I have been looking at tradingview.com charts almost hypnotized for the last week, just to see this intriguing pattern developing before my eyes. While the rise of the bitcoin was [...]
What is the essence of a zero-sum game? Wikipedia: A zero-sum game is a mathematical representation of a situation in which each participant's gain or loss of utility is exactly [...]
In principle, you can use Bitcoin to pay for things electronically. Bitcoin turns out to be a clunky, slow, costly, and - due to its volatility - a very uncertain [...]
Since the meteoric rise of the bitcoin, and especially after it entered "black tulip"-type speculative territory in q4/2017, I have been asked multiple times by family members, friends and work [...]
Mintchip and cryptocurrcies urge us to better understand how money and payments relate. We have taken both for granted as separate topics; but they are like two sides of the same coin. Mintchip can provided useful insights in existing payment practices.
By clicking a link in a interesting article by Techcrunch I stumbled upon "Our Comrade The Electron" - Webstock Conference Talk by Maciej Ceglowski. Excellent presentation, intriguing narrative and great observations on our relation with technology.
Walking to the office this morning it struck me that the evolution of (physical) currency in relation to payments could show us the long term development of digital money as well: step by step the currency has been developing until at a certain moment in time the transaction will be done directly between the payer and the payee.
...you could miss the major contribution of bitcoin as it presses us to reassess the way we have been doing things for years where all those little and some bigger inconveniences build into the current payment industry have to be discussed again and seen for the real merit they have.
Once in a while I listen to Daring Fireballs' podcast The Talk Show by John Gruber. Walking to my office today I started to listen to episode #74, I kept [...]
„Is technology governing us or are we governing technology?” GalleryAdaptability, Balance Group vs Individual, Circumstances, Collaborability, Decision Making, Evolution, Homo Collaborans, Human Abilities, Mega Trends, Question of the day
„Is our political system capable of managing rapid technological change?” When pressed I would be tempted to answer the question with a resounding YES! for I see abundant evidence around me we have done so very successfully. Actually it is one of the core abilities we humans have to adapt to changing conditions.
Whether you think in terms of “ the creation of a world of plenty” or “the disappearance of the middle class” in both scenarios the distribution of the wealth available will have to be dealt with politically.
A year ago, in march 2013, the US Department of the Treasury Financial Crimes Enforcement Network (FINCEN) published a paper FIN-2013-G001 on crypto currency defacto regulating bitcoin in the US [...]
The removal of the middle man function in an exchange based on the bitcoin protocol does not automatically lead to the disappearance of the companies (and their interests) performing these today. The middle man function will slowly but surely erode with the advent of the bitcoin protocol, the middle man of today (parties) will be the gate(way)keepers of tomorrow.
Many years ago in a contribution to a corporate strategy I postulated payments should be redefined to the “transfer of property rights”. At that time smart metering for utilities and [...]
Our societies and economies are impacted heavily by technological change, they always have been. While some technologies - like the bitcoin protocol - allow for smaller economic actors to be relatively more economically viable then before other developments go in different directions.
Question of the day (III) Let’s be honest; if a long time senior payments professional asks the title question after you have spend an hour explaining the significance of the [...]
The acceptance of Bitcoin protocol currencies and Ripple like networks is dependent on trust even if trust is said not to be necessary for the value to be transferred between two actors. Neglecting this will hamper adoption of the Bitcoin protocol by the masses.
(1 minute reading time + 15+ minutes external article) As with Marc Andreessen's article "Why bitcoin matters" from three weeks ago I can recommend an other landmark article on crypto [...]
Often antitrust is connected to behaviour in the disadvantage of competitors – and hence the dis-economies this brings for consumers – we should have a wider perspective at the (potential) negative impact companies have on society. Slowly but surely we should start looking at the disadvantages to society’s ability to collaborate as well.
(4 minutes reading time) Picking up the glove I threw in front of myself in my previous post on Clinkle to describe “the contours of the ultimate payment method” I [...]
(3 min. read) The oldest post on Red Planet Dust is dated Februari 6, 2013. This post will constitute the 125th in a very divers row, just 3 weeks shy [...]
(4 min. read) FinExtra today covers the introduction of the MintChip in Canada: “Royal Canadian Mint demos digital currency.” Questions arise: why are we talking currency here? what is “digital [...]
To make bitcoin payments or receive bitcoins the payer and payee both need to have a bitcoin wallet (at a connected computer) at their disposal and the payer the necessary [...]
In yesterdays post I indicated that I have to overcome myself if I want to create the foundations for my theory on “collaborability” and to translate this theory to practical [...]
Now, with the media hype about bitcoin residing a little over the last two weeks it is time to get into the reflective mode. Today Leika Consult releases the first [...]