This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.
Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis wrote Happy Bitcoin Pizza Day!
Without a doubt, bitcoin has many memorable stories to share. One of them is the famous Bitcoin pizza story. Eleven years ago Laszlo Hanyecz paid 10,000 BTC for two pizzas from Papa John’s. Today, those two pizzas, often considered the first transaction in bitcoin, are worth millions of dollars. Last Tuesday, Anthony Pompliano announced a bitcoin-themed pizza pop-up to support the development of the digital currency. Pompliano unveiled “Bitcoin Pizza”, which will partner with independent pizzerias in 10 cities in the United States to produce and deliver its pizza pies from May 22-29. Profits from the initiative will be donated to the Human Rights Foundation’s Bitcoin Development Fund, which helps fund improvements to the bitcoin network. When Bitcoin launched in 2009, it was unknown outside of the community of developers and early adopters. In the beginning anyone could mine bitcoins by running a simple computer program. Lacking leaders, Bitcoin’s supporters could disagree on what it represented. Currency traders arbitraging bitcoin prices played on the same team as crypto anarchists who cursed Wall Street’s existence. As a platform bitcoin allows people to trust in an algorithm rather than a central institution. As a currency, it replaces the role of banks in overseeing transactions and controlling the money supply, with a peer to peer system. Bitcoin allows a decentralized network to share information and withstand the attempts of hackers to introduce false information. The best part of owning bitcoin is the feeling of participating in the future.
Editor note: Great Bitcoin perspective as we enter another bear market. The CNBC video from 2013 is a keeper with two suits talking derisively over a techie Bitcoin fan who they would now be lauding.
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Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: DeFi Part 4. Watch and wait for honey says Pooh Bear
Pooh Bear followed Eeyore’s bearish view and Tigger’s bullish view at The Pooh Corner Debate on DeFi by calling on his moderator privilege to sum up. As he put it, “my name is on door so you have to listen to me”.
He pointed to one slide with 4 risks.
Editor note: Some subjects are too complex for our short attention spans, so we do 4 posts one week apart, each one short enough not to lose your attention but in aggregate doing justice to the complexity of the subject. Stay tuned by subscribing, click here for Part 1.
Wednesday Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote his weekly roundup of Stablecoin news.
Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: This Bitcoin bear market will be good for builders and bad for speculators.
Yes, I think Bitcoin (and other crypto) is in a bear market. I have no idea how low we will go or how long it will take. The previous bull/bear markets offer some guidance each bull market has been driven by different types of people.
Editor note: Which investors put money to work during bear markets, when blood is running in the streets”?
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Thursday
Rintu Patnaik, an Insurtech expert based in India, wrote: Benchmarking Innovation: What Do Indices Foretell?
In a recent analysis of innovation assessment scores, a new addition to its carrier credit rating framework, AM Best found scores a tad below those from a year ago. The drop, it claimed, was on account of pandemic challenges. By calibrating innovation inputs (such as leadership, culture) and innovation outputs (results and levels of transformation) in its assessment framework, the rating agency reported that insurers have struggled with output, struggling to transform innovation efforts into results.
Innovation benchmarking is a relatively new phenomenon. Innovation indexes, as the norm goes, benchmark capability and change readiness instead of business outcomes. They tend to emphasize innovation input factors (or capabilities) over outputs (new products or new services). Rather than focus on start-ups as a veritable disruption engine, they instead examine potential from structural impacts such as high-capacity mobile telecommunications or high-performance business platforms.
Editor note: We all love innovation, like motherhood and apple pie, but connecting that dot to the bottom line is what investors want to understand and gut feel needs some data science augmentation.
Christian Dreyer @x3er, the Swiss based CFA who focusses on how XBRL changes our world wrote his weekly roundup of XBRL news.
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Friday Howard Tolman, a well-known banker, technologist and entrepreneur in London, wrote his weekly roundup of Alt Lending news.
Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: This Bitcoin bear market will be good for builders and bad for speculators.
Yes, I think Bitcoin (and other crypto) is in a bear market. I have no idea how low we will go or how long it will take. The previous bull/bear markets offer some guidance each bull market has been driven by different types of people.
Editor note: Here we go again; this too shall pass.
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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://dailyfintech.com/2021/05/28/this-week-in-fintech-ending-28-may-2021/
