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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Jamaica GleanerPointers to Publishing | Consider crowdfunding to finance your bookJamaica GleanerYou have great ideas but do not have the funds, or you do not want to take the risk of taking a loan or asking for financial support from family. Crowdfunding might be your best bet, and t [...]

The VergeDonald Trump's terrible crowdfunding site was a microcosm of his political careerThe VergeAnd from the beginning, the site had Trump's populist edge. Zanker boasted that “the reign of Kickstarter's Brooklyn hipsters is over,” referring to Kickstarter's New [...]

FortuneCrowdfunding: Women Better at Raising Money Than Men Are ...FortuneA new study has found that women are generally better than men at crowdfunding.Women are better at crowdfunding than men, shows study | The ...The Independentall 3 news articles » [...]

Social media, crowdfunding skirmishes encapsulate Endy debateThe Herald JournalAfter that, a campaign with the same goals and the same organizer appeared on a separate crowdfunding site, FundRazr.com. This campaign also drew negative attention on social media, and after a few hours th [...]

ForbesWhy Crowdfunding Is Still Booming, Especially For Chinese Tech CompaniesForbesBased on recent media reports, it looks like crowdfunding is now in the "disillusionment" phase of the famous Gartner hype cycle, after peaking a few years back. I will argue that crowdfundin [...]

Wired.co.ukAfter budget cuts, museums are crowdfunding to preserve historyWired.co.ukIn 2015, the Smithsonian National Air and Space Museum in Washington, D.C. launched its very first crowdfunding campaign to 'Reboot the Suit'. The idea was to raise much-need funds to conser [...]

Business Daily (press release) (blog)How Women Trounce Men When Raising Seed Crowdfunding CapitalForbesMale entrepreneurs may account for the majority of business owners raising finance on crowdfunding platforms in the UK, but their female counterparts are far more likely to get the s [...]

Yahoo SportsCan crowdfunding save women's college hockey? - Yahoo SportsYahoo SportsNorth Dakota cut its women's hockey program in March, in one of the saddest and most stunning decisions to rock the sport at the collegiate level. “When you ...and more » [...]

road.ccCanadian cyclist charged with fraud after crowdfunding fake booby trap injuriesroad.ccA cyclist who pretended to have been injured by a barbed wire booby trap and asked for cash on a crowdfunding website has been charged with fraud and public mischief. Stelianos Psaroudakis, 37 [...]

ReutersStudy says women are better at crowdfunding - ReutersReutersWomen around the world are less likely than men to tap the crowd online for money to fund their businesses and projects, but when they do they are likely to.and more » [...]

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