Zuck Bucks – Facebook’s Libra Currency
Facebook recently released details on its long awaited currency, “Libra.” The goal is to create an alternative financial system allowing people to send money as easily as sending a text. We have some questions, primarily around incentives and motivations.
This is Howey. Do it.
Earlier this month, the SEC posted guidance and a No-Action letter to Turnkey Jets, giving more insight into the particular way the Howey test is applied to tokens.
Wyoming: Move Over, Delaware!
Wyoming’s 2019 legislative session just wrapped up, and as of close the state has signed 13 blockchain-friendly laws into effect. These laws are a strong play to attract blockchain businesses and development to the state of Wyoming.
What Is A Smart Contract?
A smart contract is simply a piece of code that is executed on the blockchain network. It may or may not be a legal contract. As most code does, it runs off an “if/then” statement. Blockchain allows this code to run on a distributed system, across thousands of computers participating in the network, thus in a completely autonomous, tamper-resistant way.
Bitcoin’s Solution To The Double Spend Problem
Until blockchain technology, an electronic currency was a dream beyond reality because no system could prevent a holder from spending her coin twice.
Keep Your Investors Updated (Part II)
A few years ago I wrote a blog about how important it is to keep your investors updated. That is as true today as it was then, but I want to highlight another benefit that I neglected to point out then: […]
The Hidden Cost Of Accelerators
Accelerators are popping up all over the place. And I’m not sure that this is a good thing. Typically, an accelerator provides a little cash for a little equity, and some guidance or advisory services for a little more equity. Some […]
Believe In The Value Of Your Product
I ran into a client this morning who told me about a difficult negotiation he’s currently having with a critical customer. The customer represents a significant portion of his startup’s revenues, but servicing the contract is so cumbersome that it […]