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What you are going to LEARN in this episode:\n\nHow blockchains are breaking the old model of centralized, big-business. \nHow the Free Market and the sharing economy build around government\u2019s heavy taxation.\nWhy the blockchain allows us to trust each other without needing to know each other.\nHow digital token sales are much easier and cheaper to raise funds for your startup \n\nToday\u2019s guest is Christopher David, Founder of the decentralized ride-sharing app Arcade City. While living in New Hampshire at the Free State Project, Chris saw first hand what the government was doing to cripple Uber and the ride-sharing economy. At the time, he was driving for Uber. \n\nAfter attending countless town hall meetings, Chris decided to take matters into his own hands and build an Uber competitor which was decentralized and much more difficult to shut down and regulate. He felt that he had much more control when building rather than when begging the government to hear his side of the story.\nCrowdfunding and the Digital Token Sale\n\nIn order to build their app and continue development, Arcade City needs funding. Rather than going the standard route of Angel investment or VC funding, Chris decided to issue a digital token (similar to Bitcoin) instead of selling shares of the company. These tokens have various uses and we are seeing these \u201cICOs\u201d (initial coin offerings) starting to be used more frequently (Ethereum, Augur, Airbitz, etc). \n\nThe ability to create a scarce, digital asset to manage and sell directly to the people who will fund your business is a great tool for digital entrepreneurs and their startups. Unfortunately, I expect the heavy hand of the SEC to come down on these ICO\u2019s in short order. \n\nSo that\u2019s it! As many expected, blockchains are being used in so many different areas of life, even after only 8 years in existence. The full capability of this new, cutting-edge technology will only continue to grow as does the usefulness and utility of the Internet. \n\nWelcome to the age of digital, programmable money! \n\nContact Info:\nWebsite: https://arcade.city/\nTwitter: https://twitter.com/ArcadeCityHall\nEmail: chris@arcade.city \nSlack Channel: slack.arcade.city \n\nPodcast Resources:\n\nBook mention: Swarmwise - https://www.amazon.com/Swarmwise-Tactical-Manual-Changing-World/dp/1463533152/ref=sr_1_1?ie=UTF8&qid=1478236019&sr=8-1&keywords=Swarmwise\n\nReferenced Podcast: LE54: How the Free Market Feeds the Hungry \u2013 Unsung.org\nhttp://libertyentrepreneurs.com/2016/10/le54-free-market-feeds-hungry-unsung-org/