Some assorted news before the long holiday weekend…The Verge managed to land an excellent interview with Xapo founder and CEO, Wences Casares. I recommend reading it in its entirety for some additional color on how the company thinks about security, bitcoin adoption and the currency’s commercial utility today. On the last point, Wences doles out an absolute gem of a quote:“Even though there are some-big name merchants that accept it, show me anyone that is doing more than 1 percent of their transactions in BTC. It’s irrelevant, it’s just a press release. That’s not where the BTC action is happening. It’s a sideshow to distract the idiots. If you’re in the industry and you know what’s going on, it has nothing to do with that."I almost choked on my lunch when I read "sideshow to distract idiots.” Not only because it’s colorful and blunt and refreshing, but because it’s true. Bitcoin has these funny ponzi-like properties, where you really need hoarding and mass speculative adoption to persist for years before the monetary base is large enough to support a transactional currency. (If “ponzi-like” sounds like a rough term…well, it is. But I subscribe to the “ bubble theory of money ” and still haven’t found a good concise way of explaining the equity-currency-commodity ven diagram in which bitcoin sits in the middle. Try to enlighten me.)I really like a few of the companies in the latest Boost VC crop. Not sure that any of these three are anywhere near escape velocity or even viability, but I like them because they’ve been products that I myself have wanted to use. ZapChain - The founder Matt Schlicht is a two-time 30 under 30 winner, and co-founder ofFollow the Coin. He’s now curating great content from bitcoin subject matter experts and executives through his new platform which is kind of like a Quora for bitcoin. If he can build a strong community, it would be a one stop shop for journos and new crypto-enthusiasts to ask questions from experts - without having to filter through the doldrums of r/bitcoin, which (believe it or not) is still the source of choice for many media outlets today. Sign-up if you you’re an influencer with something valuable to say or a journo looking for sources. HoneyBadgr - The founding team is comprised of ex-Google recruiters. Unlike job board sites like Coinality, these guys want to provide more professional talent acquisition services to early stage and venture-backed Bitcoin startups. So they’re doing what I said I’d start doing last week, but probably much better. If you’re looking for intros / jobs, you should still feel free to ping me, but I might hand you off to HoneyBadgr if I can’t help. Visit the site and let the pros handle your job search. (You’ll notice Honeybadgr has a new section on the Daily Bit. They haven’t paid me for it. I just think that their services could be valuable.) Hedgy - I might be biased both for and against these guys, but I’m excited to see what they accomplish. The company wants to hedge out bitcoin price volatility for merchants by offloading the risk onto speculative investors interested in non-deliverable forward contracts. That’s finance jargon / wizardry that would essentially allow bitcoin to function as a stable, dollar-like currency for merchants, and a roller-coaster for levered traders who make money on volatility anyway. If this sounds familiar, that’s because it’s the same underlying idea behind my “company” Inscrypto that I considered but never actually started - mostly because I didn’t think the merchant/depositor demand was there and believed the necessary infrastructure wouldn’t exist for another 18 months. I’d love to be proven wrong.Happy Labor Day!Have a position you’re dying to fill? You can pay to post it here, in the Bit’s new jobs section.Prefer to pay expert recruiters rather than your favorite two-bit idiot? Check out HoneyBadgr , which introduces top talent to early stage and venture-backed Bitcoin startups. They are a team of ex-Googlers residing at Boost VC in Silicon Valley, with a mission to help grow the Bitcoin ecosystem on a global scale.