Twitter Must Adopt A Bitcoin Dividend For Users
Users who currently generate social media companies’ revenues should be compensated in bitcoin.More companies, countries and capital firms are embracing bitcoin than ever before. Notably, Jack Dorsey recently announced that Twitter would allow for users to tip other content writers on Twitter using bitcoin. This is welcome news because it shows another use case for bitcoin as a currency and pushes the world closer to “hyperbitcoinization.” However, while it is nice that Twitter is facilitating bitcoin donations through their platform, this isn’t adequate. In keeping with the ethos of....
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Patrick Byrne and Overstock.com have prevailed over the digital dividend-doubting short sellers.
The lawsuit, accusing Overstock of market manipulation through its security token airdrop, has been turfed by a federal judge. A Utah federal judge has tossed out a lawsuit that accused Overstock ($OSTK) of market manipulation by distributing a ‘digital dividend’ of security tokens to shareholders and repeatedly revising retail earnings guidance upward to punish short-sellers.U.S. district judge Dale Kimball granted two motions to dismiss the suit on September 28, finding that the digital dividend did not manipulate the market, and that the revised earnings statements were protected by the....
Cryptocurrency OBITS has called to end its crowdsale with the introduction of its first buyback, a dividend option and a new fiat gateway on OpenLedger, a decentralized trading platform based on BitShares 2.0. The crowdsale, according to OBITS issuer and market maker CCEDK, has managed to raise more than 700 BTC — equivalent to $270,000 — before conclusion. The Danish decentralized cryptocurrency exchange now plans to move ahead with OBITS’ first buyback program, which will take place on February 2nd this year. The new profits “will be used for market-making and to add value to the end....