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  1. According to business insider: A cryptocurrency millionaire is buying up land in Nevada’s desert next to Tesla’s Gigafactory where he plans to build a utopian village run on Ethereum — here's a look at the wild design plans. A cryptocurrency millionaire has revealed his designs for an utopian community in the Nevada desert run completely on blockchain. The New York Times reports that the man behind the project, Jeffrey Berns, is planning a city that would run entirely on blockchain, a decentralized infrastructure which could theoretically provide the foundation for a community that's independent from the capitalistic world we live in. Instead of government and big corporations in control, the blockchain-based city would put power in the hands of the people and use cryptocurrency as the coin of the realm. "The city aims to showcase how business development, residential living and commerce can flourish alongside world changing technologies," reads a description on the website of Tom Wiscombe Architecture, one of the designers of the community. "Multiple innovative technologies will change the way its residents interact on a daily basis and blockchain technology will be at the center of it all - keeping systems honest, fair and democratic. " The area Berns has planned for his city comprises 67,000 acres of land in the Nevada desert that Nevada Gov. Brian Sandoval has dubbed "Innovation Park." It surrounds an industrial park where Tesla's Gigafactory is located, as well as buildings that major tech giants like Google and Apple own. The company that Berns founded, Blockchains LLC, bought the property earlier this year for a reported $170 million, according to the NYT. Berns is able to fund the entire project - including the additional $300 million he's already put into the land - with money he acquired from an investment in the cryptocurrency Ethereum back in 2015. "Something inside me tells me this is the answer," Berns told the NYT. "That if we can get enough people to trust the blockchain, we can begin to change all the systems we operate by." Berns says Blockchains plans to begin construction of the city in late 2019 at the earliest, but the company still needs to develop a master plan and get county approval. The business side of the city will feature "a highly secured, high-tech Blockchains Campus that joins blockchain technology with artificial intelligence (AI), 3D printing and nanotechnology," according to the website for the city's architects. Berns told the NYT he also plans to build a university here. The commercial side of the city is focused on encouraging technologically forward ideas and development. One of the design firms, Ehrlich Yanai Rhee Chaney Architects, says on its website that these research building would serve as places "where inventions are prototyped and where they are conceived." The architecture is designed to encourage collaboration and creativity, with communal civic areas and large courtyards. There are not many details available about the esports tournament arena. But the rise of competitive video gaming and its growing market indicates that esports is the future, which is right in line with Innovation Park's vision of a tech-forward community. The residential area of the city is being designed to serve as home for thousands. The city will have self-driving electric cars, and the NYT reports that plans include a drone delivery system. Besides running on blockchain, the city will also run on renewable energy sources. The residential area will be community-oriented and human-centric in design. "Civic centers, schools, and commercial areas are woven throughout, creating density, walkability and above all, community, “according to the architects' site.
  2. On November 1, CCN reported that Grayscale Investments, a subsidiary company of cryptocurrency venture capital behemoth Digital Currency Group, raised more than $330 million from both existing and new investors. After recording a 1,200 percent increase in the amount the firm had raised across three quarters in 2017, Michael Sonnenshein, managing director of Grayscale Investment stated that the substantial 69 percent drop in the price of Bitcoin had minimal impact on the company’s client base. “Bitcoin prices doing nothing but go down the entire year has not deterred our existing clients from putting more capital to work. Asset inflows are really strong despite these price declines. Investors are taking the pullback as an opportunity to increase their exposure. The price has not slowed down the pace of investments — it’s actually caused us to broaden our relationships.” As a publicly tradable instrument provider of Bitcoin, Ethereum, Ethereum Classic, and Zcash that allow investors in the stock market to invest in the cryptocurrency market, Grayscale has a strong reputation as a digital asset asset manager and investment firm. But, over the last several months, other major cryptocurrency hedge funds such as Pantera Capital and former Point72 portfolio manager Travis Kling-founded Ikigai Asset Management have raised over $100 million to invest in the asset class. The cryptocurrency sector has fallen by a significant margin within a 11-month period, but to many investors exploring the asset class as a long-term investment opportunity, the correction of the market has been considered an opportunity. Throughout the past 10 years, the cryptocurrency market recorded four major corrections, all of which demonstrated drops of over 80 percent in valuation. Hence, as Travis Kling emphasized, the cryptocurrency market is merely at the start of exponential growth and the correction is a viable opportunity for new investors to enter. “Same as that earlier invention, I believe crypto will create trillions of dollars along the way. Already the market for virtual coins is valued at hundreds of billions of dollars. And it’s all just getting started. So I left Point72, billionaire Steven A. Cohen’s hedge fund, in December to continue my investing career, but in a new asset class,” Kling wrote on August 1. In August, Pantera Capital raised more than $100 million and is targeting to raise $75 million more to establish a venture capital-style fund to invest in cryptocurrency startups. Over 140 investors participated in the $100 million fund of Pantera with a 10-year long-term vision to invest in the cryptocurrency industry and emerging startups rather than cryptocurrenies like Bitcoin and Ethereum.
  3. Ethereum 2.0 is coming soon, and it could increase by a thousand fold the Ethereum network’s capacity to process transactions. Vitalik Buterin, the cofounder of Ethereum who represents the world’s second-largest blockchain, has shared in Prague this week, the new upgrade formerly known as Ethereum 2.0, called Serenity, and has promised to make the network faster, more secure, less energy-intensive, and capable of handling thousands of transactions per second. At the annual Ethereum developer conference in Devcon, Buterin reported the twisting path that efforts to upgrade the network have taken. Buterin and his coworkers were forced to recalibrate their timeline for development, as they got delayed with distractions like the infamous DAO hack, which led to a network split that Buterin compared in his talk to the Hindenburg disaster. They also found themselves pursuing overly complicated dead ends such as “super-quadratic sharding.” According to Buterin Serenity will see Ethereum finally switch from proof-of-work to proof-of-stake, a model in which people and organizations holding ether will “stake” their own coins in order to maintain the network, and will earn block rewards for doing so. In 2018, Ethereum’s core developers decided to abandon the half-measures of the hybrid model they had been working on and instead set out on a path that would initially take longer, but would deliver “a proof-of-stake and sharded blockchain with the properties that we’re looking for,” said Buterin. Serenity won’t be the final product of Ethereum developers. Issues of transaction fees and governance will remain, said Buterin. Along with other technical improvements, he and other core developers have already begun mapping out future tweaks to the proof-of-stake model.
  4. The demand for blockchain engineers is extremely high, which proves that the value of cryptocurrencies is rising as well. In the software development, blockchain engineers lead top paid roles, in a line with specialists focused on artificial intelligence. According to Hired their average salaries are between $150,000 and $175,000 annually. That’s quite extra over the $135,000 salaries that typical software engineers earn on average. Since late 2017 on Hired, a firm that helps clients to recruit tech candidates, the demand for blockchain engineers has increased by 400 percent. Request has grown as large companies have begun to work on projects that make use of the technology. At the moment, for blockchain engineers companies that have job listings are Facebook, Amazon, IBM and Microsoft. Blockchain as a desired skill for the job for back-end engineer, systems engineer or solutions architect. Engineers who want to specialize in blockchain should know networking, database design and cryptography computing skills, according to multiple blockchain engineers. Blockchain engineers code in a variety of programming languages such as Java, JavaScript, C++, Go, Solidity and Python.
  5. may be just a bit less, but not under 6000 I believe
  6. who will pay for cola with bitcoin? 0_o
  7. Really interested to see what kind of rules they are going to make.
  8. is important to buy, sell and hold right crypto, there is always a risk to sell the one which will go up on price, and hold the one will go down
  9. Italy is a nice place for honeymoon as well
  10. the real investors could be people driven by emotions, its normal.

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