12 Nov 2020
By Charles Stack

Accounting for Bitcoin

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The American Institute of CPAs (AICPA) has issued a 47 page practice aid for handling digital assets. https://www.aicpa.org/content/dam/aicpa/interestareas/informationtechnology/downloadabledocuments/accounting-for-and-auditing-of-digital-assets.pdf Highly recommended for businesses that are starting down the Bitcoin path.
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12 Nov 2020
By Charles Stack

CCSS Checklist for Corporate Crypto Security

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Enterprises looking to hold or transact with crypto currencies such as bitcoin, need to implement appropriate levels of governance. Bitcoin is a money-just as your finance departments have control and compliance standards over the handling of corporate cash they also need to implement standards appropriate for handling Bitcoin. CCSS, crypto currency security standard, is an excellent start for organizations jumping on the bitcoin bandwagon. CCSS offers three levels of security. We highly recommend that organizations begin ticking off the Level I set of standards. The standards are divided into several categories including: key creation, wallet creation, key storage, key usage,…
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12 Nov 2020
By Charles Stack

Multi-Key Technology Circa 1500 AD

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The Byzantine Monks of Mt. Athos have a multi-key security system protecting their invaluable religious relics. It is a 4-Key system with each unique key being held by a different monk. CBS 60 Minutes recorded this amazing behind the scenes footage of the multi-key system in actual use. https://youtu.be/J1lvruy-j2c?t=640 They're under lock and key. It's not a new security system, but it works. Normally it takes more than one monk to unlock the ancient door, because no one monk is allowed to have all four keys at the same time. It is sort of a medieval version of the nuclear…
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12 Nov 2020
By Charles Stack
1 Bitcoin = 6,400 BigMacs – A New Record High

1 Bitcoin = 6,400 BigMacs – A New Record High

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The bitcoinppi measures the value of bitcoin by its purchasing power of a worldwide available and uniform item - the Big Mac hamburger. This makes the bitcoin purchasing power index agnostic to monetary policy. The bitcoinppi hence lets you express bitcoin's value in a central bank independent way. Much similar to how bitcoin operates technologically as a currency and payment network.http://bitcoinppi.com/?from=2016-10-12%2000%3A00&to=2020-11-11%2000%3A00 The BigMac Index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move…
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12 Nov 2020
By Charles Stack

Fidelity Endorses Bitcoin

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“Bitcoin is a unique investable asset with compelling differences relative to traditional asset classes as well as conventional alternative investments that could make it a beneficial addition to a portfolio.” BITCOIN INVESTMENT THESIS Fidelity Report October 7, 2020
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12 Nov 2020
By Charles Stack

Every Business Needs a Bitcoin Plan Now !

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Michael Novogratz, former Goldman Sachs partner recently stated to Bloomberg: Bitcoin is a store of value, like "digital gold," and will unlikely be used as traditional currency for the next five years, the former Goldman Sachs partner and hedge fund manager Mike Novogratz told Bloomberg.The Bitcoin bull expects the digital currency's price to keep rising as more people pile into the idea of adding it to their portfolios.He expects several banks and credit-card companies to catch up to PayPal's recent decision to allow customers to transact in cryptocurrencies."It's no longer a debate if crypto is a thing, if Bitcoin is…
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27 Oct 2020
By Juliet Zito

Bitcoin Basics

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You don’t need to be a techie to use Bitcoin. The world of cryptocurrency is rapidly growing and one day in the near future, it will be as common as traditional currency. It has already been adopted by mobile payment giants like Venmo, Paypal, and Cash App meaning anybody can conduct transactions now. In terms of investing, Square and Microstrategy have added Bitcoin to their assets in an effort to stay ahead of the curve. As Bitcoin grows in popularity it’s crucial that you know the basics so that you can make smart decisions whether your investing or spending. Below,…
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11 Sep 2020
By Charles Stack
Implement Crypto Technology Tracking

Implement Crypto Technology Tracking

Pilot Projects, Uncategorized
Corporate success with new technologies starts with tracking new developments. You need to know what's happening! New technologies like Crypto pass-through several levels of adoption. We have created the Flashstarts Levels of Technology Adoption model to track the progression of new technologies through a business. Basically, corporate adoption of new technologies goes from unengaged to tracking to educational and on to experimental, tactical, and strategic. For a complete discussion of our FLOTA model please go to this link. As you are reading this post, I can assume you have moved past the ‘unengaged’ level and are aware of, and interested…
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05 Feb 2020
By lightningnet

Welcome

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Welcome to the Flashstarts Crypto microsite. The goal for this microsite is to provide executives and managers with all the information they need to understand and deploy Bitcoin, Lightning, and Ethereum in their organizations. Effectively deploying any emerging technology within an existing organization requires that you become a "product champion". We will provide you with the knowledge and tools to become that champion. Bitcoin, Lightning, and Ethereum are the leading blockchain technologies that offer a vast new array of exciting business opportunities. We hope this site will educate you on the underlying technology and where it may or may not…
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