow, as their match will determine the future of both Charlie Lee and Justin Sun.

World Cup Bracket:

Crypto World Cup semi-finals

The Crypto World Cup Semi-Finals: Our Takeaway

Are any of your original bets still in the Crypto World Cup? If not, out of the remaining four, which crypto player are you going to support in the semi-finals?

Under our roof, we’ve got some Justin Sun fans… but that’s just us!

Featured Image: mostockfootage

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Crypto World Cup Day 18

Welcome to Crypto World Cup Day 16!

We are down to the final 16 and this round gives no second chances; if you lose your match you are out. 

To arrive at the final 16 required tenacity and teamwork; it was a battle of the best and brightest but only the strongest have made it through. 

Today’s two games were Vitalik Buterin v Charles Hoskinson and John McAfee v Brad Garlinghouse

Match 1: Vitalik Buterin 3-4 Charles Hoskinson

What a game. This is the knock-out stage of the tournament and its a sad day for Vitalik Buterin as he bows out (somewhat gracefully) with a loss to Hoskinson.

Victory was made by one small but vital goal difference, as the two crypto figures kept at each others toes in this exciting game.

Hoskinson kicked us off early with a penalty goal at 13 minutes but it was Buterin’s cracker at 41 minutes which give him a much-needed boost of confidence. Suddenly it seemed the game came alive.

He created one of the most spectacular goals we’ve seen the Ethereum co-founder produce reminding us of his brilliance. 

However, he was matched (and then some) by Hoskinson who has always been a prominent force in this tournament. His four goals were nothing short of spectacular (especially the volley at 57 minutes which was controlled and showed his technical prowess.) 

Towards the end, frustration was clear to see on Buterin’s side, causing the referee to hand out yellow cards as if they were flyers. He desperately scrambled to find a fourth goal to level the game.

It never came. 

Hoskinson goes through and the disappointment was all over Buterin’s face as he is now sent home. His fans are the true victims of course. 

Match 2: John McAfee 1 – 2 Brad Garlinghouse

This game saw another world favorite sent home — John McAfee. Garlinghouse started well with a goal at 7 minutes which shook this game up. The draw came during the second half at 55 minutes but McAfee didn’t bring out the big guns until after Garlinghouse’s 62nd-minute goal. Some have scratched their head over this, as it was too late. Brad Garlinghouse was too strong and McAfee just could not find another goal.

>>The Crypto World Cup: Meet The Players!

What a start to the knock-out stages. With McAfee and Buterin out, this tournament is now wide-open.

Featured Image: Google Images/Skysports

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