Building a universal ledger. To blockchain or not to blockchain.

I spend a lot of time in banks these days and there is a lot of discussion about blockchains. Described another way, there is a lot of discussion about what the appropriate way is to technically store data for the purpose of reducing risk and increasing transaction speed. It's interesting to me because most bank business… Continue reading Building a universal ledger. To blockchain or not to blockchain.

Breaking down the Dwolla network to its core.

Dwolla, as a network... has no money. It's not a bank. DWolla does not hold money. The DWolla network talks to banks on behalf of members of the network. Your money, my money, is already virtualized. The first time I was explaining that concept to a bank they looked at me sideways and the room fell silent.… Continue reading Breaking down the Dwolla network to its core.

Money & Bitcoin & the Cloud: It’s all just data streams, anyway!

I was searching for a video today and came across this totally randomly. Michael did it much earlier in the year and it's definitely worth a look. It's really good. There is an incredibly simple and basic explanation of how old payment systems just eat away at the value of money and the problem there… Continue reading Money & Bitcoin & the Cloud: It’s all just data streams, anyway!

Everything no one wants me to say about Bitcoin

Bitcoin

I've received some weird emails lately from people, again, asking me about Bitcoin. The assumptions, statements, and accusations I am reading are insane. I use that word because these emails are not rooted in logic but rather hype, misunderstanding, meandering decisions made by uninformed people and fueled by armchair economists and misinterpreted reporting. I posted something about Bitcoin in… Continue reading Everything no one wants me to say about Bitcoin