This is a question that is gradually, as time passes, turning into the elephant in the room. Every player in the Blockchain technology space might as well give it thought and, probably, a well thought-out reply. More of that later.
The battle between permissioned and permissionless blockchains appears to be entering a new phase. One that might determine, not only which of the two is a superior version, but also what path the technology as a whole will take going into the future.
The past 2 weeks of bitcoin, markets have been in a choppy sideways action within a range with $422 and $363 as the upper and lower limits. When price touched a low $352 bottom on January 16, 8am UTC, it marked the lower bound of a range that has persisted for 3 weeks. A strong retracement to $422 set a marker for the upper range.
On the 28 of January 2016, Blockstream announced its strategic partnership with PriceWaterCooper (PwC), one of the four largest international accounting firms.
“PwC brings deep industry experience, a broad range of business services and cutting-edge client insights,” read part of a blog post that announced this development, “Together, PwC and Blockstream will help companies evaluate cryptocurrencies and blockchain technologies and launch new uses for the Bitcoin protocol.”
The overall Bitcoin price move during the 4th week of the new 2016 is definitely bearish.
After reaching $405.97 during the last hours of the 3rd week, the price started the new week with a stronger decrease during decent trading volumes.
Week 4 Bitcoin Price Behavior