Akron native Mike Carson founded Akron, the Bitcoin wallet named after this hometown. (Submitted)

Mike Carson is a domain name investor — he buys them to sell later — so naturally, he bought Akron.io in honor of the city of his birth.

Now, the New Jersey resident is putting it to use, naming his new bitcoin wallet Akron.

“It sounded like a good name,” he said. “I named it after my hometown.”

Carson, a Cuyahoga Falls High School graduate, said he practices cypherpunk ideals, a movement using technology to effect change. 

He also wants to restart the social networking site Friendster. He purchased the domain name after the previous owner abandoned its trademark. More on that below.

Akron, the bitcoin wallet, is the first that supports the Spaces Protocol, which Carson also founded. Spaces is a decentralized naming system that lets people own their online name in a way they can’t on Instagram, Facebook or elsewhere.

Akron in 330

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Carson said he’s gotten plenty of positive feedback since Akron launched in May. He’ll measure success in the number of names registered.

“Right now, it’s building the community, it’s getting more and more people interested,” he said. “It’s not many yet.”

Mayor Shammas Malik, when told about the other Akron, said, “I wish that person the best.” 

Carson, 48, said he became interested in bitcoin after witnessing his parents’ financial instability. They constantly contended with overdraft fees, so he liked the idea of accessing money without a middleman.

“I’ve carried that, I think, around a while,” he said. “I was really resentful, when I was younger, of banks.”

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Back to Friendster, where Carson said there’s a 400,000-person waitlist.

He’s still working on the best way to scale it. Carson is considering requiring an in-person connection to join. 

After all, he said, it’s hard to distinguish between real people and bots, so why not make people meet in person and touch phones to connect?

“Social media has become poisonous in a lot of ways,” he said. “I thought it’d be nice to return it to some of the good.”

Economics of Akron Reporter (she/her)
Arielle is a Northeast Ohio native with more than 20 years of reporting experience in Cleveland, Atlanta and Detroit. She joined Signal Akron as its founding education reporter, where she covered Akron Public Schools and the University of Akron.
As the economics of Akron reporter, Arielle will cover topics including housing, economic development and job availability. Through her reporting, she aims to help Akron residents understand the economic issues that are affecting their ability to live full lives in the city, and highlight information that can help residents make decisions. Arielle values diverse voices in her reporting and seeks to write about under-covered issues and groups.