Initial coin offerings (ICOs) may have hampered the development of the Bitcoin ecosystem, with market research reflecting a massive slant towards non-Bitcoin investments by venture capitalists over the past five years. Blockstream CEO Adam Back highlighted the juxtaposition between the lack of venture investment in Bitcoin in comparison to its dominance of the total cryptocurrency market capitalization in conversation with Cointelegraph’s Joseph Hall in Lugano, Switzerland. Adam Back alongside Cointelegraph’s Joseph Hall in Switzerland. Back, the inventor of Hashcash upon which Bitcoin’s proof-of-work algorithm was derived, pointed to market research…
Read MoreVenture capital’s ICO gambits left Bitcoin ecosystem underfunded
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