BTW Burnside, when are you writing a book about the BTC-TC experience?
Of all the legendary figures, you seem to be an exception (i.e. no exit scam)
It's funny, I've thought about it, but I've always hated writing and I'm not sure the settlement with the SEC would allow me to be open enough about it all to be worth writing. I'll have to think about it a bit.
I'm still (even years later) not completely clear because I am supposed to apply (somehow) to be able to trade equities in the US again. The settlement banned me for two years. Crazy stuff, but the same SEC lawyer was dealing with BitFunder and Trendon Shavers at the same time, so in a lot of ways I can't blame 'em.
Every time i have a RL conversation with a fellow non-newbie Bitcoiner, this is always mentioned. Just two nights ago, for me.
It was good while it lasted. Being used by the scammers still leaves a bad taste in my mouth. I tried pretty hard to create a system that self regulated but the success of asicminer opened the gates for a lot of scammers / failures. Everyone wanted to be in on the next asicminer.
Really? What security is he running now?
https://bitcointalk.org/index.php?topic=1485329.0Not open to the public, but that's what I'm up to. Trademark registered, patent filed, game is in a beta state. A few more animations and bugs worked out and we'll be inviting the public to register for a closed beta. Haven't needed any funding to date, but I've been exploring options so that we can get a second game in the pipeline sooner rather than later.
As you can imagine, after my experience with the SEC I'm being extra careful with this. When we do accept investment it'll be within the confinements of a private raise via accredited investors. The cool thing about bitcoin if we do it that way is a private investor could prove net worth to meet the accredited investor status by signing an address with bitcoins in it.
For anyone interested the investors deck is available here:
http://yappingmoose.com/bunco_bonko_deck_201701.pdf We're going to target a raise of around $1M for 20%-$25% equity in the company. We'll cap investor count at 20 and have a minimum $50k investment. We also recently hired a CMO. The guy worked for Sony and did all the marketing for Playstation 3 and Playstation 4 in Canada. I have a pretty good feeling about where things are headed. I haven't felt this good about something since 2010 when I was working on Bingo Blitz.
