It ain’t just about programmability
This commentary is a respectful response to JP Koning’s post “Programmable money isn’t new, we’ve had it for ages”.
Category: blockchain
The Sweet Spot for Programmable Money
The sweet spot for programmable money is: On a blockchain, aimed at businesses, issued by a central bank. Here’s why.
The New Libra Coin – An Unofficial Explainer
I’ve been looking at the design of the new Libra coin (LBR) in the updated Libra Whitepaper. Here’s what I think the differences are between this new “synthetic” coin and the previous iteration of...
What Actually is Programmable Money?
Everyone seems to be interested in programmable money (and assets), but what exactly does this mean? This post explores the concept of programmable money – what is possible today, and what is possible with...
Audiobook Launch – The Basics of Bitcoins and Blockchains
Happy news! (and some insights into the mechanics of authoring and publishing a little further down the page) I’ve just been told that the audiobook version of my book “The Basics of Bitcoins and...
CBDC, DLT, Crypto, Stablecoin Resources List
I’m often asked for material about CBDCs (central bank digital currencies), blockchains / distributed ledgers, stablecoins, and cryptocurrencies. So here’s a list of reports from central banks, regulators, international organisations and other agencies. Enjoy!
Tokens: Shares with Benefits
This short post explores some of the additional value that tokenised assets on blockchains can add, over and above pure financial return. The assets in question could be shares, or bonds, or other financial...
Tokenisation – Innovation in Capital Markets
Here’s what I think is going on with digital assets and security tokens and why it’s the most exciting thing going on in finance right now. There are two parallel streams of innovation: A...
Who legally owns all the shares? Not you.
In this post I explore how legal title to publicly listed shares works in Hong Kong, the USA, and Singapore. Then I relate this to tokens recorded on blockchains.
Tokens – Lowering the Barriers to Innovation
I was getting my daily hit of Matt Levine’s excellent Money Stuff this morning (subscribe here!). In my favourite blockchain blockchain blockchain section he noted: But a popular pattern in the crypto/token/blockchain world is...
