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From the TBI Daily: Today, there aren’t really any good reasons for a US customer to use bitcoin instead of a rewards credit card.  He or she would be giving up 0.5% in bid/ask spread on the listed purchase price, up to 1% (or more) to acquire the bitcoin initially, and 1% or more in opportunity costs for not using a credit card.  The only reason, then, that a consumer would opt to use bitcoin for purchases would be if merchants offered compelling discounts on their products to drive that behavior change. With its two-sided market, Coinbase might be the only…

Crowdfunding Bitcoin startups is eating your own dog food – controversially

Originally posted on Daily Fintech:
When I first started looking at Bitcoin 2.0 startups (Altcoins and decentralized apps using Blockchain tech) I would see “IPO” mentioned. This had me thinking “WTF” as these are really early stage ventures, far removed from the financial metrics demanded by investors for an IPO. These ventures realized they were in a branding and legal minefield and dropped the term. What they are doing is crowdfunding, in much the same way that Kickstarter does it – except of course using their own platform and using Bitcoin for payment. They have to use crowdfunding because these…

Transactional legal hackathon, NYC: Code the Deal: September 19-21, 2014

Originally posted on Legal Informatics Blog:
Code the Deal: A Transactional Legal Tech Hackathon is scheduled to be held 19-21 September 2014 in New York City. Here is a description from New York Legal Hackers, one of the organizers of the event: […] Code the Deal is a hackathon that will take place on September 19 to 21, 2014, at Dev Bootcamp‘s NYC financial district campus. Participants will compete to create tech-enabled products that will improve transactional legal practice–tools that aid in counseling businesses through the legal and regulatory hurdles of consummating a sale or purchase. We believe that this…

Interview on Let’s Talk Bitcoin no. 137: the Eye of the Beholder

“One of the great episodes where there is a pretty vast difference of opinion but the discussion is really civil and interesting.” Thanks – I tried. Adam and Stephanie were a blast to speak with and I look forward to doing it again in the near future, with any luck! Listen to the whole thing. EDIT/UPDATE: to the critics, I recommend you listen to the whole thing rather than switching off 15 minutes in. Consider the following: All social life is essentially practical. All mysteries which lead theory to mysticism find their rational solution in human practice and in the…