Quote from: dacoinminster on March 18, 2013, 07:22:34 PM

Oh man, I missed you guys. Tradehill was always my preferred exchange, and my trust for Jered went WAY up when they closed down and refunded ALL the money. No way Mtgox could do that, IMHO.

Welcome back!

Are you guys going to be at the bitcoin conference in May?

Thanks, I enjoyed our conversations in the early days before the real world got interested in Bitcoin. Glad to be back as well.\
We plan on being there in May.

Quote from: bozak on March 18, 2013, 07:28:24 PM

What is your definintion of an "accredited investor"? I am familiar with the SEC's definition, but it seems really restrictive for the bitcoin crowd, SEC definition copied below:

1. a bank, insurance company, registered investment company, business development company, or small business investment company;

2. an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;

3. a charitable organization, corporation, or partnership with assets exceeding $5 million;

4. a director, executive officer, or general partner of the company selling the securities;

5. a business in which all the equity owners are accredited investors;

6. a natural person who has individual net worth, or joint net worth with the persons spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person;

7. a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or

8. a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.

We're going with the SEC's definition.
The short answer is "the lawyers told us to".

Quote from: NegativeNancy on March 18, 2013, 07:43:09 PM

Welcome back Jered! Dealing with your exchange was always pleasant.

Can you elaborate a little on what your goals are with Prime? B2B is a little vague, as many small businesses have less BTC traffic than a hobbyist daytrader.

Prime isn't really aimed at the small volume traders, the goal is to provide the best experience possible for the biggest users of Bitcoin.
We're going to release other products that everyone can use soon. This is our starting point.

For small business use I'm a huge fan of Bitpay and use them myself. That's not something we plan on competing with, they do a great job.

Jered