|February 6, 2018 at 6:20 am #1154|
Over the last number of weeks, everybody already been weighing in about Bitcoin, the digital currency that could be the money of the future, or a bubble bursting at the front of us. After being worth only $30 in March, on Wednesday, Bitcoin reached an historical high of $266, then plummeting to just over $100 in lots of hours, and now stabilizing around $120. When Bitcoin’s price started to increase unexpectedly, it took over as one thing everybody in Silicon Valley was talking about. (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 there was the technical side taken care of, the legal side as well as the money behind it. We hired 7 lawyers to manage the legal side, and convinced Miron Cuperman who worked on PCI compliance at Google, to join as the CTO. He was a quite big fan of Bitcoin and he’s working for folks full time now, he’s pretty wonderful. Having him really convinced me it was worth carrying it out. We also raised 400, 000 in seed money and right now most of individuals are not implementing these a salary, so we’re working hard on this situation.
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