From his ‘Silicon Prairie’ in Des Moines, Iowa, the former Political Director for the Ron Paul 2008 Presidential Campaign, Craig Bergman now runs a company called Vortex Blockchain Technologies Inc. (Vortex) as President and CEO. In a phone interview, Bergman discusses how he is quietly mining bitcoin and other cryptocurrencies for now, while he catches up on filings with the SEC.
An SEC filing explains “Vortex Blockchain Technologies, Inc (“Vortex” or the “Company”) was incorporated on February 14, 2013 in the State of Nevada as UA Granite Corporation, and a reverse merger with Vortex Network, LLC was completed on October 17, 2018.” Currently listed as VXBT, there are 75,500,000 shares outstanding – all of which are still privately held.
The latest SEC 10-Q Report for the quarter ending September 2019 states, “…the Company is engaged in software and hardware development, bitcoin mining, fintech, cyber security, and A.I., has been issued a going concern opinion, and relies primarily upon the sale of our securities and loans from its CEO and directors to fund operations.” Bergman stated his expectation that his company’s securities will start trading publicly in August.
Almost as interesting as the transactions executed in rolling out his blockchain firm to the public is Bergman himself. From his days working on the College Republicans for Jack Kemp, he quickly found himself between both Austrian economic theorists and gold standard champions. Bergman also has a charitable organization called ‘Patriots for Christ’ that teaches Americans to uphold their civic duty based on religious scripture. Finally, with his work as a movie producer of the documentary ‘Unfair: Exposing The IRS’, Bergman keeps himself busy.
For his leadership of Vortex Blockchain Solutions, Inc., his energy is high and diversity of interests in the crypto and blockchain space is similar to his other endeavors. While admitting he had originally dismissed Bitcoin as ‘Magic Internet Money’, he now considers Bitcoin and its pseudonymous creator Satoshi Nakamoto as good at economics, but bad at math. “I would make halvening every year and start with a bigger pool. Satoshi was good at economics and bad at math. Bitcoin cannot make it another 100 years as it is not big enough to capture the 100 Trillion dollar world economy,” says Bergman.
As Bergman laments that in his second experience with Bitcoin, he cashed out early enough to put in new marble countertops in his kitchen, but did not ‘HODL’ or hold on for dear life. Many in the crypto community describe their intent with not selling Bitcoin no matter what happens, based on their long-term beliefs in the technology. However, according to Bergman, Bitcoin has a limited time before the currency no longer is able to manage the capacity of the world economy that he believes a new ‘Future coin’ will be able to do. “Cardano is close, but it’s like watching Shawshank…