Latest stories

Crypto roundup

C

Bitcoin is going stratospheric. It *seems* to have started because of the announcements that CME will be offering futures on Bitcoin in a couple weeks. That seems to have been the news which brought Bitcoin to the mainstream and now it’s plastered all over all the newspapers and money shows. This is obvious from the stats for Coinbase signups, which went from 100,000 a month to 100,000 a...

Stop using Coinbase

S

PSA: For everyone trying to get into Bitcoin right now. Coinbase is the gas station of cryptocurrency: convenient, expensive. It’s really easy to drop in and grab a water, but if you want to buy a bunch of water, I can’t recommend that you keep dropping by the gas station and paying three dollars apiece for a bottle of water. Similarly, once you have some basic familiarity with...

A new feel on bitcoin

A

Folks, i’ve had a shift in my perception of Bitcoin in the last few days. Instead of trying to jump in and out of the market based on conditions or fundamentals, I’ve decided that Bitcoin will either be $500,000 or zero. So I am taking an amount I can afford to lose and I’m going in long. I have a lot of people calling me for advice right now, and that’s all the advice I...

Crypto Update

C

WTF? Here are my predictions lately: – I predicted a Bitcoin crash, and it did drop down to about 5500, but immediately shot back up. HOWEVER, my crash prediction was predicated on a fork happening, and it did not. So the conditions necessary for my prediction never happened, so I kind of want to claim a wash. Otherwise, I have been worried about attacks from Bitcoin cash, but that’s...

A guide to Section 1202 tax benefits for entrepreneurs

A

UPDATE – In the Omnibus appropriations bill of 2015, Congress made this provision permanent and retroactive to the beginning of 2015. I’m writing this post because in my nine years of being in the startup world, I have never met an entrepreneur who had ever heard of section 1202 or section 1045 (upcoming post). The topic hardly ever comes up in conversation, and when it does I just...

Tax benefits for entrepreneurs willing to move to Puerto Rico

T

A few years ago, in order to encourage investment in Puerto Rico, the legislative assembly passed Act 20 and Act 22. Act 20 provides tax benefits for founding a Puerto Rico company, Act 22 offers tax benefits for entrepreneurs and investors willing to move to Puerto Rico. This post will cover the details of Act 22. First, a few disclaimers: I am not a lawyer or an accountant, and while I have no...

Schwab password policies and two factor authentication: a comedy of errors

S

Like probably millions of people I have a Schwab brokerage account, and that account holds a good portion of my savings for retirement. I care very much about protecting my savings, and one would expect that Schwab would care a great deal about protecting a reputation for protecting me. This is why, during a recent tech support call and subsequent investigation, I have become appalled at what...

Modifying pg_backup to include a latest directory

M

I wanted to use this script to back up my database, but I needed a directory that would always have the latest version in it. I added/modified the following lines in the script: LATEST_BACKUP_DIR=$BACKUP_DIR"latest/" rm $LATEST_BACKUP_DIR"$DATABASE".sql.gz cp $FINAL_BACKUP_DIR"$DATABASE".sql.gz.in_progress $LATEST_BACKUP_DIR"$DATABASE".sql.gz mv $FINAL_BACKUP_DIR"$DATABASE".sql.gz.in_progress...

How to set up a Linode environment for the Pyramid Framework 1.5, Python 3, PostgreSQL 9.1 on Debian 7.5

H

I'm in the process of working on a new startup, and I finally decided to break down and do things right this time, which means leaving PHP and my custom written framework in the past. I'm not really a system administrator, so I figured when I set up my Linode there would be a guide out there to go by. To my surprise, even the Linode hosted config repository didn't have what I needed or it was out...

About

I am a startup founder, investor, mentor, and zouk dancer.