Category Archives: Technology

Upload exec tasked with turning things around at the troubled VR startup has already quit | #VentureCanvas

Lucas Matney | TechCrunch


 The executive tasked with building back community trust in Upload, the VR startup shaken by a sexual harassment lawsuit filed by a former employee earlier this summer, has quit less than six weeks after officially announcing she had joined the team as COO, multiple sources tell TechCrunch. Anne Aloha Ward joined as COO of Upload, which runs co-working spaces in its LA and SF offices as well as… Read More

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Source: Upload exec tasked with turning things around at the troubled VR startup has already quit

Mapping the blockchain project ecosystem | #VentureCanvas

Josh Nussbaum | TechCrunch


 It’s easy to miss the forest for the trees without a comprehensive view of what the proverbial forest looks like. As a result, here’s a compiled a list of all of the decentralized blockchain-based projects that I have been following, and was able to dig up through research, along with recommendations from friends in the ecosystem. Read More

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Source: Mapping the blockchain project ecosystem

Netflix’s original content costs are ballooning | #VentureCanvas

Matthew Lynley | TechCrunch


 Netflix today once again showed that its subscriber growth is on a tear — especially its growth internationally — but a note in the report may indicate one of the biggest challenges the company faces going forward. Netflix took home 20 Emmy awards this year, and that’s thanks to its enormous investments in original content. Shows like “Stranger Things,”… Read More

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Source: Netflix’s original content costs are ballooning

Alphabet’s Project Wing now delivers burritos by drone in southeastern Australia | #VentureCanvas

Frederic Lardinois | TechCrunch


 It’s been a while since we last heard from Project Wing, X‘s moonshot drone delivery project. But after a few fallow months, the team posted an update today and it looks like the project has made quite some progress. Alphabet’s X unit is now testing the Project Wing drones in southeastern Australia, where its flying machines are making deliveries right to people’s… Read More

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Source: Alphabet’s Project Wing now delivers burritos by drone in southeastern Australia

Netflix crushes its own expectations for subscription growth again | #VentureCanvas

Matthew Lynley | TechCrunch


Reed Hastings Netflix is still on its rounded-up-to-pretty-great run as it continues to add more and more subscribers, and once again is outstripping its own estimates for growth. Today the company said it added 5.3 million new total subscribers, with 850,000 coming in the U.S. and 4.45 million coming from international markets. Netflix is spending very aggressively on original content, and so far it looks… Read More

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Source: Netflix crushes its own expectations for subscription growth again

Facebook acquires anonymous teen compliment app tbh, will let it run | #VentureCanvas

Josh Constine | TechCrunch


 Facebook wants tbh to be its next Instagram. Today, Facebook announced it’s acquiring positivity-focused polling startup tbh and will allow it to operate somewhat independently as it’s done with Instagram and WhatsApp. tbh had scored 5 million downloads and 4 million daily active users in the past 9 weeks with its app that lets people anonymously answer kind-hearted… Read More

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Source: Facebook acquires anonymous teen compliment app tbh, will let it run

Google revamps its Security Checkup feature with personalized suggestions for your account | #VentureCanvas

Sarah Perez | TechCrunch


 Google today is rolling out a revamped version of its longtime Security Checkup feature – a service that helps users make sure their Google accounts are safe by checking those items that could impact your account’s security. This includes connected apps, connected devices, account permissions and other things. Now, Security Checkup will be improved by offering more personalized… Read More

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Source: Google revamps its Security Checkup feature with personalized suggestions for your account

Silenced by “free speech” | #VentureCanvas

Josh Constine | TechCrunch


 There’s a fundamental incongruency between being pro ‘free speech’ and operating a global social network for civil public discussion. Twitter is struggling with it. Facebook is struggling with it too. And it can’t be solved by a little more transparency or by hoping average citizens will do the right thing. The principle of free speech on which the United States was… Read More

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Source: Silenced by “free speech”

Dutch Bank Complains About How Much Electricity Bitcoin Uses | #VentureCanvas

Jeff Francis | Bitcoinist


Dutch Bank ING released a report complaining about the energy amount that the average Bitcoin transaction consumes.


When it comes to Bitcoin, some people just aren’t happy unless they’re finding something to complain about. The fact that it’s essentially a revolution in finance and individual liberty isn’t important. What is important is what they consider the drawbacks of Bitcoin to be. The most recent example comes from the Dutch bank ING, who just released a report complaining about the high energy cost associated with every Bitcoin transaction.

Dutch Bank ING released a report complaining about the energy amount that the average Bitcoin transaction consumes

Leaving All the Lights On in the House

The report from Dutch bank ING looks at the energy consumption of the average Bitcoin transaction from several angles. On one hand, they note that the use of a tremendous amount of electricity makes fraudulent transactions costly by keeping the verification of trades expensive. This high cost does serve as a deterrent to those who would seek to cause mischief.

ING senior economist Teunis Brosens says:

By making sure that verifying transactions is a costly business, the integrity of the network can be preserved as long as benevolent nodes control a majority of computing power. Together, they will dominate the verification (mining) process. To make the verification (mining) costly, the verification algorithm requires a lot of processing power and thus electricity.

Brosens goes on to discuss how much energy is used in a Bitcoin transaction. He says that it takes 200kWh for every Bitcoin transaction, which is higher than the 37kWh for Ethereum. Of course, this is far higher than the 0.01kWh for a credit card transaction, say Visa. Brosens adds:

This number needs some context. 200kWh is enough to run over 200 washing cycles. In fact, it’s enough to run my entire home over four weeks, which consumes about 45 kWh per week costing €39 of electricity (at current Dutch consumer prices).

Leaving All the Lights On in the House

The Ongoing Energy Debate

A cynical person might note that Brosens may be pointing out the vast energy cost difference between Bitcoin and credit card transactions due to the fact that banks, such as ING, have a vested interest in promoting credit cards over cryptocurrencies. I’m pretty sure banks are not thrilled with the lack of centralized control associated with Bitcoin and other digital currencies.

However, it is true that Bitcoin transactions require a lot of energy, and there are many articles where people really dig into the math. It also appears that the energy consumption is increasing over time, even for the less taxing Ethereum. Yet is such energy consumption the end of the world? Are we doomed to live out our lives in a Mad Max future where we barter for water and precious juice with Bitcoin? While probably pretty cool, the answer is no. The amount of energy produced grows every year as more power plants come online and older plants become more efficient.

This really isn’t a zero-sum game or else the rise of server farms would have ushered in an age of calamity. There’s actually excess energy to be found, such as the case in Russia where power companies are selling off their excess energy to miners at a cheaper rate. In the end, such complaints are just another tirade against Bitcoin as it represents a massive shift from the old status quo and the powers that be are not happy with that.

Do you think Bitcoin transactions consume too much energy? Is the higher consumption worth it to reduce fraud? Let us know in the comments below.


Images courtesy of Wikimedia Commons and PxHere

The post Dutch Bank Complains About How Much Electricity Bitcoin Uses appeared first on Bitcoinist.com.

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Source: Dutch Bank Complains About How Much Electricity Bitcoin Uses

The end of oversharing | #VentureCanvas

John Biggs | TechCrunch


 The early 2000s were the era of user-generated content. Companies like Associated Content and Shareasale rewarded content producers richly – one friend of mine made millions on YouTube in 2004 because he was one of the few serial content producers on the platform. The future was going to be broadcast in all of its gritty glory. Bloggers would win forever and ever. The voices of the… Read More

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Source: The end of oversharing

Airbnb eyes expansion with affiliate program for sites with 1M+ users, new API | #VentureCanvas

Ingrid Lunden | TechCrunch


 While Expedia and Priceline roll out ways to encroach on Airbnb’s space with their own private home listings for travellers, the $31 billion venture-backed Airbnb is also looking at new ways to boost its own traffic and bookings. Airbnb is now rolling out a new call for affiliate partners, where high-traffic sites with over 1 million visitors can embed Airbnb property listings and… Read More

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Source: Airbnb eyes expansion with affiliate program for sites with 1M+ users, new API

E-Sports – Will EHT be the New Universal Currency for Gamers? | #VentureCanvas

Bitcoin PR Buzz | Bitcoinist


In recent years, the rise of technology within the gaming sector has revolutionized the way users participate in games as well as the way they share content. This, in turn, has created the industry and online gaming community known as e-Sports.

[Note: This is a press release.]


E-Sports has been named one of the fastest growing industries, pulling in viewers of over 354 million during the League of Legends Worlds, as reported by Slingshot. Twitch, an industry giant, reports over 100 million unique users a per month as well as 10 million daily active users. (DMR 2017).

E-Sports encapsulates licensed betting from companies like Bet365, who have over 22 million users worldwide. This shows the scope of the industry, especially when you consider that during 2016, the global volume for betting exceeded 5 billion euros. With the evolution of gaming and its ever-expanding community, there is a clear need for a universal currency, which allows users to engage in transactions while giving back to the consumers. EHT has been proposed as this new currency via the application of blockchain technology.

Chief e-Sports officer and co-founder Benjamin Föckersperger said:

Never has there been a platform where gamers and fans can share, curate and enjoy cool content together, or even participate in and contribute to e-Sports events. There will be a shop for your favourite e-Sports team’s merchandise as well as hardware, chairs, coaching lessons, or betting on your favourite team. You decide which offers you want to participate in and which you don’t like. All our users can participate in creating content for those areas by writing guides or producing videos. They get paid in ERT for their contribution which can be cashed out from ERT to FIAT (i.e. traditional currency) through several exchanges or our site at the current value of ERT for that day and time.

EHT is based on Ethereum and will specifically target the e-Sports community. The platform will provide a singular service that incorporates and builds a one-stop service for Games, Licensed Betting, and e-Sports Physical Training Universities. From a market perspective, this will build long-term interest organically, perhaps even surpassing the classical sports market in the not-too-distant future.

Upon reaching a 20-million-euro funding milestone, the company will open a physical e-Sports center in Berlin. Any user may apply online for challenges held at the center, and possibly qualify to become a pro player in one of the specialist games. This will educate younger gamers and prepare them for the industry as well as participants in tournaments around the world and professional gaming.

The tokens will be on pre-release from the 1st November to the 30th November. Out of the overall 60,000,000 tokens deployed 40% will be released during the pre-ICO phase at a price of €0.79. Tokens purchased after this period will at the standard rate of €1.09.

Find out more at http://esports.com/

Media Contact

Contact Name: Marcel Thiess
Contact Email: marcel@anchor-point-marketing.com
Phone: +4917624708551
Location: Malta

Esports.com is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.


Images courtesy of eSports.com

The post E-Sports – Will EHT be the New Universal Currency for Gamers? appeared first on Bitcoinist.com.

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Source: E-Sports – Will EHT be the New Universal Currency for Gamers?