Coin Desk/ ZapChain Interview with Jered Kenna
Jered Kenna is someone who got into Bitcoin early and not only did he get into Bitcoin, but his company according to the interview says his company Trade Hill owned the mother of all domain names, Bitcoin.com. The confusing part in the video he uses the words we owned Bitcoin.com, but had an agreement with the owner that if the exchange closed down he would get the domain back. So it may be fair to say they were leasing the domain but he used the word owned.
He started a rival exchange Trade Hill that was the only other exchange out there to take on Mt.Gox. The exchange failed two separate times due to money transmission issues . The interview is worth listening too if you are interested in Bitcoin.
The domain name is mentioned at the 5 minute mark.
https://www.youtube.com/watch?v=694u4qFZtGA#t=604
Read the article on Coin Desk
Cool article Raymond we own the future (hopefully) international currency code for bitcoin. Thanks for posting this.
Good writeup. To provide a little bit of clarity the domain was bought with equity (technically convertible note) from Tradehill. If the company went under the domain being an asset would revert to the creditor unless a qualifying round had occurred prior. The seller wanted a clause that if the exchange ceased to operate for a period of time the domain would revert. It makes sense, I wouldn’t want someone running a zombie company just to hold on to the domain.
So I’d say we did buy it but it was held as collateral for a loan from the same investor. When we went under (due to Dwolla not money transmission in TH 1.0) the investor claimed that collateral. I’ve got no issues with the investor but I do wish it had worked out. Gave it my best though.
Hope that clears it up and doesn’t further confuse.
Regards,
Jered
Thanks a lot for stopping by Jered and explaining that. Best of luck with your present ventures.