WATCH: Bitcoin CrowdFunding : Digital-Currency Revolution [Infographic]

CrowdFundBeat News Wire, Similar to how Kickstarter revolutionized crowdsourcing projects through e-payments, Lighthouse hopes to move that into the undertapped Bitcoin sphere of influence starting yesterday (Jan. 21), when the site went public on Mac, Linux, and Windows. Conceived by creator Mike Hearn, with a huge investment from noted Bitcoin entrepreneur Oliver Janssens, Lighthouse hopes to create a “specialized wallet” for decentralized crowdfunding using the blockchain that has made Bitcoin so attractive.   Like Kickstarter, Lighthouse allows people to donate to causes they believe in by pledging a certain dollar (or bitcoin) figure to the project. This amount is released to the project’s organizers once the specific target has been reached using a transparent system of reporting. Unlike Kickstarter, however, donors can cancel their smart contracts at any point up until the funding target or deadline, giving donors more control and discretion over what their bitcoins are going toward.   bitcoins In addition, Lighthouse doesn’t charge processing fees for donations, which is the main revenue stream for Kickstarter. According to Hearn, Lighthouse is meant to “move money around” the way bitcoins are, rather than the “peer-to-peer” interactions of Kickstarter. With decentralized project “galleries” being planned for participants looking to use the system, the digital wallets (which are required for users to set up) will allow users to move funds with relative ease, and retract them as quickly. Related: Silicon Valley Rise of alternative finance conference March 5th 2015  WATCH: For all bitcoin’s growing pains, it represents the future of money and global finance. The maturation of Lighthouse as a mainstream crowdfunding site will take time, Hearn admits. Bitcoin is still a highly niche market that has taken a beating from the recent price volatility. Lighthouse’s overarching goal is to “build a case” for Bitcoin that will attract more people to the cryptocurrency and the potential it can bring to startups looking for an easy way to crowdsource their projects. As crowdfunding becomes increasingly digitized, Hearn believes that Lighthouse’s ease of use and low costs to entry, as well as rules regarding the feasibility of listed projects will enable Lighthouse to serve as the gateway for the less tech-savvy to explore Bitcoin as a feasible currency, despite the volatility. There is still a loyal base of support for the cryptocurrency, and having a decentralized way of fundraising using bitcoins that is safe and dependable could grow the currency’s base, if Hearn’s Lighthouse shines the way. Stetson University Online Master of Accountancy Program

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How Crowdfunding Has Changed the Startup GameSingularity HubCrowdfunding has become a multi-billion-dollar industry, funneling millions of dollars into thousands of projects. Technology in particular is one of the leading categories on popular fundraising platforms like Kickstarter an [...]

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CNNMoneyDorothy's fading red slippers saved by $300000 in crowdfundingCNNMoneyThe ruby red slippers worn by Judy Garland in the beloved 1939 film "The Wizard of Oz" are set to undergo a major conservation effort following a successful crowdfunding campaign. The Smithson [...]

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Crowdfund InsiderReport: Title II Crowdfunding Data on Three Year Anniversary Tops $1.47 BillionCrowdfund InsiderFifty Dollars Money Grant Crowdnetic has published its annual Crowdwatch report on Title II investment crowdfunding as enacted under the JOBS Act of 2012. Title II, or Reg [...]

How The Fix Crowdfunding Act Continues To Help Improve The Success Rates Of Small BusinessesCBS LocalIn July of this year, Republican Patrick McHenry from North Carolina spearheaded two important bills. Both passed through the House in a landslide vote as part of The Fix Crowdfunding [...]

BloombergCouples Desperate For Children Turn to Crowdfunding FertilityBloombergCrowdfunding has become a popular mechanism for many couples who can't afford the high costs of IVF, or adoption and surrogacy. “It's not an easy thing to share publicly,” says Crystal Barrett, 33 [...]

City turns to crowd funding to help replace boardwalk over Flint RiverMLive.comFLUSHING, MI -- The city of Flushing has opened a crowdfunding campaign to replace a wooden boardwalk over the Flint River. The goal is to raise $50,000 in 60 days on Patronicity, a crowdfunding website, to [...]

AZCentral.comTiny companies lure investors under Arizona crowdfunding lawAZCentral.comInvestors who make bets under the state's one-year-old crowdfunding law certainly have the potential to get in on the ground floor, but they must be patient and might not receive any returns. Th [...]

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