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How to regulate a Decentralised Autonomous Organisation (DAO)

Anton Golib, Founder & President of SwissAssetDAO, just dropped an interesting update on DAO. What is a DAO? Well, let’s turn to Wikipedia: A decentralised autonomous organisation, sometimes called a decentralised autonomous corporation, is an organisation managed in whole or in part by decentralised computer program, with voting and finances handled through a blockchain. In general…

Goldman Sachs: “At the end of the day, we are a purely digital business”

I enjoyed listening to the Odd Lots podcast from Bloomberg this week, as they were interviewing Marco Argenti, the Chief Information Officer at Goldman Sachs about AI. They even transcribed the whole thing. As AI in banking is my big 2024 subject, I listened to the podcast, read the transcript, got the t-shirt and wear the…

The Finanser’s Week: 5th August – 12th August 2024

This week’s main blog discussions include … Does the US Presidential race hinge on crypto? I don’t like blogs on a Saturday – we should be relaxing – but this X update from one of the Winklevoss twins (Tyler) caught my eye and so I just thought I would leave it here. Here’s what Tyler…

Will the US Presidential race hinge on crypto?

I don’t like blogs on a Saturday – we should be relaxing – but this X update from one of the Winklevoss twins (Tyler) caught my eye and so I just thought I would leave it here. Here’s what Tyler posted: Today, the Fed confirmed that Operation Choke Point 2.0 remains in full swing, provided…

Is gold a currency or an asset?

On landing home recently, I had a run-in with the customs officer at the airport. A long and delayed flight followed by a lost bag had made my irritation levels overflow. Then, upon leaving the airport, the customs inspector asked me about my bags and I said “get lost”. BIG MISTAKE. The next thing I…

Black Mirror, Season 7, Episode 3: The Trust Token (faked script)

For those who are fans of Black Mirror, I just got news of the forthcoming Netflix Series 7. As usual, it is a dark anti-tech futuristic vision, but I was particularly intrigued by the script of Episode 3: the Trust Token*. The theme is that, in the near future, as Earth globalises and integrates, we ditch…

The problem with Japan

After years of travelling the world, I find it interesting how countries differ. For example, having moved to Poland a few years ago, Polish people are not good at being arrogant. They are pretty humble, tbh. This means they are not good at marketing and selling in general. Sure, there are exceptions, but I find…

The growth of branches

Whilst most banks are closing branches, JP Morgan Chase are opening new ones in the USA. Why? My LinkedIn friend Arcady Lapiro, CEO and founder of Agora, explains: Wondering where JPMorganChase Chairman and CEO Jamie Dimon will be jet-setting in the next couple of weeks? Here’s a hint: think “Small Town, USA.” Kicking off today,…

Digital is a journey, not a destination

I find it interesting that most reportage of fintech is very much B2C focused. We talk a lot about Stripe, Adyen and Klarna; we talk about A2A, P2P and PIS; we talk a lot about challenger banks and neobanks; we talk a lot about retail and consumer markets. We don’t talk so much about B2B…

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