Mark Cuban, who just called bitcoin a bubble, says he plans to invest in another digital coin

  • Bitcoin skeptic Mark Cuban is looking to take part in one of the hottest trends in the digital currency world right now: the initial coin offering.
  • One of the companies Cuban is invested in, Unikrn, is planning its own offering, and digital currency news site CoinDesk said Thursday that the billionaire entrepreneur intends to participate.
  • An initial coin offering is a fundraising process for blockchain-based projects that allows investors to own part of a project through a digital network token.
  • Cuban tweeted earlier this month that he thought bitcoin was in a “bubble” yet he acknowledged then that there is value in the blockchain technology behind the digital currency.
  • High demand for initial coin offerings last week clogged the network of ethereum, while prices for ethereum briefly fell from above $300 to 10 cents on one exchange, showing how undeveloped the young digital currency world is.

“Shark Tank” investor Mark Cuban is looking to take part in one of the hottest trends in the digital currency world right now: the initial coin offering.
Continue reading “Mark Cuban, who just called bitcoin a bubble, says he plans to invest in another digital coin”

Mark Cuban, who just called bitcoin a bubble, says he plans to invest in another digital coin

  • Bitcoin skeptic Mark Cuban is looking to take part in one of the hottest trends in the digital currency world right now: the initial coin offering.
  • One of the companies Cuban is invested in, Unikrn, is planning its own offering, and digital currency news site CoinDesk said Thursday that the billionaire entrepreneur intends to participate.
  • An initial coin offering is a fundraising process for blockchain-based projects that allows investors to own part of a project through a digital network token.
  • Cuban tweeted earlier this month that he thought bitcoin was in a “bubble” yet he acknowledged then that there is value in the blockchain technology behind the digital currency.
  • High demand for initial coin offerings last week clogged the network of ethereum, while prices for ethereum briefly fell from above $300 to 10 cents on one exchange, showing how undeveloped the young digital currency world is.

“Shark Tank” investor Mark Cuban is looking to take part in one of the hottest trends in the digital currency world right now: the initial coin offering.
Continue reading “Mark Cuban, who just called bitcoin a bubble, says he plans to invest in another digital coin”

Mark Cuban: Basic income ‘the worst possible response’ to job losses from robots

  • Universal basic income (UBI) is “the worst possible response” to the unemployment likely to be caused by robots and artificial intelligence, business mogul Mark Cuban has said, putting himself in stark contrast to the growing chorus of major technology CEOs who back such a policy.
  • On Monday, the Dallas Mavericks owner tweeted his concern about job losses as a result of technology and said “we need to prepare for it.”
  • Scott Santens, a basic income advocate and writer, replied to Cuban’s initial tweet asking him whether he agrees with the idea of UBI.
  • The billionaire said it was one of the “worst possible responses.”
  • UBI is a policy in which governments pay each citizen the same amount of money regardless of whether they are working or not.

Mark Cuban’s views on basic income puts him in stark contrast to the growing chorus of major technology CEOs who back such a policy.
Continue reading “Mark Cuban: Basic income ‘the worst possible response’ to job losses from robots”