Ethereum Co-Founder Anthony Di Iorio Says Safety Concern Has Him Quitting Crypto

Anthony Di Iorio, a co-founder of the Ethereum network, says he’s done with the cryptocurrency world, partially because of personal safety concerns.

Di Iorio, 48, has had a security team since 2017, with someone traveling with or meeting him wherever he goes. In coming weeks, he plans to sell Decentral Inc., and refocus on philanthropy and other ventures not related to crypto. The Canadian expects to sever ties in time with other startups he is involved with, and doesn’t plan on funding any more blockchain projects.

“It’s got a risk profile that I am not too enthused about,” said Di Iorio, who declined to disclose his cryptocurrency holdings or net worth. “I don’t feel necessarily safe in this space. If I was focused on larger problems, I think I’d be safer.”

Back in 2013, Di Iorio co-founded Ethereum, which has become the home of many of the hottest crypto projects, particularly in decentralized finance — which lets people borrow, lend and trade with each other without intermediaries like banks. Ether, the native token of the network, has a market value of about $225 billion.

He made a splash in 2018 when buying the largest and one of the most expensive condos in Canada, paying for it partly with digital money. Di Iorio purchased the three-story penthouse for C$28 million ($22 million) at the St. Regis Residences Toronto, the former Trump International Hotel & Tower in the downtown business district.

In recent years, Di Iorio jumped into venture-capital investing and startup advising. He was also for a time chief digital officer of the Toronto Stock Exchange. In February 2018, Forbes estimated his net worth was as high as $1 billion. Ether’s price has more than doubled since then.

Decentral is a Toronto-based innovation hub and software development company focused on decentralized technologies, and the maker of Jaxx, a digital asset wallet that garnered about 1 million customers this year.

Di Iorio said he has talked with a couple of potential investors, and believes the startup will be valued at “hundreds of millions.” He expects to sell the company for fiat, or equity in another company — not crypto.

“I want to diversify to not being a crypto guy, but being a guy tackling complex problems,” Di Iorio said. He is involved in Project Arrow, run by a high-school friend that’s building a zero-emission vehicle. He is also consulting a senator from Paraguay.

“I will incorporate crypto when needed, but a lot of times, it’s not,” he said. “It’s really a small percentage of what the world needs.”

Source: Ethereum Co-Founder Anthony Di Iorio Says Safety Concern Has Him Quitting Crypto – Bloomberg

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Critics:

Anthony Di Iorio is a Canadian entrepreneur primarily known as a co-founder of Ethereum and an early investor in Bitcoin. Di Iorio is the founder and CEO of the blockchain company Decentral, and the associated Jaxx wallet. He also served as the first chief digital officer of the Toronto Stock Exchange. In February 2018, Forbes estimated his net worth at $750 million–$1 billion.

Di Iorio grew up with two older siblings in north Toronto, Ontario. He graduated with a degree in marketing from Ryerson University. Di Iorio began developing websites during the early 1990s, and eventually entered the rental housing market as an investor and landlord in Toronto, Ontario. In 2012 he sold his rental properties in order to invest in Bitcoin, and began to organize companies in the field of cryptocurrency.

He first learned about bitcoin from a podcast called Free Talk Live in 2012. According to The Globe and Mail, he “had an anti-authoritarian streak” and  questioned “the fundamentals of mainstream economics.” Di Iorio bought his first bitcoin the same day for $9.73. He created the Toronto Bitcoin Meetup Group which held its first meeting at a pub in the same year.

It was at this first meeting where he met Vitalik Buterin who went on to be the founder of Bitcoin Magazine and one of the original creators of Ethereum. As the Meetups grew from about eight attendees to hundreds, Di Iorio formed the Bitcoin Alliance of Canada.

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Asking $45 Million, Billionaire Steve Cohen’s Other Manhattan Condo Is Also For Sale

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In the competition for vertical space, the windows won this round. Artwork will have to be happy with the other condo billionaires Steve and Alexandra Cohen have on the market. (Steve Cohen made his fortune via the hedge fund route with Forbes estimating his net worth at $12.8 billion, landing him at No. 101 on the Forbes‘ Billionaires list.) That West Village condo is asking $33.5 million and, as the photos show, is designed to house their impressive collection with works by Willem de Kooning, Jeff Koons, Jasper Johns, Picasso and Andy Warhol. This Midtown condo, on the other hand, forgoes white wall space in favor of sunlight. This four-bedroom duplex in the One Beacon building is asking $45 million, after a few price reductions down from $115 million back in 2013.

All the residences at One Beacon begin on the 32nd floor, rising up to the 55th floor where this 9,000-square-foot penthouse resides. There are five other condos for sale in the building, ranging from a $26 million three-bed, five-bath to a $7 million two-bed, two-bath. There are also three units for rent, including one of the penthouses asking $60,000 per month.

The unit the Cohens have listed is designed by architect Charles Gwathmey, which you can see in the symmetry that shows up when mullions match the same proportions as the wall of bookshelves and industrial necessities such as stone columns and steel beams become a seamless part of the design.

The second-floor office seen below has one of the best vantage points in the unit.

Office

Office

Douglas Elliman

The double height living room gives you a good idea of how the industrial pieces become part of the design.

Height

Height

Douglas Elliman

The kitchen relies on sleek stainless steel and those countertops are made of honed black absolute granite (it’s hard to see in the photo). The breakfast table uses the same design trick as the dining room where it has a ceiling inset to add some definition to the space.

Kitchen

Kitchen

Douglas Elliman

Here’s a close-up of the dining room with that oval inset in the ceiling which makes the wide open space have slightly more defined presence.

Dining Room

Dining Room

Douglas Elliman

The master bedroom is a large but simple affair, with corner views unobstructed by anything for miles.

Bedroom

Bedroom

Douglas Elliman

Here’s one of the cozier seating areas, with the a clock set in the ceiling.

Sitting area

Sitting area

Douglas Elliman

The unit also comes with a back-up generator system for computers and security system. Building amenities include a fitness center, barre exercise room, massage room, children’s playroom, communal kitchen. The listing agent Richard J. Steinberg with Douglas Elliman has the full information here.

Follow me on Twitter @amydobsonRE

I’m a third generation real estate pro who has lived and breathed this subject ever since I started working in my family’s construction business at a young age.

Source: Asking $45 Million, Billionaire Steve Cohen’s Other Manhattan Condo Is Also For Sale

A First For Manhattan: $30M Real Estate Property Tokenized With Blockchain – Rachel Wolfson

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A luxury Manhattan condo development is getting a new digital home on the worldwide Ethereum blockchain.  The building, a completed 12 unit construction with 1700 sq ft units located on 436 & 442 E 13th St in the East Village, is the first major asset in Manhattan to be tokenized on Ethereum. The property has recently been appraised at more than $30M. Ryan Serhant, bestselling author of Sell It Like Serhant and star of Bravo’s Million Dollar Listing New York, is the listing broker on the deal……

Read more: https://www.forbes.com/sites/rachelwolfson/2018/10/03/a-first-for-manhattan-30m-real-estate-property-tokenized-with-blockchain/#768a90e54895

 

 

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