Bitpay and Bitcoin

This is a really good article about Bitpay’s recent troubles. http://www.technologyreview.com/view/541901/the-troubles-of-bitcoins-paypal-show-why-the-cryptocurrency-is-not-a-good-payment/ This was very much what I’ve been saying all along. Without people earning payment in Bitcoin, there is no incentive for me to take the time to obtain Bitcoin. Bitpay is its own worst enemy because it facilitates merchants “accepting” Bitcoin without actually having […]

The long tail of Bitcoin adoption

The long tail of Bitcoin Much has been said about the slow, nearly flat, adoption rate of Bitcoin in 2014. Unfortunately, many of the writers are to embed in the existing paradigm to understand why Bitcoin is different from previous technologies and why this adoption rate isn’t troubling. The first distinguishing factor is that Bitcoin […]

How FINCEN regulations affects cloud based solutions in payment tech.

Just a few weeks ago, the Financial Crimes Enforcement Network (FINCEN) released a ruling about the applicability of the payment processor exception to a Bitcoin based company. As a little background, generally any company that transfers value between one party and another (or from one location to another) is deemed a money transmitter and subject […]

An open letter to Priceline

I’ve been an avid user of Priceline’s Name Your Own Price™ for hotels for years. I have 56 hotel stays in the last 2 years (from my history) and before that I refused to register but used Priceline in guest mode. I’m sure I’ve had over 100 hotel stays, mostly with Name Your Own Price™ […]