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Bitcoin: How its core technology will change the world - tech - 05 February 2014 - New Scientist

Bitcoin: How its core technology will change the world - tech - 05 February 2014 - New Scientist | Living | Scoop.it
The virtual currency is about more than money – the real innovation is what people are doing with the technology it is based on

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BITCOIN has been called many things, from the future of money to a drug dealer's dream and everything else in between. But beyond creating the web's first native currency, the true innovation of Bitcoin's mysterious designer, Satoshi Nakamoto, is its underlying technology, the "block chain". That fundamental concept is being used to transform Bitcoin – and could even replace it altogether.

So what is the block chain? It is a ledger of transactions that keeps Bitcoin secure and allows all users to agree on exactly who owns how many bitcoins. Each new block requires a record of recent transactions along with a string of letters and numbers, known as a hash, which is based on the previous block and produced using a cryptographic algorithm.

Miners, people who run the peer-to-peer Bitcoin software, randomly generate hashes, competing to produce one with a value below a certain target difficulty and thus complete a new block and receive a reward, currently 25 bitcoins. This difficulty means faking a transaction is impossible unless you have more computing power than everyone else on the Bitcoin network combined. Confused? Don't worry, ordinary Bitcoin users needn't know the details of how the block chain works, just as people with a credit card don't bother learning banking network jargon. But those who do understand the power of the block chain are realising how Nakamoto's technology for mass agreement can be adapted. "You can replace that agreement with all sorts of different things and now you have a really powerful building block for any kind of distributed system," says Jeremy Clark of Concordia University in Montreal, Canada.


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8 Ways Bootstrapping Makes You A Better Entrepreneur - Forbes

8 Ways Bootstrapping Makes You A Better Entrepreneur - Forbes | Living | Scoop.it
To bootstrap or not to bootstrap? Serial entrepreneur Jay Wu argues that bootstrapping actually helps you execute smarter -- and faster.
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Investigators Probe Shady Crowdfunding Sites

Investigators Probe Shady Crowdfunding Sites | Living | Scoop.it
The JOBS Act paved the road for new crowdfunding portals. Now regulators are sussing out the potential fraudsters.
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Surviving the 3 Stages of Founder Growth

Surviving the 3 Stages of Founder Growth | Living | Scoop.it
Founders tend to go through three stages as their companies grow. To get through the second, you'll need a founder whisperer.
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Seven Steps: Creating Compelling and Credible Crowdfunding Plans | iCrowd

Seven Steps: Creating Compelling and Credible Crowdfunding Plans | iCrowd | Living | Scoop.it

The hallmark of crowdfunding is that collective wisdom will become the standard for evaluating investment ideas. We refer to this process as “diligence by the crowd”. In the normal course of evaluating opportunities, investors go through a process referred to a “due diligence,” a rigorous analysis to test companies’ claims and assumptions. Angel investors perform due diligence themselves or as part of a group. Venture capital firms have highly structured approaches. In Investment Crowdfunding, the process will be driven by individuals who examine disparate elements of potential investments.


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The First Thing To Do Before You Start Anything New - Forbes

The First Thing To Do Before You Start Anything New - Forbes | Living | Scoop.it
As early as possible, ask potential customers will they pay for what you plan to offer. If you don't, you are going to waste endless amounts of time, money and other resources.
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Group-Funding Platform Crowdtilt Opens To Non-Profits, Now Offers Tax-Deductible Donations, Receipts | TechCrunch

Group-Funding Platform Crowdtilt Opens To Non-Profits, Now Offers Tax-Deductible Donations, Receipts | TechCrunch | Living | Scoop.it

Since we first covered its launch back in February, Crowdtilt has been on a mission to become the easiest way for groups of people to collaborate around money, specifically fundraising, for any cause. In other words, Crowdtilt wants to become the go-to platform for the many types of group fundraising that don’t (or can’t) happen on crowdfunding platforms like Kickstarter. Want to raise money for your friend’s 30th birthday party in Las Vegas or get your softball team together to pay for new jerseys and league fees? This is where Crowdtilt thinks it provides value — by being crowdfunding’s resident generalist.


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PKTMNY launches out of beta to offer kids pre-paid debit cards and ways to manage their cash

PKTMNY launches out of beta to offer kids pre-paid debit cards and ways to manage their cash | Living | Scoop.it
The online space wants your kids pocket-money, and it's getting more competitive about it. Today sees the release of PKTMNY, where, as you might expect, kids can manage their finances ...
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Traveling the world, meeting startups: What We learned

Traveling the world, meeting startups: What We learned | Living | Scoop.it
The Next Web's Startup World - the global competition to promote entrepreneurship and startup culture globally- traveled to Mexico City, Peru, Chile, Buenos Aires, Brazil, South Africa, ...
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Why Crowdfunding Will Explode In 2013 - Forbes

Why Crowdfunding Will Explode In 2013 - Forbes | Living | Scoop.it
The world of entrepreneurial finance is changing rapidly; we are at a tipping point that will make what seems like a vibrant part of our global economy today seem small in one year’s hindsight.
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Welcome To The New Millennial Economy: Goodbye Ownership, Hello Access - Forbes

Welcome To The New Millennial Economy: Goodbye Ownership, Hello Access - Forbes | Living | Scoop.it
This is a guest post by Gary Swart, the CEO of oDesk, an online marketplace for hiring virtual workers.  Today’s millennials don’t like to own anything—besides businesses, that is.
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The Crowdfunding Promise

The Crowdfunding Promise | Living | Scoop.it
Crowdfunding is not going to replace existing financial services any time soon,but it is going to complement and support the existing infrastructure.It will help companies and projects through donations,loans,pre-sales and equity to smooth income...
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5 Great Tips from Kickstarter: Boost Tomorrow's Business - Forbes

5 Great Tips from Kickstarter: Boost Tomorrow's Business - Forbes | Living | Scoop.it
Have you heard of Kickstarter or crowdfunding? You soon will. Crowdfunding is an alternative way to raise capital to get a venture off the ground.
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3 Typical Pieces of "Financial Expert" Advice: Debunked - Recessionista

3 Typical Pieces of "Financial Expert" Advice: Debunked - Recessionista | Living | Scoop.it
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Your startup valuation? The Solution

Do your homeworks! Entrepreneurs are turned off on high valuations or bad financial information. We facilitate both. Present the Equidam report to investors, study it, read it or just attach it to your business plan! Get your idea funded with Equidam


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Economic Collapse? JP Morgan's Latest View On The U.S. Economy - Forbes

Economic Collapse? JP Morgan's Latest View On The U.S. Economy - Forbes | Living | Scoop.it
Is Obama taking us to hell in a handbasket? J,P. Morgan's economists weigh in. The fiscal cliff is behind us. But according to a study by the Bipartisan Policy Center in Washington, released on Monday, the U.S.
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10 types of startup that had a breakthrough 2012

10 types of startup that had a breakthrough 2012 | Living | Scoop.it
As the year draws to a close, let's take a look at the trends that have proven important in the world of tech startups. Don't forget to take a look at our other lists as we tie 2012 ...

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Corporate leaders and psychopaths — what’s the difference? –

Corporate leaders and psychopaths — what’s the difference? – | Living | Scoop.it
Cool under pressure. Lack of empathy. Utilitarianism instincts. A new book, writes LeadingCompany's Kath Walters, examines the link between psychopaths and corporate leaders.

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How These Five Women Are Saving for Retirement - Forbes

How These Five Women Are Saving for Retirement - Forbes | Living | Scoop.it
These four real women are saving for retirement. Read on to find out how much they have, how they did it and how you can, too.
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11 Ways You're Sabotaging Your Future - Forbes

11 Ways You're Sabotaging Your Future - Forbes | Living | Scoop.it
We justify not saving for retirement in all kinds of ways. Here are the top retirement lies, why they aren't true, and how to beat them.
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How to Leverage Crowdfunding For Your Small Business

How to Leverage Crowdfunding For Your Small Business | Living | Scoop.it

Fans of crowdfunding say the resource model unlocks the ability for people who could not raise capital in the last five years to launch their dream. While high-tech projects like Pebble’s E Paper Watch, who raised $10 million on Kickstarter earlier this year and have yet to deliver one watch, come to mind when discussing crowdfunding, most of the campaigns raise less than $10,000


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Wal-Mart and American Express Join In Prepaid Card Deal

Wal-Mart and American Express Join In Prepaid Card Deal | Living | Scoop.it
A booming market creates a surprising alliance.
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Softbank Confirms It Is Buying 70% Of Sprint For $20.1B, Creating World’s Third Largest Mobile Carrier By Sales | TechCrunch

Softbank Confirms It Is Buying 70% Of Sprint For $20.1B, Creating World’s Third Largest Mobile Carrier By Sales | TechCrunch | Living | Scoop.it
Softbank has confirmed the news that it is buying Sprint, the third-largest wireless carrier in the U.S., for $20.1 billion (¥1.571 trillion).
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Catapult: Crowdfunding for Girls and Women

Catapult: Crowdfunding for Girls and Women | Living | Scoop.it
A new crowdfunding platform called Catapult will launch later this month to finance projects for the advancement of women and girls around the world.
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