I help investors, service providers and fintechs make more money from securities lending within their acceptable risk parameters
Cryptocurrencies are in the headlines every day, increasingly in the hands of investors and on the agenda for central banks and regulators everywhere. More than a fad, but still it's not clear what its role is and the degree of impact it will have going forward. Will it continue to grow as part of an ever-expanding digital universe or collapse into a black hole sucking up the energy resources of the world we live in? Will central banks clamp down, become issuers themselves or both? Opinions from Martin C.W. Walker and Laurent K. two experts on the topic, with further input from John Arnesen and me for a polite discussion and debate. Note: All opinions expressed by participants at this event are personal opinions given in their personal capacity and do not necessarily represent those of employers, colleagues or others. We want it that way for an open discussion for this much-debated yet undecided topic. #cryptocurrencies #blockchaintechnology #markets #investing #finance
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An old contact of mine, Paul Amery, editor of New Money Review has kindly suggested the following three articles for people wishing to get a grounding in cryptocurrency. Additionally, the fourth article looks at the issue of energy usage and cryptocurrencies. All recommended reading. https://newmoneyreview.com/index.php/2018/04/04/where-cryptocurrencies-came-from/ https://newmoneyreview.com/index.php/2018/04/06/what-powers-bitcoin/ https://newmoneyreview.com/index.php/2018/04/07/freer-thinking-about-money/ https://newmoneyreview.com/index.php/2020/09/03/big-oil-goes-for-bitcoin/
Laurent K.
2y
PoW are more secure
David Shone
2y
have to drop in a minute. I have really enjoyed the discussion, look forward to more in the future. thanks guys!
David Shone
2y
I feel that the argument that there is no "value" to crypto currency has a parallel in our collective belief in the myth that is fiat currency. One thing that underpins that myth is the concept of accountable parties such as central banks and countries that "back" the myth in theory. Some of the scepticism to move into the crypto space is the lack of "trusted" backers, as with any new asset type. does the audience feel that government backing of crypto currency would be the key to cementing adoption? If so, would you say El Salvador being a first adopter works against or for that trust in crypto (thinking about the credit worthiness of El Salvador)?
David Shone
2y
I totally agree that PoW protocols are inefficient and conflicts totally with the ESG direction the industry is also trying to move in at the moment. Would you say that PoS protocols are a better more sustainable solution that are more attractive? (I understand that all protocols in theory will need to have significant redundancy in them to prevent 51% attacks etc.)
Faz J.
2y
Watching live from London
David Shone
2y
👂 listening in
hii
Morning all!
Consultant Vitreoretinal and Cataract Surgeon at Barts Health NHS Trust
2yYes please, definitions?