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It does mention that the cost of acquiring the bitcoin.com domain cost them "about $1M in equity"...
by vsviridov 15y ago
It does mention that the cost of acquiring the bitcoin.com domain cost them "about $1M in equity"...
- noduerme 15y agoThis is one of the real mysteries of the article. AFAIK, and anyone in the bitcoin forums knows, and unless something changed in the last 12 hours, the bitcoin.com domain is still owned by Tradehill's CEO who's promising and planning to develop it into a prime piece of real estate. Which betabeat doesn't mention. So the only thing I can take from this is that he traded his equity in the dying company for the domain, and valued the equity at $1M, then wrote it off as a loss for the company and blamed Dwolla for it...? Go figure that one out...