We need to think about money! Because money is changing fast and we want to have a say on those changes before it is too late.
The Australian Dollar (‘the Aussie’) is one of the world’s best fiat currencies, we are proud of the Aussie and all it represents. But nothing is static. Money is changing globally and we need to consider how the Aussie may also change. There are three main changes underway.
Firstly, we have evolving monetary policies which are leading to a significant increase in the amount of money in the economy, the more money available, the…
‘Know what you own and why you own it’ Peter Lynch — President fo stock picks Fidelity Investments ( 1977–1990)
I am often asked what type of assets we hold in our fund, are they just cryptocurrencies or are they something else. This newsletter is my best attempt to answer this question.
I start by considering the characteristics and nature of traditional assets. I look at the commoditization of assets and the way in which assets have become more liquid through corporatization, unitization and securitization and how markets have grown up around these assets. …
The heading of this Government report should scare anyone who seriously understands blockchain technology and believes in democracy, freedom, privacy and liberty. The idea of a National blockchain is horrifying to me…
Anyone who has researched blockchain technology understands that it can be used as a democratising technology or as the ultimate ‘big brother’ enabler.
Some of my earlier writings on this topic are:
I do not usually make my investor newsletter public, but given the significance of recent and unfolding events I have decided to share it on this occasion (excluding funds performance data, AUM figures and asset allocation details).
I hope you and your families are well and staying safe. This is quite a special newsletter. I have re-drafted it a number of times as events have unfolded over the past 8 weeks. I have been thinking carefully about the information I want to convey to you at this extraordinary time in history.
Typically I focus just on Cryptoassets in general and…
Humans change their money every century or so, (see the Bitcoin Standard and the History of Money) and such change does not typically happen with a big bang, it is more of a gradual process with the new system replacing the legacy system over decades.
For the purpose of this paper, the starting point of the existing money system is the Bretton-Woods conference in 1944. The most significant change to this system was the removal of the gold standard by President Nixon in 1971 and this led to the slow motion unravelling of the system, which we are still witnessing…
Submission to Australian Treasury Department
My submission considers three aspects of the proposed elimination of Cash from Australian society.
1. Human Rights and the importance of Cash to freedom and liberty.
2. The exemption for ‘Digital Currency’ and Australia’s position in the world relative to the development of peer-to-peer transactional technology for asset registration.
3. The juxtaposition of the privacy of individuals and the surveillance State and surveillance capitalism.
In my readings of the Black Economy Taskforce Report (October 2017) I did not see any significant consideration of the human rights aspects of the use of Cash. Part 1 of…
This week I presented the 3rd and final free talk on Bitcoin, Cryptoassets and Blockchain.
This talk is based around the wonderfull book by Michael J. Casey and Paul Vigna — The Truth Machine. But I started with a explanation of the significant role secret writing (Code) has had on the history of humanity and for this I stole from Simon Singh’s book — The Code Book and reference the fait of Mary Queen of Scotts in 1586 when her cipher was broken and her writings were used as evidence of treason, which led to her beheading.
In June 2019, I began a series of 3 free talks on Bitcoin, Cryptoassets and Blockchain. The objective of these talks was to engage with my local community on these topics, I hoped to widen the understandings of those interested enough to attend. This is a summary of my second talk, we covered Cryptoassets and Tokenization.
I introduced the talk referencing two videos.
In June 2019, I began a series of 3 free talks on Bitcoin, Cryptoassets and Blockchain. The objective of these talks was to engage with my local community on these topics, I hoped to widen the understandings of those interested enough to attend.
Having been banned by Facebook for advertising the event! I decided to do it old school by simply posting up flyers on local notice boards etc. I had 30+ people, all newbees, at my first talk. I was happy with this size crowd.
I set out below my material in case anyone would like to use it…
Submission to Australian Human Rights Commission, March 2019
For more than a decade now a new technology has been developing which is referred to by a number of names, including : Web 3.0; Blockchain Technology; Distributed Ledger Technology; Bitcoin and Cryptocurrencies. For the purpose of this paper I use the term Blockchain Technology (‘BT’) to cover all of these descriptives.
Over the past 2 years in particular an awareness of BT has started to break through to mainstream media, mainly due to the cryptocurrency bubble of 2017/18. That awareness has subsided since, but the development of the technology has not…