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Ethereum Creator Net Worth

Ethereum Founder Lays Out What It'll Take To Keep Him In Crypto - Business Insider

Ethereum Founder Lays Out What It'll Take To Keep Him In Crypto - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Vitalik Buterin, the founder of Ethereum, clarified a tweet in which he threatened to leave crypto if communities in the space didn't grow up. He said he would stay so long as "there's also real social value that the ecosystem is working towards." Vitalik Buterin, the founder of Ethereum , has clarified a tweet from Wednesday in which he threatened to leave crypto if communities in the space didn't grow up. On Thursday he said "all" was the "operative word" in his original tweet, adding that he would continue to work in the space so long as it included communities working on something impactful. Here's Buterin in a tweet : Buterin said coiners working on interesting projects should check to see whether they were eligible to receive funds from his adviser token donation fund. Buterin said the fund had distributed over $1 million. "Never hurts to quietly put up an ETH address," he added. The market for digital coins has exploded this year, with bitcoin and Ethereum leading the way, up more than 8,500% . Ethereum has also paved the way for hundreds of so-called initial coin offerings, a cryptocurrency twist on the initial-public-offering process. Autonomous Next, a fintech analytics firms, estimates that over $4 billion has been raised via ICOs , which help startups raise capital outside traditional financial services. In total, the market for digital coins has exploded from just under $18 billion at the start of the year to a whopping $580 billion, according to data from CoinMarketCap.com . Buterin has questioned whether the crypto space deserves these eye-popping gains based on what it has Continue reading >>

How Rich Are The Founders Of Ripple And Ethereum?

How Rich Are The Founders Of Ripple And Ethereum?

How Rich Are the Founders of Ripple and Ethereum? Ethereum cofounder Vitalik Buterin. (Image: Getty) Today marks two records in the altcoin world: Ethereums per-coin value broke $1,000, and the rising value of Ripple supposedly boosted its co-founder Chris Larsen to an estimated net worth of $59.9 billion. Despite a very real speculation bubble around cryptocurrency, these financial gains are mostly on paper, and the two coins couldnt be more different. Unlike the recently cratering Bitcoin, which cant decide if its a currency or a store of value, Ethereum bills itself as a blockchain app platform where transactions are used to pay for decentralized computing power. (The most visible of these apps so far has involved the breeding and trading of digital cats .) Despite its intentions, the coins skyrocketing value has much less to do with enabling trustless apps than the sort of wild speculation that drove a nearly 20x increase in bitcoin over last year. Ripple is significantly less public-facing. Its core proposal is to facilitate fast, cheap transactions, mainly between banks, through a separate but related entity called Ripple Connect. The Ripple coin (XRP) exists independently in the hopes that banks will someday use it via Ripple Connect. It cant be mined as other currencies can, and its worth per coindespite holding the second largest market cap behind bitcoinhas yet to top $4. The stark differences dont end there. Larsen, a man in his late 50s, has a background in financial startups, and Ripples other now-departed cofounder Jed McCaleb is known for p2p software like eDonkey as well as being the original owner of Bitcoin exchange Mt. Gox. Ethereums cofounder Vitalik Buterin is only 23 years old, and dropped out of college after receiving a Thiel Fellowship. More ge Continue reading >>

Ethereum Founder On Icos:

Ethereum Founder On Icos: "we Are In A Bubble, A Lot Of Projects Will Fail"

Ethereum Founder on ICOs: "We Are in a Bubble, A Lot of Projects Will Fail" By Nathan Reiff | September 12, 2017 9:43 AM EDT Hydropower: The Key to Bitcoin Mining in the Future? When it comes to the cryptocurrency and blockchain worlds, few figures draw as much rapt attention as Vitalik Buterin. The founder of ethereum , the second-largest cryptocurrency by market capitalization and the revolutionary platform which has allowed for initial coin offerings (ICO) to dominate over the past year, commands a great deal of respect among industry followers, so much so that false reports of his death prompted major plunges in the digital currency marketplace . Now, Buterin has words of warning for investors in the ICO area: he suggests that ICOs are a bubble waiting to pop, and that the current trend of largescale token sales is not sustainable. Buterin remarked on the ICO craze during a trip to Israel in order to meet with local cryptocurrency and blockchain tech companies and investors. According to Finance Magnates , the ethereum founder indicated that "it would be a mistake to underestimate the value of ICOs or to say that they are a bad thing. ICOs are interesting because they enable monetization for open source projects...what we are seeing lately is that people are taking this idea too far, and there are projects that issue a coin not because it makes sense to issue a coin but because they have a product they can sell and raise money. Without a coin there is no business model. This creates the imbalance of incentives in the community at the moment." Buterin continued, "I indeed think that we are in a bubble because all the cryptocurrencies are rising and people have a feeling that they will always continue to rise. A lot of projects are raising more money than what they w Continue reading >>

Ripple Co-founder Worth As Much As Google's Founders As Xrp Price Surges

Ripple Co-founder Worth As Much As Google's Founders As Xrp Price Surges

Chris Larsen, the co-founder and executive chairman of the blockchain company Ripple, saw his net worth soar to $59.9 billion (on paper) on Thursday, according to a report from CNBC . This made himtheoreticallyone of the five richest people in America, worth more than Google founders Larry Page ( $50.7 billion ) and Sergey Brin ( $49.3 billion ). How did Larsen suddenly leapfrog some of the wealthiest people in the tech industry? The answer lies in the rapid rise of Ripples cryptocurrency XRP, the fast-growing cryptoasset of 2017. Ripple is a San Francisco company that operates a blockchain-based payments network, which it claims is used by more than 100 financial customers, including American Express and Santander. The company first released the XRP cryptocurrency in 2012 , presenting it as a faster and more scalable alternative to Bitcoin. XRPs value rose by 36,000 percent in 2017, outperforming better known coins like Bitcoin, which rose by about 1,300 percent, and Ethereum, which rose by about 9,100 percent. Thats partly because Ripple started much smaller, worth less than one cent per XRP going into 2017. The price made it to around 20 cents per coin last summer. But its growth rapidly accelerated in December, when it jumped to over $2 over the course of a few weeks, around the same time as Bitcoin made its major leaps and conversation about cryptocurrencies broke into the mainstream. Last week, Ripple surged ahead of Ethereum and became the second most valuable cryptoasset, behind Bitcoin, in market cap (the total value of all of its coins). XRP peaked at $3.84 on Thursday, sending Larsens worth (on paper) to its astronomical levels. Larsen himself reportedly owns 5.19 billion XRP and has a 17 percent stake in Ripple, which in turn owns 61.3 percent of all XRP. ( Continue reading >>

Meet Vitalik Buterin, The 23-year-old Founder Of Bitcoin Rival Ethereum

Meet Vitalik Buterin, The 23-year-old Founder Of Bitcoin Rival Ethereum

Ethereum is up 4,100 percent year to date, CNBC reports , and made headlines this week when its price plummeted from $319 to just 10 cents in seconds. (It later rebounded.) But what people may not realize is that ethereum's founder, Vitalik Buterin, is only 23 years old. Buterin has become a celebrity in the cryptocurrency space and is credited with co-founding Bitcoin Magazine in 2011. He has more than 90,000 Twitter followers and posts frequently about the industry's latest news . He was a 2014 recipient of billionaire Peter Thiel's prestigious fellowship and last year, he was included on Fortune's 40 under 40 list . Here's a little history on the founder: Buterin was born in Moscow, according to a feature by Wired's Backchannel last year. At 6 years old, he moved with his family to Canada. He was considered a math genius from an early age and was placed in a gifted program in the third grade, the publication reports. Buterin reportedly first grew interested in bitcoin when his father introduced him to the concept, and he soon became an expert in the emerging field. In 2011, he launched the cryptocurrency's eponymous magazine. In May 2013, the 19-year-old programmer traveled to California to a cryptocurrency conference led by the Winklevoss twins. According to Backchannel: Veterans of the dotcom era drew comparisons between cryptocurrencies and the dawn of the Internet. Booths showed off new hardware wallets, merchant payment platforms, and Bitcoin ATMs. And Buterin witnessed it all as a representative of Bitcoin Magazine. The San Jose event was Buterin's first glimpse at the living, breathing community cropping up around the cryptocurrency economy. "That moment really crystallized it for me," he tells the publication about the experience. "It really convinced me tha Continue reading >>

Vitalik Buterin, 23

Vitalik Buterin, 23

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Ethereum Creator Vitalik Buterin's Utopian Dream Created A Nine-figure Fortune

Ethereum Creator Vitalik Buterin's Utopian Dream Created A Nine-figure Fortune

Ethereum Creator Vitalik Buterin's Utopian Dream Created A Nine-Figure Fortune This story appears in the February 28, 2018 issue of Forbes. Subscribe Crypto Net Worth: $400 million-$500 million* Gaunt and boyish, with close-cropped blond hair and piercing blue eyes, Ethereum creator Buterin might be the most recognizable person in crypto. As a teenager, he launched Bitcoin Magazine , dropped out of college to accept a Thiel Fellowship, then began traveling on his Bitcoin--and ruminated on its limitations. Those travels inspired him to write the Ethereum white paper, which proposed an open source platform for more complex financial instruments aimed at the economically marginalized rather than just a currency like Bitcoin. Some $100 billion of market cap later, Ethereum is believed to have a greater number of developers building on it than any other blockchain community. Utopian visions come with a cost: Buterin, 24, says he has less than 0.4% of the circulating supply of Ether. "A lot of people cheer the wealth redistribution that's coming from cryptocurrency because they think, oh, it's old money that's being disempowered and flashy new tech money that's being empowered," says Buterin, whose invention now collaborates with the likes of Microsoft, BP and JPMorgan Chase. "But I'm skeptical that people involved in cryptocurrency are better people than people involved in the banking system." He adds, "If crypto succeeds, it's not because it empowers better people. It's because it empowers better institutions." *All cryptocurrency/U.S. dollar conversions are as of January 19, 2018. Continue reading >>

Ethereum's Co-creator Predicts A

Ethereum's Co-creator Predicts A "flippening" With Bitcoin In 2018

Ethereum co-creator Steven Nerayoff says increased projects built on the cryptocurrency could trigger a "flippening" in 2018, in which ethereum overtakes bitcoin. "What you're seeing with ethereum is exponential increase in the number of projects there are billions of dollars being poured into the ecosystem right now maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year," Nerayoff said Monday on CNBC's "Fast Money." While bitcoin was designed to function as a peer to peer electronic payment system, ethereum was designed for smart contracts that execute when specific conditions are met. Nerayoff, who helped craft token sales for the ethereum project, said businesses in an increasingly wide variety of industries are starting to take note of what value Ethereum's protocol could offer them. "You're seeing a tremendous amount of growth across a wide variety of industries. Fintech is actually the natural area, but now you're seeing it becoming increasingly more creative you find projects in the oil and gas industry, you're finding government using it in their applications, you're seeing it in gaming, all kinds of different areas," Nerayoff said. Beyond project building, Nerayoff said usage is increasing because ethereum can process transactions more quickly and cheaply than its rival. "People are actually using it for currency, as well," he said. "Lower transactional costs are increasing usage of the entire network, and that's increasing the network effects of it. There are more users, more projects being built on there and more programmers," he said. Despite his confidence, Nerayoff isn't discounting bitcoin and the interest in cryptocurrency it inspired in 2017. "The entire space is Continue reading >>

Forbes Crypto Rich List: Ripple Royalty, Winklevoss Twins, & Tim Draper

Forbes Crypto Rich List: Ripple Royalty, Winklevoss Twins, & Tim Draper

Forbes Releases Crypto Rich List: Ripple Royalty, Winklevoss Twins, & Tim Draper In a seemingly unforgiving market, there are clearly winners and losers. From early investors to industry entrepreneurs, lets take a look at the ultra-wealthy blockchain winners grinning with satisfaction as they roll in the doughor shall we say coins. 1. Chris Larsen Age 57 Net Worth $7.5 to $8 Billion Ripple Cofounder At the top spot, we have Chris Larsen, a San Francisco native known for co-founding well-known silicon valley startups such E-Loan and Prosper Marketplace. Right now, the business mogul owns 5.2 billion XRP and is attempting to grow Ripple through various partnerships in the blockchain world as its executive chairman. 2. Joseph Lubin Age 53 Net Worth $1 to 5 Billion Ethereum Cofounder Lubin is rumored to be holding around $10 billion worth of Ether and was one of the biggest investors in its crowdsale. However, he says hes been slowly selling the coins to pay for the projects funding. Moreover, Lubin is the founder of ConsenSys, a roughly 600 employee blockchain software technology company with currently 6 offices in 5 countries. 3. Changpeng Zhao Age 41 Net Worth $1.1 to $2 billion Binance CEO & Founder In the summer of 2017, Zhao launched Binance, a once-obscure exchange which now serves over 6 million users. According to Forbes, it is currently the worlds largest crypto-exchange. While earning money from the site, Zhao is also said to be the main holder in the exchanges native digital asset Binance Coin (BNB), which has a total supply of nearly 200 billion BNB and trading for around $8 per coin. 4. Cameron & Tyler Winklevoss Ages 36 Net Worth $900 to $1.1 billion Early Bitcoin Investors & Gemini Founders People often remember the Winklevoss twins from their famous lawsui Continue reading >>

Vitalik Buterin: The Cryptocurrency Prophet

Vitalik Buterin: The Cryptocurrency Prophet

Vitalik Buterin: The cryptocurrency prophet Vitalik Buterin: The cryptocurrency prophet Bitcoin makes it possible to send money around the world with no fees, banks or governments required. Buterin, now 23, has upped the ante envisioning a way to apply that idea to everything else and usher in Web 3.0, the looming decentralized version of the Internet, the possibilities of which are limitless A small group gathered at Paupers Pub in Torontos Annex neighbourhood on a Saturday afternoon in November 2012 to talk about Bitcoin. Anthony Di Iorio, now a well-known serial entrepreneur, had organized the get-together, having recently heard the gospel about the then-little-known cryptocurrency and become a convert. Concerned about the health of the financial system, he sold his Toronto rental properties, purchased some bitcoins and was looking for like-minded people to share his newfound zeal. Di Iorio created the event on the site Meetup.com: This will be the first Bitcoin meetup in Toronto. Lets just get together and see what happens. A handful of people he had never met signed up. One pale and gangly attendee said no thank you to the beer, pub food and most social interaction. His name was Vitalik Buterin and he was a first-year student at the University of Waterloo in southwestern Ontario, where he was studying computer science. He didnt talk much. There was no real conversation with him. He was just literally shaking, Di Iorio says. Over the meetups we got to know him better. Turns out, Buterin wasnt your average shy teen computer whiz. The year before with a friend from Romania, he had founded the print publication Bitcoin Magazine. Buterin was building a name for himself among the cryptocurrency community. A few months after that gathering in Toronto, he dropped out of u Continue reading >>

Ethereum Co-founder Vitalik Buterin Has Left Vc Firm Fenbushi Capital

Ethereum Co-founder Vitalik Buterin Has Left Vc Firm Fenbushi Capital

Vitalik Buterin , the high-profile co-founder of Ethereum, has quietly left China-based investment firm Fenbushi Capital , TechCrunch understands. Fenbushi was founded in 2015 and its $50 million fund was one of the first to actively put capital into blockchain companies through seed investments and participation in ICOs. As one of the most visible funds, it picked up stakes in dozens of firms no doubt helped by its connection to Buterin, who is synonymous with Ethereum. Buterin was never full-time as he juggled the role with his work for the Ethereum Foundation. Heis still listed as a general partner on the firms website, but he confirmed to TechCrunch that he is no longer involved full-time. He will, however, retain a role as an advisor. Fenbushi did not respond to a request for comment. In a lengthy statement released to TechCrunch, Buterin explained that he plans to spend more time ensuring that Ethereum fulfills its potential as a platform. 2017 really has been the year where hype in crypto, including financial hype and social hype in general has far exceeded the reality of what existing blockchain systems can offer. There is a lot of attention, and a lot of eager expectation, but as far as reality goes the practical usability of blockchains has in some cases even regressed due to rising transaction fees. I expect 2018, at least within the Ethereum space that Im best able to speak about, will be the year of action. It will be the year where all of the ideas around scalability, Plasma, proof-of-stake, and privacy that we have painstakingly worked on and refined over the last four years are finally going to turn into real, live working code that you can play around in a highly mature form in some cases on testnets, and in some key cases even on the public mainnet. E Continue reading >>

Ethereum Creator Wonders Whether His Currency Should Be Scarcer

Ethereum Creator Wonders Whether His Currency Should Be Scarcer

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Ethereum Creator Wonders Whether His Currency Should Be Scarcer In a rare interview, Vitalik Buterin frets over ether supply Notes voodoo economics of digital tokens with no limits Vitalik Buterin, the inventor of the ethereum blockchain, may have created too much of a good thing. The 23-year-oldhelped sell one of the first digital currencies in 2014 when he introduced ether to the public. Three years later hes witnessed scads of other digital currencies raise more than $3 billion in 2017 via so-called initial coin offerings. The sheer number of coins now being created has made him ponder the previously imponderable: limiting the supply of ether. Photographer: David Paul Morris/Bloomberg Im concerned a lot of these token models arent going to be sustainable,Buterin said in a rare interview last week at the Ethereum Developers Conference in Cancun, Mexico. So whats the problem? Theres a hard limit -- 21 million coins -- on the supply of bitcoin, the first successful cryptocurrency, that helps underpin its value. Buterin isnt mulling a cap like that, but hes intrigued by the idea of imposing fees on applications built atop ethereum. Those fees would destroy -- or burn, in Buterins parlance -- ether tokens over time. If the token is being burned, then you have an eco Continue reading >>

Vitalik Buterin Net Worth

Vitalik Buterin Net Worth

Vitalik Buterin net worth: Vitalik Buterin is a Russian-Canadian programmer and writer who has a net worth of $200 million. Vitalik Buterin was born in Kolomna, Russia in January 1994. He co-founded the platform Ethereum and Bitcoin Magazine. He learned about bitcoin from his father when he was 17 years old. Buterin won the Thiel Fellowship for $100 thousand before working for Ethereum full time. He wrote articles about bitcoin for five bitcoin each and then he became the co-founder and lead writer for Bitcoin Magazine in 2011. Vitalik Buterin co-created and invented Ethereum which is a "decentralized mining network" and a "software development platform" related to facilitating the creation of new cryptocurrencies and programs sharing a single block chain. In 2014 he won the World Technology Award and he was also named to the Fortune 40 under 40 list in 2016 and the Forbes 30 under 30 list in 2018. Ether net worth: It is believed that Vitalik owns 365,000 Ether. At one point he owned 405,000 Ether. When Ether briefly traded at $1400, Vitalik's paper net worth was $567 million. As of this writing, Ether is trading at $900, which means Vitalik's 365,000 Ether have a paper net worth of $300 million. Continue reading >>

Vitalik Buterin - Wikipedia

Vitalik Buterin - Wikipedia

Vitalik Buterin (Born January 31, 1994. Russian : ) is a Russian - Canadian programmer and writer primarily known as a co-founder of Ethereum and as a co-founder of Bitcoin Magazine . [1] [2] [3] Buterin was born in Kolomna , Moscow Oblast , Russia to Dmitry Buterin, a computer scientist and Natalia Ameline (ne Chistyakova).[ citation needed ] He lived in the area until the age of six when his parents emigrated to Canada in search of better employment opportunities. While in grade three of elementary school in Canada, Buterin was placed into a class for gifted children and started to understand that he was drawn to math, programming, and economics. He also had the ability to add three digit numbers in his head at twice the speed of his peers. [4] . Buterin attended the Abelard School, a private high school in Toronto, for four years [5] , which he said "proved to be among the most interesting and productive years of my life; the closer connection between students and teachers [and] the level of depth at which the material was taught, made me want to learn, and to focus on learning as my primary goal" [6] . Buterin has written that although he was "never particularly inspired by the traditional education system" [7] , when subjects were presented with "dedication and focus on intellectual inquiry", he "noticed my attitude and my results almost immediately and drastically change. Education is ultimately much more than simply memorizing individual facts, or even learning individual concepts. [What] matters most: learning how to think, learning how to reason and learning how to learn." [8] Buterin learned about Bitcoin from his father at 19. [9] In 2012, he obtained a Bronze Medal in the International Olympiad in Informatics. [10] In 2013 he visited developers in other cou Continue reading >>

Bitcoin Creator Satoshi Nakamoto Is Among The 50 Richest People

Bitcoin Creator Satoshi Nakamoto Is Among The 50 Richest People

Join our community of 10 000 traders on Hacked.com for just $39 per month. Satoshi Nakamoto, a person or a group who founded bitcoin in 2009 by mining the genesis block, has become one of the 50 richest people in the world with a net worth of $19.4 billion. For many years, bitcoins mined by Satoshi Nakamoto have remained unspent, all 980,000 of it. If the price of bitcoin continues to increase exponentially in the mid to long-term, Satoshi could become the most valuable individual or organization globally. Currently, Satoshi Nakamoto is listed behind Lauren Powell Jobs of Apple and Disney, Paul Allen of Microsoft, and Stefan Persson of H&M on the Forbes billionaires list and is the 44th richest person. Earlier this week, Standpoint Research founder Ronnie Moas predicted the price of bitcoin to surpass $400,000 in the long-term. Moas noted that the adoption rate of bitcoin as a premier store of value and currency is increasing rapidly and with the entrance of institutional investors into the market, the value of bitcoin will surge further in the coming years. A $400,000 price per bitcoin would place the market valuation of bitcoin at exactly $8.4 billion, a market cap that is $1.4 trillion larger than that of gold. At $400,000 per bitcoin, the net worth of Satoshi would increase to $392 billion. If Satoshi is an individual, that would produce the first individual to surpass $100 billion in net worth. In the past, the mainstream media criticized the so-called whale problem in bitcoin, given that a small group of individuals own the majority of the cryptocurrencys supply. In the bitcoin market, whales are often referred to early-stage investors who have purchased large amounts of bitcoin in its early days. Some of the whale investors include the Winklevoss twins, who have Continue reading >>

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