Blackton Blog Post

Cryptocontracts: Automating Payment for Digital Consumption

(Apr 2014)

The proliferation of digital currencies, following the lead of Bitcoin, has been outpaced only by the companies forming to bet their futures on widespread acceptance of the new technology. A few companies are focusing on self-enforcing contracts, dubbed Smart Contracts or Cryptocontracts. Digital currencies are an enabling technology here in that they allow the contract

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Boehm Blog Post

How Should Bitcoin Be Taxed? IRS Provides Short Answer

(Apr 2014)

With “Tax Day” looming for many Americans, it seems the perfect time to talk about the Internal Revenue Service (“IRS”). Bitcoin is a relatively novel form of currency that was first introduced in 2009. Unlike traditional currencies, Bitcoin operates “without central authority” and utilizes “peer-to-peer technology”  and functions as a open source of payment around

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Colley Blog Post

Stop Being a Jerk: FTC Charges Jerk.com with Deceiving Consumers

(Apr 2014)

On Monday, April 7, 2014, the FTC alleged that Jerk broke federal laws and deceived consumers. The Massachusetts-based company created the social media site, Jerk.com which was active from 2009 until 2013. It also operated under jerk.be and jerk.org. The current jerk.com seems to have nothing to do with the original site. Also included, as

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