Two Bitcoin Companies Make the Fox Business List of 30 Hot Fintech Startups

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Fox Business published a list of 30 top fintech startups to watch in the Bay Area. The list includes two Bitcoin companies that offer simple and effective solutions for important real-world problems. BTCjam allows users to invest their bitcoin and earn a high rate of return. This process is secure and allows investors to participate in peer-to-peer lending. BTCjam is also a great place for those seeking loans, and especially for the residents of developing countries without a national credit scoring system who are subject to aggressive predatory lending practices when they need to borrow money from traditional lenders. Using cryptocurrencies such as bitcoin, and tapping foreign lenders, helps BTCjam avoid regulatory issues, TechCrunch reported in 2014. “We are one of the first real use cases for bitcoin,” said founder Celso Cardoso Pitta Jr. “Today people circle around buying and selling of bitcoin, but I don’t think bitcoin increases in value because it’s a commodity or a currency. It needs to be useful.” BTCjam is a marketplace where people from around the world connect to borrow and lend using bitcoin. By the end of 2014, the company had facilitated bitcoin loans in excess of $10 million dollars in value with …

Facelift: How Decentralized Social Networks Could Make Crypto Cool

Facelift: How Decentralized Social Networks Could Make Crypto Cool

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Social networking has become ubiquitous throughout much of the world but introduce decentralization, and the traditional network becomes something unrecognizable. The prosaic notion of an ‘egalitarian’ social network, where each user both controls and feels their power within it, on the surface fits well with the notion of decentralized technologies – the blockchain, decentralized ledger and cryptocurrency. Although the latter has only existed in the mainstream for six years or so, in 2015 decentralized networks are already making this notion a reality. Social networks used throughout the world – notably Facebook – tend to use advertising as their major source of revenue. Advertising manipulates users and gathers information about their lifestyles, and is in turn tied to fiat currency, which allows the network to continue operating. The manipulation element is key: users sign up to the network, which then uses their habits to generate revenue, while keeping them on the network through targeted advertising and by giving them a freely customizable interface which lets them feel ‘in control’. This mechanism of manipulation is one aspect of Facebook’s operation, in particular, which has generated criticism. Other aspects are notably the selling of user data to third party companies – a security …