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Microsoft buys Intentional Software; Simonyi to rejoin Microsoft

Microsoft is acquiring Intentional Software, a Bellevue, Wash.-based productivity-app vendor whose well-known founder is a programming expert and former Microsoft manager.

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Microsoft buys Intentional Software; Simonyi to rejoin Microsoft

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Saga is the thinking person’s cryptocurrency

As we enter the third age of crypto – the first being Satoshi’s White Paper phase and the second being the exchange phase – we find ourselves in a maze of twisty tokens, all different. Enter Saga . Created by Israeli VC Ido Sadeh Man and investor Moshe Hogeg, Saga a token connected to a cash reserve and can initially only be owned by accredited and identified investors, creating a sort of hybrid non-anonymous cryptocurrency that should appeal to the risk-averse. The team sees three kinds of cryptocurrencies in the future. “Hyper-volatile currencies, which lack a monetary policy, are usually anonymous,” said Hogeg. “Stablecoins are pegged to other assets thus preventing their organic growth and major players in this space are opaque concerning their funds. Saga’s economy model is designed to allow growth. Participants are obliged to undergo a Know Your Customer process, assuring Saga’s economy is compatible with traditional financial institutions.” In other words, buying Saga is like buying into a “stable currency,” a goal that has thus far been elusive in the cryptocurrency industry. “Creating a currency is about striking a delicate balance between prospect and stability. Saga aims to provide a moderate, sensible middle way,” the team wrote.

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