Archive for the ‘crowd funding’ Category

Ohio Congressman: We can fund border wall with “WallCoin”

December 13th, 2018
A serious man in a heavy coat and hat.

Enlarge / Rep. Warren Davidson (R-Ohio) wants Americans, Mexicans, or just about anyone else to be able to donate cash to build a wall. And he thinks a "WallCoin" could help do that. (credit: Tom Williams/CQ Roll Call via Getty Images)

As President Donald Trump threatened to allow a government shutdown if Congress did not provide funding for his proposed wall along the Mexican border, a Republican congressman from Ohio offered up alternative routes to getting the wall built: through Internet crowdfunding or through an initial coin offering.

During an interview with NPR's Morning Edition on December 12, Rep. Warren Davidson said that he had offered what he referred to as a "modest proposal" in the form of his "Buy a Brick, Build a Wall Act." The bill, which he submitted on November 30, would authorize the Secretary of the Treasury to accept monetary gifts from anyone "on the condition that it be used to plan, design, construct, or maintain a barrier along the international border between the United States and Mexico." The funds would go into an account called the "Border Wall Trust Fund," and a public website would be set up to process donations electronically.

Rep. Davidson told NPR's Steve Inskeep that the donations could come from anyone and be gathered in a number of ways."You could do it with this sort of, like, crowdfunding site," Davidson explained. "Or you could do it with blockchain—you could have Wall Coins."

Read 1 remaining paragraphs | Comments

Posted in Biz & IT, Blockchain, border security, Border wall, crowd funding, crowdfunding, ico, initial coin offering, Policy | Comments (0)

Danish submarine mystery takes gruesome, bizzare turns

August 22nd, 2017

Enlarge / The UV3 Nautilus in early sea trials in 2008. (credit: Frumperino)

On Monday, a Copenhagen Police spokesperson released new information regarding the investigation into the disappearance of Kim Wall, a Swedish journalist who had been last seen aboard the UC3 Nautilus—the crowd-funded, amateur-built diesel-electric submarine designed and piloted by Peter Madsen. Madsen now confirms that Wall died aboard the submarine, and that he dumped her body overboard. But he claimed to police and prosecutors that her death was accidental.

Details of the investigation had been sealed (protected under the “closed doors” provisions of Danish law), as the criminal investigation is still underway. But after a request from both prosecutors and Madsen’s defense attorney, the court allowed the police department to release the following statement:

The defendant has explained to the police and the Court, that there was an accident on board which caused Kim Wall’s death and that he consequently buried her at sea at a non-defined location in the Bay of Køge. Copenhagen Police may additionally disclose that the preliminary charge of manslaughter is upheld. As the investigation of the case is still covered by “closed doors,” no further information can be given.

Madsen continues to be held on charges of involuntary manslaughter, as the investigation continues.

Read 2 remaining paragraphs | Comments

Posted in crowd funding, Gaming & Culture, submarine, Tech, uc3 nautilus | Comments (0)