My article on CoinDesk this week: Bullion on the Blockchain: A New Gold Standard?
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David Birch digs into the hypothetical mechanism of Central Bank Digital Currency, positing that it’s most likely to manifest as a “connector”:
“It is entirely possible that cryptocurrency will come to exist as a settlement money that connects other different monies (although my suspicion is that these will be community-based more than simply bank-based). But is this a role for Bitcoin?”
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Tearsheet dives into some recent surveys that highlight some disconcerting blockchain trends.
- Only one in four companies in global finance is familiar with the technology.
- Less than 20% of large financial firms have made blockchain investment a priority, while 30% are investing heavily in AI.
- On the other hand, 90% of payments companies are planning to adopt it by 2020.
- And consortia? Opinion is divided on whether they are a help or a hindrance.
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Bloomberg Gadfly took at look at ICOs and the relative threats they pose for Wall Street (not so much) and the VC industry (more).
“If there is a silver lining in ICOs, it’s unlikely to be its dream of rebuilding the financial world on open-source technology. It’s more the hope that tech evangelists preaching digital disruption might have to face a bit of disruption themselves.”
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And now for some colour: If you happen to have some spirulina powder in the back of your kitchen cupboard (of course you do), you can make “mermaid toast”.
Add a few other ready-to-hand ingredients such as turmeric root and chlorophyll drops, and you can upgrade to “unicorn toast”. The edible gold leaf is a nice touch that rounds out the effect.
(Yes, I am being tongue-in-cheek – although I won’t deny they’re very pretty toasts! Via Vogue.)