Blockchain-Based ‘Internet Computer' Gets $61M from Andreessen Horowitz and Polychain
Top Silicon Valley venture capital firm Andreessen Horowitz and Polychain Capital, a cryptocurrency hedge fund, have invested $61 million in Dfinity Foundation, a firm that intends to connect multiple computers together using blockchain to build an “Internet” computer.
When the network was tested last year, it was 600 times faster than the prevailing speeds in ethereum’s network at that time.
Williams said the “Internet computer” can act as a public cloud that competes with the likes of Amazon.com Inc. and Alphabet Inc. subsidiary Google. “The total cost of ownership of these business systems will be dramatically lower,” he said.
Part of the reason for this is because it will simplify complicated enterprise IT systems that involve multiple components such as databases and backup systems and cut costs by an estimated 90%.
ROBERT STEELE: As promising as some of these developments are, they are in isolation from a larger architecture such as the Open Source Agency (OSA) would provide, and they appear to lack holistic commitment to individual sovereignty. Most of them appear to have “back doors” for the 1% to retain power over both currency and information. Most of them have no concept for reaching the five billion poor or processing more than 1% of the online information which is turn 1% of analog and unpublished information. None of them provide for the suite of sense-making and information-sharing tools that are needed to empower the 99% over the 1% inclusive of near-real-time true cost economics calculations. For this reason I continue to believe that we not only need an Open Source Agency, but also a Computation Integrity Council led by someone like Stephen Wolfram. I have recently been approached by two separate patrons, one in Asia one in the USA, who potentially represent a starting investment of $125M. I have created a C Corporation, Open Source Everything, Inc. (25,000 shares) in the Commonwealth of Virginia, and may soon start building that which CIA has opposed for 40 years. We march on, against all opposition.
Steele, Robert. “Creating a Post-Western Independent Internet: An Open Source Internet Can Create Peace and Prosperity for All,” Russian International Affairs Council, February 5, 2018.
Steele, Robert. “Healing the Self & Healing the World: The Open Source Way,” Defence and Intelligence Norway, September 13, 2017.
Steele, Robert. “Augmented Intelligence with Human-Machine Integrity: Future-Oriented Hybrid Governance Integrating Holistic Analytics, True Cost Economics, and Open Source Everything Engineering (OSEE),” forthcoming in Daniel Araya. Augmented Intelligence: Smart Systems and the Future of Work and Learning. Bern, CH: Peter Lang Publishing.
Steele, Robert. “Foreword,” in Stephen E. Arnold, CyberOSINT: Next Generation Information Access, Harrods Creek, KY: Arnold Information Technology, 2015.
Steele, Robert. “The Evolving Craft of Intelligence,” in Robert Dover, Michael Goodman, and Claudia Hillebrand (eds.). Routledge Companion to Intelligence Studies, Oxford, UK: Routledge, July 31, 2013.
Autonomous Internet @ Phi Beta Iota