Bits on Blocks Thoughts on blockchain technology
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...
Ray Dalio is one of the best economic thinkers alive. On 9 April 2020, TED interviewed him about what coronavirus means for the global economy. Here is my summary. Any errors, omissions, misunderstandings are...
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!
This short blog post describes three different types of currency wars that seem to be happening at the moment. The phrase “currency wars” is not new – typically is has referred to deliberate devaluation...
In this post I discuss several differences between physical cash, and what I imagine retail Central Bank Digital Currencies might end up looking like.
Summary: Issuers of today’s fiat-backed stablecoins (such as PAX, USDC and TUSD) need to identify (or KYC) only those users who convert between bank account money and stablecoin, not all holders. Some people might...
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...
Today, state sponsored money is under pressure. The emergence of two threats has added urgency to the agenda to defend it.
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...
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.