Category Archives: Blockchain Cryptocurrency

Bitcoin and Cryptocurrency Litigation

Bitcoin and Cryptocurrency Litigation

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Bitcoin and other cryptocurrencies are gaining more attention as days pass. Aside from the advantages that cryptocurrencies have like anonymity and easy international transactions, people are enticed by the fact that it can become a good investment. Apart from trading bitcoins for cash, you can also use bitcoins to buy gift cards, book flights, and hotels, buy furniture, or even buy real estate properties. Bitcoin purchases are not taxed at the moment since there is no way for third parties to identify, track, or intercept transactions that use bitcoins. Transaction fees are considerably lower as well compared to credit card transactions or services like Paypal.

Although there are many advantages in using bitcoin or other cryptocurrencies, just like any other investments, you should always be careful with your transactions. Since cryptocurrency is not regulated, many unscrupulous people have taken advantage of this and incidents of fraudulent cryptocurrencies, and other types of scam related to cryptocurrency have happened. One example of this is Prodeum, a cryptocurrency start-up that scammed its investors in just one weekend.

Because of these scams, law firms have now been involved in helping the victims. Cryptocurrency litigation has now become something that some lawyers specialize in. There are a lot of factors to consider when a cryptocurrency dispute arises. Aside from fraudulent Initial Coin Offering (ICO), lawyers could get involved if the cryptocurrency was used to launder money or hide assets; they could also get involved when there is an issue with the company, commercial, or intellectual property laws being violated in relation to cryptocurrency.

Here are some things that you can do as a cryptocurrency user to avoid being scammed:

1. Research. – Just like with any other investments that you will make, research is essential. When investing in an ICO, make sure to read and dissect their white papers to ensure that you’re working with reliable people. Take time to research the people behind the ICO, their whole team, board members, and other investors. It’s vital for you to learn as much as you can about the company before investing so that there will be no unpleasant surprises.

2. Be vigilant. – Cryptocurrency is still primarily bought and sold at exchanges. Because cryptocurrency is something new and the fuss around it is its value, many people get scammed by the promise of unrealistic prices. If an exchange promises incredible discounts or offers that seem too good to be true, it probably is. Another thing that you can do to avoid bitcoin exchange scams is to check the exchange’s URL. If a website’s address starts with HTTPS instead of just HTTP, that means that the traffic is encrypted and therefore has more protection.

3. Only use trusted sources. – Hardware wallet is a physical device that stores your private keys. Hardware wallets offer more protection from hacking since there is no way for hackers to access them when you’re not online. However, hackers have now found a way around that. Some hackers sell hardware wallets that have a backdoor for them to access all your cryptocurrency and the best way to avoid this is only to accept hardware wallets from trusted sources.

In need of expert legal advice? Contact us at Hogan Injury.

None of the content on Hoganinjury.com is legal advice nor is it a replacement for advice from a certified lawyer. Please consult a legal professional for further information.

Original article posted on the Hogan Injury Website

Syndicated article, by permission, posted on Markethive, by Jeffrey Sloe

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Ukraine: Economic Development and Trade Ministry Launches State Policy to Legalize Crypto

Ukraine: Economic Development and Trade Ministry Launches State Policy to Legalize Crypto

The Economic Development and Trade Ministry of Ukraine has initiated a “state policy” for the classification and legalization of crypto-related activities, Ukrainian state information and news agency Ukrinform reported Oct. 26.

The Ministry has reportedly issued an official press release stating that its purpose is to “create understandable conditions for conducting activities in the field of virtual assets and virtual currencies," and to usher in “adoption of the concept of a state policy” for crypto.

To this end, it has proposed establishing legal definitions for key terms, including “virtual currency” (“cryptocurrency,”) “virtual assets,” Initial Coin (or Token) Offerings (ICOs or ITOs), cryptocurrency mining, “smart contracts,” and “tokens.”

Ukrinform reports the concept is expected to be implemented in two stages, and will be completed in 2021.

Although Ukraine has not until now regulated crypto, the first signs the country was on track to its legalization surfaced in mid-May, when a member of the parliament, Alexei Mushak, attached a copy of an apparent draft legislation document for crypto to his public Facebook page.

The document outlined that the legislation aims to create a “free and transparent” digital asset market, outlining rules for storing, using, and exchanging crypto, digital tokens, and smart contracts at a state, entity, and individual level.

In mid-September, the country’s parliament proposed a draft bill that, if signed into law, would levy a five percent tax on individuals’ and entities’ crypto holdings. For businesses’ crypto-related profits, it proposed the basic corporate and personal income tax rate of 18 percent.

An alternative bill proposing specific crypto tax exemptions and a slightly different definition of various types of crypto assets was put forward by a Ukrainian legislator in early October.

As of mid-October, a dedicated working group within the Ministry of Finance has reportedly been working to elaborate the framework for crypto taxation.

In parallel, the National Bank of Ukraine (NBU) is considering a state digital currency tied to the local fiat currency, the hryvnia, which would be centralized and remain under government control.

Original article posted on Cointelegraph

Article written by Marie Huillet

Posted on this site by Jeffrey Sloe

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What is a Cryptocurrency Crowdsale?

What is a Cryptocurrency Crowdsale?

People are selling mysterious cryptocurrency 'tokens'—but why?

Ideas are cheap. It’s the execution that's valuable. It takes effort and skill to convert an idea into something useful, and both of those things are expensive.

Over the last few years, crowdfunding has emerged as a way to generate the money needed to turn ideas into reality. Websites like Kickstarter and Indiegogo have emerged as ways to crowdsource funding in the form of donations. Now, though, the cryptocurrency world has generated another form of fundraising: the crowdsale.

Crowdselling vs Crowdfunding

Unlike traditional crowdfunding, a crowdsale doesn’t pre-sell a widget or promise to put your name in the credits of a movie. Instead, it sells you something that you might not know what to do with unless you are clued in: a token.

A token is an intrinsic component in a next-generation cryptocurrency 2.0 application. Like bitcoin, it isn’t something that you can physically hold. Instead, it is an electronic record—a kind of digital poker chip—stored on your computer, or mobile device.

Tokens are designed to let you participate in the project that will eventually be launched as a result of the crowdsale. Depending on what service the project offers, the token will serve as a kind of access ticket to that service.

If the project is a software application that lets you find ridesharing partners without the use of a central website, for example, then you might use tokens to pay for your rides. Conversely, if you are the owner of the vehicle and up giving someone a ride, you may be paid tokens by the network. So the tokens are a kind of currency for use within a specific online service.

Why Crowdsales Happen

The crowdsale generally happens before a project has officially launched its service. It is designed to generate funds for the development of the project, helping to pay for software developers, marketing budgets, and all the other things that a startup needs.

It can also be used to measure interest in a particular project. If no one buys the tokens, then the company developing the project might want to reconsider its options.

The really interesting part of a crowdsale is what happens to the tokens later on. In many cases, they will be bought and sold on the open market, gaining their own market value independently of the application that they are used for.

This is another way to encourage early adopters. They may buy tokens because they believe in the potential of a particular online service. If the project becomes as successful as they think, then the tokens might increase in value, turning them a pretty profit later on.

The Legality of Tokens

Therein lies one of the dangers in the crowdsale concept, though. There isn’t yet much accountability. If a company sells a bunch of tokens and then collapses due to bad management—or worse, simply vanishes—what happens to all those poor folks who invested their money?

In the conventional investment world, there are rules governing who can invest in a young startup company. Investors must be accredited, for their own protection. Otherwise, every uneducated, inexperienced investor would be piling their retirement savings into a venture that they were told was a sure bet, only to lose their shirts.

But the rules around crowdsales aren’t yet clear. Regulators have strict rules about issuing financial securities such as shares in a company, for example. There haven’t been many, if any, regulatory investigations of companies engaging in crowdsales.

Crowdsales are still a very new concept, though, with only a few companies having done them. Should tokens be classified as securities, and therefore regulated? The position on this isn’t yet clear, and each case will probably be judged on its own merits.

Crowdsales have been conducted via companies like Swarm, and Koinfy. The same rules apply here as elsewhere, though: understand what you are buying, why you are buying it, and the risk that you are taking in doing so.

Are you buying speculatively? Or are you purchasing tokens simply because you really want to use the application? Are you prepared to accept the loss if the service never launches? Never invest anything that you are not prepared to lose.

Article written by Danny Bradbury

Original article posted on The Balance

Posted on Markethive by Jeffrey Sloe

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There’s A Giant White Sewer Rat In Wall Street And It’s Preaching Bitcoin

There’s A Giant White Sewer Rat In Wall Street And It’s Preaching Bitcoin

There’s a really interesting piece of art down in Wall Street that has captured the people’s attention for some time now. It’s a rat, and a really huge one for that matter.

Nelson Saiers And The Rat

This new phenomenon sits across the street right opposite the Federal Reserve building. However, it’s not the giant white inflatable rat that’s been stirring up Wall Street, but rather what it actually represents. The man responsible for the huge rat’s existence on America’s most popular street is one Nelson Saiers. Nelson spent the better part of his life as a hedge fund manager in Wall Street until he stopped trading in 2014. Since then, Nelson has dedicated his time to revealing the ills of the traditional financial system that he believes is way too broken to survive in the long run.

To better put his point across, this man has opted to use art. In fact, he’s not alone in this line of thinking. There have been numerous cases of people using art to speak to the public about the broken system. Often, they leave spectacular pieces of art or paintings on buildings all across cities. Such art has been spotted in a number of the world’s most popular cities – including France’s Paris.

The Federal Reserve Vs Bitcoin

In precise terms, the huge inflatable sewer rat bearing down on the US Federal Reserve building has its body covered with art depicting Bitcoin code, a spectacle that symbolizes Nelson’s perception of a better financial system as opposed to the mainstream centralized system. In his view, a decentralized crypto ecosystem would do much better than the current system that operates under the tight grip of the authorities.

Indeed, the last two decades have seen various artists come out to use their talents to depict the apparent financial inequalities in the current system. One of the most prominent artists in this school of thought is Banksy. In Banksy’s opinion, a rat is a symbol of resilience and freedom, saying that rats exist without permission and have zero attachment to conservative societal standards. Back in 2016, Andreas Antonopoulous referred to Bitcoin as the “sewer rat of currencies.” Andreas is computer scientist. He went on to give the imagery of an injured but dynamic and robust financial system represented by the sewer rat.

Nicknamed “The Warhol of Wall Street,” Nelson’s ambition doesn’t start or end with the giant white inflatable sewer rat bearing down on the Federal Reserve building. This isn’t his first such project. In fact, he plans to remove the rat once its point is home. With such things happening, Bitcoin seems to be gaining more traction in terms of popularity and credibility as the valid alternative to the restrictive traditional financial system. Could such acts cause a Bitcoin bull run?

Article written by Nick James

Article posted on Ethereum World News

Jeffrey Sloe

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Ethereum ETH Becomes First Base Currency on Bithumb’s Decentralized Exchange DEX

Ethereum (ETH) Becomes First Base Currency on Bithumb’s Decentralized Exchange (DEX)

Earlier on today, the South Korean exchange of Bithumb, launched its very own decentralized exchange.

In the news announcement, the team at Bithumb welcomed users to its platform effective October 15th, 2pm (UTC + 8).

The full announcement was as follows:

 

Dear user, Bithumb’s Decentralized Exchange (DEX) was officially launched on October 15, 2018 at 2 pm (UTC+8)! Bithumb DEX was launched by Hong Kong-based Blockchain & Fintech BGEX Ltd. Working with blockchain service innovator OneRoot Network, we are committed to discovering and listing more valuable cryptocurrencies. Thank you for your trust and support in Bithumb DEX!

 

Free Transactions For a Month and Airdrops

To further stimulate trading action on the new decentralized exchange, the team at Bithumb has launched the following initiatives to reward users of the new platform:

  • Free transaction fee for one month (October 15th to November 15th, 23:59)
  • Users will only pay Gas Fees on the Ethereum network
  • A total of approximately $ 100,000 (500 ETH) in rewards will be distributed by Airdrop
  • Airdrops will be based on trading activities from the 15th of October, till midnight, the 30th of October
  • Coins for the airdrop to be distributed to the top 1,000 traders who have traded for the 2 weeks mentioned above
  • Traders must have more than 1 ETH worth in trade volume for one of the following coins of DENT, INS, POA20, RNT and WTC to qualify for the airdrops
  • Payments will be announced on the 1st of November and will commence on the same day
  • Airdrops to be made at random using any of the digital assets of DENT, INS, POA20, RNT and WTC

 

Ethereum As the First Base Currency

Further analysis of the decentralized exchange yields the fact that Ethereum is the first and only base currency on the platform. The use of Ethereum has been made easier by integrating the DEX with MetaMask. A screenshot of the 10 digital assets paired with Ethereum can be found below. (Digital assets that are part of the airdrop, have a blue A besides them.)

Article posted on Ethereum World News

Written by John P. Njui

Posted by: Jeffrey Sloe

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Yale University Investing in 400 Million Cryptocurrency Fund

Yale University Investing in $400 Million Cryptocurrency Fund

More Institutional Money Could Be on the Horizon

Cryptocurrency, Investing–Yale, one of the most prestigious Ivy League universities in the United States, is reportedly apart of the investment group that is helping to raise $400 million for a massive new cryptocurrency fund.

According to a report by Bloomberg published on Friday with information supplied from an anonymous source familiar with the situation, the university is trying its hand in cryptocurrency via the fund ‘Paradigm,’ which is reported to be helmed by Coinbase co-founder Fred Ehrsam, Charles Noyes of Pantera capital, and former Sequoia Capital partner Matt Huang. The Wall Street Journal had previously reported on the departure of Huang from Sequoia, making the move in order to join with Ehrsam in the creation of the new fund.

While this has been the first reported time that Yale has invested into cryptocurrencies on such a massive scale, the school has had its influence felt in a number of different industries, from Puerto Rican bonds to timber in New Hampshire, as reported by Bloomberg. Among the more interesting details listed in the report is the finding that Yale’s $30 billion endowment–the second largest among U.S. educational institutions–has earmarked a whopping 60 percent of its investment capital in 2019 for “alternative investments” which includes, among other things, “venture capital, hedge funds and leverage buyouts.” Added to the list now appears to be cryptocurrency, with a potential for other blockchain enterprises and even promising initial coin offerings (ICOs).

For now, the fund being led by Ehrsam is planning to invest in early stage cryptocurrency-based projects, novel blockchain designs and digital asset exchanges. Given the timing of the report, which comes just days after Coinbase was valuated at a colossal $8 billion–which would make the company one of the most valuable U.S. startups–the landscape of cryptocurrency exchanges appears to be immensely profitable and largely untapped. Earlier in the year, BitMEX co-founder Ben Delo became the youngest self-made billionaire in the history of the United Kingdom. Changpeng Zhao, the active CEO of cryptocurrency exchange Binance, announced that his company was on pace to eclipse $1 billion in profits by the end of 2018, despite it being an abysmal year for the valuation of the crypto markets.

Bloomberg points out that Yale’s $30 billion endowment, managed by David Swensen, is one of the few institutional investors to move into cryptocurrency this year, as the entire market finds itself in a bear cycle that has seen value plummet from the last all time high. Despite the opportunity and overnight fortunes that have characterized much of the last several years for cryptocurrency, institutional investors, on a whole, have been reluctant to put capital in to the markets to the degree that most current investors are anticipating.

The common refrain of “institutional money” is coming will not only signal legitimate interest in both the market and technology of cryptocurrency, but provide a much needed boost to alleviate the ongoing price bleed. Previous analysts, including the Bloomberg article on Yale, have cited a lack of regulation and the potential for widespread market manipulation as the primary deterrent for investing in cryptocurrency. However, with an investor as large and prestigious as Yale, commanding $30 billion in endowment, crypto-based funds might garner more interest even in the absence of a Bitcoin exchange traded fund being approved by the SEC.

Article written by Michael Laverne

Article originally posted on Ethereumworldnews.com

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From Crimefighter to ‘Crypto’: Meet the Woman in Charge of Venture Capital’s Biggest Gamble

From Crimefighter to 'Crypto': Meet the Woman in Charge of Venture Capital’s Biggest Gamble

Kathryn Haun was the Justice Department's go-to prosecutor for Bitcoin-related felonies. Now she's one of cryptocurrency's most important investors. Here's why her career change is a watershed moment.

Debate

“Let’s settle this!” an announcer rumbles over loudspeakers.

The “this” in question is one of the more important business disputes of the moment: Are alternative currencies like Bitcoin the future of financial services or a 21st-century Ponzi scheme? To get resolution, a Mexican data center company called KIO Networks is hosting a debate in a smoke-filled arena in the graffiti-coated Hipódromo Condesa neighborhood of Mexico City. The atmosphere screams lucha libre, the stylized form of Mexican wrestling that features acrobatic moves and dramatic masks.

On this late-September evening, the main event features two intellectual heavyweights from the United States, both highly credentialed, neither wearing disguises. In one corner is Paul Krugman, the New York Times columnist and Nobel laureate in economics. In the other is Kathryn Haun, an accomplished federal prosecutor recently turned venture capitalist.

Krugman’s position is predictable. He sees the rise of cryptocurrency networks—decentralized digital services that run on computerized money like Bitcoin—as an unnecessary throwback to a distant era, when precious metals made up the money supply. “I don’t believe we’re at the dawn of a new age,” he says. He delivers a smackdown on an investment craze that the likes of Jamie Dimon and Warren Buffett have repeatedly pooh-poohed: “I think 15 years from now, it will look a lot like Pets.com.”

Haun sees things differently. To her, virtual currencies and the technologies that underpin them are society’s saviors: a last great hope at reclaiming power gobbled up by greedy banks and Internet monopolists. “Facebook, Amazon, Netflix, Google, they control all the rules,” she says. “They have all the users. They have all the power.” The new technology, Haun argues, allows eager, entrepreneurial developers to compete. She throws her weight behind the democratizing dream of the new technology’s acolytes.

Photo by Christie Hemm Klok for Fortune

Cryptocurrency is “in the dial-up days,” says Haun, “and the critics are confusing the current state of innovation with the end state of innovation.”

Haun largely wins over the crowd, a collection of the megalopolis’s tech elite. And they like her visuals too. At the outset of her talk, five giant screens project the mug shots of corrupt U.S. law-enforcement officials she convicted in her previous career. But the audience isn’t enamored of Haun merely because she once was the sheriff in the Wild West of “crypto.” She excites them because now she’s joined their side. As one of the newest partners of the estimable Silicon Valley venture capital firm Andreessen Horowitz, Haun’s job is to find the next big thing in cryptocurrencies—and to help their founders succeed while staying on the right side of the law.

Haun is making her career shift at a precarious time. Cryptocurrency markets have been in free fall all year. A global speculative mania for virtual coins that sent valuations above $800 billion in January has dwindled to $200 billion. Bitcoin has lost two-thirds of its value, and Ethereum, the second-biggest cryptocurrency, is down 90%.

Haun and her new partners are undaunted. Investment crazes often spawn bubbles. But what’s left after they pop, if the true believers are right, are new industries. Firm cofounder Marc Andreessen, after all, parlayed his work developing the first commercial browser into Netscape, the flawed startup that helped beget the World Wide Web—and many billions of dollars in investment returns for the Internet industry. Haun also is unfazed by her lack of professional investing experience. “For entrepreneurs to want to work with you, they need to think you have some strategic vision, some hustle, and an ability to get the job done,” she says. These are the same skills, she posits, that a prosecutor needs to persuade FBI agents and others to work with them.

Bridging worlds, then, is one of Haun’s chief attributes. “She has this rare blend of having been in government and having a business-centric mind,” says David Marcus, a senior Facebook executive who sat on a corporate board with Haun. Adds Anthony Kennedy, the newly retired associate justice of the U.S. Supreme Court, for whom Haun clerked: “I’m quite reassured that someone with her talents and background would go into this new area.” Her involvement “is a tremendously important link between the law and the cyber age. And she recognizes that.”

A version of this article appears in the Oct. 1, 2018 issue of Fortune with the headline “Jumping The Fence.”

This is just an excerpt; the complete article can be read on Fortune.com

ARTICLE written by Robert Hackett 

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Ripple Leads Coallition To Hire Lobby Firm To Promote Friendly Crypto Policies

Ripple Leads Coallition To Hire Lobby Firm To Promote Friendly Crypto Policies

A significant group of fintechs and businesses related to the industry of cryptocurrencies and blockchain technologies have decided to start a campaign to promote a legal space that is favorable for the development of the crypto-ecosystem.

According to Bloomberg these companies don’t not go by the wayside, and instead of the traditional awareness and promotion campaigns, the group has decided to hire the services of a major law firm to take the fight directly to the legal field.

The group of companies calls itself the “Securing America’s Internet of Value Coalition” and is currently formed by Ripple Labs, the independent foundation Ripple Works, Coil – a fintech that seeks to facilitate payments in the entertainment and digital content industry, Hard Yaka – a firm with large sums of money invested in digital assets – and PolySign – a startup that seeks to provide crypto custody services.

Chris Larsen, executive chairman of Ripple, said in recent months there has been a growing interest on the part of regulatory bodies and lobbies in general towards the issue of cryptocurrencies and blockchain technologies:

“We understand this is really complicated, and there is a lot of misinformation out there … The good news is there is a lot of interest in this topic in D.C.” – Chris Larson

Ripple and Klein/Johnson Group: Bringing Together Laws and Cryptocurrencies

It is also important to note that the coalition has hired the services of Klein/Johnson Group, a “bipartisan lobbying and public policy firm” that in recent years has been working to provide advice on financial and technological services.

Ripple is until now the visible head of the group. The success of its payment solutions has made its XRP token the third most important cryptocurrency in the global market cap.

Ripple’s presence is especially crucial as the Coalition is investing a large amount of money in its mission. According to the report, Klein/Johnson will receive a monthly sum of 25,000 USD plus 10,000 XRP, which will be declared as cash at the time of disclosing the payments received.

In this regard, Chris Larsen, explains that this seeks to generate greater interest on the part of the firm, bringing them a little closer to the ecosystem:

“It gives them some upside and gives them some risk … Hopefully, it gives them a taste of the industry in a way that hits home.” – Chris larson

The coalition has good expectations, especially now that the changes of commissioners within the SEC have helped the organization have a more positive view on the issue of cryptocurrencies, especially regarding the so expected Bitcoin ETFs.

ARTICLE Written by Jose Antonio Lanz and posted on Ethereum World News' website

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Cleveland’s blockchain conference Solutions to take place in December

Cleveland's blockchain conference, Solutions, to take place in December

CLEVELAND, Ohio — Cleveland will host its first blockchain conference, Solutions, Dec. 1-4.

That gives blockchain proponents in Cleveland just over 4 months to find funding, arrange workshops, book keynote speakers and design a program that will attract thousands of coders, public officials and business leaders to the Huntington Convention Center.

Solutions has the full weight of Cleveland car mogul's Bernie Moreno's "Blockland" group behind it, including David Gilbert, CEO of Destination Cleveland.

Moreno hopes to make Cleveland an epicenter for blockchain, an online ledger system best known for hosting Bitcoin and other online currencies. The new, hyped technology can be used many ways, from hosting government records to keeping track of patient records.

Gilbert headed the host committee that brought the Republican National Convention to Cleveland. He's been board with the plan to transform Cleveland to blockchain central since the beginning, flying with seven other Cleveland leaders to visit Toronto's Blockchain Research Institution in June.

Gilbert announced the dates for the conference in a Monday morning meeting, hosted at cleveland.com's offices on Superior Avenue. More than 80 people attended.

Along with Steve Santamaria, a technology entrepreneur who recently moved to Cleveland from Seattle, Gilbert laid out an ambitious timeline for the conference.

By Aug. 6, Santamaria and Gilbert hope to have keynotes confirmed. By Aug. 15, they want to send out save the dates.

Though these dates aren't set in stone, there's very little time to waver.

"We're trying to pull off in about 120 days what most people who put these on start 12 to 18 months out. … 12 months is a tight timeline," Gilbert said. "We can't do it on our own."

Article written by Emily Bamforth, for Cleveland.com

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The Tipping Point

Have you ever heard of the phrase “the tipping point”?  If you’re working from home, marketing on the Internet, or a member of a network marketing company that phrase, or concept, may be something you already know about. If not, let me explain. 
 
A tipping point is the magic moment when an idea, a trend, or a social behavior crosses a threshold, tips, and spreads like wildfire.

The Tipping Point is also a book by Malcolm Gladwell. (If you haven’t read it, I suggest you do.) Gladwell writes about epidemics and how they get started. Typically, when we think about an epidemic, we don’t usually think about it outside the context of health issues. However, Gladwell uses the example of Hush Puppies (no, not those tasty round things you usually get with a fish fry) to explain how an epidemic can get started. 

He goes on to explain that Wolverine, the company that manufactures the Hush Puppy shoes, was struggling with sales, when a fashion designer, looking to be different (thinking outside the box), saw the shoes some young kids were wearing, and thought they would be a good fit for his models to wear during a fashion shoot.

Little did he know that the shoes would be a bigger hit than his clothes. As it turned out, Hush Puppy sales exploded to epidemic proportions. Who knew that the shoes a couple of young kids were wearing would turn a company, like Wolverine, around.

That fashion designer was looking to be different, if only to sell his clothes. In his mind, he probably thought the shoes would never get noticed. However, it had the reverse effect. People noticed! They liked what they saw, and the rest, as they say, is history.

So how can we relate the story of Hush Puppies to a home business? Well, we might start by asking some additional questions, like are you getting the word out? Are you doing business differently to stand out from everyone else? Are you reaching outside the box, or are you following the ways of the so-called “guru”? Do people take notice of what you’re doing?

I understand that getting the word out is one of the first steps on your path to success. If nobody knows you’re in business, how can you make any money, right? I get that! But many people go about it the wrong way, or listen to the wrong people, and they jump from system to system, or program to program trying find something that will produce a cash flow. However, they usually wind up spending more than they make. Take it from me, I’ve been there and done that!

If you could change your way of doing business, and start using a system that integrates a plethora of inbound marketing tools, would you? If you answered yes, thinking outside the box is a great place to start. It will also get people to take notice, just like in the Hush Puppy story.

The system I’m referring to is called MarketHive. MarketHive has state-of-the-art tools like a blogging platform, email auto-responders, lead capture pages, SEO platform, social media broadcasting, lead management platform, and much more. And, IT’S FREE!!

MarketHive is new to the world of Internet marketing, and in my humble opinion, is on the verge of a tipping point. Remember, the magic moment when an idea, a trend, or a social behavior crosses a threshold, tips, and spreads like wildfire. That’s why I mention thinking outside the box. Being a part of an epidemic does not come along too often; but with the help of the MarketHive Alpha Founder’s, I’m confident this is going to be one!

We never know how far our word, or idea, will spread, but we have to start by getting the word out. We all know one thing for sure, if we don’t start, nobody will ever see, or hear about, what we’re doing.

So let’s get started by thinking outside the box! Let’s all become a part of this Internet epidemic!

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