Headlines highlight investment in Bitcoin companies seemingly monthly these days. So, where is it going? Into defense fund accounts. That is a large reason why, despite a lot of investment into the space, the community seemingly ebbs.
Evangelists will state that the reason Bitcoin is not growing is because people are not doing a good enough job promoting it, but when you have a consortium like R3 looking into blockchain technology, that’s not the problem.
Instead, the real problem is that much investment into Bitcoin is going into a certain black hole: defense funds. This money sits there until one day the firm faces some sort of legal kerfuffle.
A photo posted by 侯宇軒 (@luminous_basterd) on Dec 23, 2015 at 12:38am PST
Not to mention, 2014 was the year of patent applications, many of which have been published in recent months. So, again, legal work. It costs money to file a patent and it costs money to defend a patent lawsuit.
There’s been approximately $1 billion put into the space, into all sorts of firms. But it costs millions of dollars to operate many Bitcoin businesses in the US in line with