Bitcoin, Blockchain & Cryptocurrencies

unitedwestand

LABMAN wrote: »

I think you were asked to write it yourself...that does not mean cut and paste from one source and not reference that source. Not credible of you to do so and it's against forum rules.

Apologies that's why I put italic front, forgot the link.

Its from an article on Orcale's website, the S&P 100, multi-billion dollar company and one from Deloitte

unitedwestand

MSE_Andrea wrote: »

Thanks for the feedback unitedwestand. I'm passing it on to the Money Team.

Great :dance: Much appreciated thanks Andrea

Thanks for the thread Bumps folks

MSE_Helen_S

Hi unitedwestand. Fintech and smart/digital products are something we're looking to cover this year, but I think more in terms of products that are out there rather than (necessarily) the technologies underlying it.

We try to simplify personal & household finance for people, to allow them to make informed decisions that are right for them. If doing that involved explaining the tech behind it, we'd do that too. But, at the moment, I don't think it's quite there yet.

If it does become directly relevant to a consumer's choice - eg one platform/provider using blockchain and one not, then that's when we'd look to spell out the advantages the blockchain one had (assuming that it is better, of course).

Hope this makes things clearer in terms of where we're coming from, but please reply or message me if not.

Thanks

unitedwestand

MSE_Helen_Saxon wrote: »

Hi unitedwestand. Fintech and smart/digital products are something we're looking to cover this year, but I think more in terms of products that are out there rather than (necessarily) the technologies underlying it.

We try to simplify personal & household finance for people, to allow them to make informed decisions that are right for them. If doing that involved explaining the tech behind it, we'd do that too. But, at the moment, I don't think it's quite there yet.

If it does become directly relevant to a consumer's choice - eg one platform/provider using blockchain and one not, then that's when we'd look to spell out the advantages the blockchain one had (assuming that it is better, of course).

Hope this makes things clearer in terms of where we're coming from, but please reply or message me if not.

Thanks

Helen, thanks so much for taking time out to reply

It's great news it's an area MSE are looking into this year

The UK's "official" institutions and government appear to have quite an open and accepting outlook on the future of Fintech. The BOE announced a FinTech Accelerator last year in the Mansion House speech and issued a news release on it last month.

The UK also has some good Blockchain heritage with the likes of Peter Smith, who is American by birth but considers London as his home after moving across after graduating and is the CEO of the worlds largest bitcoin wallet.

Whats lacking is recognizable non-partisan body that can help report on, educate and offer real world info and advice on the adoption and use of this new financial technology, both centralized and decentralized.

For example, I paid my plumber in Bitcoin the other day, one mobile phone to another, instantly, very low cost & without banks. 10 years ago this would be very difficult to do.

I bought a pizza on holiday with Bitcoin, which otherwise would involve currency exchanges, banks, credit cards etc and lots of third party costs and transaction fees.

Totally understand we're not there yet, but many people are looking and adoption is growing rapidly.

For example in January 2010 there were around 150 transactions per day, in February this year that peaked at 350k transactions per day. Google trends suggests the this is the highest sustained interest for the search term Bitcoin since it's inception & there's a reported 100k merchants accepting Bitcoin

I reckon MSE would do a great job at least covering some elements just a little more, and with much investment in the space, some decent affiliate/ sponsored back links in to the bargain.:)

Thanks again

forgotmyname

Some elements like no comeback if your bitcoins are stolen?

100k merchants, how many legal ones not trading in dodgy downloads and questionable goods? 350k transactions compared to paypals millions per day.

Dont forget the number of wallets created far exceeds the number of transactions. Shows that users are interested and create wallets but wont put any real hard cash into Bitcoins.

Volatile and not as safe as they originally made out.

pogofish

unitedwestand wrote: »

Does MSE intentionally avoid covering it's evolution or will there be plans to dedicate forums and webpages to it in the future?

Just about every bitcoin thread that I've seen on here has ended-up being deleted because it rapidly became swamped with "buy/sell Bitcoin" spammers/stooges.

It would be nice to see honest/legit discussion and and advice on the subject but for now, I reckon the work involved in keeping the bottom-feeders under control is maybe too much?

easilyparted

Agreed we need a section devoted to Bitcoin. I am interested in buying some, but where do you get them and how do you know if you have them if they do not exist in solid form?

Former_MSE_Andrea

Thanks for the feedback everyone. This will be useful for the Editorial team when the time comes.

evosy1978

Quasar wrote: »

There is NO way I would regard bitcoin as a way of saving.

and 6 months later they are £7500 per coin.. :beer::beer:

Quasar

evosy1978 wrote: »

and 6 months later they are £7500 per coin.. :beer::beer:

Good. Let's hope it lasts.