Crypto

I am taken aback by the rise of ETH, BTC, DOGE and other currencies. What’s going on? Well, some of it is related to hype, notably Elon Musk; some to loss of confidence in fiat currencies, as governments failed during the crisis; some is related to the fact that banks are now jumping on the…

I don’t know how your life has changed in the last year, but I realised how much mine had when I woke up this morning and thought must go and buy dog food. A year ago, I didn’t have a dog and my first thought would have been I must get to the airport to…

I found this article from The Asia Times interesting. It discusses the idea that China is trying to displace the US dollar as a reserve currency. Difficult. The US dollar represents over 60 percent of all currency reserves around the world. For more, check Wikipedia The euro is 20 percent and yuan/renminbi doesn’t even register. But…

I’ve always watched the Oscars and heard that the celebs get a bag of high value goodies worth lots, and wondered: what’s in the bag of goodies? So I was interested when I received a press release detailing what’s in an Oscars’ bag. It came from Distinctive Assets, an LA-based entertainment marketing company, highlighting that…

I got a bit itchy during the weekend and ended up sitting and writing about bitcoin, dogecoin, crypto and more. It all started when I caused a twitter debate by posting this tweet: Highly recommended for central banks and governments pic.twitter.com/K880JWavCD — Chris Skinner (@Chris_Skinner) April 17, 2021 It caused quite a reaction with people…

I was reflecting, which is dangerous. I was reflecting on my antipathy towards bitcoin as, like most bankers, it appeared to be a bit of a scam with no asset behind it. Then I woke up to what the libertarians have been saying to me all along: any currency is a scam. The US dollar…

I’ve not talked much about bitcoin on the blog lately*, but I have tweeted a lot about it. The key take-away? It’s not going away. People have said bitcoin is dead thousands of times. In fact, there’s a website dedicated to the subject, tracking and tracing the death of bitcoin: Most Recent Death: Cryptocurrencies –…

Welcome to the World of Next A few years ago, a friend of mine had an idea. It was to create a digital exchange between anything that anyone believed was of value. You may value USD, €, CN¥ or other currencies. Equally you may value BTC, ETH, XRP or other cryptocurrencies. For some, we value…

In a fascinating move Venezuela, which has been a basket-case economy ever since Hugo Chavez died in 2013, has dropped their national currency (the bolivar) and any ties to the US dollar, and decided to link their national currency to bitcoin instead. This follows years of hyperinflation where the bolivar – both the old and…