This fortnight’s blogging musings include … Arguments for and against CeFi [Part One] Russell Brand had a big rant against Central Bank Digital Currencies (CBDCs) the other day, claiming that digital, programmable money combined with a digital identity is a fantastic way for governments to place you in a digital straitjacket. Are fiat currencies dead?…
Most of us dream of being millionaires or, these days, billionaires. Unlimited wealth = unlimited fun! However, the reality is that this is not the case. Seven our of ten lottery winners end up broke and a third go on to declare bankruptcy, according to the National Endowment for Financial Education. Runaway spending, toxic investments…
The year is 2122. The world has changed. The world is still here, just, but the frozen North and South is no longer frozen. The Earth is boiling. In terms of economics, China rules; India has surpassed America; Africa is still rising; whilst Europe is a mess. The Royal Family has disappeared and over a…
FedNow is a new faster payments service for America. It’s been developing for years, and will go live in 2023 and yet, in conversation with an American friend, only 1 in 10 banks are ready for this. Why? Well, the issue lies in change. Fast change or slow change? In fact, a friend recently resigned…
When I wrote Digital Human, I got hauled up for saying that money replaced barter. It is a commonly held belief that humans evolved from nomads to farmers to cities and that, as they became civilised, they bartered bread for meat. However, that proved difficult if the butcher didn’t want meat, so how would that…
I said yesterday that, for the moment, I’ll stick with fiat currencies as cryptocurrencies are generally quite messy when used for retail purchases. And no, I’m not speaking as an observer but as a user. To buy my Watford football shirt, I had to open an account with a crypto app – which I’ve never…
Russell Brand had a big rant against Central Bank Digital Currencies (CBDCs) the other day, claiming that digital, programmable money combined with a digital identity is a fantastic way for governments to place you in a digital straitjacket. It’s a very convincing discussion with over a million views in just a few days. Russell’s humorous…
I was tempted to write about this, but many others have. In particular, I received a post from Dan Ashmore, crypto analyst at Invezz, which I thought was worth sharing. To begin with, if you’re not aware, there’s a massive war taking place in cryptoland. As bitcoin and other crypto prices dive, exchanges and key figures…
