07 Sep '13, 1am

#Bitcoin entrepreneur @ErikVoorhees doubles down in Panama City via @upstartbusiness

The UpTake: What happens when you score a big exit on a little-known, esoteric, encrypted currency? If you're Erik Voorhees, you double down in the industry and work to bring it to the masses in under-developed nations. E rik Voorhees , the man who founded Bitcoin casino SatoshiDice for 45 Bitcoin and sold it a year later for $11.5 million worth of the currency is doubling down on the industry. Although Voorhees—who international gaming lawyer Stuart Hoegner called the smartest man in Bitcoin— isn’t publicizing how much of the 126,315 Bitcoins he personally earned, he is investing them in startups tied to the virtual currency rather than cashing in the coins. “ I'm saving them as capital for other entrepreneurial projects, of which there will be many as Bitcoin grows around the world,” Voorhees told Upstart Business Journal in an email. “And the last thing I would do with ...

Full article: http://upstart.bizjournals.com/money/loot/2013/09/04/erik...

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