Following an explosive 2017, many of the cryptocurrencies we are commonly familiar with reached their all-time peak values in January of 2018 before the market took a spectacular turn for worse and began a correction that lasted for the entire year. During the year, many cryptocurrencies you are familiar with witnessed staggering losses. Bitcoin alone lost more than $250 billion, or 80% of its value, Ethereum lost more than 90% of its value, and other cryptocurrencies suffered similar losses.
It was practically impossible to read the news without seeing reports on how ...
The challenges family businesses have of providing effective tax and business advice to entrepreneurial and family-based enterprises
Family challenges are certainly situational as no two are alike. The most common test for professionals is confirming the family is aware of their situation. Entrepreneurs are doers and they are hyper-focused on achieving measurable results and rarely invest in activities that require one of them to reflect and ponder their future.
Inherent conflicts exist among the generations as to where to invest the family attention and the outcomes ...
Blockchain, Distributed Ledger Technologies (DLT), and other “Modern” methods of transparent financial transactions have been at the top of my mind this year as it probably has yours too with all the latest headlines we’ve been reading.
Blockchain technology is well known for use with cryptocurrencies; however, it has broad potential in applications beyond that of banking and financial services. It is being evaluated for uses in the transportation industry where it has potential benefits ranging from more efficient business transactions to increased tracking ...
Distributed Ledger Technologies (DLT) are simple in nature and complex in operations. DLTs hold real promise in their ability to reduce “Friction”. Friction can be an economic cost and expense that strips your liquidity by forcing buyers and sellers to navigate through the “sludge” by adding unnecessary Steps and Bureaucracy. Like the preferred clean oil in your car, reducing friction improves more than your engine.
Take the recent issue in the U.S. with tainted romaine lettuce. The romaine lettuce from Arizona was identified as dangerous for consumption ...
Tax incentives still matter. While “follow the money” is an excellent concept for seeking greater information about “what has happened”, by identifying and following the incentives is far superior for determining what “will” happen”. In economic terms, the differences are substantial. One is a lagging indicator (where we have been) and the other is the leading indicator (where we are going).
The new law states, no deduction is allowed for any settlement, payout, or attorney fees related to sexual harassment or sexual abuse if such payments are ...
A Primer on Disruptive Technologies and the Regulator’s Positions
Mark Twain has been credited with expressing that “History doesn’t repeat itself but it often rhymes,” Regardless of who crafted the sentiment; it is clearly consistent with my experience associated with some disruptive technologies that are showing up in today’s financial markets.
Philosopher Arthur Schopenhauer once stated, “All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.”
Distributed Ledger ...
I am Crypto and Need to be Free
Please, allow me to introduce myself, I am Crypto. I have many names: Bitcoin, Ethereum, Dash, and many others. I am a currency and so much more yet the IRS wants to call me Property. I am fluid and mobile; volunteers freely created me, and I am free to use. I cross borders at the speed of light. I make so many happy yet there are a powerful few who want me caged (forced into a box).
I am nimble and evolving. My fans love and embrace me. My detractors want to enslave me with their “Traditional” ways (old fashion). I ...
The modern world of economics now includes cryptocurrencies where there are lagging, coincident and leading indicators. In the arena of new business model implementations, there are innovators, early adopters, the late majority and the laggards. In the stampede to understand (and hopefully take advantage) cryptocurrencies for financial gain (e.g. Bitcoin, LiteCoin, Ethereum, etc.), I’d suggest the leading indicator for you to be aware of might be that the innovators are cashing out at the expense of the early adopters.
This past week when I was in New York City, I ...
Why is Your New Business is a Start-Up and My Old Business Not
We all know young individuals who impress us as adolescents or pre-adolescents with how they behave and we also know some who are past 30-years of age who should know better and behave like infants and toddlers.
Start-Ups and Attitude; Think Like a Founder
A Start-Up is:
1 - Passionate
2 - Thinks and Serves Beyond Status Quo
3 - Modify the existing (traditional) Business Model associated with the enterprise that it serves
Part One: Passion
What are you doing about Changing and Evolving the DNA ...
Let me explain
After a few short years of investing in cryptocurrency and preaching its gospel, it appears that some venture-capital experts are finally listening.
Some may still believe that investing is driven primarily by “Greed and Fear”, at Morris+D’Angelo we view this as an old and misused concept; investing is not about greed, greed is a human constant and a commonly misused phrase.
“Speculating” might be a better word to describe this old-fashioned motivation and notion (Greed and Fear). Investors exchange sweat, toil, money, ideas, Intellectual ...