Fintech in the news #2

A few links of interest this past week:

Fintech in the news #1

I am retiring the previous list name “Cryptocurrency in the news” because I think that fintech (financial technology) is a more accurate, all encompassing term for this space.  There are other possible names like “dapps” (decentralized applications) however I prefer fintech because decentralization may not be what the market chooses as an end game.

Some links of interest:

Cryptocurrency in the news #27

One of the most interesting story this week is commentary from Robert Sams, “Some Crypto Quibbles with Threadneedle Street,” who discusses the marginal costs of mining and addresses some of the statements from last weeks Bank of England papers.

Also, a couple of interesting emails/thread from the past from Gavin Andresen and Mike “Hearn: My first message to Satoshi…

Below are stories and posts from over the past week that are related to digital currencies.  Linking does not constitute endorsement of service, coin or project.

[Note: creating a “Better Business Bureau” or Consumer Reports of Bitcoin is in its nascent stage via Proof-of-Developer and Coinist and Coin Source Trust Index.]

Cryptocurrency in the news #26

Closing tabs.  Some China related news scattered below as well.

The Bank of England published a couple of papers that have been making the rounds.  One area of contention, by some, is a section in the 2nd paper The sustainability of digital currencies’ low transaction fees which discusses some of the issues brought up in Chapter 3.

Link is not an endorsement of service or coin.

Cryptocurrency in the news #25

Closing tabs.

If you’re interested in a blast from the past — to see just how fast the cryptocurrency space has moved in the past 16 months, look at the list of Panelists and Speakers from the San Jose 2013 conference and the projects they were working on.  Or is the more appropriate word, “pivoting?”

Below are links of interest and are not an endorsement for services:

Cryptocurrency in the news #24

Closing tabs.

Got an email asking me more about the War of Spanish Succession related to gold.  My point on that panel wasn’t so much that France only used gold, but their finances were directly tied to specie (technically the French livre was in two forms: silver écu and gold Louis d’or; see also Livre tournois).  The reason I brought it up at all is because of the meme today, that Bitcoin would somehow prevent war because it neutralizes the states ability to expand its money supply, etc..  It won’t though.  Probably a better historical example are European countries from mid-19th century which adopted some form of a gold standard, yet then went on to wage a global war eventually dropping the peg altogether.  Be sure to read a new article from The Economist that discusses this, “Not floating, but flailing.”

Thanks to Izabella Kaminska (follow her on Twitter) and Zaki Manian for a couple links.

Also, be sure to check out Izabella’s thread today on Coinbase.  Based on a conversation with one lawyer I had two weeks ago it looks like a big legal challenge for Coinbase (and others in their vertical) is that they’re acting as depository institutions without having gone through the necessary “Safety & Soundness” tests which opens them up to legal action from a variety of state/federal agencies.

Cryptocurrency in the news #23

Closing tabs.

A few interesting stories, the first of which is from The Economist, “The dollar’s sterling work.”  One notable passage from the article is, “people exaggerate the importance of the yuan. Just $0.3 trillion of Chinese assets are open to foreign investors, compared to $56 trillion of American ones. That makes the yuan a poor candidate for a global reserve currency.”

As I explored in chapter 13, Bitcoin adopters who continue to claim bitcoin will become a reserve currency usually do not understand how or what foreign currency reserves are.  The Chinese RMB, not bitcoins, has a more probable future as a reserve currency and as discussed by The Economist and others cited in chapter 13 (such as Patrick Chovanec), this is not going to happen anytime soon for the RMB, if ever.

I also recommend reading through “Inside Visa’s Data Center” published last year to give you an idea of the quality and security of their network.  Significantly different (42 firewalls, mirrored center in Midwest) than the cartoon caricature that some vocal “decentralize the worlders” claim it as.

Thanks to Izabella Kaminska and others for a couple of the links.


Cryptocurrency in the news #21

Closing tabs.  Links do not constitute an endorsement of the service or coin.

Cryptocurrency in the news #20

Closing tabs, below are some stories and links that at least tangentially intersect with this space.  Also, great post by Richard Brown: A simple explanation of fees in the payment card industry

Cryptocurrency in the news #19

sunny-gaspricesClosing a bunch of my tabs, I only posted a few of these links in my book.

First link must have been inspired from the picture by Mac in It’s Always Sunny in Philadelphia.

Thanks to Dave Harrison and others for a couple links below:

Cryptocurrency in the news #18

There is an excellent post from Richard Gendal Brown last week, “Why the payment card system works the way it does – and why Bitcoin isn’t going to replace it any time soon.”

Below are some other interesting links I have come across or were sent to me:

Cryptocurrency in the news #17 (and some on China)

Lot of interesting stories the past couple of weeks but I need to close some tabs.  One older post of interest — for you statistics buffs — comes from Distributome Data & Activity: Horse Kicks which describes the use of a Poisson distribution to model how Prussian Calvary officers were kicked and killed by horses between the years 1875 and 1894.

Other notable links related to China as well cryptocurrencies (and sometimes both):

Cryptocurrency in the news #16

Some relevant news of interest as I close some tabs:

Cryptocurrency in the news: #14

I have been pretty busy this past week on China-related activities, but below are some interesting stories, projects and companies I came across concerning the growing cryptocurrency ecosystem.

Of particular interest is the follow-up piece from Preston Byrne (one of the lawyers who helped me with Chapter 2, hire him, he’s brilliant): Bitcoin and the English legal system, part II

Probably the weirdest article was this one calling for Dogecoin to become the “national” currency of Venice (due to a historical spelling similarity).  If this doesn’t illustrate “jumping the shark,” I don’t know what else can.  But then again, I’m just one market participant.

Thanks to Petri Kajander and Andrew White for several of the links:

Cryptocurrency in the news: #13

Several links of interest from over the past few days:

Another Brick in the Wall: Link Edition #57

shanghai university of sport
Catching up with a couple non-crypto Chinese-related news that was on a hiatus since last December.

That last link is probably best viewable in Chrome, it is a write-up of my presentation I gave in December (see the video & slides below):

Another Brick in the Wall: Link Edition #56

The air this past month in China and in particular, the Yangtze River Delta area (which includes Shanghai, Suzhou, Wuxi and Nanjing) has been incredibly bad.  The worst in 50 years.  I remember 2 weeks ago I couldn’t see the top of my apartment building in Changning district.  While the air pollution is actually created outside of the city (sometimes by coal-fueled power plants, others from farmers burning left over crops), it has lingered over the eastern coast creating misery for millions.  For a real-time view of the air quality indices in China visit AQICN.

Another Brick in the Wall: Link Edition #55

That’s a lot of cars sold last month and those Android numbers are huge (though misleading too).  The air pollution has been pretty horribad this past week, had to stay indoors nearly everyday.

Thanks to James M for some links.

Science & Technology Roundup: #4

I’ve heard “graphene” is the savior of the semiconductor industry for over five years now.  I’ll believe it when I see it.  The age article is interesting too.

Science & Technology Roundup: #3

Several neat publications and announcements — can’t wait for Bluetooth 4.1 (and USB 3.1) to make it into consumer gear in the next year.

Another Brick in the Wall: Link Edition #54

The biggest news this past week has been the huge rise in cryptocurrency prices (BTC & LTC) pushed in part by the Chinese exchanges.  Both BTCChina and OKcoin now have higher volume/liquidity than any other market and region on the globe.  To give you an idea of what that competitive niche is like, check out BTC123 and Hao123 (both in Chinese).

Science & Technology Roundup: #2

Lots of interesting research and discoveries the past 10 days:

Another Brick in the Wall: Link Edition #53

No big business news again this past week, but several interesting stories and anecdotes.  Thanks to James M, Suzanne F and Sinocism for a couple links.

Another Brick in the Wall: Link Edition #52

Bitcoin was the hot topic this past week, hitting an all-time high at around 7,000 RMB two days ago which is more than $1,100.  It has since dropped by more than half.

Science & Technology Roundup: #1

In addition to reading Asia-related business I typically read through a number of online periodicals regarding science and technology topics.  While this is a side hobby some readers may be interested in this segment as well.  Feel free to send me stories as some of you have with China.