BTCS (BTCS) 10-Q 19 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 18, 2014
Document And Entity Information	'	'
Entity Registrant Name	'BITCOIN SHOP INC.	'
Entity Central Index Key	'0001436229	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	140,437,235
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
CURRENT ASSETS	'	'
Cash	$111,611	$9,052
Digital currencies	209,418	22,959
Prepaid expense	88,699	'
Note Receivable	150,000	'
Other assets	1,685	'
Total current assets	561,413	32,011
OTHER ASSETS	'	'
Property, plant and equipment,net	199,704	3,556
Website	12,523	'
Long-term investments	200,000	'
Deposits	4,815	'
Total other assets	417,042	3,556
TOTAL ASSETS	978,455	35,567
Liabilities and Shareholders' Equity	'	'
Accounts payable and accrued expense	131,610	6,603
Customer deposits	'	4,263
Total current liabilities	131,610	10,866
STOCKHOLDERS' EQUITY:	'	'
Common stock, 975,000,000 shares authorized at $0.001 par value, 153,186,804 and 100,773,923 shares issued and outstanding, respectively	153,187	100,774
Additional paid in capital	7,283,195	-93,198
(Accumulated Deficit) / Retained earnings	-6,591,737	17,125
Total shareholders' equity	846,845	24,701
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	978,455	35,567
Series C Preferred Stock [Member]	'	'
STOCKHOLDERS' EQUITY:	'	'
Preferred stock; 20,000,000 shares authorized at $0.001 par value	$2,200	'

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)	Sep. 30, 2014	Dec. 31, 2013
Preferred stock; shares authorized	20,000,000	'
Common stock; shares authorized	975,000,000	975,000,000
Common stock; shares issued	145,669,504	100,773,923
Common stock; shares outstanding	145,669,504	100,773,923
Series B Preferred Stock [Member]	'	'
Preferred stock; shares issued	58,673	'
Preferred stock; shares outstanding	0	'
Series C Preferred Stock [Member]	'	'
Preferred stock; shares issued	3,750,000	'
Preferred stock; shares outstanding	0	'

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Income Statement [Abstract]	'	'
REVENUES	$1,520	$17,806
Marketing	26,241	89,697
General and Administrative	2,458,086	6,631,488
Change in fair value of digital currencies	108,400	112,149
Total operating expenses	2,592,727	6,833,334
Loss from operations	-2,591,207	-6,815,528
Interest income	1,709	1,709
Fair value adjustments for warrant liabilities	'	204,957
Total other income	1,709	206,666
Net loss	($2,589,498)	($6,608,862)
Net loss per share, basic and diluted	($0.02)	($0.05)
Weighted average number of shares outstanding, Basic and diluted	151,649,201	133,662,723

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2014
Beginning Balance	$24,701
Stock based compensation	5,814,963
Exchange warrants for common stock	100
Net loss	-6,608,862
Ending Balance, Amount	846,845
Series B Convertible Preferred Stock	'
Net assets outstanding at time the reverse merger was completed, Shares	400,000
Net assets outstanding at time the reverse merger was completed, Amount	400
Conversion of Series B Convertible Preferred to common stock, Shares	-341,327
Conversion of Series B Convertible Preferred to common stock, Amount	-341
Series C Convertible Preferred Stock	'
Issuance of Series C - 3,750,000 Private Placement Units, Shares	3,750,000
Issuance of Series C - 3,750,000 Private Placement Units, Amount	3,750
Common Stock	'
Net assets outstanding at time the reverse merger was completed, Shares	10,762,881
Net assets outstanding at time the reverse merger was completed, Amount	10,763
Common stock issued for cash, Shares	51,758,563
Common stock issued for cash, Amount	51,759
Issuance of Series C - 3,750,000 Private Placement Units, Amount	'
Issuance cost - Series C	'
Warrant liability - 1,875,000 warrants issued in connection with Private Placement Units	'
Stock based compensation	'
Conversion of Series B Convertible Preferred to common stock, Shares	34,132,700
Conversion of Series B Convertible Preferred to common stock, Amount	34,132
Net loss	'
Additional Paid-In Capital	'
Net assets outstanding at time the reverse merger was completed, Amount	-11,163
Common stock issued for cash, Amount	-43,759
Issuance of Series C - 3,750,000 Private Placement Units, Amount	1,871,250
Issuance cost - Series C	62,000
Warrant liability - 1,875,000 warrants issued in connection with Private Placement Units	-227,239
Stock based compensation	3,567,163
Reclassification of derivative liability warrant	22,282
Conversion of Series B Convertible Preferred to common stock, Amount	-33,791
Net loss	'
Retained Earnings / Accumulated Deficit	'
Net assets outstanding at time the reverse merger was completed, Amount	'
Common stock issued for cash, Amount	'
Issuance of Series C - 3,750,000 Private Placement Units, Amount	'
Issuance cost - Series C	'
Warrant liability - 1,875,000 warrants issued in connection with Private Placement Units	'
Stock based compensation	'
Conversion of Series B Convertible Preferred to common stock, Amount	'
Net loss	($4,019,364)

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical)	9 Months Ended
	Sep. 30, 2014
Private placement units issued	3,750,000
Common Stock Warrant [Member]	'
Private placement units issued	1,875,000

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2014
Net Cash flows used from operating activities:	'
Net loss	($6,608,862)
Adjustments to reconcile net income to net cash provided by operating activities:	'
Depreciation and amortization expenses	5,913
Stock based compensation	5,814,963
Change in fair value of digital currencies	112,149
Interest income on investment	-1,685
Fair value adjustments for warrant liabilities	-204,957
Changes in operating assets and liabilities	'
Digital currencies	-298,608
Prepaid expense	-88,699
Accounts payable	125,007
Customer deposits	-4,263
Net cash used in operating activities	-1,149,042
Net cash used in investing activities:	'
Purchases of intangible assets	-15,469
Purchase of property and equipment	-199,115
Deposits	-4,815
Investment at cost	-350,000
Net cash used investing activities	-569,399
Net cash provided by financing activities:	'
Proceeds from the former members of BCSLLC	8,000
Net proceeds from issuance of Private Placement Units	1,813,000
Net cash (used for) provided from financing activities	1,821,000
Net increase in cash	102,559
Cash, beginning of period	9,052
Cash, end of period	111,611
Supplemental disclosure of non-cash financing and investing activities:	'
Conversion of Series B Convertible Preferred to common stock	40,000
Conversion of Series C Convertible Preferred to common stock	1,550
Exchange warrants for common stock	100
Reclassification of derivative liability warrant to additional paid in capital	$22,282

Business_Organization_and_Natu

Business Organization and Nature of Operations	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Business Organization and Nature of Operations	'
	Bitcoinshop.us LLC (“BCSLLC”) was formed on July 28, 2013 as a Maryland limited liability company and launched its e-commerce website in August 2013.
	Bitcoin Shop, Inc. (formerly TouchIt Technologies, Inc.), a Nevada Corporation (the “Company”) through its wholly-owned subsidiary BCSLLC is in the business of developing, marketing and operating an e-commerce website, which offers its users an online marketplace for transacting business in digital currencies, including Bitcoins, Litecoins and Dogecoins (“Digital Currencies”).  The Company is also in the business of mining Digital Currencies specifically Bitcoin.
	The online presence that the Company operates is hosted, maintained, and developed by the Company.  The Company has developed a proprietary application and website that allows the Company to interface with its vendors in order to display up-to-date inventory, and present prices stated in digital currency based on a market exchange rate stated in United States Dollars (“USD”).  The equivalence of Digital Currencies to USD is updated continually and at each stage through the checkout process. When customers reach the Company’s checkout page the equivalence of Digital Currencies to USD is locked in by the Company’s payment processor for 15 minutes.  The payment processor assumes the digital currency exchange risk unless we choose to retain the Digital Currencies.
	The Company currently operates both a beta version of our ecommerce website at www.btcs.com where consumers can purchase products using digital currency such as bitcoin, litecoin and dogecoin, by searching through a selection of over 2,000,000 items from 85 retailers (“Beta”), as well as our legacy site at legacy.bitcoinshop.us (“Legacy”).  The Company does not take physical possession or title to any inventory in either the Beta or Legacy sites.  All orders are originated by the Company’s customers through its websites and are fulfilled by third party vendors.  The Company charges its customers a processing fee and earns a profit margin on each transaction.  Customers purchase merchandise on the Company’s websites in amounts denominated in Digital Currencies.  The Company converts a portion of the Digital Currencies received from its customers as payment, to an amount of USD that are needed to remit payments to third party vendors that ultimately fulfill the orders; provided, however the Company from time to time elects to retain the Digital Currencies and pay third party vendors with the Company funds.
	On September 14, 2014 the Company entered into an independent contractor agreement with Hashmaster Tech, LLC ("Hashmaster").  Under the agreement, Hashmaster will act as an independent contractor in the purchasing and operating of Digital Currency mining equipment which the Company will own.  The agreement contemplates lower operating fees in a tiered manner until Hashmaster is operating $1 million of the Company's mining equipment.  Hashmaster has also agreed to an exclusivity clause with Bitcoin Shop such that the Company will be the only public company for whom Hashmaster mines.
	On February 5, 2014, BCSLLC and the holders of its membership interest entered into a securities exchange agreement (the “Exchange Agreement”) with Bitcoin Shop, Inc.  Upon closing of the transaction contemplated under the Exchange Agreement (the “Share Exchange”), the holders of BCSLLC’s outstanding membership interests (the “BitcoinShop Members”) transferred all the outstanding membership interests of BCSLLC to the Company in exchange for an aggregate of 100,773,923 shares of the Company’s common stock $0.001 par value per share (the “Common Stock”).  As a result, BCSLLC became a wholly-owned subsidiary of the Company.  The Share Exchange is accounted for as a reverse merger (the “Merger”) and recapitalization of BCSLLC in the Company, whereby the Company is the legal acquirer and BCSLLC is the legal acquiree and the accounting acquirer in this transaction.  Consequently, the assets and liabilities and the historical operations of the Company that are reflected in the condensed consolidated financial statements prior to the Merger are those of BitcoinShop.us, LLC, and the condensed consolidated financial statements of the Company after completion of the Merger include the assets and liabilities of Bitcoinshop.us, LLC, historical operations of BitcoinShop.us, LLC and operations of Bitcoinshop.us, LLC from the closing date of the Merger.

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Basis of Presentation	'
	The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information, the instructions to Form 10-Q and the rules and regulations of the SEC. Accordingly, since they are interim statements, the accompanying condensed consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements, but reflect all adjustments consisting of normal, recurring adjustments, that are necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. In the opinion of the Company’s management, all adjustments, consisting of only normal and recurring adjustments, necessary for a fair presentation of the financial position and the results of operations for the periods presented have been included. Interim results are not necessarily indicative of results for a full year. The condensed consolidated financial statements and notes should be read in conjunction with the financial statements and notes for the year ended December 31, 2013, included in a Form 8-K filed with the Securities and Exchange Commission on April 17, 2014.
	During the period ended July 28, 2013 (inception) through September 30, 2013, the Company did not have significant operating activites, accordingly the results of operations for the period from July 28, 2013 (inception) through September 30, 2013 have not been presented in the accompanying condensed consolidated statements of operations and cash flows.

Liquidity_Financial_Condition_

Liquidity, Financial Condition and Management's Plans	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Liquidity, Financial Condition and Management's Plans	'
	The Company has commenced its planned operations but had limited operating activities to date. The Company has financed its operations from inception using proceeds received from capital contributions made by its members. On February 6, 2014, the Company raised $1.875 million of new capital in a private placement transaction. Notwithstanding, the Company has limited revenues, limited capital resources and is subject to all of the risks and uncertainties that are typical of an early stage enterprise. Significant uncertainties include, among others, whether the Company will be able to raise the capital it needs to finance its longer term operations and whether such operations, if launched, will enable the Company to sustain operations as a profitable enterprise.
	The Company used approximately $1.1 million of cash in its operating activities for the nine months ended September 30, 2014. The Company incurred a $6.6 million net loss for the nine months ended September 30, 2014.  The Company had cash of $0.1 million as of September 30, 2014, and working capital of approximately $0.4 million at September 30, 2014.
	We are dependent on our ability to retain short term financing and ultimately to generate sufficient cash flow to meet our obligations on a timely basis in order to attain profitability, as well as successfully obtain financing on favorable terms to fund our long-term plans.  Our business will require significant amounts of capital to sustain operations and make the investments it needs to execute its longer term business plan.   Our existing liquidity is not sufficient to fun our operations, anticipated capital expenditures, working capital and other financing requirements for the foreseeable future.  Absent generation of sufficient revenue from the execution of our business plan, we will need to seek to obtain additional debt or equity financing, especially if we experience downturns or cyclical fluctuations in our business that are more severe or longer than anticipated, or if we experience significant increases in expense levels resulting from being a publicly-traded company or from operations.  If we attempt to obtain additional debt or equity financing, we cannot provide assurance that such financing will be available to us on favorable terms, or at all.
	Because of recurring operating losses, net operating cash flow deficits, and an accumulated deficit, there is substantial doubt about our ability to continue as a going concern. The condensed financial statements have been prepared assuming we will continue as a going concern and do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Summary of Significant Accounting Policies	'
	A summary of the significant accounting policies applied in the preparation of the accompanying condensed consolidated financial statements as follows:
	Principal of Consolidation
	The condensed consolidated financial statements represent the consolidation of the accounts of the Company and its subsidiary in conformity with U.S. GAAP. All intercompany accounts and transactions have been eliminated in consolidation.
	Digital Currencies Translations and Remeasurements
	The Company accounts for Digital Currencies, which it considers to be an operating asset, at their initial cost and subsequently remeasures the carrying amounts of Digital Currencies it owns at each reporting date based on their current fair value.  The changes in the fair value of Digital Currencies are included as a component of income or loss from operations.  Though Digital Currencies behave like a foreign currency the Company currently classifies Digital Currencies as a current asset.  Digital Currencies are considered a crypto-currency and the Company receives deposits in various kinds of digital currencies including but not limited to Bitcoins, Litecoins and Dogecoins from customer trade transactions.  The Company when necessary, will issue refunds in Digital Currencies and at its discretion make payments to vendors in Digital Currencies, if and when such vendors accept Digital Currencies as payment.
	The Company obtains the equivalency rate of Bitcoins to USD from various exchanges including, Bitstamp and Coinbase.  The equivalency rate obtained from these sources represents a generally well recognized quoted price in an active market for Bitcoins, which market and related database is accessible to the Company on an ongoing basis.
	In March of 2014, the Company began accepting Litecoins and Dogecoins. Currently, the Company determines the value of Bitcoins (for the purpose of ecommerce sales) and Litecoins and Dogecoins from GoCoin LLC, the payment processor that enables the Company to accept these digital currencies as payments from its customers for goods.
	Property Plant and Equipment
	Internally Developed Software
	Internally developed software consisting of the core technology that allows the Company to interface with vendors in order to display up-to-date inventory, and present prices in Bitcoin or Litecoin according to the GoCoin US Dollars exchange rates. The Company accounts for computer software used in the business in accordance with ASC 350 “Intangibles-Goodwill and Other”. ASC 350 requires computer software costs associated with internal use software to be charged to operations as incurred until certain capitalization criteria are met. Costs incurred during the preliminary project stage and the post-implementation stages are expensed as incurred. Certain qualifying costs incurred during the application development stage are capitalized as property, equipment and software. These costs generally consist of internal labor during configuration, coding, and testing activities. Capitalization begins when (i) the preliminary project stage is complete, (ii) management with the relevant authority authorizes and commits to the funding of the software project, and (iii) it is probable both that the project will be completed and that the software will be used to perform the function intended.
	Digital Currency Mining Hardware
	The computer mining hardware is used to generate digital currencies. The Company depreciates computer mining hardware over a 2 year period.
	Intangible Asset
	The Company has applied the provision of ASC topic 350-50-50 Intangible - Goodwill and Other/Website Development Costs, in accounting for its costs incurred to purchase its website. Capitalized website costs are being amortized by the straight line method over an estimated useful life of 3 years. Amortization cost was $1,245 and $2,946 for the three and nine months ended September 30, 2014, respectively.
	Use of Estimates
	In preparing condensed consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of expenses during the reporting period.  Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be affected by changes in these estimates.  On an ongoing basis, the Company evaluates its estimates and assumptions.  These estimates and assumptions include the fair values of digital currencies, valuing equity securities in share-based payment arrangements, estimating the fair value of equity instruments recorded as derivative liabilities, estimating useful lives of depreciable and amortizable assets and estimating the fair value of long-lived assets as to whether impairment charge may apply.
	Revenue Recognition
	The Company follows the guidance of the Securities and Exchange Commission’s Staff Accounting Bulletin (“SAB”) 104 for revenue recognition and Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition.”  Accordingly, the Company records revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the selling price to the customer is fixed or determinable and collectability of the revenue is reasonably assured.
	The Company’s sole source of revenue is derived from processing fees and the markup of goods purchased by customers through orders originated through the Company’s website. The Company recognizes revenues from the origination of the orders upon receiving confirmation that the third party vendors’ fulfillment process (delivery to customer) is complete. Customer deposits represents orders originated and Digital Currency payments received for orders that are not yet fulfilled.
	The Company has determined that it is not the primary obligor in any of the sales transactions it originates. The Company does not (i) have general inventory risk with respect to any of the goods that its customers purchase, (ii) take title to, or bear the risk of loss for, any goods that third party vendors ship to its customers, (iii) participate in the fulfillment of the sale, (iv) make representations regarding the suitability of products for its customers purposes, (v) modify any of the products purchased, or (vi) assume credit risk. Accordingly, the Company has determined, based on the weight of available evidence, that it is appropriate to record revenues on a net basis, which is equal to the amount of the processing fees, it earns plus the mark-up.
	Income Taxes
	As a result of the Merger, beginning on February 5, 2014, the Company is taxed as a C Corporation. Prior to the Merger, the Company was a limited liability company, whereby the Company elected to be taxed as a partnership and the income or loss was reported by each respective member on their separate income tax returns. Therefore, no provision for income taxes has been provided in the accompanying condensed consolidated financial statements for periods prior to February 5, 2014.
	The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax liabilities and assets are determined based on the difference between the financial statement basis and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company estimates the degree to which tax assets and credit carryforwards will result in a benefit based on expected profitability by tax jurisdiction. A valuation allowance for such tax assets and loss carryforwards is provided when it is determined to be more likely than not that the benefit of such deferred tax asset will not be realized in future periods. Tax benefits of operating loss carryforwards are evaluated on an ongoing basis, including a review of historical and projected future operating results, the eligible carryforward period, and other circumstances. If it becomes more likely than not that a tax asset will be used, the related valuation allowance on such assets would be reduced.
	Fair Value – Definition and Hierarchy
	In accordance with U.S. GAAP, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction in the principal or most advantageous market between market participants at the measurement date.
	In determining fair value, the Company uses various valuation approaches. In accordance with U.S. GAAP, a fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The valuation techniques are consistent with the market, cost or income approaches to measuring fair value. If more than one valuation technique is used to measure fair value, the results are evaluated considering the reasonableness of the range of values indicated by those results. The fair value hierarchy is categorized into three levels based on the inputs as follows:
	Level 1 - Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Valuation adjustments and block discounts are not applied to Level 1 securities. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these securities does not entail a significant degree of judgment.
	Level 2 - Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.
	Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement.
	The availability of valuation techniques and observable inputs can vary and is affected by a wide variety of factors including, the type of security, whether the security is new and not yet established in the marketplace, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Those estimated values do not necessarily represent the amounts that may be ultimately realized due to the occurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the securities existed. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for assets and liabilities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement.
	Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The Company uses prices and inputs that are current as of the measurement date, including periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many securities. This condition could cause an assets and liabilities to be reclassified to a lower level within the fair value hierarchy.
	The Company considers transfers between the levels within the fair value hierarchy when circumstances surrounding the fair value for a particular assets and liabilities conform to a different level of the fair value hierarchy than as previously reported. Whenever circumstances occur, whereby there is a transfer within the fair value hierarchy, the Company considers the date the event or change in circumstances occurred which caused the transfer.
	Employee Stock-Based Compensation
	The Company accounts for stock-based compensation in accordance with ASC 718 Compensation - Stock Compensation ("ASC 718"). ASC 718 addresses all forms of share-based payment ("SBP") awards including shares issued under employee stock purchase plans and stock incentive shares. Under ASC 718 awards result in a cost that is measured at fair value on the awards' grant date, based on the estimated number of awards that are expected to vest and will result in a charge to operations.
	Advertising Expense
	Advertisement costs are expensed as incurred and included in marketing expenses. Advertising expenses amounted to $26,241 and $89,700 for the three and nine months ended September 30, 2014, respectively.
	Earnings per Share
	Basic earnings per share (“EPS”) is computed by dividing net loss applicable to common stock by the weighted-average number of common shares outstanding during the period.
	For purposes of calculating basic and diluted earnings per share, vested restricted stock awards are considered outstanding. Under the treasury stock method, diluted EPS reflects the potential dilution that could occur if securities or other instruments that are convertible into common stock were exercised or could result in the issuance of common stock. The following financial instruments were not included in the diluted loss per share calculation for the nine months ended September 30, 2014 because their effect was anti-dilutive:
		As of September 30,
		2014
	Common Stock options		6,201,472
	Common Stock warrants		875,000
	Series C Convertible Preferred		2,200,000
	Excluded potentially dilutive securities		9,276,472
	Investment at Cost and Note Receivable
	On March 20, 2014, the Company invested $150,000 into Series A preferred units of GoCoin, LLC (“GoCoin”). GoCoin is an international payment processor that enables merchants to accept Bitcoin, Litecoin and Dogecoin payments at the point of checkout in e-commerce transaction.  The investment is carried at cost in the accompanying condensed consolidated balance sheet. The Company does not merit a significant influence.
	On May 9, 2014, the Company invested $50,000 into Series Seed preferred units of Bitvault, Inc (“Bitvault”). The Company does not maintain significant influence. The investment is carried at cost in the accompanying condensed consolidated balance sheet.
	No gains or losses have been recognized during the nine months ended September 30, 2014.
	Note Receivable
	On July 10, 2014, the Company entered into a Convertible Note Purchase Agreement (the “Purchase Agreement”) with Express Technologies, Inc. (“Express Technologies”) pursuant to which the Company purchased a note receivable in the principal amount of $150,000 (the “Note”).  The note receivable is carried at cost in the accompanying condensed consolidated balance sheet. The Note accrues interest at 5% per annum and matures on July 10, 2015.  Upon the occurrence of Express Technologies' next preferred equity financing in which Express Technologies receives gross proceeds of at least $750,000 (the “Financing”), the entire outstanding principal amount and accrued but unpaid interest (the “Conversion Amount”) on the Note shall automatically be converted into such number of shares of Express Technologies’ preferred equity equal to the greater of (A) the Conversion Amount divided by the product of: (i) the per share price of the securities offered in the Financing and (ii) 0.85 and (B) the Conversion Amount divided by an amount equal to $9,000,000 divided by Express Technologies’ Fully Diluted Capitalization (as defined in the Note).  In the event a Financing does not occur prior to the maturity of the Note, the Company may elect to convert the Note into such number of shares of common stock as shall equal: (A) the Conversion Amount as of the Maturity Date divided by (B) an amount equal to $9,000,000 divided by Express Technologies’ Fully Diluted Capitalization immediately prior to the Maturity Date. The conversion option does not have to be bifurcated as it does not meet the definition of a derivative (not readily convertible into cash).
	Preferred Stock
	The Company applies the guidance enumerated in ASC 480 “Distinguishing Liabilities from Equity” when determining the classification and measurement of preferred stock. Preferred shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. The Company classifies conditionally redeemable preferred shares (if any), which includes preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control, as temporary equity. At all other times, the Company classifies its preferred shares in stockholders’ equity. The Company’s preferred shares do not feature any redemption rights within the holders’ control or conditional redemption features not within the Company’s control as of September 30, 2014. Accordingly all issuances of preferred stock are presented as a component of condensed consolidated stockholders’ equity.
	Convertible Instruments
	The Company has evaluated the Series C Convertible Preferred Stock (“Preferred Stock”) conversion component of the Private Placement and determined it should be considered an “equity host” and not a “debt host” as defined by ASC 815, Derivatives and Hedging. This evaluation is necessary in order to determine if any embedded features require bifurcation and, therefore, separate accounting as a derivative liability. The Company’s analysis followed the “whole instrument approach,” which compares an individual feature against the entire preferred stock instrument which includes that feature. The Company’s analysis was based on a consideration of the Preferred Stock’s economic characteristics and risks and more specifically evaluated all the stated and implied substantive terms and features including (i) whether the Preferred Stock included redemption features, (ii) whether the preferred stockholders were entitled to dividends, (iii) the voting rights of the Preferred Stock and (iv) the existence and nature of any conversion rights. As a result of the Company’s determination that the Preferred Stock is an “equity host,” the embedded conversion feature is not considered a derivative liability.
	Recent Accounting Pronouncements
	The Financial Accounting Standards Board (“FASB”) has issued Accounting Standards Update (“ASU”) No. 2014-12, Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. This ASU requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The adoption of this standard is not expected to have a material impact on the Company’s condensed consolidated financial position and results of operations.
	The FASB has issued ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The guidance, which is effective for annual reporting periods ending after December 15, 2016, extends the responsibility for performing the going-concern assessment to management and contains guidance on how to perform a going-concern assessment and when going-concern disclosures would be required under U.S. GAAP.  The Company has elected to early adopt the provisions of ASU 2014-15 in connection with the issuance of these unaudited condensed consolidated financial statements.
	Subsequent events
	Subsequent events have been evaluated through the date of this filing.

Property_and_Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Property and Equipment	'
	Property and equipment consist of the following at September 30, 2014 and December 31, 2013:
		30-Sep-14			31-Dec-13
	Equipment	$	12,305		$	4,000
	Computer		3,469			-
	Digital currency mining hardware		42,545			-
	Website development		144,796
	Accumulated depreciation		(3,411	)		(444	)
	Property and equipment, net	$	199,704		$	3,556
	Depreciation expense is approximately $2,011 and $2,967 for the three and nine months ended September 30, 2014, respectively.

Shareholders_Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Shareholders' Equity	'
	On January 13, 2014, pursuant to the first amendment to BCSLLC’s operating agreement, BCSLLC admitted three new stockholders in exchange for aggregate capital contributions amounting to $8,000 representing 51,758,563 of common stock.
	The Series B Designation provides authorization for the issuance of 400,000 shares of Series B preferred stock, par value $0.001 (the "Series B Preferred Stock").  Each holder of Series B Preferred Stock shall be entitled to vote on all matters submitted to shareholders of the Company and shall be entitled to the number of votes for each share of Series B Preferred Stock owned at the record date for the determination of shareholders entitled to vote on such matter equal to the number of shares of common stock such shares of Series B Preferred Stock are convertible into at such time, but not in excess of the conversion limitations.  Each holder of Series B Preferred Stock may, from time to time, convert any or all of such holder’s shares of Series B Preferred Stock into fully paid and non-assessable shares of common stock in an amount equal to one hundred (100) shares of common stock for each one (1) share of Series B Preferred Stock surrendered.  However, at no time may all or a portion of shares of Series B Preferred Stock be converted if the number of shares of common stock to be issued pursuant to such conversion which would exceed, when aggregated with all other shares of common stock owned by such holder at such time, the number of shares of common stock which would result in such holder beneficially owning (as determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the rules thereunder) more than 9.99% of all of the common Stock outstanding at such time (the “9.99% Beneficial Ownership Limitation”).  By written notice to the Company, any holder of Series B Preferred Stock may increase or decrease the 9.99% Beneficial Ownership Limitation to any other percentage not in excess of 9.99% specified in such notice; provided that (i) any such increase will not be effective until the 61st day after such notice is delivered to the Company, and (ii) any such increase or decrease will apply only to such holder of Series B Preferred Stock sending such notice and not to any other holder of Series B Preferred Stock; provided further, that the Company acknowledges that, notwithstanding the foregoing, certain current holders of Series B Preferred Stock have elected to have the 9.99% Beneficial Ownership Limitation to initially be 4.99%. During the nine months ended September 30, 2014, the Company converted 400,000 shares of Series B Preferred stock into 40,000,000 shares of common stock. There is no outstanding Series B Preferred stock outstanding as of September 30, 2014.
	On February 6, 2014, following the completion of the merger and recapitalization transaction the Company, sold an aggregate of 3,750,000 units in a private placement (the “Private Placement”) of its securities to certain investors at a purchase price of $0.50 per unit pursuant to subscription agreements for an aggregate purchase price of $1,875,000.  The units in the Private Placement consisted of (i) one share of the Company’s Series C Convertible Preferred Stock, par value $0.001 per share, which is convertible into one (1) share of common stock and (ii) a three year warrant to purchase Ѕ share of common stock at an exercise price of $1.00 per share.  Additionally, the shares of common stock issuable upon conversion of Series C Preferred Stock and common stock issuable upon exercise of the warrants are subject to “piggy-back” and “demand” registration rights until such shares of Common Stock may be sold under Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”).  Each share of the Series C Preferred Stock is convertible into one (1) share of common stock and has a stated value of $0.001.  The conversion ratio is subject to adjustment in the event of stock splits, stock dividends, combination of shares and similar recapitalization transactions. The Company is prohibited from effecting the conversion of the Series C Preferred Stock to the extent that, as a result of such conversion, the holder beneficially owns more than 9.99%, in the aggregate, of the issued and outstanding shares of the Company’s Common Stock calculated immediately after giving effect to the issuance of shares of Common Stock upon the conversion of the Series C Preferred Stock, provided further, that the Company acknowledges that, notwithstanding the foregoing, certain current holders of Series C Preferred Stock have elected to have the 9.99% Beneficial Ownership Limitation to initially be 4.99%. Each share of the Series C Preferred Stock is entitled to the number of votes equal to the number of shares of common stock such share is convertible into at such time, but not in excess of the beneficial ownership limitation.  Each warrant is exercisable into Ѕ share of common stock at an exercise price of $1.00 per share.  The warrant may be exercised on a cashless basis. The Company is prohibited from effecting the exercise of warrant to the extent that, as a result of such exercise, the holder beneficially owns more than 4.99%, in the aggregate, of the issued and outstanding shares of the Company’s common stock calculated immediately after giving effect to the issuance of shares of common stock upon the exercise of the warrant. Offering costs of $62,000 associated with the Private Placement Units were recorded as component of stockholders’ equity. The calculation of the effective conversion amount did not result in a beneficial conversion feature ("BCF") because the effective conversion price equaled the Company's stock price on the date of issuance, therefore no BCF was recorded.
	In June 2014, the Company and the holders of the warrants agreed to waive their Most Favored Nations Provision.  As a result of this waiver the Company reclassified $22,282 from derivative liabilities on warrants to additional paid in capital.
	On July 16, 2014, the Company converted 1,550,000 shares of Series C preferred Stock to 1,550,000 shares of common stock.
	On August 26, 2014, 1,000,000 warrants were exchanged by multiple warrant holders for 100,000 shares of common stock.
	Demand Registration Rights.
	The shares of Common Stock issuable upon conversion of Series C Shares or the warrant underlying the units sold in the Private Placement are subject to “piggy-back” and “demand” registration rights until such shares of Common Stock may be sold under Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”).  The Company shall pay to holders a fee of 0.25% per month of the Investors’ investment, payable in cash, for every thirty (30) day period up to a maximum of 3%, (i) following the filing date that the registration statement has not been filed and (ii) following the effectiveness date that the registration statement has not been declared effective; provided, however, that the Company shall not be obligated to pay any such liquidated damages if the Company is unable to fulfill its registration obligations as a result of rules, regulations, positions or releases issued or actions taken by the Commission pursuant to its authority with respect to “Rule 415”, and the Company registers at such time the maximum number of shares of Common Stock permissible upon consultation with the staff of the Commission. If during the effectiveness period, the number of registerable Securities at any time exceeds 100% of the number of shares of Common Stock then registered in a registration statement, the Company shall file as soon as reasonably practicable an additional registration statement covering the resale of not less than the number of such registerable securities.
	The Company accounts for obligations under the Registration Rights Agreement in accordance with ASC 450 “Contingencies,” which requires us to record a liability if the contingent loss is probable and the amount can be estimated. At September 30, 2014, the Company has not recorded a liability pertaining to the Company’s obligations under the Registration Rights Agreement because the amount is not deemed probable.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Fair Value Measurements	'
	The Company’s assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy.
	The following table presents information about the Company’s liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of September 30, 2014:
		Fair value measured at September 30, 2014
		Total carrying value at September 30,			Quoted prices in active			Significant other			Significant
					markets			observable inputs			unobservable inputs
		2014			(Level 1)			(Level 2)			(Level 3)
	Digital Currencies	$	209,418			209,418			-		$	-
	There were no transfers between Level 1, 2 or 3 during the nine months ended September 30, 2014.
	The following table presents additional information about Level 3 assets and liabilities measured at fair value. Both observable and unobservable inputs may be used to determine the fair value of positions that the Company has classified within the Level 3 category. As a result, the unrealized gains and losses for assets and liabilities within the Level 3 category may include changes in fair value that were attributable to both observable (e.g., changes in market interest rates) and unobservable (e.g., changes in unobservable long-dated volatilities) inputs.
	Changes in Level 3 liabilities measured at fair value for the nine months ended September 30, 2014:
	Balance - January 1, 2014	$	-
	Fair value of warrant liability on date of issuance (February 6, 2014)		227,239
	Change in fair value of warrant liability immediately before reclassification		(204,957	)
	Reclassification of derivative liability warrant		(22,282	)
	Balance - September 30, 2014	$	-
	A summary of quantitative information with respect to valuation methodology, estimated using a probability-weighted Black-Scholes option pricing model, which is comparable to a Binomial option pricing model, and significant unobservable inputs used for the Company’s warrant liabilities that are categorized within Level 3 of the fair value hierarchy for the nine months ended September 30, 2014 is as follows:
	Date of valuation	6-Feb-14			31-Mar-14			30-Jun-14
	Fair value of common stock	$	0.44		$	0.32			0.17
	Dividend yield (per share)		0	%		0	%		0	%
	Strike price	$	1		$	1			1
	Volatility (annual)		74	%		74	%		71	%
	Risk-free rate		0.66	%		0.93	%		0.88	%
	Expected life (years)		3			2.9			2.7
	The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s Management.

Stock_Based_Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Stock Based Compensation	'
	2014 Equity Incentive Plan
	The purpose of the 2014 Equity Incentive Plan (the “2014 Plan”) is to promote the success of the Company and to increase stockholder value by providing an additional means through the grant of awards to attract, motivate, retain and reward selected employees and other eligible persons. The 2014 Plan provides for the grant of incentive stock options, nonqualified stock options, restricted stock, restricted stock units, stock appreciation rights and other types of stock-based awards to the Company’s employees, officers, directors and consultants.  Pursuant to the terms of the 2014 Plan, either the Board or a board committee is authorized to administer the plan, including by determining which eligible participants will receive awards, the number of shares of common stock subject to the awards and the terms and conditions of such awards.  Unless earlier terminated by the Board, the Plan shall terminate at the close of business on January 30, 2024.  Up to 15,503,680 shares of common stock are issuable pursuant to awards under the 2014 Plan.
	Compensation expense for all stock-based awards is measured on the grant date based on the fair value of the award and is recognized as an expense, on a straight-line basis, over the employee's requisite service period (generally the vesting period of the equity award). The fair value of each option award is estimated on the grant date using a Black-Scholes option valuation model. Stock-based compensation expense is recognized only for those awards that are expected to vest using an estimated forfeiture rate. The Company estimates pre-vesting option forfeitures at the time of grant and reflects the impact of estimated pre-vesting option forfeitures in compensation expense recognized. For options and warrants issued to non-employees, the Company recognizes stock compensation costs utilizing the fair value methodology over the related period of benefit.
	The grant date fair value of stock options granted during the nine months ended September 30, 2014 was $17,860,239.  The fair value of the Company’s common stock was based upon the publicly quoted price on the date that the final approval of the awards was obtained.  The Company does not expect to pay dividends in the foreseeable future so therefore the dividend yield is 0%.  The expected term for stock options granted with service conditions represents the average period the stock options are expected to remain outstanding and is based on the expected term calculated using the approach prescribed by the Securities and Exchange Commission's Staff Accounting Bulletin No. 110 for “plain vanilla” options.  The expected term for stock options granted with performance and/or market conditions represents the period estimated by management by which the performance conditions and market conditions will be met.  The Company obtained the risk free interest rate from publicly available data published by the Federal Reserve.  The volatility rate was computed based on a comparison of average volatility rates of similar companies.  The fair value of options granted in 2014 was estimated using the following assumptions – exercise price $0.50, expected stock price volatility 73.9%, effective life 3.5 years, risk free rate 0.69%.
	Stock-based compensation expense was $2,247,800 and $5,814,963 for the three and nine months ended September 30, 2014, respectively.
	Stock Option Activity
	A summary of stock option activity to employees for the nine months ended September 30, 2014 is as follows:
		Number of Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value per Share		Avergae Remaining Contractual Life		Average Intrinsic Value
	Outstanding at December 31, 2013		-	$	-	$	-		-	$	-
	Granted		6,201,472		0.5		2.88		5		-
	Expired		-		-		-		-		-
	Forfeited		-		-		-		-		-
	Outstanding at September 30, 2014		6,201,472	$	0.5	$	2.88		4.3	$	-
	Exercisable as of September 30, 2014		-						-
	The Company’s policy, in the event of exercise, is to issue new shares to fulfill the requirements for options that are exercised. There is $12,045,277 of unrecognized compensation cost as of September 30, 2014.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments And Contingencies	'
Commitments and Contingencies	'
	On April 4, 2014, the Company entered into an operating sub-lease agreement beginning on April 14, 2014 and ending on May 31, 2015 (the “Term”) for its headquarters in Arlington, Virginia.  The estimated future payments under the Term of the operating lease are as follows:
	2014	$	13,434
	2015		23,900
	Total Lease Commitment	$	37,334
	The Company paid the entire rent through the Term and has recognized it as a prepaid rent.  Additionally, the Company paid a security deposit of one month’s rent of $4,815.
	The Company recognizes a liability for a contingency when it is probable that liability has been incurred and when the amount of loss can be reasonably estimated. When a range of probable loss can be estimated, the Company accrues the most likely amount of such loss, and if such amount is not determinable, then the Company accrues the minimum of the range of probable loss. As of September 30, 2014, there was no litigation against the Company and therefore the litigation accrual was zero.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Subsequent Events	'
	In connection with the Company’s investment in Express Technologies, the Company entered into a letter agreement with Express Technologies (the “Letter Agreement”) pursuant to which the Company was granted an option until October 24, 2014 (the “Option”) to (i) purchase additional promissory notes in an amount up to $1,000,000 or (ii) to the extent a Financing occurs, purchase securities in such Financing in an amount up to $1,000,000.  The Option is payable in U.S. dollars or bitcoins.
	Additionally, pursuant to the Letter Agreement, Express Technologies has agreed to cause Charles Allen, the Company’s Chief Executive Officer, to be appointed as an advisor to Express Technologies in consideration for an option or warrant to purchase such number of shares of Express Technologies’ common stock as shall equal 0.25% of the Fully Diluted Capitalization at an exercise price equal to $9,000,000 divided by the Fully Diluted Capitalization.  Such option or warrant shall vest over a two year period.
	In the event the Company (i) exercises the Option and (ii) purchases an additional note or participates in a Financing in an amount of $1,000,000, Express Technologies shall cause Mr. Allen to be appointed to its Board of Directors in consideration for which, Mr. Allen shall receive an option or warrant to purchase such number of shares of Express Technologies’ common stock as shall equal 0.50% of the Fully Diluted Capitalization at an exercise price equal to $9,000,000 divided by the Fully Diluted Capitalization.  Such option or warrant shall vest over a two year period
	On October 2, 2014, the Company entered into a Subscription Agreement (the “Agreement”) with Coin Outlet Inc. (“Coin Outlet”) pursuant to which the Company purchased from Coin Outlet 8,334 Units, at $6.00 per Unit, for an aggregate purchase price of $50,004.  Each Unit consists of (i) one share of Coin Outlet’s common stock, and (ii) a warrant to purchase two (2) shares of Coin Outlet’s common stock at an exercise price of $6.00 per share which expires on January 15, 2015 (the “Warrant”).
	As further incentive for the Company to enter into the Agreement, the Company, Coin Outlet and its shareholders (the “Holders”) entered into an option agreement with the Company (the “Option”).  Pursuant to the Option agreement the Company shall have the option in one or more transactions to exchange an aggregate of up to 75,448 shares in Coin Outlet (or approximately 7.4% of the total shares of Coin Outlet issued and outstanding immediately prior to this transaction) (the “CO Shares”) for up to an aggregate of 3,500,000 newly issued shares of common stock of the Company (the “BTCS Shares”).  Both the CO Shares and BTCS Shares shall be adjusted to account for certain reclassifications and adjustments as set forth in the Option agreement.  Pursuant to the Option agreement the Option will automatically be exercised in full on August 15, 2015 unless Coin Outlet or the Company has had a material adverse effect as defined.
	The Holders further agreed to enter into a lock-up agreement with the Company with respect to any BTCS Shares received (the “Lockup Agreement”).  Pursuant to the Lockup Agreement the Holders are prohibited from the sale of any BTCS Shares until after February 5, 2017.Immediately prior to the transaction Coin Outlet’s share structure consisted of 1,000,000 shares of common stock, and no other equity or equity linked securities were issued or outstanding.  After giving effect to the Unit purchase the Company will own 0.83% of Coin Outlet and if the Warrant and Option are exercised in full the Company would own 9.8% of Coin Outlet.
	On October 10, 2014, the Company entered into lockup agreements (the “Lockup Agreements”) with certain of its officers, directors and large shareholders (collectively, the “Lockup Parties”) pursuant to which the Lockup Parties agreed to refrain from selling or transferring an aggregate of 71,254,575 shares of the Company’s common stock they own until February 5, 2017.  The foregoing description of the Lockup Agreements does not purport to be complete and is qualified in its entirety by reference to the complete text as set forth in an 8k filed with the SEC on October 10, 2014.
	On October 17, 2014, the Company formed a Strategic Advisory Board (the “SAB”) whose purpose is to assist and provide advice to the Company’s Board of Directors and management regarding the Company’s corporate strategic plan and matters of particular strategic importance to the Company.  In connection with the formation of the SAB, on October 17, 2014, the Company entered into Strategic Advisory Board Agreements with the initial ten members of its SAB, which nine of such agreements call for compensation to be paid in shares of the Company’s restricted common stock, par value $0.001 per share (the “Common Stock”) and one agreement calls for compensation to be paid in cash (the “Equity SAB Agreement” and the “Cash SAB Agreement, respectively).
	On October 21, 2014, the Company entered into a Share Redemption Agreement and Release (the “Redemption Agreement”) with each of Charles Allen, its Chief Executive Officer, Chief Financial Officer and Chairman, Charles Kiser, its Chief Marketing Officer and Michal Handerhan, its Chief Operating Officer and corporate secretary (collectively, the “Company Officers”) pursuant to which the Company Officers agreed to return an aggregate of 12,750,000 shares of the Company’s common stock, par value $0.001 per share, held by them to the Company for cancellation in consideration for an aggregate payment of $2,490.72.
	On November 7, 2014, the Company entered into an Option Cancellation and Release Agreement (each, a “Cancellation Agreement”) with each of Charles Allen, its Chief Executive Officer, Chief Financial Officer and Chairman, Charles Kiser, its Chief Marketing Officer, Michal Handerhan, its Chief Operating Officer and corporate secretary and Timothy Sidie, its former Chief Technology Officer (collectively, the “Company Option Holders”) pursuant to which each of the Company Option Holders agreed to return to the Company for cancellation, options to purchase up to 1,550,368 shares (or 6,201,472 shares in the aggregate) of the Company’s common stock, par value $0.001 per share, with an exercise price of $0.50, held by them.
	On November 7, 2014, the Board of Directors of the Company granted Charles Allen an eight year non-qualified stock option under the Company’s 2014 Equity Incentive Plan (the “Plan”) to purchase up to an aggregate of Nine Million Five Hundred Thousand (9,500,000) shares of the Company’s common stock with a per share exercise price of $0.10 (the “Allen Option”).  The Allen Option vests as follows:
		·	Three Million Five Hundred Thousand (3,500,000) shares of common stock shall vest if (i) EBITDA (as defined in the Allen Option), as reported in the Company’s Annual Report on Form 10-K for the fiscal year ending 2015, is at least Five Hundred Thousand Dollars ($500,000) and (ii) 2015 EBITDA Per Share (as defined in the Allen Option) is at least $0.003;
		·	Five Million (5,000,000) shares of common stock shall vest if (i) EBITDA, as reported in the Company’s Annual Report on Form 10-K for the fiscal year ending 2016, is at least Three Million Dollars ($3,000,000) and (ii) 2016 EBITDA Per Share (as defined in the Allen Option) is at least $0.014 per share; and
		·	One Million (1,000,000) shares of common stock shall vest upon the listing of the Company’s common stock on a national securities exchange on or prior to December 31, 2016.
	On November 7, 2014, the Board of Directors of the Company granted Michal Handerhan an eight year non-qualified stock option under the Plan to purchase up to an aggregate of Two Million Nine Hundred and Fifty Thousand (2,950,000) shares of the Company’s common stock with a per share exercise price of $0.10 (the “Handerhan Option”).  The Handerhan Option shall vest as follows:
		·	Two Hundred and Fifty Thousand (250,000) shares of common stock shall vest if (i) EBITDA (as defined in the Handerhan Option), as reported in the Company’s Annual Report on Form 10-Kfor the fiscal year ending 2015, is at least Five Hundred Thousand Dollars ($500,000) and (ii) 2015 EBITDA Per Share (as defined in the Handerhan Option) is at least $0.003;
		·	Three Hundred and Fifty Thousand (350,000) shares of common stock shall vest if (i) EBITDA, as reported in the Company’s Annual Report on Form 10-K for the fiscal year ending 2016, is at least Three Million Dollars ($3,000,000) and (ii) 2016 EBITDA Per Share (as defined in the Handerhan Option) is at least $0.014 per share;
		·	One Million Five Hundred Thousand (1,500,000) shares of common stock shall vest if the revenue of the Company’s wholly owned subsidiary Bitcoinshop.us LLC for fiscal year ending 2016 as reported in the Company’s Annual Report on Form 10-K for the fiscal year ending, 2016 is at least One Million Dollars ($1,000,000); and
		·	Eight Hundred and Fifty Thousand (850,000) shares of common stock shall vest upon the successful completion of various milestones on or prior to December 31, 2015, as described in the Handerhan Option.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Summary Of Significant Accounting Policies Policies	'
Principal of Consolidation	'
	The condensed consolidated financial statements represent the consolidation of the accounts of the Company and its subsidiary in conformity with U.S. GAAP. All intercompany accounts and transactions have been eliminated in consolidation.
Digital Currencies Translations and Remeasurements	'
	The Company accounts for Digital Currencies, which it considers to be an operating asset, at their initial cost and subsequently remeasures the carrying amounts of Digital Currencies it owns at each reporting date based on their current fair value.  The changes in the fair value of Digital Currencies are included as a component of income or loss from operations.  Though Digital Currencies behave like a foreign currency the Company currently classifies Digital Currencies as a current asset.  Digital Currencies are considered a crypto-currency and the Company receives deposits in various kinds of digital currencies including but not limited to Bitcoins, Litecoins and Dogecoins from customer trade transactions.  The Company when necessary, will issue refunds in Digital Currencies and at its discretion make payments to vendors in Digital Currencies, if and when such vendors accept Digital Currencies as payment.
	The Company obtains the equivalency rate of Bitcoins to USD from various exchanges including, Bitstamp and Coinbase.  The equivalency rate obtained from these sources represents a generally well recognized quoted price in an active market for Bitcoins, which market and related database is accessible to the Company on an ongoing basis.
	In March of 2014, the Company began accepting Litecoins and Dogecoins. Currently, the Company determines the value of Bitcoins (for the purpose of ecommerce sales) and Litecoins and Dogecoins from GoCoin LLC, the payment processor that enables the Company to accept these digital currencies as payments from its customers for goods.
Internally Developed Software	'
	Internally developed software consisting of the core technology that allows the Company to interface with vendors in order to display up-to-date inventory, and present prices in Bitcoin or Litecoin according to the GoCoin US Dollars exchange rates. The Company accounts for computer software used in the business in accordance with ASC 350 “Intangibles-Goodwill and Other”. ASC 350 requires computer software costs associated with internal use software to be charged to operations as incurred until certain capitalization criteria are met. Costs incurred during the preliminary project stage and the post-implementation stages are expensed as incurred. Certain qualifying costs incurred during the application development stage are capitalized as property, equipment and software. These costs generally consist of internal labor during configuration, coding, and testing activities. Capitalization begins when (i) the preliminary project stage is complete, (ii) management with the relevant authority authorizes and commits to the funding of the software project, and (iii) it is probable both that the project will be completed and that the software will be used to perform the function intended.
Digital Currency Mining Hardware	'
	The computer mining hardware is used to generate digital currencies. The Company depreciates computer mining hardware over a 2 year period.
Intangible Asset	'
	The Company has applied the provision of ASC topic 350-50-50 Intangible - Goodwill and Other/Website Development Costs, in accounting for its costs incurred to purchase its website. Capitalized website costs are being amortized by the straight line method over an estimated useful life of 3 years. Amortization cost was $1,245 and $2,946 for the three and nine months ended September 30, 2014, respectively.
Use of Estimates	'
	In preparing condensed consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of expenses during the reporting period.  Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be affected by changes in these estimates.  On an ongoing basis, the Company evaluates its estimates and assumptions.  These estimates and assumptions include the fair values of digital currencies, valuing equity securities in share-based payment arrangements, estimating the fair value of equity instruments recorded as derivative liabilities, estimating useful lives of depreciable and amortizable assets and estimating the fair value of long-lived assets as to whether impairment charge may apply.
Revenue recognition	'
	The Company follows the guidance of the Securities and Exchange Commission’s Staff Accounting Bulletin (“SAB”) 104 for revenue recognition and Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition.”  Accordingly, the Company records revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the selling price to the customer is fixed or determinable and collectability of the revenue is reasonably assured.
	The Company’s sole source of revenue is derived from processing fees and the markup of goods purchased by customers through orders originated through the Company’s website. The Company recognizes revenues from the origination of the orders upon receiving confirmation that the third party vendors’ fulfillment process (delivery to customer) is complete. Customer deposits represents orders originated and Digital Currency payments received for orders that are not yet fulfilled.
	The Company has determined that it is not the primary obligor in any of the sales transactions it originates. The Company does not (i) have general inventory risk with respect to any of the goods that its customers purchase, (ii) take title to, or bear the risk of loss for, any goods that third party vendors ship to its customers, (iii) participate in the fulfillment of the sale, (iv) make representations regarding the suitability of products for its customers purposes, (v) modify any of the products purchased, or (vi) assume credit risk. Accordingly, the Company has determined, based on the weight of available evidence, that it is appropriate to record revenues on a net basis, which is equal to the amount of the processing fees, it earns plus the mark-up.
Income Taxes	'
	As a result of the Merger, beginning on February 5, 2014, the Company is taxed as a C Corporation. Prior to the Merger, the Company was a limited liability company, whereby the Company elected to be taxed as a partnership and the income or loss was reported by each respective member on their separate income tax returns. Therefore, no provision for income taxes has been provided in the accompanying condensed consolidated financial statements for periods prior to February 5, 2014.
	The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax liabilities and assets are determined based on the difference between the financial statement basis and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company estimates the degree to which tax assets and credit carryforwards will result in a benefit based on expected profitability by tax jurisdiction. A valuation allowance for such tax assets and loss carryforwards is provided when it is determined to be more likely than not that the benefit of such deferred tax asset will not be realized in future periods. Tax benefits of operating loss carryforwards are evaluated on an ongoing basis, including a review of historical and projected future operating results, the eligible carryforward period, and other circumstances. If it becomes more likely than not that a tax asset will be used, the related valuation allowance on such assets would be reduced.
Fair Value - Definition and Hierarchy	'
	In accordance with U.S. GAAP, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction in the principal or most advantageous market between market participants at the measurement date.
	In determining fair value, the Company uses various valuation approaches. In accordance with U.S. GAAP, a fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The valuation techniques are consistent with the market, cost or income approaches to measuring fair value. If more than one valuation technique is used to measure fair value, the results are evaluated considering the reasonableness of the range of values indicated by those results. The fair value hierarchy is categorized into three levels based on the inputs as follows:
	Level 1 - Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Valuation adjustments and block discounts are not applied to Level 1 securities. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these securities does not entail a significant degree of judgment.
	Level 2 - Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.
	Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement.
	The availability of valuation techniques and observable inputs can vary and is affected by a wide variety of factors including, the type of security, whether the security is new and not yet established in the marketplace, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Those estimated values do not necessarily represent the amounts that may be ultimately realized due to the occurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the securities existed. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for assets and liabilities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement.
	Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The Company uses prices and inputs that are current as of the measurement date, including periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many securities. This condition could cause an assets and liabilities to be reclassified to a lower level within the fair value hierarchy.
	The Company considers transfers between the levels within the fair value hierarchy when circumstances surrounding the fair value for a particular assets and liabilities conform to a different level of the fair value hierarchy than as previously reported. Whenever circumstances occur, whereby there is a transfer within the fair value hierarchy, the Company considers the date the event or change in circumstances occurred which caused the transfer.
Employee Stock-Based Compensation	'
	The Company accounts for stock-based compensation in accordance with ASC 718 Compensation - Stock Compensation ("ASC 718"). ASC 718 addresses all forms of share-based payment ("SBP") awards including shares issued under employee stock purchase plans and stock incentive shares. Under ASC 718 awards result in a cost that is measured at fair value on the awards' grant date, based on the estimated number of awards that are expected to vest and will result in a charge to operations.
Advertising Expense	'
	Advertisement costs are expensed as incurred and included in marketing expenses. Advertising expenses amounted to $26,241 and $89,700 for the three and nine months ended September 30, 2014, respectively.
Earnings per Share	'
	Basic earnings per share (“EPS”) is computed by dividing net loss applicable to common stock by the weighted-average number of common shares outstanding during the period.
	For purposes of calculating basic and diluted earnings per share, vested restricted stock awards are considered outstanding. Under the treasury stock method, diluted EPS reflects the potential dilution that could occur if securities or other instruments that are convertible into common stock were exercised or could result in the issuance of common stock. The following financial instruments were not included in the diluted loss per share calculation for the nine months ended September 30, 2014 because their effect was anti-dilutive:
		As of September 30,
		2014
	Common Stock options		6,201,472
	Common Stock warrants		875,000
	Series C Convertible Preferred		2,200,000
	Excluded potentially dilutive securities		9,276,472
Investment at Cost	'
	On March 20, 2014, the Company invested $150,000 into Series A preferred units of GoCoin, LLC (“GoCoin”). GoCoin is an international payment processor that enables merchants to accept Bitcoin, Litecoin and Dogecoin payments at the point of checkout in e-commerce transaction.  The investment is carried at cost in the accompanying condensed consolidated balance sheet. The Company does not merit a significant influence.
	The investment is carried at cost in the accompanying condensed consolidated balance sheet
	On May 9, 2014, the Company invested $50,000 into Series Seed preferred units of Bitvault, Inc (“Bitvault”). The Company does not maintain significant influence. The investment is carried at cost in the accompanying condensed consolidated balance sheet.
	No gains or losses have been recognized during the nine months ended September 30, 2014.
Note Receivable	'
	Note Receivable
	On July 10, 2014, the Company entered into a Convertible Note Purchase Agreement (the “Purchase Agreement”) with Express Technologies, Inc. (“Express Technologies”) pursuant to which the Company purchased a note receivable in the principal amount of $150,000 (the “Note”).  The note receivable is carried at cost in the accompanying condensed consolidated balance sheet. The Note accrues interest at 5% per annum and matures on July 10, 2015.  Upon the occurrence of Express Technologies' next preferred equity financing in which Express Technologies receives gross proceeds of at least $750,000 (the “Financing”), the entire outstanding principal amount and accrued but unpaid interest (the “Conversion Amount”) on the Note shall automatically be converted into such number of shares of Express Technologies’ preferred equity equal to the greater of (A) the Conversion Amount divided by the product of: (i) the per share price of the securities offered in the Financing and (ii) 0.85 and (B) the Conversion Amount divided by an amount equal to $9,000,000 divided by Express Technologies’ Fully Diluted Capitalization (as defined in the Note).  In the event a Financing does not occur prior to the maturity of the Note, the Company may elect to convert the Note into such number of shares of common stock as shall equal: (A) the Conversion Amount as of the Maturity Date divided by (B) an amount equal to $9,000,000 divided by Express Technologies’ Fully Diluted Capitalization immediately prior to the Maturity Date. The conversion option does not have to be bifurcated as it does not meet the definition of a derivative (not readily convertible into cash).
Preferred Stock	'
	The Company applies the guidance enumerated in ASC 480 “Distinguishing Liabilities from Equity” when determining the classification and measurement of preferred stock. Preferred shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. The Company classifies conditionally redeemable preferred shares (if any), which includes preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control, as temporary equity. At all other times, the Company classifies its preferred shares in stockholders’ equity. The Company’s preferred shares do not feature any redemption rights within the holders’ control or conditional redemption features not within the Company’s control as of September 30, 2014. Accordingly all issuances of preferred stock are presented as a component of condensed consolidated stockholders’ equity.
Convertible Instruments	'
	The Company has evaluated the Series C Convertible Preferred Stock (“Preferred Stock”) conversion component of the Private Placement and determined it should be considered an “equity host” and not a “debt host” as defined by ASC 815, Derivatives and Hedging. This evaluation is necessary in order to determine if any embedded features require bifurcation and, therefore, separate accounting as a derivative liability. The Company’s analysis followed the “whole instrument approach,” which compares an individual feature against the entire preferred stock instrument which includes that feature. The Company’s analysis was based on a consideration of the Preferred Stock’s economic characteristics and risks and more specifically evaluated all the stated and implied substantive terms and features including (i) whether the Preferred Stock included redemption features, (ii) whether the preferred stockholders were entitled to dividends, (iii) the voting rights of the Preferred Stock and (iv) the existence and nature of any conversion rights. As a result of the Company’s determination that the Preferred Stock is an “equity host,” the embedded conversion feature is not considered a derivative liability.
Recent Accounting Pronouncements	'
	The Financial Accounting Standards Board (“FASB”) has issued Accounting Standards Update (“ASU”) No. 2014-12, Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. This ASU requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The adoption of this standard is not expected to have a material impact on the Company’s condensed consolidated financial position and results of operations.
	The FASB has issued ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The guidance, which is effective for annual reporting periods ending after December 15, 2016, extends the responsibility for performing the going-concern assessment to management and contains guidance on how to perform a going-concern assessment and when going-concern disclosures would be required under U.S. GAAP.  The Company has elected to early adopt the provisions of ASU 2014-15 in connection with the issuance of these unaudited condensed consolidated financial statements.
Subsequent Events	'
	Subsequent events have been evaluated through the date of this filing.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2014
Summary Of Significant Accounting Policies Tables	'
Earnings per share	'
		As of September 30,
		2014
	Common Stock options		6,201,472
	Common Stock warrants		875,000
	Series C Convertible Preferred		2,200,000
	Excluded potentially dilutive securities		9,276,472

Property_And_Equipment_Net_Tab

Property And Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2014
Property And Equipment Net Tables	'
Property And Equipment, Net	'
		30-Sep-14			31-Dec-13
	Equipment	$	12,305		$	4,000
	Computer		3,469			-
	Digital currency mining hardware		42,545			-
	Website development		144,796
	Accumulated depreciation		(3,411	)		(444	)
	Property and equipment, net	$	199,704		$	3,556

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Liabilities measured at fair value on a recurring basis	'
		Fair value measured at September 30, 2014
		Total carrying value at September 30,			Quoted prices in active			Significant other			Significant
					markets			observable inputs			unobservable inputs
		2014			(Level 1)			(Level 2)			(Level 3)
	Digital Currencies	$	209,418			209,418			-		$	-
Changes in Level 3 liabilities	'
	Balance - January 1, 2014	$	-
	Fair value of warrant liability on date of issuance (February 6, 2014)		227,239
	Change in fair value of warrant liability immediately before reclassification		(204,957	)
	Reclassification of derivative liability warrant		(22,282	)
	Balance - September 30, 2014	$	-
Fair value valuation methodology	'
	Date of valuation	6-Feb-14			31-Mar-14			30-Jun-14
	Fair value of common stock	$	0.44		$	0.32			0.17
	Dividend yield (per share)		0	%		0	%		0	%
	Strike price	$	1		$	1			1
	Volatility (annual)		74	%		74	%		71	%
	Risk-free rate		0.66	%		0.93	%		0.88	%
	Expected life (years)		3			2.9			2.7

Stock_Based_Compensation_Table

Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2014
Stock Based Compensation Tables	'
Stock option activity to employees	'
		Number of Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value per Share		Avergae Remaining Contractual Life		Average Intrinsic Value
	Outstanding at December 31, 2013		-	$	-	$	-		-	$	-
	Granted		6,201,472		0.5		2.88		5		-
	Expired		-		-		-		-		-
	Forfeited		-		-		-		-		-
	Outstanding at September 30, 2014		6,201,472	$	0.5	$	2.88		4.3	$	-
	Exercisable as of September 30, 2014		-						-

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2014
Commitments And Contingencies Tables	'
Future minimum lease payments	'
	2014	$	13,434
	2015		23,900
	Total Lease Commitment	$	37,334

Business_Organization_and_Natu1

Business Organization and Nature of Operations (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Date incorporation	28-Jul-13
Shares issued for membership interests	100,773,923
Common stock, par value	$0.00

Liquidity_Financial_Condition_1

Liquidity, Financial Condition and Managementbs Plans (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'	'
Net cash used in operating activities	$1,149,042	'
Net loss	6,600,000	'
Cash	111,611	9,052
Working capital	$400,000	'

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details)	Sep. 30, 2014
Anti dilutive shares excluded	9,276,472
Common Stock Option [Member]	'
Anti dilutive shares excluded	6,201,472
Common Stock Warrant [Member]	'
Anti dilutive shares excluded	875,000
Series C Convertible Preferred [Member]	'
Anti dilutive shares excluded	22,000,000

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Detail Narrative) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Private Placement units granted	'	3,750,000
Advertisement costs	$26,241	$89,700
Investments at cost	'	350,000
Amortization costs	1,245	2,946
GoCoin [Member]	'	'
Investments at cost	'	150,000
Bitvault [Member]	'	'
Investments at cost	'	50,000
Express Technologies [Member]	'	'
Investments at cost	'	150,000
Note interest rate	'	5.00%
Gross proceeds conversion inducement	'	$750,000
Common Stock Warrant [Member]	'	'
Private Placement units granted	'	1,875,000

Property_And_Equipment_Net_Det

Property And Equipment, Net (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Property and Equipment	'	'
Furniture and equipment	$12,305	$4,000
Computer	3,469	'
Digital currency mining hardware	42,545	'
Internally developed software	144,796	'
Less: accumulated depreciation	-3,411	-444
Property and equipment, net	$199,704	$3,556

Property_and_Equipment_Details

Property and Equipment (Details Narrative) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Property And Equipment Details Narrative	'	'
Depreciation expense	$2,011	$2,967

Shareholders_Equity_Details_Na

Shareholders' Equity (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2014
Par value	$0.00
Series B Preferred Stock [Member]	'
Aggregate capital contributions	$8,000
Common stock, capital contributions	51,758,563
Series B designation, authorization for issuance	400,000
Shares of stock converted from Series B to common stock	400,000
Converted common stock	40,000,000
Private placement, shares sold	3,750,000
Private placement purchase price	$1
Private placement offering costs	62,000
Reclassified derivative liabilities to additional paid in capital	$22,282
Series C preferred stock converted	1,550,000
Warrants exchanged for common stock	1,000,000

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Sep. 30, 2014
Digital currencies	$209,418
Level 1 [Member]	'
Digital currencies	209,418
Fair Value, Inputs, Level 2 [Member]	'
Digital currencies	'
Fair Value, Inputs, Level 3 [Member]	'
Digital currencies	'

Fair_Value_Measurements_Detail1

Fair Value Measurements (Details 1) (Fair Value, Inputs, Level 3 [Member], USD $)	9 Months Ended
	Sep. 30, 2014
Fair Value, Inputs, Level 3 [Member]	'
Beginning balance	'
Fair value of warrant liabilitiy on date of issuance	227,239
Fair value adjustments for warrant liabilities	-204,957
Change in fair value of warrant liabilitiy immediately before reclassification	-22,282
Ending balance	'

Fair_Value_Measurement_Details

Fair Value Measurement (Details 2) (Fair Value, Inputs, Level 3 [Member], USD $)	9 Months Ended
	Sep. 30, 2014
February 6, 2014 [Member]	'
Fair value of common stock	$0.44
Dividend yield (per share)	$0
Strike price	$1
Expected volatility	74.00%
Risk-free interest rate	0.66%
Expected life (in years)	'3 years
June 30, 2014 [Member]	'
Fair value of common stock	$0.17
Dividend yield (per share)	$0
Strike price	$1
Expected volatility	71.00%
Risk-free interest rate	0.88%
Expected life (in years)	'2 years 8 months 12 days

Stock_Based_Compensation_Detai

Stock Based Compensation (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Options	'
Outstanding at beginning of period	'
Granted	6,201,472
Expired	'
Forfeited	'
Outstanding at end of period	6,201,472
Exercisable at end of period	'
Weighted Average Exercise Price	'
Outstanding at beginning of period	'
Granted	$0.50
Expired	'
Forfeited	'
Outstanding at end of period	$0.50
Outstanding at beginning of period	'
Granted	$2.88
Expired	'
Forfeited	'
Outstanding at end of period	$2.88
Weighted Average Remaining Contractual Term	'
Granted	'5 years
Outstanding at end of period	'4 years 3 months 18 days
Outstanding at end of period	'
Granted	'

Stock_Based_Compensation_Detai1

Stock Based Compensation (Details Narrative) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Mar. 31, 2014
			Equity Incentive Plan [Member]	Equity Incentive Plan [Member]
Common stock issuable	'	'	'	15,503,680
Grant date fair value of stock options	'	'	$17,860,239	'
Expected dividend yield	'	'	'	0.00%
Exercise price	'	'	'	$0.50
Expected volatility	'	'	'	73.90%
Risk-free interest rate	'	'	'	0.69%
Expected life (in years)	'	'	'3 years 6 months	'
Stock-based compensation expense	42,247,800	5,814,963	'	'
Unrecognized compensation cost	$12,045,277	$12,045,277	'	'

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	Sep. 30, 2014
Future minimum lease payments	'
2014	$13,434
2015	23,900
Total Lease Commitment	$37,334

Commitments_and_Contingencies_2

Commitments and Contingencies (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2014
Commitments And Contingencies	'
Security deposit	$4,815
Monthly rent payment	$4,815