Everipedia is one of the blockchain-based projects that aims at revamping the world of online encyclopedia through the employment of the revolutionary blockchain technology. BlockPublisher recently got in touch with Chief Executive Officer of the platform, Theodor Forselius, as he explained the project in detail (the link to which can be found here) and shared his thoughts regarding blockchain tech and bitcoin overall.
Since bitcoin presents forward one of the first use-cases of blockchain technology, it is only natural to think about where it is headed in the future. In reply to the question regarding whether bitcoin will become a global digital currency or will it become the next gold, Theodor shared his personal opinions saying:
Theodor: “I definitely think bitcoin is here to stay, just because it was like the first coin and it’s definitely going stay in the future but I’m not really sure if it’s going to be used as a store a value or as like an actual like currency, it’s very hard to tell.
Obviously now the price has stabilized a bit and now people in the space are arguing that this is the way it’s supposed to be, it’s supposed to be stable so that you can use it as a currency. And then when it goes up everyone is like oh it’s actually like a store of value, it’s supposed to be like seen as a virtual gold. So I’m not sure. But I I do think the price of bitcoin will go up as blockchain becomes more mainstream and continues to grow in a more organic matter than it has until now. ”
Bitcoin is the leading cryptocurrency in the world right now in terms of market capitalization and its price does seem to have a significant effect on the entire market. 2018 did not turn out to be a good year for the asset. Moving into 2019, there are some major developments lying ahead that might help the asset grow and mature. Demands for regulatory frameworks are growing stronger and if regulations come in this space, they might help curb out the negative and illegal aspects that are largely linked with the digital asset.
Eyes are also focused on the decision that is going to be made by the United States Securities and Exchange Commission (SEC) regarding the approval of a bitcoin exchange-traded fund (ETF). This might help the asset get more acceptance from the institutions. Platforms like Bakkt are also trying to make their place in this space. All of these will help this nascent market get more developed and mature. It will be interesting to see how things turn out and if bitcoin is able to outgrow itself from its negative and illegal usage. While some say bitcoin will die out soon, as per Theodor and many others in the crypto game, bitcoin is here to stay.
Bloq CEO Jeff Garzik Subpoenaed Over Craig Wright’s Satoshi Claim
Jeff Garzik, an early bitcoin developer and the CEO of blockchain startup Bloq, has been served a subpoena by a court in the U.S. ordering him to provide information relating to an ongoing lawsuit involving Craig Wright, the Australian cryptographer who has claimed he is bitcoin creator Satoshi Nakamoto.
Garzik shared the subpoena document on Friday, which shows that the U.S. District Court for the Southern District of Florida has asked him to provide all documents that support his “personal theory” that the late Dave Kleiman is Satoshi Nakamoto. (Garzik claimed that Kleiman is Satoshi Nakamoto back in November in an interview with Bloomberg.)
“My personal theory is that it’s Floridian Dave Kleiman. It matches his coding style, this gentleman was self-taught. And the bitcoin coder was someone who was very, very smart, but not a classically trained software engineer,” he said at the time.
Kleiman, a forensic computer investigator, passed away in 2013 following a battle with MRSA. Last year, his brother Ira Kleiman sued Wright, alleging that he misappropriated billions of dollars’-worth of bitcoin from the estate of Dave Kleiman, his former business partner.
The suit accuses Wright of scheming to “seize Dave’s bitcoins and his rights to certain intellectual property [IP] associated with the bitcoin technology,” and is seeking return of a good portion of the 1.1 million bitcoins (worth roughly $4.3 billion as of press time) mined by the two, or its “fair market value,” as well as compensation for IP infringement.
Last April, Wright filed a motion to dismiss the case against him. However, back in December, the court denied most counts of Wright’s motion.
As per Friday’s subpoena document, Garzik has also been ordered to provide all direct and third-party communications and documents related to both Wright and Kleiman, as well as those related to Silk Road and Mt. Gox among a total of 28 requests.
Garzik now has 30 days to provide all the information to the court, according to the document.
Mt. Gox CEO Mark Karpeles found guilty of electronic tampering but cleared of embezzlement charges
- Mt. Gox used to be the biggest crypto exchange in the world until they got hacked for $500 million worth of bitcoins in 2014.
- The Tokyo District Court gave Mt. Gox CEO Mark Karpeles a two-and-a-half year suspended sentence and cleared him of embezzlement charges.
Mark Karpeles, the former chief of the now-defunct Mt. Gox bitcoin exchange, won a non-guilty verdict on embezzlement charges but was found guilty of electronic tampering. The Tokyo District Court has given him a two-and-a-half year suspended sentence, which means he won’t have to serve jail time unless he commits another violation within the next four years.
Mt. Gox used to be the biggest crypto exchange in the world until they lost $500 million worth of bitcoins in 2014. Karpeles was indicted on a host of charges and has been on trial for embezzlement since 2017. Karpeles’ lawyers wrote in their final argument to the court:
“Mt. Gox did not collapse because of the defendant’s [Karpeles’] wrongdoing. On the contrary, the defendant was trying his hardest every day to prevent its collapse.
Stellar hires longtime Mozilla Chief Operating Officer as its new CEO
- Dixon will join the company as the new CEO on May 1.
- The incumbent CEO and founder, Jed McCaleb, will move on to the role of Chief Architect.
Longtime Mozilla Chief Operating Officer Denelle Dixon will join Stellar as its new CEO on May. She will be succeeding Stellar founder Jed McCaleb. McCaleb will now move on to the role of Chief Architect, in which he’ll focus on protocol growth and adoption strategies.
In a post titled “Why I’m Joining Stellar” Dixon stated:
“I know that I am at my very best when my work has a purpose, and when I’m pushing for change. And that’s why, on May 1, I am joining the Stellar Development Foundation as the Executive Director and CEO….Throughout my professional career I’ve seen that when an organization embraces openness, attends to the community, and owns a mission, it inspires innovation and harnesses constituency power. I’m extremely excited to bring all I’ve learned to Stellar and to the Stellar Development Foundation.”
Jed McCaleb was extremely excited to have Dixon on board. He said:
“We’re thrilled to have Denelle lead the Stellar Development Foundation through its next phase of growth. Denelle’s long experience leading operations and business at Mozilla, as well as her work on the policy side, with advocacy around Open Internet and encryption and privacy, will be indispensable to SDF in the coming years.”