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Introduction to QuantLib Development with Luigi Ballabio - London, September 19-21st, 2016 -

The Monetary Future's Blog

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Inching Towards Bitcoin Derivatives

September 21, 2014 Comments (0)

By Jon Matonis CoinDesk Tuesday, May 27, 2014 Bitcoin derivatives are more in demand than ever, as bitcoin company executives seek a way to hedge balance sheet risk. A liquid futures and options exchange for bitcoin will provide commercial hedging opportunities as well as increase overall price stability. This is not disputed. What will be contentious, however, are the paths and methods necessary to get there. In this article, I...

When Payments Become Political Weapons of Mass Destruction

September 6, 2014 Comments (0)

By Jon Matonis CoinDesk Wednesday, May 7, 2014 Executives at Visa and MasterCard awoke yesterday morning to learn that Vladimir Putin’s Russia had passed legislation requiring foreign credit card brands to post $3.8 billion in total security collateral, the equivalent of two days’-worth of transactions processed in the country. After Russia reunified with (or annexed, depending on your point of view)...

Bitcoin Adoption, Not China's Central Bank, Is What Underlies Legitimacy

May 6, 2014 Comments (0)

 By Jon Matonis CoinDesk Wednesday, April 30, 2014 The bitcoin ‘China Syndrome’ fills the news these days with attempts by Chinese authorities to steer bitcoin legitimacy. This gives us an excellent opportunity to contemplate and reiterate the core attributes of bitcoin’s overall strength. Bitcoin shows that national fiat money systems are an artificial construct. The debates around regulation are really...

Bitcoin's Role in Combatting Inflation

May 4, 2014 Comments (0)

By Jon Matonis CoinDesk Saturday, April 26, 2014 The economies of the developing world will feel the earliest and greatest impact from bitcoin. Not only are bitcoin’s enormous benefits very personal, they are also contextual depending on your political geography. Individuals residing in high-inflation countries with relatively sufficient Internet access as a percentage of population do seek refuge in bitcoin. The worst offenders...

The Bitcoin Word Game

May 3, 2014 Comments (0)

By Jon Matonis CoinDesk Friday, April 18, 2014 Words are very important. Even more so with bitcoin, competing constituencies craft specific words and phrases to evoke a predetermined image or outcome. With a little help from political wordsmith observer Bill Maher, let’s look at some popular examples of this practice in action. Avoiding the negativeFor a long time, assisted suicide as a positive right with legal protections had a difficult time...

IRS Bitcoin Ruling May Have a Bright Side

May 3, 2014 Comments (0)

By Jon Matonis CoinDesk Monday, March 31, 2014 Last week’s guidance from the IRS on tax treatment for bitcoin transactions may have temporarily impeded one avenue in a single jurisdiction, but it has opened up another more significant avenue. An IRS “property” classification for bitcoin reaffirms it’s status as “digital gold” because it tacitly encourages one type of monetary activity (store of value) over another (medium of...

New Binary Options Trading Service Takes Bitcoin-Only Payments

May 2, 2014 Comments (0)

By Jon Matonis CoinDesk Wednesday, March 26, 2014 A new service for financial options has launched a beta website for nine different binary options, including gold, silver and crude oil, plus six foreign exchange pairs. The offered currencies – euros, Australian dollars, New Zealand dollars, British pounds, yen, and Swiss francs – are all paired with the US dollar. Different than previous binary...

A Taxonomy of Bitcoin Mixing Services for Policymakers

May 2, 2014 Comments (0)

By Jon Matonis CoinDesk Monday March 17, 2014 As the first-ever technical workshop devoted to bitcoin research convened on the island of Barbados on 7th March, it was clear from the outset that several academic papers would be exploring various methods to compensate for bitcoin’s inherent lack of anonymity. For now, it’s an academic endeavour, but it underlies the fundamental principle known as ‘freedom of...

How Bitcoin Smashes Mobile Payments Barriers

April 25, 2014 Comments (0)

Open Letter to Mobile World Congress, Barcelona 2014from Jon Matonis, Executive Director, Bitcoin Foundation  February 27, 2014 I have worked in the currency, payments, and cryptography business for over 20 years, at businesses including Visa, Sumitomo Bank, VeriSign, and Hushmail. The technological developments now occurring in peer-to-peer payments and online distributed trust ledgers will shake the current financial system to its core. Ultimately, this will be a good thing for...

Market-Based Reactions To New Bitcoin Regulation

March 10, 2014 Comments (0)

By Jon Matonis CoinDesk Sunday, February 23, 2014 Every action has a reaction, and the world of government regulation is no different. Recently, the regulatory chatter has picked up around Bitcoin and it appears to be focused on two major mandates as perceived by the financial regulators. Number one is the attempt to apply invasive technology-specific money transmitter regulation to a technology that doesn’t seem to fit...