Thursday, 18 December 2014

Chain Of A Lifetime: How Blockchain Technology Might Transform Personal Insurance

"Chain Of A Lifetime: How Blockchain Technology Might Transform Personal Insurance" is the outcome of a research project conducted by Zyen between August and December 2014 which explored how blockchain technology might transform personal insurance and in particular interactions among individuals and insurance companies over time.

Thursday, 20 November 2014

Bit Gold - "The Genesis Moment of Bitcoin"

Bit Gold
Blog article written in December 2008:
"One day, people will look upon this post as the actual genesis moment of Bitcoin. This is a a piece of digital history, worthy of preservation. Thank you Nick."
(One of the comments, towards the end)
See also:

Flying money: a brief overview

(Private bank note issue)

Nick Szabo - profile
"A premier thinker about history, law and economics, and the lessons they have for security." -- Adam Shostack

Unenumerated: Tweeting

Tuesday, 1 July 2014

Blockchain Technology - A Threat to, or an Opportunity for, Legacy Banking, Clearing & other Financial Services?

Blockchain Technology and Financial Services



"The blockchain technology, with its first iteration in the form of the cryptocurrency bitcoin, is a unique technological breakthrough that is a revolutionary gateway to a new era of decentralised banking, money, clearing, stock markets, insurance and even social networks and national governments.

Whilst Bitcoin itself is gradually becoming better known and more widely used, it's the underlying ‘blockchain’ technology within the bitcoin protocol –that is now gathering increasing attention for its ability to support far more complex transactions and relationships than pure value transfers."

"So can the Blockchain protocol create more cost-effective and decentralised financial services? Ethereum, an open-source project, is looking to provide the platform and the answer. And not just for financial services."

Read the full article here

CEX.IO

also

The coming digital anarchy

"Bitcoin is giving banks a run for their money. Now the same technology threatens to eradicate social networks, stock markets, even national governments. Are we heading towards an anarchic future where centralised power of any kind will dissolve?" - read the full story in The Telegraph June 2014

Thursday, 5 December 2013

Alderney and Bitcoin

Alderney Concept to issue Bitcoin-Backed Commemorative Gold Coins

Michael Parsons FCA, Bitcoin Advisor, Entrepreneur & Presenter, is the co-source of the Weekend Financial Time's (FT) Alderney & Bitcoin story on 1st Dec 2013 – and the inventor of the physical specie Commemorative Gold Bitcoin-backed concept and government adviser.
("The most read online article in the history of the Weekend FT," according to the editors)

Read the two original FT articles in full here:

The original FT story
Main front page headline FT article:
"Alderney looks to cash in on virtual Bitcoins with Royal Mint reality"
http://tinyurl.com/Alderney-RoyalMint


Page 2 background FT article:
"Island territory seeks self-sufficiency with virtual currency"
http://tinyurl.com/AlderneyBTC
(named here and also in the link below)

Alderney Wants To Become A Financial Hub For Bitcoin
http://www.techweekeurope.co.uk/news/alderney-bitcoin-hub-133169

Wednesday, 27 November 2013

Sunday, 20 October 2013

Why Bitcoin IS intrinsically valuable...

It has been said a lot. Bitcoin is risky because it not “backed” by any government, asset, or commodity and has no intrinsic value in and of itself. It is true that Bitcoin is risky, but not for any those reasons. Bitcoin is risky because it is an entirely new disruptive technology with revolutionary potential in an unknown regulatory environment. The risk lies in Bitcoin’s ability to persevere despite the uncertain regulatory climate and realize its unspoken potential. The jury is still out on that.

http://letstalkbitcoin.com/why-bitcoin-is-intrinsically-valuable/#.UmOBWlO9LCS

Thursday, 10 October 2013

New Finance: Monthly Seminar - Bitcoin: Legal, Regulation, Exchanges

Bitcoin is a hot topic in Fintech right now so this Meetup explores some of the rapidly developing legal issues around using and setting up exchanges and using Bitcoin from both a merchant and consumer perspective. Is Bitcoin coming in from the cold? On the one hand Exchanges are getting regulated, even talking to the Fed, on the other hand some countries like Thailand have made it actually illegal to use Bitcoin. It's time for an update, especially for those thinking of adopting Bitcoin. 
This seminar will explore the latest themes and developments, the key Bitcoin players and their offerings. 
Find out more:
New Finance Meetup - Bitcoin (6pm 16 October 2013)

Friday, 26 July 2013

Bitcoin Virtual Currency Workshop

Europe's Customer Festival
Total Payments Spectogram Workshop
16 - 17 September 2013, Business Design Center, Islington, London

Michael Parsons discusses the gains and challenges of virtual currency with a focus on Bitcoin.

Bitcoin – The Future of Money & Payments?

After dinner speech given on 18 June 2013 to members of the Real Time Club
at the National Liberal Club, Whitehall Place, London, SW1A 2HE

  • What, exactly, is Bitcoin?
  • Who invented it and who controls it?
  • How is it created? 
  • Will Bitcoin replace State-sponsored currencies?
  • Is it a threat or an opportunity for governments?
  • Can a state adopt its own cryptocurrency?

In an age of e-commerce and electronic trading, where transactions are performed with a credit card, computer or a mobile device, could currency as we know it disappear altogether?

“Bitcoin is the New Frontier” - Erik Voorhees

Erik Voorhees is one of the foremost Bitcoin entrepreneurs and has helped build some critical parts of the Bitcoin business ecosystem, as well as being a loud advocate for a free, decentralised and voluntary currency. 
When the history of Bitcoin is written, he will be remembered as one of the brave few explorers ready to set out into the unknown and risk life and fortune to create a new world.
Read the full Q&A here

Friday, 17 May 2013

Bitcoin presentation to the UK Government

On Monday 13 May 2013  I made the first formal presentation of  Bitcoin to the UK government at the Future of Money conference, which included an explanation of how Bitcoin works.

The conference was organised by the government’s Foresight Horizon Scanning Centre, an arm of the Department for Business, Innovation and Skills (BIS) which develops innovative, long-term policy. About 50 senior civil servants attended.

The Future of Money focused on the implications that widespread adoption of Bitcoin might have. Since Bitcoin users are pseudo-anonymous, government authorities worry that it could be used for purposes such as money laundering, and that transactions between individuals fall outside the boundaries of tax collection.
The feedback was very positive both from those who attended the meeting and the organisers. 

The London Financial Times reported this on the following day on page 3 (with a lead-in on the front page) and the full story can be found on these links here:

UK taxmen, police and spies look at Bitcoin threat


A useful Q&A on Bitcoin was published alongside the FT article:

Saturday, 16 March 2013

Is Bitcoin Money?

Since Bitcoin is now a $400 million market, with its price hitting new all-time highs, now might be good time to ask - Is Bitcoin Money? 
Max Keiser-by Max Keiser - Host, The Keiser Report -RT | follow @maxkeiser