31 01, 2018

Yes, Bitcoin should be considered a competitive zero-sum game

2018-02-01T12:42:01+00:00January 31st, 2018|Categories: Against the tide, Bitcoin|Tags: , , , |

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 [...]

25 01, 2018

Bitcoin revisited: “What do you think about bitcoin? Should I ….”

2018-02-01T12:45:11+00:00January 25th, 2018|Categories: Bitcoin, Question of the day|Tags: , , |

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 [...]

8 04, 2014

R.I.P. Mintchip?

2016-11-16T10:46:36+00:00April 8th, 2014|Categories: Bitcoin, Electronic Wallet, Payments|Tags: , , , , , , , , |

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.

23 03, 2014

Technology, government and incongruous prophesies revisited

2016-11-16T10:46:37+00:00March 23rd, 2014|Categories: Balance Group vs Individual, Evolution, Human Abilities, Human Nature, Mega Trends, Psychology|Tags: , , , , , , , , , , |

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.

17 03, 2014

Evolution of currency predicts path (r)evolution of digital money

2016-11-16T10:46:37+00:00March 17th, 2014|Categories: Bitcoin, Evolution, Government, Human Abilities, Next Payments, Payments, Society, Trust, Updated posts|Tags: , , , , , , , , , , , , , , , , , , , |

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.

14 03, 2014

Bitcoin: „Look the emperor has no cloths!”

2016-11-16T10:46:38+00:00March 14th, 2014|Categories: Bitcoin, Electronic Wallet, Payments|Tags: , , , , , , , , , , , |

...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.

12 03, 2014

„Money is not gravity” or bitcoins potential – The Talk Show #74

2015-02-04T08:39:38+00:00March 12th, 2014|Categories: Bitcoin, Trust|Tags: , , , |

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 [...]

11 03, 2014

„Is technology governing us or are we governing technology?”

2016-11-16T10:46:38+00:00March 11th, 2014|Categories: Adaptability, Balance Group vs Individual, Circumstances, Collaborability, Decision Making, Evolution, Homo Collaborans, Human Abilities, Mega Trends, Question of the day|Tags: , , , , , , , , , , , , , , , , , |

„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.

6 03, 2014

Bitcoin futurology: incongruous prophesies

2016-11-16T10:46:38+00:00March 6th, 2014|Categories: Balance Group vs Individual, Mega Trends, Sociology|Tags: , , , , , , , , , |

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.

6 03, 2014

Typically EU: let’s have a bitcoin taskforce!

2016-11-16T10:46:38+00:00March 6th, 2014|Categories: Bitcoin, Next Payments, Payments|Tags: , , , , , , , , |

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 [...]

5 03, 2014

Will the „middle man” disappear?

2016-11-16T10:46:38+00:00March 5th, 2014|Categories: Bitcoin, Electronic Wallet, Interdependency, Marketplaces, Payments|Tags: , , , , , , , , , , , , , , , |

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.

26 02, 2014

Transfer of property rights: „Payment Myopia”

2016-11-16T10:46:38+00:00February 26th, 2014|Categories: Balance Group vs Individual, Collaborability, Payments, Strategy|Tags: , , , , , , , , , , , , |

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 [...]

25 02, 2014

Different Scalability in Different Circumstances

2016-11-16T10:46:39+00:00February 25th, 2014|Categories: Bitcoin, Circumstances, Collaborability, Mega Trends, Trust|Tags: , , , , , , , , , , , , , , |

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.

25 02, 2014

“Will you see Ripple become a reality during your lifetime?”

2016-11-16T10:46:39+00:00February 25th, 2014|Categories: Business Development, Mega Trends, Next Payments, Payments, Question of the day, Updated posts|Tags: , , , , , , , , , , , , , , , |

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 [...]

17 02, 2014

Trust is key for cryptocurrencies

2016-11-16T10:46:39+00:00February 17th, 2014|Categories: Bitcoin, Collaborability, Human Abilities, Next Payments, Trust, Updated posts|Tags: , , , , , , , , |

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.

16 02, 2014

Bitcoin: It’s the platform, not the currency, stupid! – The Next Web

2016-11-16T10:46:39+00:00February 16th, 2014|Categories: Bitcoin, Collaborability, Competition, Decision Making, Marketplaces, Mega Trends, Next Payments, Payments, Trust|Tags: , , , , , , , , , |

(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 [...]

10 02, 2014

Apple bigger threat to Bitcoin then Russia, China and India?

2016-11-16T10:46:39+00:00February 10th, 2014|Categories: Balance Group vs Individual, Bitcoin, Collaborability, Collaboration Mechanisms, Electronic Wallet, Externalities, Next Payments|Tags: , , , , , , , , , , , |

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.

22 01, 2014

Contours of the “Utopia Wallet”

2016-11-16T10:46:40+00:00January 22nd, 2014|Categories: Electronic Wallet, Next Payments, Payments, Society|Tags: , , , , , , , , , , , , , , , |

(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 [...]

14 01, 2014

What is “digital money”? Or what is money in the digital age?

2016-11-16T10:46:41+00:00January 14th, 2014|Categories: Bitcoin, Electronic Wallet|Tags: , , , , , , , , , |

(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 [...]

15 05, 2013

Bitcoin transactions explained

2016-11-16T10:46:48+00:00May 15th, 2013|Categories: Bitcoin, Electronic Wallet, Next Payments, Opinion, Payments, Popular, Trends, Updated posts|Tags: , , , , |

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 [...]

26 04, 2013

Download Paper “Bitcoin’s legacy and the crypto-currency promise”

2016-11-16T10:46:48+00:00April 26th, 2013|Categories: Below the surface, Bitcoin, Collaboration Mechanisms, Next Payments, Opinion, Payments|Tags: , , , , , |

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 [...]