Posts Tagged: Venture Capital

The Great Crypto Stagecoach Robbery

Anyone holding Bitcoins—or pretty much any cryptocurrency, really—has taken a substantial hit in the last few months, with the exchange rate of dollars to Bitcoins dropping from a high of around $1200 last November to around $550 today. But it's possible that those whose Bitcoins were parked at the long-troubled Mt. Gox exchange have suffered a near-wipeout, or even a total one, in what may have been the catastrophic theft of some 744,000 Bitcoin from that exchange.

Mt. Gox was the first big Bitcoin exchange; as such it attracted the most attention, the most traffic, and the most trouble. It was hacked repeatedly because, at one time, it was [...]


What Does Your Coffee Say About You? And… Is It Something Terrible?

A tall man with a boy’s face stood outside Philz, a $$-on-Yelp coffee shop with a branch in the Tenderloin. He approached the sleek pre-yuppies going in and out and said, “Excuse me?”

He was white and young and fairly clean—nothing like the bums they’d ignored all day—so many stopped. When he then asked for change, they would duck and weave into the AC’d haven of $4 coffee with fresh mint sprigs. (The nice ones stumbled over an apology.) He moved on.

This Philz (a Bay Area chain) is on Van Ness and Turk, a block from Polk Street and its famous gay and transgender prostitutes. It backs up to [...]


Poking Back, Part 1: How Much Longer Will Facebook Rule?

Part one of a short series on a new film about Facebook-perhaps you've heard of it?

The Social Network is full of fibs, as everyone knows. The film is based on Ben Mezrich's The Accidental Billionaires, which tells a colorfully embellished version of the story from the point of view of Facebook co-founder Eduardo Saverin, which tale, as it was written, was then adapted into the screenplay by Aaron Sorkin. The resulting account of the founding of Facebook amounts to a Hollywoodized game of Telephone. But the movie's lies aren't limited to those that blame Mark Zuckerberg for his rapacious and unscrupulous ambition (indeed, much of that stuff is [...]