What amazes me about the banking system is that the banking system does not believe it needs to change. It does not believe it is being disrupted by technology. It is dismissive of many new start-ups and innovators. And it points to past performance for the reasons why. There has been no major disruption in…
I find it interesting to see so many people believing that bitcoin is dead because MTGox died. Listen: MTGox was a flaky, insecure trading platform for Bitcoins, but it isn’t bitcoin. MTGox was killed by a couple of bots called Willy and Markus, that’s how flaky MTGox was. However, the death of MTGox along with…
Building to the theme of the divide between the old world of finance and the new, and why (some) banks aren't fit for the 21st century, brings a few more points to mind, in particular about control and centralisation. Banks were built as control freaks. They need to own the complete end-to-end cycle of everything….
Building to the theme of the divide between the old world of finance and the new, and why (some) banks aren't fit for the 21st century, brings a few more points to mind, in particular about control and centralisation. Banks were built as control freaks. They need to own the complete end-to-end cycle of everything….
Building on yesterday’s theme about how a cheque from Canada has taken six weeks to process and had significant processing charges taken from the deposit as a result, reminds me of Heidi Miller’s speech from SIBOS 2004, which is still talked about today. What did Heidi say that was so compelling? She basically asked why…
Building on yesterday’s theme about how a cheque from Canada has taken six weeks to process and had significant processing charges taken from the deposit as a result, reminds me of Heidi Miller’s speech from SIBOS 2004, which is still talked about today. What did Heidi say that was so compelling? She basically asked why…
Things we're reading today include … Bitcoin news: Man called Bitcoin's father denies ties, leads LA car chase Creator of Bitcoin 'found' in US Bitcoin not a currency says Japan Police investigating 'unnatural' death of Bitcoin exchange chief Autumn Radtke Other news: FCA outlines crowdfunding rules Crowdfunding rule angers industry Icahn says fight for PayPal…
Things we're reading today include … Bitcoin news: Man called Bitcoin's father denies ties, leads LA car chase Creator of Bitcoin 'found' in US Bitcoin not a currency says Japan Police investigating 'unnatural' death of Bitcoin exchange chief Autumn Radtke Other news: FCA outlines crowdfunding rules Crowdfunding rule angers industry Icahn says fight for PayPal…
As mentioned in the previous two blog entries: Why governments will fail to block the emergence of cryptocurrencies such as Bitcoin What can you buy with a bitcoin? (we have a whole Bitcoin section on the blog if interested) Jon Matonis, Executive Director with the Bitcoin Foundation, spoke at our Polish Financial Services Club meeting…
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