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The Bitcoin network now has a market cap of over $4 billion, which encompasses 86% of the total market for cryptocurrencies; all other cryptocurrencies together have a value of about $650 million.2 To date, more than $800 million in venture capital has been invested in the cryptocurrency space ($400 million of which was invested during the first half of 2015 alone), the vast majority of which was in Bitcoin companies.3 This is money was mainly used to build the ‘city’ on...