Tag Archives: Bitcoin

Bootleggers, Bootstraps & Bitcoin

by CantillonCH

Once upon a time, way, way back in early October [2017] when bitcoin was being exchanged for proper money at less than a third of the price it is today, I had my first opportunity to peek behind the curtain into the magical work of Cryptocurrency – and what a revelation it was!

Nestled behind a very professional looking website and housed in a cool incu-pod, shared office-space, the faultlessly polite, fresh-faced young men behind the venture took time out of reshaping the future of finance to explain some of the basics of the New Era to us two slow, old dinosaurs who had called upon them in search of enlightenment. [First published Dec 2017] Continue reading …

Cryptomania

by CantillonCH

As the phenomenon which is Bitcoin continues its transition from the geek press, past the financial columns and onto the front-pages of the newspapers, a little sober reflection may be in order. Are its proponents’ claims justified when they tell us that, far from being yet another instance of the Madness of Crowds, it will soon replace all our existing monies and supplant our present ways of doing business? And, if they are right, will that redound either to their benefit or to ours, or to a different set of actors entirely?

Continue reading …

You gets what you pays for

by CantillonCH

Reuters’ story that SAFE told its banks they should be as obstructive as possible in meeting customer demands for foreign currency, but should absolute not divulge the reason why, certainly succeeded in causing a stir in markets.    Continue reading …