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AWS v Oracle: Mark Hurd schooled on how to run a public cloud that people actually use – The Register

Amazon's AWS infrastructure boss has slapped down Oracle co-CEO Mark Hurd after the latter boasted that Big Red needs fewer data centers because its systems are, apparently, twice as good.

Writing on his personal blog this week, James Hamilton, an Amazon distinguished engineer, said the suggestion that Oracle can compete with the cloud world's Big Three AWS, Azure and Google Cloud by building fewer data centers with "better servers" is, to loosely paraphrase the exec, a bit bonkers.

In a Fortune interview last week, Hurd bragged:

Hurd was trying to explain why cheapskate Oracle had spent just $1.7bn on increasing its cloud data center capacity in 2016, whereas the Big Three together had blown through $31bn that year. The bigwig insisted third-tier Oracle is competitive in the market despite this scrimping.

Straight off the bat we can think of two problems with the database giant's approach: redundancy and latency. Fewer data centers means when a large IT breakdown happens and even AWS has epic meltdowns the impact will be greater because you've put all your eggs in few baskets. And if you don't have many data centers spread out over the world, customers will find their packets take longer to reach your servers than a rival's boxes. That's not particularly competitive.

Hamilton had similar thoughts, and took the opportunity to lay a few facts down on Hurd. If you're interested in the design of multi-data-center systems, it's a rare insight into Amazon's thinking.

"Of course, I don't believe that Oracle has, or will ever get, servers two-times faster than the big three cloud providers," Hamilton opened with.

"I also would argue that 'speeding up the database' isn't something Oracle is uniquely positioned to offer. All major cloud providers have deep database investments but, ignoring that, extraordinary database performance won't change most of the factors that force successful cloud providers to offer a large multi-national data center footprint to serve the world."

The Amazon man also brought up the big costs and engineering limits that arise when building extremely large data centers. At some point, energy bills, network infrastructure overheads and other factors will negate the cost benefits of throwing more servers into a single region, he said. That's another reason why multiple smaller centers is better than a few stuffed-to-the-gills warehouses.

AWS limits its facilities to a 25 to 30MW range, as scaling beyond that begins to diminish cost returns, we're told.

Hamilton also notes the logistical issues that arise when a cloud provider relies too heavily on "last mile" networks to carry traffic for entire regions, rather than building lots of individual facilities connected via a private backbone, as Amazon prefers to do. He also said businesses prefer to use nearby centers not just for latency reasons but also for legal reasons: an organization in one country may not be able to store particular data in, say, the United States, so having a healthy choice of facilities scattered across the world is more customer friendly than a limited number.

"Some cloud computing users really want to serve their customers from local data centers and this will impact their cloud provider choices. In addition, some national jurisdictions will put in place legal restrictions that make it difficult to fully serve the market without a local region," Hamilton said.

"Even within a single nation, there will sometimes be local government restrictions that won't allow certain types of data to be housed outside of their jurisdiction. Even within the same country [they] won't meet the needs of all customers and political bodies."

The comments underscore just how divided the various cloud compute providers remain in their approaches from both an engineering and business perspective. Oracle, for example, has opted to push its cloud as part of a larger Exadata server brand, while Amazon focuses on the reliability and scale of its AWS network, and Google pushes its Cloud to businesses by promising link-ups to its G Suite and AdWords offerings.

AWS held a summit for customers in San Francisco on Wednesday, where it announced a bunch of stuff summarized here a lot of it you'll have seen previewed at re:Invent in November. The announcements include a DynamoDB accelerator, the availability of Redshift Spectrum for running really large S3 storage queries, EC2 F1 instances with FPGAs you can program, AWS X-Ray with Lambda integration, the arrival of Lex, and Amazon Aurora with PostgreSQL compatibility.

The F1 instances are pretty interesting. One startup in this space to watch is UK-based AWS partner Reconfigure.io, which is offering an alpha-grade toolchain to build and run Go code on the Xilinx UltraScale Plus FPGAs attached to F1 virtual machines. That's much nicer than fooling around with hardware languages to accelerate bits of your codebase in silicon.

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IBM expands Bluemix cloud developer console – The Stack

IBM has announced an expansion to the developer console for the companys cloud platform, Bluemix.

The expanded developer console will include templates of applications that are ready to code to user specification. The templates include database integration, as well as cognitive and security services.

This is expected to significantly reduce the amount of time it takes for developers to set up microservices and roll out applications. Using the templates as building blocks for applications, rather than starting from scratch, developers can easily and quickly create cloud apps across mobile, web, and backend systems.

Bluemix developers can nowaccess the dashboard to create a customized template that includes the type of building block they would like to create, followed by the type of services they want to incorporate into the new app. Once a language is determined, the console generates a project pattern that can then be downloaded and edited to user specifications. Upon completion, the application may be deployed locally or directly to Bluemix.

The new expansion includes the Mobile App template, which allows developers to create applications that integrate with mobile services such as Push and Mobile Analytics. It also includes Backend for Frontend, which integrates backend patterns such as data, security, and cognitive intelligence into new applications. A template for WebApp is available, to assist in the development of a client-side web app using tools like Gulp, Sass, and React.

The developer console expansion also builds on last weeks announcement of new techniques for writing Bluemix-compatible microservices in a variety of languages, creating the flexibility for enterprises to assign several different developers to work on an app in different languages.

Now, with the expanded developer console, users can access microservice templates to get starter code for a single function that can be reused across multiple clients, with built-in Dockerfile to run the microservice in Docker container environments.

The expansion also includes integration with data services IBM Cloud Object Storage and Cloudant, and security services using AppID.

Earlier this month, IBM announced that Bluemixwould become the first major global cloud provider to make the NVIDIA Tesla P100 GPU accelerator available on the IBM Cloud platform. Clients are now able to equip IBM Bluemix bare metal cloud servers with NVIDIA accelerators, helping enterprises to run compute-heavy workloads including AI and analytics more quickly and efficiently.

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Oracle Embraces Containers to Speed Cloud Apps – EnterpriseTech

(everything possible/Shutterstock)

Oracle's databases and developer tools can now be pulled as images from a Docker container registry as the partners look to speed development of cloud-native database applications.

Oracle becomes the latest enterprise IT vendor to jump on the Docker container bandwagon as it seeks to expand its reach in the public cloud market. Among the container-based application, middleware and development tools made available on the container platform are Oracle's MySQL database and its WebLogic server. Those tools are in addition to the more than 100 images of Oracle products already available on Docker Hub, its cloud-based image registry.

Separately, Docker said Wednesday (April 19) it is partnering with Cisco Systems (NASDAQ: CSCO), Hewlett Packard Enterprise (NYSE: HPE) and Microsoft (NASDAQ: MSFT) to speed deployment of secure applications as micro-services in the cloud or on-premises.

The partnerships reinforce Docker's assertion that container advances are extending to "more mainstream deployments" ranging from computing, servers and, now, databases and related development tools. Earlier this week, Docker unveiled what it described as a "lego set" of standard container components and frameworks called the Moby Project. "Essentially anything that can be containerized can be a Moby component, providing a great opportunity for collaboration with other projects outside of Docker," noted Solomon Hykes, company founder and CTO.

Oracle (NYSE: ORCL), which launched a major cloud push last year, is betting harried applications developers will turn to application containers to accelerate delivery of secure enterprise workloads to production. In February, Oracle rolled out a data integrator cloud service designed to accelerate support for real-time analytics across enterprises.

The extended partnership with Docker helps bring "bedrock software" to enterprise application developers via a maturing container infrastructure, asserted Mark Cavage, Oracle's vice president of software development. Application containers are "revolutionizing the way developers build and deploy modern applications, but mission-critical systems in the enterprise have been a holdout until now," Cavage added in a statement announcing the partnership.

Oracle said the new container images on the Docker Store could be downloaded now from a public cloud or on-premises servers, and then deployed on virtual machines, bare metal or managed containers.

Meanwhile, Docker announced a separate application modernization effort designed to upgrade legacy applications as more companies shift to micro-services infrastructure. Docker said the service eliminates the need to modify source could or rework application architectures.

The service is based on the enterprise version of Docker along with hybrid cloud infrastructure from partners Cisco, HPE and Microsoft. A fourth partner, Avanade, is a Seattle-based IT consulting firm that works closely with Microsoft.

The program is based on "two realities facing enterprise IT organizations today," Docker COO Scott Johnston noted in a blog post: "Existing applications consume 80 percent of IT budgets, and most IT organizations responsible for existing apps are also tasked with hybrid cloud initiatives."

Application development and deployment on hybrid clouds via Docker received another boost this week when IBM (NYSE: IBM) plans to offer Docker's enterprise version on its Linux-based servers and Power-based systems. IBM claimed its Linux servers could support as many as 1 million Docker containers on a single system while its Power platforms could reduce latency to boost the performance of analytics and other applications running in containers.

About the author: George Leopold

George Leopold has written about science and technology for more than 25 years, focusing on electronics and aerospace technology. He previously served as Executive Editor for Electronic Engineering Times.

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Your Business Resource for Greenville Metro and Upstate South Carolina – Greenville

Green Cloud Technologies (Green Cloud), a 100% channel only, Cisco-Powered cloud provider, was recently named the Best Cloud Hosting Provider by The Cloud Awards program. Celebrating the brightest and the best in Cloud Computing, The Cloud Awards are the first and largest recognition platform of its kind for companies across the globe.

Green Cloud Technologies was founded in 2011, and today is the largest independent channel-only cloud IaaS (Infrastructure-as-a-Service) provider in the country. Experiencing a 5-year growth rate in excess of 6,700% since it was founded six years ago by Greenville based telecom veterans, Green Cloud helps channel partners bring their customers to the cloud with turn-key, cloud-based infrastructure solutions and world-class data center facilities built on industry-leading platforms such as Cisco, VMware, and Tintri.

Green Cloud offers an innovative portfolio of virtual server, backup, and recovery solutions that define the future of data protection, and following the acquisition of Atlanta-based Cirrity in Feb 2017, today Green Cloud has 65 employees and over 500 partners that resell its infrastructure.

In 2016, Green Cloud was ranked 73rd on Inc. Magazines 35th annual Inc. 5000, the most prestigious ranking of the fastest-Growing private companies. Green Cloud also received recognition in 2015 as the #1 SC Fastest Growing Company, an annual competition of the 25 most dynamic and successful companies in South Carolina.

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Business Cloud Hosting Solutions For Improved Efficiency – HostReview.com (press release) (blog)

Business Cloud Hosting Solutions For Improved Efficiency

As every market analysts and experts say, cloud is here to stay and it is the future technology. Given its advantage over the traditional technologies, many organizations have adopted cloud to enhance their business productivity. One of the major benefit of cloud technology is that it improves business efficiency. Unlike the traditional solutions, cloud services are deployed quickly and is ready to use in minutes. Some reports claim that nearly 90% of organizations have moved their data to the cloud and many are willing to invest in the solution. There are a lot more benefits of cloud solution for enterprises. Here are a few of them.

Promotes Agility

An agile business tends to do work more quickly and efficiently than the other way round and agility can be achieved from high levels of automation. As cloud services are automated and self-provisioned, it enables users to scale their resources up and down as per requirement conveniently. This means the end-users do not require any human intervention to scale compute resources as all that can be done automatically. With better agility, organizations perform better and address customer requirements quickly, thus enhancing service and responsiveness.

Runs on existing infrastructure

Cloud services don't require you to replace the entire hardware infrastructure as it can run on the existing instance, reducing the expenses here. Organization can shift from their current environment to cloud without any costly upgrades or hardware addition.

Lowers operational issues

Using standardized cloud solution can decrease operational complications considerably, which boosts business continuity and enables organizations to focus more on important things than internal issues and defects. Cloud solutions let you install the same service repeatedly without any changes to the outcome.

Efficient use of resources

As cloud improves business agility and cuts down operational problems, it allows employees to focus on essential activities and spend their time on more important things, which will directly result in improved productivity. This advantage may fluctuate with every business, but employees are one of the most valuable business asset and with cloud solutions, you'd be able to use your asset more effectively.

Apart from this, cloud service provider use physical resources more efficiently and cuts down energy usage compared to the legacy technology.

Portable applications

In case of a cloud environment, organizations can move their applications and data from the traditional instance to cloud instance and back again easily, this provides organization the required flexibility to use and manage data. This further lets enterprises to take advantage of both the environment.

Reduces capital expenses

With easy scalable features, organizations can keep their expense low and spend only as per business demand. Moreover, cloud solutions move IT overhead from capital expenditure (CapEx) to operational expenditure (OpEx), which makes it easier for the IT managers to keep a better record of the expenses.

For more information contact:

Web Werks is an India-based CMMI Level 3 Web Hosting company with 5 carrier neutral data centers in India and USA. Started in 1996, Web Werks has served several Fortune 500 companies with successful projects in the areas of Web Hosting, Data Center Services, Dedicated Servers, Colocation servers, Disaster Recovery Services, VPS Hosting Services, and Cloud Hosting.

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Kona Grill Embraces Cloud Computing for Versatile, Secure File Storage and Sharing – Hospitality Technology

| April 20, 2017

Kona Grill first opened its doors in 1998 in Scottsdale, Arizona, welcoming guests to enjoy its global menu of contemporary favorites, awardwinning sushi and specialty cocktails in an upscale casual atmosphere. Growth plans have positioned Kona Grill as one of the fastest growing restaurant companies in the United States, with annual revenues of approximately $143M. The company owns and operates 45 locations, in the United States and Puerto Rico, and employs more than 3,000 people. Recently, the IT team at Kona Grill, led by Glen Holroyd, director of information technology, found itself in a transitional period. The company wanted to move from a traditional data center model, with many employees using VPN to transfer files, to a cloud-based environment. Our VPN was becoming very difficult to manage, we had file storage at the data center, and we definitely didnt want to continue to maintain a data center at Kona Grill. The overall hosting of applications and managing a data center was becoming outdated, and we needed to sort out the best way forward to embrace the cloud, while still having a versatile and secure file storage solution, Holroyd explains. Restaurant general managers were spending a lot of time scanning and downloading reports, and then individually emailing these files to the home office. These files contained sensitive data and managers struggled to find the most secure way to send reports. Employees used FTP services and other workarounds for file transfer and storage such as thumb drives and Dropbox, but these temporary solutions were adding additional costs and weren't standardized. As Kona Grill prioritizes international expansion, the training, design and development teams had an especially pressing need for a more efficient file sharing solution. Employees were also losing data and information if their hard drives failed and could not be restored, and information needed to be organized to better collaborate across all locations. Essentially, we needed to look at how we did business. To open new restaurant locations, we access training materials, and large files such as architectural and CAD drawings. Restaurant general managers work with our POS systems and upload daily reports to the home office. We needed these development, design and training files to have an intuitive filing system, with fast access to large files, as well as determine an efficient way for our general managers to spend less time on reports and more time ensuring our guests were happy, Holroyd adds. Kona Grill tried some temporary fixes with Google Drive and Microsoft OneDrive, but these solutions were not robust enough and didnt have the features the company required. To begin to exit the data center world, the IT team began consulting with colleagues about possible market solutions that would allow for a smooth transition. Kona Grill looked at options from Box, Dropbox and Citrix ShareFile, but Egnyte was ultimately chosen. The company piloted Egnyte Connect first with its development and IT teams for a couple months to test the solution and to see how best to rollout Egnyte across the rest of the company. Once the entire company began to use it, Kona Grill quickly saw some specific benefits: Collaboration and Sharing: Employees at the home office and in the field can upload files to Egnyte quickly to share with both internal and external groups. Instead of now sending files via email or FTP, a link can be sent to access a particular Egnyte folder. Many teams are collaborating with outside consultants and agencies as new properties are acquired and developed and Egnyte has streamlined processes for launching new restaurants, rolling out new menu concepts, or analyzing financial reports. Greater Efficiency and Speed: Restaurant managers spent a lot of time in the past generating and sending daily reports. The IT team estimates a time savings of 30 percent for many employees, including the IT team itself, which is now fielding far fewer support calls. Egnyte features such as Web Edit have also enabled employees to work on files locally much faster, while saving changes in the cloud. Data Security: Many reports and documents shared within the company at Kona Grill contain sensitive financial or proprietary information. Having a secure way to not only share and collaborate with external groups, but also a way to securely send daily reports gives great peace of mind. Sharing data with an Egnyte link that will expire after a set time also ensures greater monitoring and control. Kona Grill has realized numerous benefits since deploying Egnyte. Employees are now able to share an Egnyte to share files, with the option for the link to expire. Users can use any device, including iPads to access a variety of files, such as videos, training materials and menus. Financial information is more secure, and reports like SOC audits can be accessed through a link to a particular folder. Instead of sending a file with a password for gift card numbers, this information lives in a secure Egnyte file and can be shared with outside distributors securely and easily. Collaboration and file sharing have been made much simpler, especially for teams such as development who often share files with outside contractors and consultants. Files are no longer lost due to Egnytes snapshot and versioning technology. While employees in the past sometimes lost hours of work, the Egnyte solution enables staff to easily retrieve accidentally deleted files or to locate misplaced files seamlessly and quickly. The culinary teams can now upload menus and training instructions to use on site at new locations or to introduce new menu items. While restaurant general managers had to upload payroll, sales reports, and inventory counts, now these reports are easily saved in shared folders and accessed by the home office more readily. Managers are saving hours in the office and are able to enhance guest experiences and spend more time in the front of house.

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iland Named a Leader in Cloud-Based Disaster Recovery Report by Independent Research Firm – Benzinga

Report finds iland receives highest scores possible in the categories of data security, pricing, service levels and contract terms

Houston, Texas (PRWEB) April 20, 2017

iland, an award-winning global cloud service provider of secure and compliant cloud hosting, disaster recovery (DR) and backup services, today announced that it has been named a "leader" in Forrester Research, Inc.'s report, "The Forrester Wave: Disaster-Recovery-As-A-Service Providers, Q2, 2017."

The Forrester report states, "[Infrastructure & Operations] leaders are increasingly responsible for supporting their firms' digital businesses and are often measured by the effectiveness of customer engagement. DRaaS promises to help I&O pros build a resilient technology infrastructure so they can deliver always-on services where downtimes are either imperceptible or last just a few seconds."

In Forrester's evaluation, iland received the highest scores possible in the categories of data security, pricing, service levels and contract terms.

The Forrester report states, iland DRaaS services are delivered "using Double Take, Veeam, and Zerto. Its self-service console integrates the underpinning replication solutions and makes it easy for customers to perform all operations on a single console. The iland Secure Cloud Console automatically measures the RPO and displays it over time - customers can set alerts in the event of a breach of a pre-set service-level agreement - and offers embedded security and compliance reporting. Once failover is executed, systems are scanned regularly for viruses, vulnerabilities, file integrity, firewall events, web reputation, application control, and intrusions. Upon failover, customers immediately gain access to built-in seven-day backups, providing additional resiliency. [It] works with [Business Continuity] consultants that evaluate DRaaS options and provider recommendations. It also has an impressive roadmap."

The iland Secure DRaaS solutions are part of a suite of Secure Cloud services, which include cloud backup and cloud hosting (IaaS) delivered to a global customer base from data centers in the Americas, Europe and Asia. Customers can replicate both virtual and physical environments to the production-quality iland cloud and perform non-intrusive testing and recovery.

"The economies of iland's DRaaS cost model, inexpensive bandwidth, and advanced replication technologies have made enterprise grade DR available to the masses. As a result, many organizations are new to cloud-based DR, so it's critical that we guide our customers to deploy cloud-friendly architectures and follow best practices," said Brian Ussher, president and co-founder of iland. "Every iland customer is assigned a project manager and an experienced technical team of DRaaS and network specialists skilled in managing the most complex deployments. Additionally, iland continues to invest in our Secure Cloud Console to increase the visibility, security and reliability of our DRaaS offerings. We are proud of this recognition by Forrester and honored by our customers' and partners' continued loyalty and support."

Last month, iland announced the latest release of their Secure Cloud Services, which encompassed support for Model Contract Clauses and the U.S. and U.K. Privacy Shield Frameworks that address the challenges of the constantly changing cloud compliance and data privacy regulations in addition to new features to help customers obtain more visibility into cloud billing and performance management functionality.

For more information on iland's disaster recovery and other secure cloud services:

About iland iland is a global cloud service provider of secure and compliant hosting for infrastructure (IaaS), disaster recovery (DRaaS), and backup as a service (BaaS). They are recognized by industry analysts as a leader in disaster recovery. The award-winning iland Secure Cloud Console natively combines deep layered security, predictive analytics, and compliance to deliver unmatched visibility and ease of management for all of iland's cloud services. Headquartered in Houston, Texas and London, UK, iland delivers cloud services from its data centers throughout the Americas, Europe, and Asia. Learn more atiland.com.

Media Contact Touchdown PR iland(at)touchdownpr(dot)com

For the original version on PRWeb visit: http://www.prweb.com/releases/2017/04/prweb14259177.htm

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Self-Declared Bitcoin Creator Sees Company He Inspired Sold to Private Equity – Investopedia


Investopedia
Self-Declared Bitcoin Creator Sees Company He Inspired Sold to Private Equity
Investopedia
In the ever-changing world of cryptocurrencies, Craig Wright has become something of a fixture. The 46-year old computer scientist, who claims to have invented Bitcoin, has garnered both massive praise and skeptical criticism from those on different ...

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Bitcoin Exchanges Hit Snags – WSJ – Wall Street Journal (subscription)


Wall Street Journal (subscription)
Bitcoin Exchanges Hit Snags - WSJ
Wall Street Journal (subscription)
Bitcoin suffered a series of setbacks over the past few days, when the biggest exchange couldn't enable customers to withdraw or deposit money except in other ...
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Traders Flee Bitcoin Exchange Bitfinex As It Pauses Wire TransferCoinTelegraph
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CryptoCoinsNews -Inside Bitcoins -Finance Magnates -Bitfinex
all 14 news articles »

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Want To Be a VC? Just Flip a Bitcoin – Bloomberg Gadfly – Bloomberg

Initial public offeringsare yesterday's news. Who would want to buy a share of a company that's wildly unprofitableand whose days of racy growth may be behind it?

The alternative to the IPO?

The ICO

But there's now a geekier and greedier way to bet on a start-up: The ICO.

The Initial Coin Offering is the Bitcoin world's latest attempt to re-create Wall Street in its own image. Rather than exchanging dollars for shares, which usually come with a claim on profits and voting rights, an ICO sees the exchange of Bitcoin (or a rival like Ether) for an issuer's newly minted digital currency. That coin is somewhere between a currency and a stake in the business, asWired puts it, which can then be used to buy distributed computingpoweror labor hours.

Bitcoin's Investment Bankers

Recent initial coin offerings (ICO) as tracked by Smith + Crown

Source: Smith + Crown

The theory goes that if this business is a "Good Idea", its success will boost the value of its own tokens, enriching those who got in early at a discount. There's been the inevitable speculative rush, withICO buyers scrambling to flip their new coins at a premium on exchanges a few weeks later. This doesn't always work. There's also the potential for scams.

To a lot of people, this will sound less like a new threat to Wall Street and more like exchanging one set of magic beans for another. Bitcoin itself still feels "more virtual than real," the WSJ's Paul Vigna wrotelast week, as cautious regulators limit widespread investor acceptance and consumers shun a payment method that can slump 20 percent in a day.

The Risk-Reward Rollercoaster

Bitcoin's performance as tracked by an exchange-traded note in Sweden

Source: Bloomberg

That tells you something about the type of start-up willing to flog an even riskier token in return: Experimental, abstract and obsessed with all things decentralized and crypto-currency. It also tells you about the type of investor they're looking to attract: More than half of the $20 billion of Bitcoin in circulation are said to be owned by a small oligarchy spread across China and the hedge fund world, according to the Harvard Business Review.

This is not the kind of deep fundraising pool that's going to give Goldman Sachs a run for its money.

A Shallow Pool

The total market value of Bitcoin and Ethereum, the two biggest virtual currencies

Source: coinmarketcap.com

Where things get interesting is what this means for venture capitalists. Their job depends on taking big early-stage risks in return for juicy rewards when a company like Snap goes public. In terms of the money amassed, recent ICOs aren't far off an average Series B financing round, raising around $5 million to $15 million, according to research firm Smith + Crown.

And whereas a VC firm might end up owning 20 or 30 percent of a start-up in return for that money, an ICO might only mean one-time costs of less than $500,000, according to Stan Miroshnik, managing director of investment bank Argon Group. Free Bitcoin!

If the past is any guide, VCs will learn to co-opt this potential source of disruption in much the same way as Wall Street banks have funded, taken over and picked apart fintech rivals. One fund, Blockchain Capital, is adopting the ICO model itself to tap investors for $10 million alongside a traditional $50 million fund.

Trading tokens might also offer VC backers a nice option to cash out of an investment in a more convenient, liquid way than the sometimes trickier wait for the business to sell itself or go public.

If there is a silver lining in ICOs, it's unlikely to be its dream of rebuilding the financial world on open-source technology. It's more the hope that tech evangelists preaching digital disruption might have to face a bit of disruption themselves. And given the VC industry's role in hyping Bitcoin and Ethereum, that's probably fair.

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

(A previous version of this story was updated to correct a typo in the headline.)

To contact the author of this story: Lionel Laurent in London at llaurent2@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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