“We all scattered to the winds,” Hoskinson told me. He eventually started a crypto company called IOHK, and a blockchain project called Cardano. “Now I run my own company, with a hundred and sixty people,” he told me. “I’m basically a billionaire. At this point, I couldn’t care less about those six months of my life with Ethereum.”
As first reported by The Information, a cadre of major educational institutions including Harvard University, Stanford University, Massachusetts Institute of Technology, Dartmouth College, and the University of North Carolina have each invested in at least one cryptocurrency fund through their respective endowments.
Most people think #Bitcoin’s PoW is “wasteful.” In this article, I explore how everything is energy, money is energy, energy usage is subjective, and PoW’s energy costs relative to existing governance systems.* This article is a collection of direct thoughts from many individuals in the space — my value add was in the aggregation, distillation, and combination of narratives.