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February 5, 2018 at 10:31 pm #1145


Over the last couple of weeks, everybody may be weighing in about Bitcoin, the digital currency that might be the money of the future, or a bubble bursting right in front of us. After being worth only $30 in March, on Wednesday, Bitcoin reached an in history high of $266, then plummeting in order to over $100 in lots of hours, and now stabilizing around $120. When Bitcoin’s price started to increase unexpectedly, it was crowned the one thing everybody in Silicon Valley was talking with regards to. (For those who don’t know what Bitcoin is, this video explains it perfectly in 3 minutes).

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JK: I said I wouldn’t back again into it unless we had the technical side taken care of, the legal side and the money behind it. We hired 7 lawyers to keep the legal side, and convinced Miron Cuperman who worked on PCI compliance at Google, to join as the CTO. He was an exceedingly big fan of Bitcoin and he’s working for people full time now, he’s pretty fantastic. Having him really convinced me it was worth assigning. We also raised 400, 000 in seed money and right now most of us are not implementing a salary, so we’re working tough on one.

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