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Crypto

The importance of cryptocurrencies and the blockchain to banks (and everyone)

We had a revival of the Innotribe from SIBOS on Monday, by gathering the great and the good to discuss cryptocurrencies at the Escalator, an incubator for new fintech start-ups in East London run by Barclays Bank (if you want a primer on this, see Learn Cryptography). The session was led by Richard Brown, Executive…

Simon

The Rise and Rise of Bitcoin [#SIBOS #SIBOS2014 #Innotribe]

I finish the first day of SIBOS by returning to the innotribe tent to watch the world premiere of the film The Rise and Rise of Bitcoin. It was surprisingly well attended with a packed room of popcorn munchers and beer drinkers (no puns intended). The film is 90 minutes long and traces the origins of…

Innotribe

The Rise and Rise of Bitcoin [#SIBOS #SIBOS2014 #Innotribe]

I finish the first day of SIBOS by returning to the innotribe tent to watch the world premiere of the film The Rise and Rise of Bitcoin. It was surprisingly well attended with a packed room of popcorn munchers and beer drinkers (no puns intended). The film is 90 minutes long and traces the origins of…

Innotribe

Why Bitcoin needs a Foundation

Since the Mt.Gox implosion, confidence in bitcoin has somewhat dampened, as demonstrated by its flat-lining priceline… You would think that when Dell, Baltic Air, Wikipedia, the German newspaper Taz and the Royal National Lifeboat Institution (RNLI) all announce that they will be taking bitcoin payments – as they all did in July – the price would jump. …

Bitcion price

Why Bitcoin needs a Foundation

Since the Mt.Gox implosion, confidence in bitcoin has somewhat dampened, as demonstrated by its flat-lining priceline… You would think that when Dell, Baltic Air, Wikipedia, the German newspaper Taz and the Royal National Lifeboat Institution (RNLI) all announce that they will be taking bitcoin payments – as they all did in July – the price would jump. …

Bitcion price

Bitcoin is a Wild West … when the dust settles, will it still be around?

Bitcoin has gone from the leading light for the future to a flaky, shaky infrastructure.  This is the result of the Mt.Gox meltdown, along with other exchanges since.  In other words, the essence of bitcoin – the blockchain and the algorithms – are all perfectly fine and make eminent sense.  The issue is that the…

Bitcoin is a Wild West … when the dust settles, will it still be around?

Bitcoin has gone from the leading light for the future to a flaky, shaky infrastructure.  This is the result of the Mt.Gox meltdown, along with other exchanges since.  In other words, the essence of bitcoin – the blockchain and the algorithms – are all perfectly fine and make eminent sense.  The issue is that the…

That weird and wonderful thing called bitcoin

I keep getting into debates about bitcoin and when banks should take notice of bitcoin. C’mon.  If a bank hasn’t noticed bitcoin yet, then they must be a bank completely uninterested in banking strategies. bitcoin is important, but it’s not the be-all and end-all. In fact, it is fairly irritating. It is irritating because bitcoin…

Bitcoin_Ecosystem_1170

Why all banks will gamify over time

It's obvious that gamification is a game changer – apologies for the pun. Gamification is huge. The games industry is bigger than the movies these days, with Call of Duty, Halo and World of Warcraft, leading the charge but we must not forget Angry Birds, Candy Crush and the range and reach of Flappy Bird….

Angry birds theme park

The threat to banks is not Google or Amazon but …

What amazes me about the banking system is that the banking system does not believe it needs to change. It does not believe it is being disrupted by technology. It is dismissive of many new start-ups and innovators. And it points to past performance for the reasons why. There has been no major disruption in…

Bitcoin

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