New book: New twitter. How Blockchain Will Facilitate the Denationalization of Money @wileyglobal Old ideas: new technology #Friedman + #Hayek + #Blockchain
Joined July 2019
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Money Without Boundaries retweeted
The phenomena of Ice Nine, in which one market closure leads quickly to other market closures as investors seek cash in successive venues, is explained in Chapter One of my book #TheRoadToRuin. Available here: amzn.to/2cxVNDG. Nicked it from #KurtVonnegut
Money Without Boundaries retweeted
THIS will be an announcement that goes down in infamy--the 8 largest US banks are **temporarily** suspending stock buybacks??? For umpteenth time I'll repeat: THEY SHOULD BE RAISING EQUITY--THAT'S THE ONLY THING THAT MIGHT CALM MARKETS DOWN! This is a systemic solvency problem!!!
The Financial Services Forum announced that its eight members decided today to temporarily suspend share buybacks for the remaining period of the first quarter and the second quarter of 2020. Learn more: fsforum.com/types/press/rele…
By pricing at the margin, borrowers will have access to negative interest rates. #future #banking #money #innovation
@moneyboundaries: “#Debt should not be priced at the product level (home loan, car loan, student loan). It should be priced at the marginal unit of risk. Simple concept = revolutionary change." #future #banking #money #innovation
Money Without Boundaries retweeted
Pleased to share that an article I wrote over the summer on "the Commons" for @Enterprising was just picked up by @FT #esg #responsibleinvesting ft-creative-ss.herokuapp.com…
Money has three roles in society: medium of exchange, unit of value and store of value. In the past 50 years we have made significant progress in the first two and destroyed the third. There is no constant store of value.
Foundational facts: Money has three roles in society: medium of exchange, unit of value and store of value. We must separate these roles in conversations about #money.
#Blockchain creates the possibility of an unprecedented ability to sort, segment and group across infinite #nodes without any intermediary. Lower uncertainty, higher security in peer-to-peer, #direct connections.
@MoneyBoundaries reframed as steps toward a goal: 5.) Direct and #decentralized #connections result in secondary benefits to #network participants.
@MoneyBoundaries reframed as steps toward a goal: 4.) The #future of #money looks and feels like money market funds today – built on a foundation of secured loans with unprecedented security and #transparency.