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August 22nd, 2019
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Vitalik “non-giver of ETH” Buterin just gave away $300,000 on Twitter
DecryptMedia | By | Dec 19, 2018
Embracing the OG hacker ethic, the renowned “non-giver of ETH” funded several startups. “YOLO,” he wrote, in a tweet heard ’round the world.
Ask and ye shall receive.
Responding to the needs of struggling devs, Ethereum founder Vitalik “Non-giver of ETH” Buterin just ponied up $300,000 worth of ETH to fund a few startups.
“I was excited and the most anxious I had ever been in my life. Nobody has sent me that much no-strings-attached, magical Internet money before,” Mikerah Quintyne-Collins said in an interview today.
The 20-year old student at the University of Toronto was among the recipients of Buterin’s largess last night—to the tune of $100,000—during a discussion on Twitter about the viability of the platform that Vitalik helped created.
See: Prices Aside, Crypto’s Tech Stack Is Steadily Improving
Buterin doesn’t normally give ETH—hence the Twitter moniker. That’s partly a response to so-called sockpuppet scams, by which bot/scammer-accounts masquerading as celebrities (such as Elon Musk) ask for small crypto-offerings on the false promise that they’ll grant the donor a massive return. The high-profile Buterin, in particular, who’s estimated to be worth around $36 million, is an obvious target for such things and often has people flagrantly pretending to be him.
But this time it really was him. And the $100,000 was just one of three donations to Ethereum-based startups.
One good deed begets another
The Giver of ETH surfaced during a Twitter debate between Buterin, Spankchain’s Ameen Soleimani, and Mythos Capital’s Ryan Sean Adams over the need for a broader, more financially viable Ethereum-scaling strategy. Adams said that Ethereum, tended as it is by a disparate, barely coordinated collective of developers, is “lacking basic operational leadership to get shit down [sic].”
So when Preston Van Loon, a developer with Prysmatic Labs — a firm working on Ethereum scaling solutions — mentioned that his team was
“still working full time for other jobs” and that a full-time role would require “significant pay cuts,” Buterin immediately sent 1000 ETH (around $100,000) to Van Loon.
This is, after all one of the advantages of digital currency: you can send it instantly and with almost no friction.
Next on Buterin’s Christmas list was Quintyne-Collins, who tweeted that $100,000 would motivate her to “quite literally drop out” of the University of Toronto, where she studies Computer Science and works on Ethereum’s Serenity protocol as a side-gig.
Shortly after Buterin sent her 1,000 ETH, she changed her Twitter profile to read, in part: “Dropping out of @UofT to save Crypto.”
The next beneficiary was Paul Hauner, of Sigma Prime—a firm developing an Ethereum 2.0 client called Lighthouse.
See: Ethereum Foundation Announces Millions in Grants for Scaling Research
Scores of people piled into the thread, asking for money for everything from startup ideas to caring for a sick child. Buterin, however, concentrated on sprinkling his magic ETH on projects of merit. And, no sucker, he asked that the recipients put their public keys on a site where he could “verify you’re not an evil hacker working for @northkoreadprk gov trying to *increase* the world’s centralization.”)
A life changed forever
We spoke to the newly enriched Quintyne-Collins, and asked—will she actually drop out of University? “I will be notifying my uni this Friday after my probability exam,” she said. After which she will endure one last semester, quit, then begin “ramping up my self-learning goals that I have set for myself since high school.” She added: “And work on ETH 2.0, obviously.
Continue to the full article --> here
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Read More
Read More
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Read More
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Read More
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Read More
Read More
Coindesk |Nathan DiCamillo | Nov 18, 2019 The Takeaway The research arm of payment card giant Visa has published a paper describing the development of LucidiTEE, a blockchain system for orchestrating sensitive data among multiple parties. For example, the paper outlines a system that would allow banks and fintech applications to share data without relying on intermediary data aggregators. While Europe has relied on legislation like GDPR to set standards for securely sharing customer data, US banks had to develop agreements with data aggregators. Visa, the world’s largest card payment network, has been quietly developing a blockchain system that could upend how banks transfer customer transaction data to consumer financial applications like Mint and Credit Karma. In a paper published by Visa’s research and development arm, researchers describe a system called LucidiTEE. It outlines a system for sharing sensitive personal data on a blockchain, crunching that data within a trusted execution environment (TEE) and using history-based policies to ensure that each of the parties receive an output of the computation. (The system’s name is a combination of TEE and the word lucidity). See: Visa Makes Its Second Investment Into a Crypto Startup The first application of LucidiTEE is sharing data ...
Read More
Read More
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Read More
Read More
Green Biz | Joel Makower | Nov 18, 2019 "Smart beta." It’s a term of art on Wall Street, a blend of active and passive investing strategies that typically combine an underlying stock index with an investment manager’s savvy about a potential stock’s liquidity, volatility, momentum and other factors. The strategy is said to provide a risk/return profile that is more attractive than a singularly active or passive investment product. That nerdy financial term will be among those increasingly relevant to corporate sustainability execs — CSOs, for short — as the astonishing rise of environmental, social and governance, or ESG, factors takes hold in the mainstream investing world. ESG assets under management have grown the fastest among smart beta strategies — a compound annual growth rate of more than 70 percent over the past five years, according to a recent report from Bank of America Merrill Lynch. "The opportunity is also too big to ignore," the report's authors wrote. "Bank of America estimates that over the next few decades, equity investments aligned with ESG criteria could attract assets equal to the size of the Standard & Poor’s 500 index today." The S&P 500 in October had a market capitalization of ...
Read More
Read More
Betakit | Isabelle Kirkwood | Nov 18, 2019 Canada’s FinTech sector has seen steady growth in recent years, and there seems to be more on the horizon with increased collaboration between startups and incumbents, as well as the skyrocketing demand for emerging technologies. The latest findings from a Ernst and Young (EY) report suggest FinTech adoption in Canada has increased from 18 percent to 50 percent since 2017. “FinTechs are no longer seen as just disruptors to the traditional financial services industry, they’re sophisticated competitors.” “FinTech adoption has evolved significantly in Canada over the past two years alongside the evolution of customer priorities and the rise of money transfers and payments,” said Ron Stokes, EY Canada FinTech Leader. “FinTechs are no longer seen as just disruptors to the traditional financial services industry, they’re sophisticated competitors, ready to meet the changing expectations and needs of customers.” Despite this apparent growth, FinTech adoption in Canada still lags behind the global average. That same EY report found that only 50 percent of respondents in Canada were FinTech consumers, as opposed to 64 percent globally. See: Fintech Reports and Research To explore how Canada can start stepping up its game in FinTech, BetaKit spoke ...
Read More
Read More
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