Monthly Archives: September 2014

Crypto-currency to be backed by publicly traded stock.

This was an interesting problem that I worked on between 2006-2010, making a crypto-currency that was backed by publicly traded stock. It’s a complex problem to protect against those that want to game the system. MetaWallet had some great ideas about detecting bad actors and made real progress there. Reddit Article


What VC legend Peter Thiel thinks of Edward Snowden, net neutrality and bitcoin


Even in a technology landscape that features Mark Zuckerberg and the founders of Google, venture capitalist Peter Thiel stands out — not just because he was the first investor in Facebook and made close to $1 billion from that investment alone, but because he is also an avowed libertarian who advocates building autonomous countries that float on the ocean, among other things. The Founders Fund partner did one of Reddit’s trademark “Ask Me Anything” interviews on Thursday and in his usual fashion didn’t hold back from sharing his opinions:

On Edward Snowden and his revelations about the NSA: “I think Snowden revealed something that looks more like the Keystone Kops and very little like James Bond… more generally: the NSA has been hovering up all the data in the world, because it has no clue what it is doing. ‘Big data’ really means ‘dumb data.'”

On whether he considers

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