Bitcoin.com co-founder sold all BTC due to its riskiness

Bitcoin.com co-founder and CTO Emil Oldenburg switched to Bitcoin Cash and sold all of his BTC explaining it by the high risk of investment in Bitcoin
19 December 2017   1265

Emil Oldenburg, co-founder and Chief technology officer of Bitcoin.com, which is one of the world’s largest Bitcoin websites, has expressed his extremely sceptical concers about Bitcoin cryptocurrency and its future in an interview with Swedish tech website Breakit.

I would say an investment in Bitcoin is right now the riskiest investment you can make. There’s an extremely high risk.
 

Emil Oldenburg
Co-founder and CTO, Bitcoin.com

Mr. Oldenburg claimed that he had recently sold all the Bitcoins and switched to Bitcoin Cash due to the riskiness of Bitcoin investing, issues with Bitcoin high transaction costs, lead times, and lack of Bitcoin market liquidity

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $18 276,50
  • Marketcap: $306 156 962 100
  • 24h volume: $16 323 600 000

It is worth reminding that Cboe and CME exchanges have recently launched Bitcoin futures trading.

Lightning Network Wallet by Breez to be Out For iOs

Solution is based on the lightweight client called Neutrino and it wallet supports Submarine Swaps technology
18 June 2019   215

The Breez payment platform introduced a non-custodial wallet for iPhone that supports the Lightning Network protocol.

The basis of the new product is a lightweight client Neutrino. It is also known that the wallet supports Submarine Swaps technology, which makes it possible to conduct transactions between online addresses and the Lightning Network.

The company's blog says that immediately after installation, the application automatically connects the channel to the so-called Breez hub connected to other Lightning nodes, which allows the user to conduct transactions with any participants in the second-level network. In addition, according to the founder of the company, Ron Scheinfeld, the possibility of a refund is provided in the event of challenging purchases.

In a Lightning economy, people trade money for goods and services. Intermediaries — banks, credit cards, online payment processors, and custodians of any kind — are obsolete. All that remains are the people, trading with each other anywhere, anytime, free to do what each of them thinks is best with their own money. Scale is no longer a concern. Transactions are virtually instantaneous and practically free. The people are free too. Finally.
 

Roy Sheinfeld
Co-Founder and CEO, Breez

The company also noted that within only two months after the release of the version for Android, Breez benefited from "hundreds of users." Currently, the wallet is in beta.

On the eve of the release of the iOS application, the startup managed to attract $ 500,000 from Recruit Strategic Partners and Fulgur Ventures. The funds will be used to develop an application for merchants, allowing them to accept Lightning-payments.