Alexis Ohanian news

Co-founder and executive chairman of Reddit

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Reddit’s Alexis Ohanian Believes Blockchain Gaming is the Next Big Use Case Application for DLT

Alex Ohanian is the co-founder of Reddit. He also happens to co-own Cloud 9, which is amongst the most valuable esports teams globally. He has a strong belief that gaming powered by the blockchain will be huge. He shared his thoughts recently in a tweet while sharing an article by the co-founder of Horizon Blockchain Games Peter Kieltyka. This is gonna be big.A New Dimension of Gaming by @peterk https://t.co/EQCHCw1pzq — Alexis Ohanian Sr. (@alexisohanian) November 29, 2018 It is the first time a major backer of esports has publicly said that blockchain gaming would be huge. Ohanian made an investment into the Series A round for Cloud9. The round also saw Joe Montana, the Hall of Fame quarterback and outfielder Hunter Pence, both from the San Francisco Giants. What The Article Had To Say Kieltyka broke down the value proposition of bringing blockchain tech into the video game world. He talked about true digital asset ownership, mass collaboration, provable fairness, interoperability, and play to earn gaming. Here is a bit more detail on these concepts: • True Digital Ownership With the blockchain, it is possible to create a world where players have full ownership of each card, coin, and collectible even when they leave the original game. The digital assets can be placed in a digital wallet, which will give players full control over them. This could lead to a world of interoperability in gaming besides the major economic potential. Players will be able to buy and sell their assets when and how they want. • Provable Fairness By its nature, the decentralized world is immune to malicious players. Those who use them consider DApps trustless. This is because each DApp is self-governing. This helps to ensure that the rules are open to all. It is impossible to forge a move with the blockchain, which will ensure provable fairness to gaming. • Play To Earn With smart contracts, players can take part in games where they earn assets, which they can then sell for crypto or fiat. • Interoperable Economies The blockchain makes it possible to create a standardized economy where apps can build a network of goods, rewards, and players. Thus, players are able to move between the gaming economies with few issues. The in-game items are tokenized items that can be traded or converted for another crypto. In essence, the entire gaming world could be connected by the blockchain. • Mass Collaboration The value of the blockchain games is at the protocol level. These games will be open source with the value being in the in-game items. This will allow players to modify games in new and interesting ways. What Those In The eSports World Feel While there is a lot of enthusiasm in the crypto world about the potential that blockchain tech hold for gaming, those in the esports world are skeptical. They do not believe that it has any potential. In fact, many think it is merely a money grabbing scam. Only time can tell if the goals of many blockchain gaming organizations will go mainstream. Despite this, they have at least begun the conversation of in-game assets and their true ownership.
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Does Bitcoin And Crypto Market Need To Crash To Get Better? Reddit’s Alexis Ohanian Thinks So

Critics and experts of cryptocurrency alike have their ideas about what could make the market work in their favor. However, Reddit founder Alexis Ohanian recently was interviewed by CNBC, saying that he does not see the market reaching greater maturity and stabilization without having a crash. This coincides with the seemingly continued crash that the market has gone through in the last few days. To create a stronger future for cryptocurrency as a whole, the founder believes that software development and a more supportive infrastructure are key. Furthermore, by allowing the market to reach a crashing point, he believes that the weaker tokens would filter out, like the ones that are in for a fast buck. The innovations of the community right now are making it possible for the cryptocurrency community to survive for the long-term. Even though the blockchain technology proposals have not been as big in quantity, Ohanian believes that they have a greater likelihood of success than the projects that came around last year. Bitcoin has been going through some troubles in the last few days, bringing in the biggest losses since March 2018. However, despite coming down to $5,202 on November 15th, the trading seems to have picked up slightly. According to CoinMarketCap at 10:15am PST, the current price of Bitcoin is $5,532.24, though some investors believe that this downturn has to do with the recent BCH fork, like Brian Kelly. Kelly is the founder and CEO of BKCM. Others are as bold as to suggest that they saw this coming all along, like Mati Greenspan from eToro. Greenspan said, “The movement we saw today seemed to be the run-of-the-mill volatility surrounding Bitcoin and a breakout that’s been weeks coming….It’s difficult to say where it ends. No one can really predict.” Clem Chambers, a Forbes contributor, also noticed the connection with the spike in bonds lately. He commented, “The obvious culprit causing this dump is Bitcoin Cash, the ‘wannabe’ Bitcoin usurper, which forked from Bitcoin last year. It is forking again and there are competing forks and all sorts of conniptions are expected. It sounds plausible this is causing the move but the fact the bond market spiked at the same time suggests something else is going on to me.” The head of trading at Asia Pacific of Oanda Corporation, Stephen Innes, said the crash was worse than originally anticipated. It is clear that the uncertainty of which Bitcoin chain will take the dominant role has shaken up the cryptocurrency community. Still, Ohanian believes that this is just a necessary step to bring the focus to what is important.
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Reddit’s Alexis Ohanian Pegs 2018 Crypto Bear Market as Being Great for Blockchain Innovation

Ohanian, a co-founder of Reddit has a belief that the dropping prices of crypto seen in 2018, is good for the blockchain world. It will make it possible to get work done with fewer temptations or any distractions. Ohanian Loves Crypto Alexis Ohanian is one of the most renowned bulls in the crypto world. He believes the Bear market is excellent for innovation. He created Reddit from his dorm room in 2005. After a few years, the site became quite popular with the Bitcoin community. This made it possible for the innovator to observe and learn about the tech and the community. Ohanian was able to develop a keen interest in crypto and the supporting tech. In 2013, he took a hands-off approach to Reddit. Instead, he gave most of his time to a venture capital fund called Initialized Capital. The early stage venture firm invested in Coinbase and various other startups in the crypto space. Recent Interview He recently gave a joint interview with Garry Tan, a partner at Initialized Capital talking about crypto. He also talked about what factors they consider when picking a startup. First, they talked about how they chose a startup in the crypto world. Tan said that they evaluate crypto and non-crypto startups in a similar manner. He said that if a company showed promise compared to the rest, it made little difference to them whether it was crypto related or not. Ohanian was in support of this. However, he added the venture firm had a belief that the blockchain offered cheaper, faster, and better services. Current Market Conditions The pair were also questioned about the current conditions of the market. In response, they both said that the situation might be a phase or permanent. The dual agree that prices would eventually start to rise. According to him, the push upwards would be motivated by real use cases. Instead of concentrating on the falling prices, the pair believed the focus should be on the positive aspects of this bear market. Tan said that bursting the 2017 bubble would make it possible for developers to pay more attention to important aspects. For instance, they could focus on real use cases than prices of tokens. According to Ohanian, when this happened last, BTC fell from $1000 to just $250. This lasted for a few years until around 2017. He also said the price flux had forced most speculators to leave the crypto world. Thus, this would allow the crypto world to grow. As a result, those who really want to build great projects, not pushed by quick earnings would work closely together. However, Ohanian never talked about his prices call for ETH in early 2018. In May, he had said that ETH would reach $15,000 by the end of the year. However, things did not work out as he had planned; the price has remained at around the $213 mark with no signs of any surge.
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Reddit’s Alexis Ohanian Talks Early Bitcoin Investments and Crypto Market Performance

Reddit’s Alexis Ohanian Still Has Faith In Bitcoin, Despite Market Performance Alexis Ohanian’s experience has been fairly atypical and exciting for the last year. In September last year, he welcomed a child with partner Serena Williams. In February, he made the choice to step away from Reddit as he developed a venture capital firm called Initialized Capital, leaving Reddit to their own devices under the ownership of Condé Nast. Now, it is time to focus on the things that are the most important. On the decision to change things up, Ohanian said, “I’ve wanted for a long time to get back to early stage founders to be the ‘first check’ in Initialized. It’s a lot of fun, frankly. I get to come home and have really good dinner table conversations about the things I did at work, and it’s always [about] meeting new founders, learning about the future and then sometimes rolling up my sleeves.” Initialized Capital was actually founded with Garry Tan in 2011, and they have since been responsible for the financing of many ventures, like Instacart and Cruise. Ohanian’s work as an investor in Bitcoin and Coinbase is part of the reason he still is bullish on these types of cryptocurrencies. He predicts, “As a store of value, there is some real traction [with bitcoin], and actually as we’re seeing in countries like Turkey that are having significant economic crisis — where people are losing faith in the Turkish lira — we’re going to see money move over to bitcoin because as unstable as it is, it is actually a lot more stable for a lot of people than their own nations’ fiat currency. But right now, we’re still in the earliest, earliest stages.” Ohanian and Tan are in good company as supporters of cryptocurrency. Venture capitalist Tim Draper, CEO Barry Silbert of Digital Currency Group, and Gemini creators Tyler and Cameron Winklevoss. There are plenty of ways that Bitcoin is making its way into mainstream use, as coin holders are able to purchase jewelry, order items on Overstock.com, and make hotel accommodations. Even with the volatility, there are still some signs that the industry is alive and kicking in various use cases and other beneficial investments. Even this month, Coinbase announced that they modified their technology in a way that opened the door for $150,000 billion in transactions in 2017 alone. Ohanian expressed his optimism, saying, “No matter what the currency prices are doing, seeing more and more people creating accounts … shows more and more adoption, and their end game is to be this interface between people, their fiat money and crypto — it would be the most user friendly trusted safe secure way to do it. I just encourage people not to get too, too invested in the speculation around the day-to-day trading of the currencies.” Along with his beliefs regarding cryptocurrency, Ohanian is also optimistic about the use of artificial intelligence to help with the analyzation of digital images. This technology is already employed by Pinterest, Facebook, and Amazon. Initialized Capital has invested in a project called Standard Cognition, which offers a similar experiment to Amazon Go. Expanding on AI technology, Ohanian elaborated, saying: “This is a narrower definition of artificial intelligence. You’re not teaching a robot to have a conversation; you’re not teaching a robot to be a human. You’re teaching a robot just to see a very specific thing, and because of the way processing power has grown and that the cost for it has declined we have companies like Standard Cognition which is doing real-time computer vision to basically reproduce Amazon and go for any other retailer. So now they can set up some basic cameras and in real time know, ‘here is this entity walking in.’ They’ve picked up this jar of peanut butter and this thing of a coffee, and they can walk out and get charged for it without having actually do a manual check-out process.” There is no certainty in this endeavor at all, which is just like every other investment opportunity and stock option. However, as long as investors like Ohanian are still around, the likelihood of success may easily jump.
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Reddit’s Cofounder Alexis Ohanian Keeps His Prediction: BTC at 20k and ETH at 1.5k by 2018 Are His Bets

In an interview for CNBC, Alexis Ohanian spoke about the stability of Bitcoin (BTC) as the cryptocurrency par excellence within the crypto sphere. For Mr. Ohanian, Bitcoin (BTC) has already been battle-tested and has proven victorious. The co-founder of Reddit and Initialized Capital comments that Bitcoin is “certainly the most robust” crypto right now and is also “one of the best proofs” that cryptocurrencies are an excellent means of storing value, especially in times like the ones we have today. He argued that his prediction of the value of the two main cryptos in the global market cap has strong chances of being met. For the famous investor, Bitcoin will reach at least 20k, and Ethereum will reach 1.5K before the end of the year. He commented that Bitcoin is a good investment despite the high volatility of prices. Scalability efforts and its growing adoption make it an exciting option for those with a long-term vision. “As volatile as it’s been, we see [Bitcoin] continuing to go up over the long term.” According to Mr. Ohanian, Bitcoin (BTC) and cryptos, in general, can not only contribute to building a better economic system but also a better way to interconnect data Better Times Ahead Ohanian believes that thanks to cryptos it is possible to promote the construction of a “new internet” based on “the idea of being able to browse with a store of value.”   Internet of Value / Courtesy: Z-punkt.de Internet of value is an idea that has been circulating over the last few years, even though it has not yet become a reality. Despite these difficulties, Ohanian sees cryptos as a “changing sign of the times” and as a “viable alternative that is showing more and more credibility over time.” However, unlike some anarchists and maximalist enthusiasts who overestimate the influence of cryptocurrencies, Ohanian was explicit in mentioning that he is “not calling for the end of fiat or anything like that.” Ohanian Invests in a Better World He commented that with the creation of Initialized Capital, he seeks to invest in startups that have a development potential within the crypto money ecosystem. In his statements he mentioned that his VC firm was one of the first to invest in Coinbase during its birth: “We’re looking for those companies who are building the robust but very unsexy infrastructure that’s probably not going to make a headline anytime soon.” The post Reddit’s Cofounder Alexis Ohanian Keeps His Prediction: BTC at 20k and ETH at 1.5k by 2018 Are His Bets appeared first on Ethereum World News.
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project
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BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust https://www.altcoinbuzz.io/crypto-news/finance-and-funding/leading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust/?fbclid=IwAR2AlAU_C_8Mm9CUm2hDci0pmdW3pvLzphS-BSy888SzDptaXMeifxZgJ1I Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) https://www.cryptoglobe.com/latest/2019/01/crypto-investment-firm-grayscale-launches-fund-dedicated-to-stellar-lumens-xlm/ Grayscale Tweet https://twitter.com/GrayscaleInvest/status/1085904356635959297?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085904356635959297&ref_url=https%3A%2F%2Fwww.altcoinbuzz.io%2Fcrypto-news%2Ffinance-and-funding%2Fleading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust%2F Grayscale https://grayscale.co/stellar-lumens-trust/ BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading https://dailyhodl.com/2019/01/17/bitgo-ceo-says-institutional-money-in-crypto-can-easily-reach-trillions-of-dollars-as-company-launches-cold-storage-trading/ Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade https://www.bloomberg.com/news/articles/2019-01-16/crypto-s-billion-dollar-theft-problem-prompts-safer-way-to-trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople https://www.trustnodes.com/2019/01/17/ethereum-chain-splits-an-estimated-10-of-miners-stay-on-constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed https://www.altcoinbuzz.io/crypto-news/product-release/ethereum-upgrade-constantinople-hard-fork-delayed/ VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 https://www.newsbtc.com/2019/01/17/vaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019/ Nasdaq Tweet https://twitter.com/Nasdaq/status/1085522054559031296?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085522054559031296&ref_url=https%3A%2F%2Fwww.newsbtc.com%2F2019%2F01%2F17%2Fvaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019%2F -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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