Tuesday, 1 July 2014

What might Blockchain Technology mean for Traditional Global Financial Services?

Blockchain Technology and Financial Services



"In looking at the Future of Money, Payment Cards and Financial Services, the big story is not Bitcoin, rather it's the invention of the underlying ‘blockchain’ technology that makes it (Bitcoin) and dozens of smaller cryptocurrencies actually work..."

"How might the Blockchain protocol transform traditional financial services?
With ethereum.org developing the next generation cryptocurrency and decentralised application platform, numerous possibilities will appear, ranging from asset (eg. land) registries to trade reporting, clearing systems and exchanges, consolidated tapes, personal insurance blockchains, smart insurance contracts, crowdfunding, corporate voting, identity blockchains for anti-fraud protection, tax registries, accounting registries, multi-entity contracting, and even virtual contract companies..."

Read the full article here

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

Thursday, 14 March 2013

Bitcoin – The top performing currency in the world?!

"While other currencies are going up and down about 3% – 15% a year, I’m very excited to introduce you to my new investment, which in the past year has gained over 400%....The U.S. dollar value of a bitcoin is about $45 today compared to just $5 a year ago. In the last three months bitcoins gained over 200% since at the end of 2012 (when) the quoted price was $13.48."

Bitcoin Rises - Al Jazeera News

"Although there is still the possibility of a volatile market, the Bitcoin ecosystem looks more promising than ever."

Timely informative article on the rise in value of bitcoin, written by Nicolas Mendoza, a Colombian scholar, artist and researcher in global media from the University of Melbourne, currently at City University of Hong Kong. Also P2P Foundation collaborator, Editorial board Bitcoin Magazine
Follow him on Twitter: @nicolasmendo

"About a year ago I (the author) wrote an article, published on the Al Jazeera site, titled "Understanding Bitcoin". It was an attempt at introducing Bitcoin technology and analysing its social implications. Now Bitcoin markets are trading at record prices of over US$40. This increase, along with a series of recent developments, marks a new overall state of affairs for this project. To make better sense - beyond the mere market numbers - of the current state of the Bitcoin economy, it is worth it to make a brief recount of the way Bitcoin has evolved in recent months."
"...Bitcoin 2013 is certainly a much more robust animal than its 2011 version, and its future looks more promising now than ever before. Step by step, Bitcoin rises."
Read the full article here
http://tinyurl.com/BitcoinRises