What stage of open-source adoption has your company reached? – VentureBeat

Open-source software (OSS) has won over the tech industry, a reality dramatically demonstrated by Microsofts evolution. When open source first emerged as a trend in 1998, Microsoft responded with hostility. By 2018, the company had changed directions completely and acquired GitHub, the leading platform for developing open source software. If you cant beat em, join em.

With 90% of enterprise IT leaders aligned with Microsoft in their adoption of open source, we are now firmly in the final phase of the diffusion of innovation, with only the laggards still holding out. But even among organizations that have adopted open source, there is a notable spectrum of maturity: from consuming, to producing, to embracing open source.

Companies that incorporate the open-source principles of collaboration and transparency into their business model and company culture will realize benefits in efficiency, hiring and retention, and trust within the marketplace. Those that do not will increasingly be left behind. Therefore, forward-looking executives should think strategically about their companys position on the open source maturity spectrum, and plan for increased adoption.

The first step in the enterprise open source journey is simply consuming open-source software inside your organization. The truth is that it is very hard not to consume OSS in some form or fashion these days, because so many of the most common development stacks are built on open-source tools. However, this brings certain risks that must be managed primarily license compliance and information security. It is important for organizations consuming OSS to work with their legal and security teams to develop and implement policies for inventory and vetting of the open-source components in their supply chain. These are not one-time concerns; they must be continuously addressed. Companies such as Tidelift, WhiteSource, Black Duck, and Snyk offer products to help with this.

A transitional step for many companies beyond consuming OSS is innersource, which is the application of open-source methodologies within the enterprise perimeter, allowing different development teams to see and participate in what each other are doing. Using on-prem platforms such as GitHub Enterprise, GitLab, or Azure DevOps Server, companies can break down silos and realize some of the benefits of open-source development, including higher velocity due to reduced friction between teams, and higher quality due to wider review processes. This can represent a significant cultural change for an organization and represents a step on the way from consuming to producing true open-source software.

Much of the conversation about enterprise open source has been about the consumption of OSS in the enterprise, as reflected in the questions asked in Red Hats State of Enterprise Open Source Report. But Red Hat itself is an enterprise producer of OSS, not only a consumer. In fact, TODO Group reports that about half of companies that consume open source have taken this next step in some form.

Corporate production of open source generally unfolds in stages. Once a company becomes comfortable with open-source practices between its own internal engineering teams, it may allow its engineers to contribute patches to upstream open-source projects in its supply chain. This type of contribution is the lifeblood of flagship open-source projects such as Linux, which saw corporate code contributions approach 90% in the latest 5.10 kernel release. For many of these companies, such as Huawei, Intel, and Google, contributing to Linux represents a significant research and development investment, even though they may not be considered open source companies in the way that Red Hat would be.

Conceptually, the incentive to invest in upstream open-source projects is clear. Enterprises gain an ability to influence, if not outright control, the direction and growth of projects. As Heartbleed demonstrated, investing in OSS can mitigate the risk that security vulnerabilities or other code quality issues will degrade the utility of a project within a companys own products. Furthermore, open-source participation can help to attract talent.

Beyond contributing to third-party projects, leading enterprises are consolidating the benefits of open source participation by publishing infrastructure projects of their own. Google is a clear example, with Kubernetes, Go, and Chromium gaining wide adoption. Facebook has a win with React. But there is a long tail of organizations Airbnb, PayPal, Indeed, Comcast, Capital One, and many more that publish open-source projects as a way to recruit talent and ensure they are building their core business on a solid base. If you do find yourself with an open-source project that is a runaway success, the natural progression would be to find a home for the project at a foundation such as Apache, CNCF, or the Linux Foundation.

The most forward-thinking companies go beyond publishing their own open-source projects and embrace open-source principles more deeply. Contributing financially to projects is a logical extension of contributing engineering effort, yet this can introduce insurmountable process friction at many organizations. It requires strong executive leadership to understand and act to realize the long-term shareholder value that comes from ensuring the vitality of the software supply chain through direct financial contribution. More public conversation in the vein of Nadia Eghbals work is called for here.

Then there are corporations that not only publish shared infrastructure projects but also build their core business model directly on open-source products. COSS Media counts 17 such companies that have gone public since 1999, or 0.4% of the 4,509 total initial public offerings (IPOs) that have occurred during this time period. It will be interesting to see how many IPOs in the next 20 years are open-source companies. I anticipate there will be a significant increase.

At the most extreme end of the OSS spectrum, some companies are pushing open-source principles so far that they are becoming what we might call open companies. In these companies, all but the most sensitive processes and data (e.g., customer data and other legally protected information) are shared publicly. Mozilla is an interesting early example. GitLab has some open company tendencies but stops short of full openness. Startups such as Glimesh, Buffer, and Liberapay are pushing the envelope even further by hosting public staff meetings, publishing salaries, and even implementing take-what-you-want compensation. It will be interesting to see if in another 20 years time a handful of fully open companies have scaled to success.

Open-source software has proven its worth, but not all adoption is equal. If your company is consuming but not producing OSS, then consider the benefits of publishing projects of your own. Look at the many examples of successful open-source programs that exist today and build the capacity in your own organization to avoid falling behind, realizing risk, and losing talent. If your company already has a track record of publishing successful open-source projects, consider embracing open-source principles in other corporate functions. Build the case with leadership so they understand that the competition for customers and talent will be won by organizations that build trust through transparency.

Chad Whitacre is Head of Open Source at Sentry.

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What stage of open-source adoption has your company reached? - VentureBeat

There’s nothing Automattic about balancing commercial growth with an open source developer community – TechCrunch

The tech industry has made a full 180-degree turn with regard to open source in the 16 years since Matt Mullenweg founded Automattic, a major commercial backer of open source content management system WordPress.

Microsoft, whose executives once used phrases like un-American and cancer to describe open source, is now one of the worlds largest contributors. Elastic, Confluent and GitLab have proven that startups, too, can layer commercial success on top of open source projects.

Even true believers can be shocked by the extent to which open source has succeeded. To me, one of the most incredible examples of this is Chromium being used not just by Brave, but by Internet Explorer, Mullenweg, who is also CEO of Automattic, said. Thats the tech equivalent of peace in the Middle East it felt so far away and unimaginable.

WordPress and Automattic are key leaders in this trend. WordPress remains a vibrant project: Around a thousand active core contributors engineer the product, while a massive, 55,000-strong group of extender contributors builds themes and plugins that expand the platforms functionality. The more than 28 million WordPress sites represent about 40% of the web, making the project among the most deployed open source platforms.

Mullenweg, however, views all of this as merely a starting point. In his reckoning, WordPress could double its current scale in the coming years, a proposition that can make even the most bullish open source software engineer nervous.

To get there, Automattic has to shepherd and evolve its developer community even as it empowers more and more of its open source contributors to take leadership roles in the future of the WordPress ecosystem. That hasnt always gone well, as we will see with a transition around a new version of WordPress called Gutenberg, but ultimately, the company is doubling down on community engagement, hoping that growth in the next 16 years of Automattic will be even faster than the last era.

Both large and small companies contribute back code and time to the community, often following some version of Mullenwegs Five for the Future initiative, which asks organizations using WordPress to spend 5% of their resources contributing to its further development.

Automattic founder and CEO Matt Mullenweg. Image Credits: Automattic

Automattic may be the largest contributor in the WordPress community, but there are many other companies who lend to the success of the ecosystem. The largest are mostly domain registrars such as GoDaddy and Bluehost, which use their lead generation from registrations to upsell customers on WordPress hosting.

Scores of other companies round out the ecosystem. Most are small design agencies and paid plugin developers, such as Yoast, a search engine optimization tool that has over 12 million websites.

Then there are the thousands of individual contributors. Contrary to the perception that open source developers work exclusively for free, most open source communities include the concept of sponsorship, in which a commercial company like Automattic underwrites an open source developer to keep working on the project full time.

In its annual open source contributor survey from 2020, the Linux Foundation and The Laboratory for Innovation Science at Harvard found that more than half of core and frequent contributors to open source projects were financed for their work, either by their current employer or by a third party. That proportion is actually lower for WordPress, where only about a third of developers are believed to be sponsored.

While thousands of individuals and companies contribute to the development of WordPress, its clear that Automattic plays the lead role in shaping the community, even though many paid contributors to the project are not even sponsored by the company.

One of the founding strengths of WordPress is that it was conceived without immediate commercial intent. The project started two years before Automattic, as we saw in part one of this TC-1, so no companys leadership was written into the projects creation. Mullenweg was simply a co-founder of the project, albeit one of its most active public cheerleaders.

Even after Automattic launched, a few other startups seemed poised to lead the community. Hosting service WP Engine, for instance, was founded in 2010 and grew quickly, raising nearly $300 million, according to Crunchbase.

Automattic gained one sustainable advantage early on, however: It successfully secured the WordPress.com domain as a counterpart to the open source projects WordPress.org. That ownership gave Automattic symbolic and long-lasting weight within the community.

Because we were the first to do it, we had the name, and our service took off. The copies sat there for a while and gave up, recalls Toni Schneider, who served as Automattics CEO during the companys early years.

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There's nothing Automattic about balancing commercial growth with an open source developer community - TechCrunch

Ethereum: The great handshake – TechCrunch

Ashley TolbertContributor

Tarah WheelerContributor

Ethereum is the worlds most popular digital contract compiler, maintained by many but owned by none. Perhaps one of the most interesting factors behind its popularization is the future it paints one that transforms our current internet standards for ownership, value creation and, most importantly, privacy.

Not only can apps be written on top of Ethereum, but it allows any digital thing a picture, a music file, a video, your moms favorite pumpkin pie recipe to be uniquely owned, traded and stored for value, among many other possibilities that are created daily.

While many have predicted the future of the internet to be layered in bundles and levels of protection, it turns out that, paraphrasing Tim Berners-Lee, making the underlying technologies accessible to everyone supercharges its adoption and usefulness.

Ethereum and the emergence of Web 3.0 paint a shifting picture an internet not just private, but open and transparent by default.

In 2013, Vitalik Buterin conceived the idea of Ethereum, which would be developed and deployed two years later. The platform was built to allow anyone in the world with access to the internet to write permanent applications (known as decentralized apps or dApps) upon it, which anyone else can interact with but cannot change basically open source software with integrity to the nth degree. The bread and butter of these apps are called smart contracts a digital contract or intermediary.

Translated, that means financial and legal services no longer require a middleman. Ethereum basically substitutes an escrow agent, a notary, a bank teller who checks your ID, or a mortgage originator for an instant, digital transaction.

This invaluable function makes Ethereum one of the most recognized cryptocurrencies and blockchains in existence, with many contenders trailing. Bitcoin prices recently hit an all-time high, and the hype surrounding Ethereum remains in full swing.

Web 3.0, an associated concept, is an imagined future internet that uses these peer-to-peer blockchains to allow users to interact with data, value stores, entities, etc., all without a middleman.

As Ethereum becomes an underlying infrastructure for legal cases, financial deals, binding agreements and more, understanding its weaknesses and strengths will become a fundamental trait of property ownership and transfer.

Updating Stephen Hawkings words on how basic computer programming is an essential skill to learn, understanding the fundamentals of smart contracts such as those on Ethereum will become a basic legal and financial skill.

Today, the most booming applications on Ethereum are NFTs non-fungible tokens. While NFTs are relatively new, theyre catching on with consumers, artists and investors not only as a store of value but as an assertion of digital, unique ownership.

NFTs allow anything digital (any file) to be owned and traded on the internet because it cant be manipulated, changed or copied its non-fungible. Any social media hubbub surrounding Apes, Kittys or Punks are all in relation to the burgeoning fan-favorite phenomenon of luxury digital art.

We predict that one use case for this technology will be in interplanetary mining, as companies based on Earth will need to buy and sell mineral rights in asteroids that few if any of their human employees have ever actually visited or seen themselves.

Other predictions for use cases are mortgage lending, property purchasing, event ticketing, music festivals, file storage and gaming Axie Infinity, for example, is a testament to how players can make a decent living in an NFT-based gaming world.

The possibilities are endless and are being thought up by the curious and energized community more and more every day.

As regulation catches up to the power of this underlying technology, many wonder if well see attempts to control it. Much like the years-long debate in the Crypto Wars, which entailed requests to compromise or break encryption, changes to the assertions of Ethereums immutability could compromise its main valuable characteristic: its permanent integrity.

There may be a potential conflict between Ethereums immutability and its widespread adoption. It might mean that financial regulators will attempt to take some form of ownership or control over its deployment. We would be curious as to how those potential future regulators would answer the question: How can a widely connected sphere of nodes be cautiously governed while not compromising its true value decentralization itself?

Other challenges and limitations the technology is likely to face are performance sustainability fees to build on top of Ethereum called gas fees have gone up in recent years and the platform is known to be slowing in processing time. Ethereum 2.0 is anticipated to smooth inefficiencies, but how do we continue to maintain speed in a blockchain optimized for storing and computing each and every transaction?

Security also remains a challenge, with known Ethereum vulnerabilities existing though not widely exploited. Poly Network reported a hack this year that resulted from a vulnerability between contract calls.

Smart contracts are intricate and complex functions to write, so they require in-depth auditing before being deployed to a network. Ethereum security is also built on passwordless, asymmetric cryptography. Its entirely possible that quantum computing will eventually disrupt our asymmetric cryptography standards.

Were interested in how Ethereum and blockchains can be sustained, and were HODLing all the way through. Into the metaverse and beyond .

The views expressed here are those of Ashley Tolbert and Tarah Wheeler and not the views of their affiliations.

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Ethereum: The great handshake - TechCrunch

Bitcoin’s Unknown Creator Satoshi Nakamoto Is Now the 20th …

In mid-April the creator of the Bitcoin network, Satoshi Nakamoto entered the worlds top 20 richest billionaire list but after bitcoins price dropped, the inventors wealth plummeted. This week, Nakamoto has once again joined the top 20 richest people on the face of the earth. The last time, Nakamoto made the 19th position, and this time around, Bitcoins inventor is now the 20th richest person(s) on the face of the planet.

The leading crypto asset bitcoin (BTC) has skyrocketed past the $60K handle and tapped a high of $62,945 on Friday. Using todays exchange rate and the estimated stash of bitcoin Satoshi Nakamoto reportedly owns, indicates that Bitcoins inventor is the 16th richest person or persons worldwide. The last time Bitcoin.com News reported on this subject, Nakamoto climbed from the 159th richest person in the globe to the 19th in a mere five months. Using todays BTC exchange rates on October 17, 2021, six months later, Nakamoto is now the 20th richest person(s) worldwide.

The reason why people assume Satoshi Nakamoto owns all this wealth, is because it is estimated that Bitcoins inventor owns around 1 million BTC. Of course, there are lower-bound estimates which say the inventor only collected 750,000 BTC and then upper-bound estimates that assume Nakamoto has more than 1.1 million BTC. The crypto community at large assumes that Nakamoto has around 1 million bitcoin and because he, she or they acquired it during the first year of BTCs existence, the inventor owns all the forks tied to the stash as well.

This means that on October 17, 2021, Nakamoto owns roughly $60.7 billion in bitcoin (BTC), $625 million in bitcoin cash (BCH), $169 million in bitcoinsv (BSV), and $191 million in ecash (formerly known as BCHA or Bitcoin ABC). Thats a grand total of $60.9 billion between those four networks which places Bitcoins inventor at the 20th position in Forbes real-time billionaires list. Satoshi Nakamoto is above the net worth of Zhang Yiming, the billionaire from China. However, Nakamotos wealth is below the worlds 19th richest as Walmarts Rob Walton has around $75.3 billion to his name.

Whats pretty amazing is that one of the worlds 20 richest people in the world is the mysterious inventor of Bitcoin. A person or group of people that have yet to spend a single penny of the $60.9 billion worth of crypto assets. Some people assume that Nakamoto may have passed away and this is why the inventor has never and will never spend the stash of 1 million coins collected when the creator kick-started the BTC network. However, Nakamoto may still be alive and may still have access to these riches.

Bitcoins inventor still has to catch up to the worlds two richest people which include Elon Musk and Jeff Bezos respectively. Musk has around $214.8 billion in wealth today according to Forbes real-time billionaires list and Jeff Bezos owns around $197.8 billion. In order to overtake Musks net worth, a single BTC will need to be valued at over $215K per unit. If BTC taps $100K this year, Bitcoins inventor will be in the top 10 richest person(s) list next to Warren Buffet and Mukesh Ambani.

What do you think about Bitcoins inventor Satoshi Nakamoto becoming the 20th richest person(s) on planet earth? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bitcoin's Unknown Creator Satoshi Nakamoto Is Now the 20th ...

As bitcoin soars in value again, here’s what to think about before you buy – CNBC

damircudic | E+ | Getty Images

It's been a good week for bitcoin, and it just got even better.

With the first bitcoin futures exchange-traded fund debuting on the New York Stock Exchange on Tuesday, the cryptocurrency was trading at more than $66,000 on Wednesday.

That's a record: the highest the digital coin has ever gone before was in April, at $64,899.

As a result, temptations to buy bitcoin may be growing, too.

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Before you do, though, here are some useful things to consider, according to experts.

Stories of bitcoin millionaires. The fact that the digital coin's value went from essentially nothing to top $64,000 in under a decade.

Hearing this, of course that makes many people have a fear of missing out, or "FOMO."

Investors often fall prey to the social bias of "herding," said Kent Baker, a finance professor at American University. In other words: They do what the crowd does, believing that everyone else must know more than they do and that there's safety in numbers.

"Generally, such investors are wrong on both counts," Baker said.

In reality, the other people in the crowd are putting the same blind faith in everyone else, with just as little to back it up.

Trying to understand a digital asset's fundamental valuation is "very tricky," said Bruce Mizrach, an economics professor at Rutgers University's School of Arts and Sciences.

With most stocks, he said, you can at least get a price-earnings ratio, which tells you what investors are willing to pay for a company for every dollar of its earnings. That figure can help you determine if a company is over- or undervalued.

You're more in the dark with bitcoin.

By the time most individual investors get into a rising investment, it's often too late.

Kent Baker

finance professor at American University

"The rise in the cryptocurrencies is reminiscent of the early stages of the internet bubble, with investors trying to evaluate stocks without earnings," Mizrach said.

Most investors can explain what a bubble is: It's what happens when a good's price far exceeds its real value. And many of those considering buying bitcoin probably suspect that it's largely speculation and hype that's driven the price so high.

But people buy assets even when they know they're overvalued, "because they expect prices to go even higher," Mizrach said.

And, he said, "they all believe that they can exit before the bubble crashes."

Just remember: that's what everyone else is thinking.

"By the time most individual investors get into a rising investment, it's often too late," Baker said.

All that being said, investors would be mistaken to ignore the rise of cryptocurrencies, said Douglas Boneparth, certified financial planner and president of Bone Fide Wealth in New York.

"It's definitely a bad idea to stick your head in the sand and assume this is nothing," Boneparth said. "The reality here is you're watching an entire decentralized financial system being built before your eyes."

He recommends people educate themselves as much as possible on the technology, and then they can determine if they should be invested in digital currencies and if so, how much.

For many, the standard advice from financial experts is not to put more than 1% to 5% of your money into the assets will hold true. Meanwhile, others may find their conviction in the innovation and tolerance for risk allows for more.

Have you recently bought bitcoin for the first time? If you'd be willing to share your experience getting into cryptocurrencies for an upcoming story, please email me at annie.nova@nbcuni.com

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As bitcoin soars in value again, here's what to think about before you buy - CNBC

Bitcoin just hit an all-time high of over $66,000but it’s ‘the least ideal time to buy,’ one expert says – CNBC

Bitcoin, the largest cryptocurrency by market value, hit an all-time high on Wednesday.

It topped $66,000 on Wednesday morning, surpassing its previous record of $64,899 set in mid-April, after the first U.S. bitcoin futures exchange-traded fund made its market debut on Tuesday.

It's an exciting time for both cryptocurrency and the market overall, and investors might be wondering whether or not to buy in.

But at least one financial expert says to hold off.

"Usually when an investment hits an all-time high, that is the least ideal time to buy," Anjali Jariwala, certified financial planner, certified public accountant and founder ofFit Advisors, tells CNBC Make It. "I think it makes sense to wait and see what happens versus buying at an all-time high," she says.

In this case, that's mainly due to bitcoin's history of extreme volatility, Jariwala says. Like all cryptocurrencies, it is susceptible to big price swings.

However, not all financial experts agree.

"It's still a good time to buy," Ivory Johnson, certified financial planner, chartered financial consultant and founder of Delancey Wealth Management, tells CNBC Make It.

That's because interest in the new futures-based bitcoin ETF "shows that bitcoin is being increasingly adopted," he says. He predicts that as more people adopt bitcoin, the price will continue to go up exponentially.

"As institutional products make bitcoin easier to buy, and investors are comfortable that it is appropriately regulated, there is a greater likelihood of more demand," Johnson says.

Johnson also says that "it's a good environment for digital assets" right now because bitcoin supporters see it as a store of value and a hedge against growing concern over inflation. He argues that as the price increases, bitcoin becomes more valuable, making now a good time to buy in despite the high price.

However, remember that it's always risky to invest in cryptocurrency due to its volatile and speculative nature, Jariwala says. There's a possibility you could lose your entire investment.

But if you're still interested in investing, Jariwala suggests considering a buy and hold strategy. Rather than attempting to trade in the short-term, this strategy promotes holding an asset long-term. And again, only invest an amount you can afford to lose, she says. That way, the huge price fluctuations surrounding bitcoin will be easier to stomach.

"The one thing we can be certain about when it comes to bitcoin, and crypto in general, is that there will be volatility," Jariwala says.

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Don't miss: Mark Cuban says he won't invest in a potential bitcoin futures ETF: 'I can buy directly'

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Bitcoin just hit an all-time high of over $66,000but it's 'the least ideal time to buy,' one expert says - CNBC

Mark Cuban says that bitcoin will be ‘the safe haven of crypto’ with one ‘huge advantage’ – CNBC

To billionaire investor Mark Cuban, bitcoin has a major edge over other cryptocurrencies.

It has "a HUGE advantage" in that it has "ZERO competition" as a store of value, Cuban tweeted on Saturday. Cuban even calls bitcoin "the best store of value on the market."

In his opinion, that's due to its algorithmic scarcity, which makes bitcoin limited in supply by design. Because of this, Cuban sees bitcoin as an asset that will appreciate as demand increases. He has previously compared it to gold, even saying that bitcoin is a better store of value than gold.

The "Shark Tank" investor and Dallas Mavericks owner is so bullish on bitcoin that he predicts that it, along with Ethereum, will be viewed as "safe havens" in crypto in the future, meaning that bitcoin will be seen as an asset that will keep its value or grow in value, even when the overall crypto market faces turbulence.

But despite Cuban's comments, keep in mind that financial experts generally consider cryptocurrency risky, volatile and speculative, and warn that investors should only invest what they can afford to lose.

Cuban's thread of tweets came after he debated the use cases of bitcoin and Ethereum, among other things, with bitcoin maximalists on Twitter. They agreed on a few things, but some of Cuban's thoughts were met with pushback.

Bitcoin maximalists view the bitcoin blockchain as a decentralized, peer-to-peer financial system that has the potential to replace traditional financial systems. They view the cryptocurrency as both a medium of exchange and a hedge against inflation.

But Cuban said that, in his opinion, bitcoin is "not a cure for any financial system" and "it's not a hedge to anything." While Cuban sees bitcoin as a store of value that will appreciate, he doesn't view it as a medium of exchange or as a currency that will be be used commonly for transactions, due to factors like taxes and fees.

And although Cuban has invested in both bitcoin and ether, he said that he likes ether more.

That's because "I can see an unlimited number of applications that will change the biz/consumer world forever," Cuban said. "And to use them you need to buy Eth ... BTC doesn't have that demand pull."

By this, Cuban is referring to the smart contracts, or collections of code, on the ethereum blockchain that power decentralized finance, or DeFi, applicationsand nonfungible tokens, orNFTs. To him, smart contracts "really changed everything" in the crypto space.

In fact, when asked what cryptocurrency he'd suggest for beginners or new investors in the space, Cuban previously told CNBC Make It that "as an investment, I think ethereum has the most upside."

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Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."

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Mark Cuban says that bitcoin will be 'the safe haven of crypto' with one 'huge advantage' - CNBC

Weekend reads: Should you invest in a bitcoin ETF? – MarketWatch

A groundbreaking development in exchange traded funds this week has Mark DeCambre, the author of the ETF Wrap column, answering an important question: Should you buy a bitcoin ETF?

The ProShares Bitcoin Strategy ETF BITO, -3.23%, the first ETF listed in the U.S. that is tied to the price movement of bitcoin BTCUSD, +1.29%, is actively managed and began trading on Oct.19. But it didnt take very long for new competition to arrive, as the Valkyrie Bitcoin Strategy ETF BTF, -2.80% followed on Oct. 22.

Tesla Inc. TSLA, +1.75% CEO Elon Musks net worth is estimated to be $226 billion, making him the worlds richest person, according to a continuously updated list of wealth estimates maintained by Forbes. The second-ranked person on the list is Amazon.com Inc. AMZN, -2.90% founder and CEO Jeff Bezos, with $199 billion.

But Musk and Bezos have something else in common, which may point the way to a trillion-dollar nest egg for Musk, according to Adam Jonas, Morgan Stanleys head of global auto and shared mobility research.

Teslas share price rose 9% for one week through Oct. 21. The company said on Oct. 20 that its electric-vehicle deliveries during the first three quarters of 2021 had roughly doubled from a year earlier, and it reported record revenue and earnings for the third quarter despite supply shortages.

More reaction to Teslas results:

Retirees John and Susan Pazera seem to move every three years: to Boquete, Panama, then Medellin, Colombia, the city once know for violent drug cartels, and now a small town. Silvia Ascarelli explains how they have done it and breaks down breaks down the costs and requirements of making a similar move.

The How to Invest series continues, as Mark Hulbert discusses investors fear of the bond market. Since bonds market prices move in the opposite direction of interest rates, its easy to conclude you shouldnt hold any bonds as rates are going up. Hulbert explains why everyone should have at least some bonds in their investment portfolios.

More from Hulbert: Dont dismiss what ultra-low dividend yields are telling us were in for puny returns in the stock market

The Biden administration is considering new regulations that would allow retirement plan managers to offer ESG funds that stands for environment, social and governance the idea that a fund should only invest in companies that are trying to curtail pollution or otherwise improve the environment, while also being fair to their employees and customers and making sure their boards of directors do what is best for shareholders.

Some investors can already select ESG mutual funds or ETFs if they make a special effort to do so. But the ESG label alone may not be enough to make a decision in line with your interests or beliefs.

Alessandra Malito explains how to make your own ESG investment decisions.

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Facebook Inc.s FB, -5.05% reputation has taken some hits of late, and there have been reports that the company is considering a name change as part of a rebranding effort. The prospect of a name change led to a predictable flurry of creative Twitter postings. On a more serious note, Mark Hulbert looks into how companies share prices perform after they change their names.

Mike Drak initially failed at retirement. It wasnt because he lacked financial security. He explains what he learned and and offers advice on how to ease the stress of adjusting to retired life.

For a second career: These 7 habits will keep your mind sharp no matter how long you work

A troubled supply chain might affect everyone. Have you noticed bare sections of shelves at the supermarket lately? Longer delivery times for various products and components are leading to shortages for items large (such as vehicles) and small (such as toys). Tonya Garcia describes a new phenomenon: People stockpiling extra presents before the holidays, just in case.

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Weekend reads: Should you invest in a bitcoin ETF? - MarketWatch

Is Bitcoin ‘disgusting and contrary to the interests of civilization’ or should boomers just chill? – The Columbus Dispatch

Arvind Sabu| Guest columnist

I regularly encounter two mythologies about Bitcoin mythologies which allow us to celebrate our existing beliefs about how the world works.

Boomers often rant that Bitcoin is a dangerous and useless fad, while millennials offer rosy techno-utopian visions of how it will address a range of social ills.Both mythologies simplify evolving cryptocurrency-based ecosystems.

More: Logistics, bitcoin companies receive state tax incentives to create 125 jobs in Columbus

And, as someone who researches the taxation of cryptocurrency an intersection of the machinery of the state with novel blockchain technologies I wince at both mythologies.

But the boomer mythology about Bitcoin troubles me more deeply. It seems misguided on two fronts. First, as an empirical matter, Bitcoin and other cryptocurrencies offer a broad range of utilities not present even a few years ago.

Second, as a normative matter, our existing system of value creation and transfer screams injustice; we see in it layers of oppressions the colonizers over the colonized, the haves over the have-nots, and relatedly the easy credit in certain corporate and housing sectors compared to the usurious terms of payday lending and credit cards.

There have been many significant developments in the cryptocurrency space over the past few years.I highlight two: a robust cryptocurrency-based saving and lending infrastructure and thick, mature, liquid markets for Bitcoin.

The wealthy have access to much higher rates of return than do the poor.The latter might have savings of a few hundred dollars, if they have any savings at all, and so rarely receive anything beyond a trivial interest rate for their wealth.

By contrast, cryptocurrency savings platforms such as BlockFi and Celsius offer double-digit rates.These cryptocurrency platforms also offer highly efficient collateral-based loans. They oftentimes fund a loan the same day and at much lower interest rates than those required under credit cards.

Furthermore, there are clear advances in the development of mature, liquid markets for Bitcoin.

Ten years ago, Mt. Gox was the principal bitcoin exchange in the world.Despite the hullaballoo about decentralization, it seemed that most users had to deal with one company and an opaque, unsavory one at that to trade in Bitcoin.

Now, there are hundreds of Bitcoin spot and derivative exchanges.

The largest cryptocurrency exchange in the US Coinbase is now a publicly traded company.The Chicago Mercantile Exchange has offered Bitcoin futures since 2017, andthis week a Bitcoin exchange-traded fund launched.

More: El Salvador becomes first country to make bitcoin national currency, and then it hit a snag

Furthermore, technological advances enable political experimentation we see that with El Salvadors decision to make Bitcoin legal tender and Ohios acceptance of Bitcoin for tax payments.

The latter proposal failed as experiments sometimes do but that failure is a necessary step in coming up with systems that work well and at scale.Some boomers seem to ignore such experimentation, preferring instead to imagine that the Bitcoin ecosystem is exactly as it was 10 years ago.

That selective observation may be, in part, due to differing normative commitments.Billionaire Charlie Munger said in May that he hated Bitcoins success, and that the whole damn development is disgusting and contrary to the interests of civilization.

More: Ohio to accept bitcoin for tax payments

Attempts to create alternative money seem to perplex some boomers people who have lived at the top in post-war America with easy access to good money.But they live well while much of the world lives poorly partly due to our opaque, deeply inequitable system of national currencies.

To be sure, Bitcoin is no panacea.

But it enables sociotechnical experimentation that has become a promising frontier of possibility.

Arvind Sabu serves as an assistant professor of law at Capital University Law School, where he teaches tax and business associations. He researches the taxation of cryptocurrencies.

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Is Bitcoin 'disgusting and contrary to the interests of civilization' or should boomers just chill? - The Columbus Dispatch

Why Bitcoin-Related And Ethereum-Related Stock Marqeta Is Falling – Yahoo Finance

Marqeta Inc (NASDAQ: MQ) shares are trading lower possibly on profit-taking. The stock rallied roughly 23% over the past 5 days. Also, Jim Cramer said he prefers Square to Marqueta, which could be impacting price action.

Marqeta shares were trading higher this week after the company highlighted it is 'powering cryptocurrency spending and rewards products' for Coinbase, Fold, Shakepay and Bakkt and is seeing 'rising interest' in new card products in the cryptocurrency category.

"To see such an impressive list of innovators turn to Marqeta to build out new crypto cards and reward programs shows the flexibility of our modern card issuing platform and our unique modern architecture, which can support entirely new card constructs and power their launch at scale," said Randy Kern, Chief Technology Officer at Marqeta.

"This is one of the bleeding edges of innovation in fintech and these new cards are providing even more points of access to and utility for cryptocurrencies. We're excited to see that our platform can help these companies build out full service digital banking capabilities alongside the card itself," Kern stated.

Marqeta provides its clients with a card issuing platform that offers the infrastructure and tools necessary to offer digital, physical, and tokenized payment options without the need for a traditional bank.

Marqeta has a 52-week high of $32.75 and a 52-week low of $19.78.

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Why Bitcoin-Related And Ethereum-Related Stock Marqeta Is Falling - Yahoo Finance