Entrepreneurship

Around the World with Bitcoin

"We are thrilled to announce a trip around the world on bitcoin as part of our documentary film! Trip dates: October 12th - November 3rd Week #1: We will drive across the United States from our home Provo, Utah to New York City with multiple cities in between. Week #2: We will fly to Europe and specifically visit the glorious cities of Stockholm, Sweden and Berlin, Germany. Week #3: We will fly from Berlin to Singapore and spend a week in Asia. November 3rd: We will arrive back in Salt Lake City having circled the globe and paying for the trip with the world's first decentralized, digital currency, bitcoin!" Continue reading →

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Operation Compliance: Detroit’s War on Small Business

"Mayor David Bing announced in January that he'd assembled a task force to execute Operation Compliance. Operation Compliance began with the stated goal of shutting down 20 businesses a week. Since its inception, Operation Compliance has resulted in the closure of 383 small businesses, with another 536 in the 'process of compliance,' according to figures provided to Reason TV by city officials. But business owners say that Operation Compliance unfairly targets small, struggling businesses in poor areas of town and that the city's maze of regulations is nearly impossible to navigate, with permit fees that are excessive and damaging to businesses running on thin profit margins." Continue reading →

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Anarcho-Perspective on Detroit is Catching On

"Detroit’s ground-up resurrection has not been created by the city, but rather, it has been enabled by the city because in spite of its seemingly unyielding regulatory environment, as presented by the media and some local businessmen, the government-regulatory complex has been too corrupt, too inept, and too inconsequential to enforce its own ridiculous dictates, for the most part. Detroit’s entrepreneurial storm that is rooted in rejection of the conventional political system is purposeful in that creative human capital actually seeks Detroit out as a place where they can potentially launch and operate innovative entrepreneurial efforts with minimal bureaucratic meddling." Continue reading →

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Why I Charge $1,000 For An Hour Of My Time

"As an entrepreneur, fighting small charges such as bank errors or late payment fees simply isn’t worth your time. If you have a finance or office manager whose hourly rate is less than the amount of the erroneous charge, then it makes financial sense for that person to spend time resolving the issue. If that isn’t the case, it’s better just to let it go. The bottom line? The more you can avoid fighting based on principles, the better: It just isn’t worth it. When your time is worth $1,000 an hour, it’s often best to turn the other cheek." Continue reading →

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Late Marc Rich’s Swiss mansions for sale

"The daughters of the late expat American commodity trader and financier Marc Rich have put up for sale his luxury Swiss homes in the canton of Lucerne and the mountain resort town of St. Moritz. Rich is celebrated for making a fortune in metals such as aluminum, silver and zinc by cornering the market and in dubious dealings in oil. He became a fugitive in Switzerland after being indicted in the early 1980s on charges of widespread tax evasion, illegal dealings with Iran and other crimes." Continue reading →

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Video game pioneer & former Nintendo head Hiroshi Yamauchi dies at 85

"He was known as 'the godfather of the console', building the Japanese firm Nintendo from a playing cards manufacturer into one of the world’s most powerful computer games businesses. Now the gaming industry is paying tribute to the company’s former president, Hiroshi Yamauchi, who died on Thursday at 85. For a generation of gamers, Yamauchi’s Nintendo represented a golden era of mainstream gaming, dominated by classic titles like Super Mario Bros, Legend of Zelda and Metroid. A 1990 survey found the company’s mascot Mario, a moustachioed Italian plumber, was more recognisable to American children than Mickey Mouse." Continue reading →

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10 Simple Steps to a Billion Dollar Business

"There are some great technology companies worth billions of dollars like photo-sharing website Instagram, and microblogging platform Tumblr. But…that doesn’t make them great businesses either. Mainly because they don’t actually make any money. These two are examples of a great idea that people love, but don’t pay for. But there are a lot of great ideas in the world. A lot of inventions, a lot of smart people coming up with world changing ideas. Some get lucky (like Instagram and Tumblr), some fail and some take years of hard work. For those ideas to become great companies, the pathway to that destination is relatively simple." Continue reading →

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Cygnus cargo spacecraft is on its way to the International Space Station

"Orbital’s Cygnus cargo spacecraft is now on its way to becoming the second commercial cargo vehicle to service the International Space Station. The Antares rocket carrying the Cygnus cargo spacecraft lifted off on schedule at 10:58 am EDT (1458 GMT) Wednesday and placed the Cygnus spacecraft into earth orbit. The spacecraft is carrying 700 kilograms of supplies, more than any previous commercial cargo mission to the station, Orbital’s Frank Culbertson said at a post-launch press conference (a subtle dig at SpaceX’s three Dragon flights to the station.)" Continue reading →

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SpaceShipTwo flies a little higher and a little faster

"Virgin officials and investors hailed the flight as bringing the company another step closer to commercial operations. 'We couldn’t be more delighted to have another major supersonic milestone under our belts as we move toward a 2014 start of commercial service,' said Sir Richard Branson. 'The successful completion of all major aspects of the flight mission demonstrates that we are very close to achieving one of Galactic’s key goals: commercializing access to space for the broader public,' said H.E. Khadem Al Qubaisi, chairman of Aabar Investments, a major investor in Virgin Galactic." Continue reading →

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Monetary Authority of Singapore warns on ‘unregulated’ bitcoin

"The Monetary Authority of Singapore (MAS) is cautioning consumers against bitcoin trading even as a few merchants in Singapore have started accepting the digital currency as payment for physical goods. Invented in 2009, bitcoin is the world's most well-known digital currency. It is not issued or managed by a single company or monetary authority. Bitcoins can be bought through online exchanges that convert real money into the virtual currency. Due to its anonymous nature, bitcoin trading was declared illegal in Thailand in July over money laundering concerns. An MAS spokesman told The Straits Times that consumers should be wary of such trading." Continue reading →

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