View Post

Bitcoin Founder Satoshi Nakamoto was probably an NSA Employee—and the NSA may destroy Bitcoin

In Uncategorized by Drew MillerLeave a Comment

I have long believed that Bitcoin founder Satoshi Nakamoto was probably an NSA employee.  I believe this not just because the hash codes and some key technology of Bitcoin, the first successful blockchain application, used crypto technology NSA developed.  Not just because he or she or they had skills and information that may have come from NSA work.  As NSA employee(s), they would have needed approval for outside work—and would likely not have received it, …

View Post

You can design a utility token ICO to avoid security regulation risks—and still have big upside price increase potential

In Uncategorized by Drew MillerLeave a Comment

The SEC keeps threatening to go after ICOs because most offer profit sharing and voting rights similar to what stock equity owners receive.  But pure utility cryptocurrency tokens—where you have the right to a discounted, priority buy of a new product or service—do not have equity features or face security regulation risks. The problem is that these utility tokens may not have much price increase upside potential—and thus not get much sales.  The key is …

View Post

You can design an ICO to avoid security regulation problems

In Uncategorized by Drew MillerLeave a Comment

The Nov 10 Wall Street Journal proclaimed that the Securities and Exchange Commission is “talking tough on Coin Offerings.” Initial Coin Offerings (ICOs) that offer a share in profits or have equity features are indeed at risk of securities regulations—but an ICO designed as a utility token (an advance purchase of a product or service) without equity features should not be deterred by threats of securities regulators. Indeed, most companies may have an opportunity to …

View Post

Blockchain technology is fantastic—but many ICOs are disasters

In Uncategorized by Drew MillerLeave a Comment

Blockchain Technology is clearly going to create some very profitable, great new businesses—but most of the Initial Coin Offerings coming out now are for businesses with little to no chance of success Ethereum and many great ICOs have been funded, but there are clear Ponzi schemes and many proposed businesses that look legitimate, but upon further investigation prove to be impossible schemes that will clearly fail. While getting outside due diligence is wise for any …

View Post

The Bobcat

In Uncategorized by Jamil Hasan1 Comment

I still remember my first full time job out of graduate school. I was admitted to be part of Ingersoll Rand’s financial management program, a rotational program designed to develop future financial leaders of the company. I was one of six analysts fresh to the team and had just completed my first six-month assignment in Allentown, PA. I had done a great job and was feeling confident in my abilities. When it came time to …