Well I’ll be damned: BTSX BitAsset market failure after only 5 days

What if we were to scrap it all and start over? What would a new financial world look like? A world where we could protect what’s valuable without needing to trust anyone. A world that will never need bailouts. A world where your financial life is absolutely private. Where your funds can never be seized or your account closed. A world not limited by borders, business hours, or location. What would be possible if we could create this kind of world? Welcome to the new financial world of BitSharesX. BitSharesX is the world’s first virtual vault. This is a vault where…

Cool story, bro

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…