How To Explain The Blockchain Without Taking A Single Breath

March 13th, 2015

If you know someone who is rich, but they have no interest in cryptocurrencies.  If you know a theologian who understands the threat of existentialism but doesnt have any interest in Bitcoin.  If you know a philosophy professor at your University who doesnt give a hoot about the blockchain protocol, then ask them about the implications of a shared history.

Ray Dalio of Bridgwater said Velocity is a made up thing.  Ray was right and it made him and his fellow hedge fund investors billion$.  Looks like the times they are a changin and if you know a hedge fund manager and they scoff at this, they wont be a hedge fund manager for long once the blockchain(s) becomes standard operating procedure.

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Trade With Dave Or Goliath

March 12th, 2015

Reggie Middleton-Veritaseum      Blythe Masters-Digital Assets

Okay folks whos going to provide an objective comparison between these two companies and their services?  One company is backed by Sunil Hirani and who has cleared a mere $2.7 trillion in wholesale transactions at trueEX, one of the Chicago CMEs largest customer Don Wilson of DRW Trading Group and run by the ex-JPM commodities executive who invented the credit default swap.  The other firm is run by the man the legend the sword-wielding Google glass wearing CNBC stock picker challenge winning Reggie Middleton.

Founded by entrepreneurs Sunil Hirani and Don Wilson in 2014, will allow financial institutions to trade digital currencies alongside digitised assets. The platform is expected to launch later today.

Masters, the former head of global commodities at JP Morgan Chase & Co, said:

Digital Assets has a revolutionary technology platform that eliminates the counterparty risk and lack of transparency that has hindered mainstream adoption of cryptographic technology. The possibilities for reducing cost and risk in settlement are enormous.

The new CEO, who is best known for her work in credit derivative products, told the WSJ that the new venture seeks to build a bridge between the emerging digital currency industry and Wall Street.

Doing so would result in something truly revolutionary, she added.

Veritaseums Offer:

1. Create your own bespoke, custom trading vehicles to
2. Directly trade peer-to-peer and OTC, exposure to over 45,000 ticker symbols
3. In any asset class
4. From exchanges from around the world
5. Without an exchange or broker
6. With up to 10,000x digital leverage
7. Without fear of margin calls or negative equity
8. While eliminating practically all counterparty/default/credit risks
9. For the least expensive transaction and leverage costs in the industry — as little as 5 bp.

The thing that strikes Dave as most curious about all of this is the idea of holding something digital as if you could hold a zero or a one.  My sense is that the money is in the change making as in the money changers.