This Ruby gem is the official client reference for accessing the Block.io API from an application in Ruby. Block.io API offers a secure wallet and payment service for transacting the three most common cryptocurrencies (Bitcoin, Doge, & LiteCoin). The Block.io API can be used to return balances, conduct withdrawals and account maintenance, and return user IDs & addresses associated with a specific account.
What happens when Joe Investor ("sophisticated" or otherwise) backs too many ventures that go bust that take him down with them? Now that crowdfunding is legal thanks to the JOBS Act passed in 2012, scenarios like this and worse have the potential of becoming much more frequent. But just because it's legal doesn't mean it's free of regulation. In fact, the regulations that are still being hammered out promise to be fierce. How will a crowd sourcing investment site, or an enterprise looking for financing on one of those sites, keep track of it all? Actually, that may not even be possible--unless the funding portal uses a service like the Crowdbouncer API.