Expectation drives price. Utility drives value. July 14, 2020 Digital asset prices are driven by two factors; value and expectation of future value. When expectation of value increases at a faster rate than real value, you get a bubble. If real value grows faster than expectations of value, you get an opportunity. Looking back on the 2017 super-cycle it is painstakingly obvious that it [...]
Your Fiat is worthless. Here’s why. June 30, 2020 The Association of Certified Fraud Examiners will be adding an additional US$2.1 Billion to its next Report to the Nations when its published. The Wirecard fraud is an illustration of only one of an army of termites that is ceaselessly eating away at the foundation of the global financial system. The allegation that EY, Wirecard’s [...]
The Future of the Staking Economy June 24, 2020 Satoshi Nakamoto’s Bitcoin whitepaper emerged from the global financial crisis of 2008. In early 2009, the Bitcoin network launched with a headline in the genesis block: “Chancellor on brink of second bailout for banks”. The motivations of the project were clear. With the frailty of our financial systems exposed, the quest to create an alternative, [...]
2020: There is Still Time June 18, 2020 As we were preparing for the unavoidable lockdown, The Economist published the most descriptive cover: picture of the Earth with a “Closed” sign hanging across it. Indeed, it does feel like 2020 shouldn’t have happened. We started with Hong Kong protests, followed by the Australian fires, death of the NBA legend Kobe Bryan, finalization of [...]
Empowering communities with alternative currencies towards a post-Covid economy June 9, 2020 With humanitarian operations becoming more frequent, global and protracted, stakeholders are going to need to find alternative, multi-year pools of funding as well as new financial mechanisms to increase effectiveness and efficiency of existing resources. There was a time when humanitarian organisations only focused on short-term emergencies while development organisations focused only on long-term socioeconomic [...]
Signals of growth: Crypto’s journey toward the mainstream May 26, 2020 From pop culture icons to industry behemoths, crypto is indeed gaining momentum. Last week, many on crypto Twitter were surprised to see a post from JK Rowling responding to one of crypto’s renowned reporters, Leigh Cuen, with a question: “I don’t understand bitcoin. Please explain it to me.” I describe what followed as pandemonium. Crypto [...]
As digital assets ready to mainstream, Governments respond May 19, 2020 Some may still think of digital assets as largely unregulated with little government oversight. But as consumer awareness and interest in digital assets grow, so does attention from policymakers around the world. This ‘attention’ has produced both praise and punitive action. Last month, three U.S. legislative bills were proposed calling for the creation of “Digital [...]
Bitcoin Halving Set to Change Everything. Or Not. May 5, 2020 In the next few days, somewhere around May 12th, the question of what will happen after Bitcoin’s third halving will finally be answered. In recent months, and especially in recent weeks, the debate has raged openly within the crypto community and even beyond, in wider financial circles. Will the 50% drop in annual Bitcoin inflation [...]
