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This tag is associated with 5 posts

“My Taxes Pay Regulators, so I Expect Them to Treat Me With Respect”

[Reading Time: 9 minutes]

Interview with Aaron Greenspan, Harvard graduate, original creator of “The Facebook,” payments innovator, and autodidact non-lawyer.  (PART THREE)

Aaron was generous both in his time and in his responses, which led me to split the interview into three parts:  In PART ONE: REGULATION AND INNOVATION IN THE UNITED STATES, Aaron talks about United States money transmitters laws and identifies, with unusual clarity and depth, what he believes is wrong with them.

In PART TWO: BITCOIN, COMMUNISM AND THE SURVEILLANCE STATE, Aaron lays out his controversial point of view on Bitcoin.

Read on for PART THREE: A YOUNG FINTECH ENTERPRENEUR’S DAY OF RECKONING, the final and most controversial one, in which Aaron has no qualms about naming and shaming some of the individuals that have not “treated him with respect.”  Again, here is a brief intro on Aaron, for the benefit of those who haven’t read the previous posts.

Having been a teen tech entrepreneur, during college at Harvard in 2003 Aaron created the predecessor to Facebook, Inc., which also happened to be called “The Facebook.”  In 2009, he entered into a settlement Continue reading

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“Bitcoiners Are Repeating Forgotten History, and Are Accordingly Doomed”

[Reading Time: 8 minutes]

Interview with Aaron Greenspan, Harvard graduate, original creator of “The Facebook,” payments innovator, and autodidact non-lawyer.  (PART TWO)

Aaron was generous both in his time and in his responses, which led me to split the interview into three parts.  In PART ONE: REGULATION AND INNOVATION IN THE UNITED STATES, Aaron talks about United States money transmission laws and identifies, with uncommon clarity and depth, what he believes to be wrong with them.

Read on for Aaron’s point of view on Bitcoin, preceded by the intro to the first post for the benefit of those who haven’t read it, yet.

Having been a teen tech entrepreneur, during college at Harvard in 2003 Aaron created the predecessor to Facebook, Inc., which also happened to be called “The Facebook.”  In 2009, he entered into a settlement agreement with Facebook, Inc. as well as his classmate Mark Zuckerberg, and then had the opportunity to figure out what he wanted to do next, so he followed a long-standing interest in payment Continue reading

“US Money Transmission Laws Are Worthless and Unconstitutional”

[Reading Time: 10 minutes]

Interview with Aaron Greenspan, Harvard graduate, original creator of “The Facebook,” payments innovator, and autodidact non-lawyer.  (PART ONE)

Having been a teen tech entrepreneur, during college at Harvard in 2003 Aaron created the predecessor to Facebook, Inc., which also happened to be called “The Facebook.”  In 2009, he entered into a settlement agreement with Facebook, Inc. as well as his classmate Mark Zuckerberg, and then had the opportunity to figure out what he wanted to do next, so he followed a long-standing interest in payment systems and decided to try and tackle mobile payments.  From 2008 through early 2011, he invested essentially every piece of time, energy and capital at his disposal into making his payments initiative, called FaceCash, widely regarded as a success—until he was told that he would be thrown in federal prison by a state bureaucrat.

As you will soon see, to say that Aaron does not mince his words is the understatement of the century, so I am aware of the risks I am taking by presenting his strong point of view here. However, even Continue reading

“If Bitcoin Startups Don’t Self-Regulate, Government Regulation Could Get Insane and Hurt the Industry”

[Reading Time: 8 minutes]

Interview with Sebastián Serrano, founder and CEO of BitPagos

One of the highlights of this year for me has been to meet Sebastián Serrano, an unassuming yet deeply intelligent and highly confident young entrepreneur from Argentina who is determined to grab Latin America’s e-commerce and payments system by the horns.  And not let go until it’s completely upside down.  Read on for Sebastián’s insights on the big payments problem facing Latin America, his experience incubating BitPagos in Silicon Valley, and the challenges facing crypto-preneurs.

Juan: Please tell us about your background and how you got involved with Bitcoin.

Sebastián: I’m a software developer and entrepreneur.  Before BitPagos I ran devsAr, a software development company that provided services to technology ventures around the world.  I’ve known about Bitcoin for a few years now. I was initially intrigued by its amazing technology and started mining a little bit last year.  I bought bitcoins for the first time early this year when the price was at around $30, unfortunately not as many as I should have.  I grew up in Patagonia, southern Argentina, and have lived and worked near Buenos Continue reading

Bitcoin Vegas Coming Out Party

[Reading Time: 3 minutes]

This week history was made in Las Vegas when, for the first time ever, digital currency entrepreneurs prominently showcased themselves at Money2020, the largest payments and financial services technology conference in the world.  CoinX, Bitpay, Kraken, Blockchain.info and Coinbase had booths on the expo floor and a lot of digital currency investors and entrepreneurs were in attendance, notably Nejc Kodric and Damijan Merlak of Bitstamp, Stan Stalnaker of Ven/Hub Culture, Gabriel Sukenik of Coinapult, and Meyer “Micky” Malka of Ribbit Capital.  See photos below.

As expected, the event was largely dominated by traditional players, and only three of over one hundred panels were directly related to Bitcoin and virtual currencies, which qualifies as a drop in the ocean.   However, the words “bitcoin”, “ripple”, “digital” and “currency” were heard everywhere both in and out of the formal sessions, especially in connection with two other key words: regulation and disruption.

Here are a few things that stuck in my mind:

  • In the panel “Bitcoin & Beyond: Math-Based & Virtual Currencies”, masterfully moderated by Continue reading
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