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Introduction to QuantLib training with Luigi Ballabio

19-21 October, London

The Monetary Future's Blog

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Bitcoin's Role in Combatting Inflation

May 4, 2014 Comments (0)

By Jon Matonis CoinDesk Saturday, April 26, 2014 http://www.coindesk.com/bitcoins-role-combatting-inflation/ 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 http://www.coindesk.com/bitcoin-word-game/ 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 http://www.coindesk.com/irs-bitcoin-ruling-may-bright-side/ 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 http://www.coindesk.com/new-binary-options-trading-service-takes-bitcoin-payments/ 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 http://www.coindesk.com/taxonomy-bitcoin-mixing-services-policymakers/ 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 http://www.coindesk.com/market-based-reactions-new-bitcoin-regulation/ 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...

The Evolution of the Bitcoin Clearing House

March 10, 2014 Comments (0)

By Jon Matonis CoinDesk Friday, February 14, 2014 http://www.coindesk.com/evolution-bitcoin-clearing-house/ We may be witnessing the final months of the large international bitcoin exchanges for retail purposes. On the road to maturity, the survivors are most likely to emerge as supra-regional bitcoin clearing houses. Today’s global bitcoin exchange plays the mega-role of both retail and wholesale exchange, providing the platform for individual traders, corporate traders, and smaller...

Legal Online Gambling Is Next Major Bitcoin Market

February 9, 2014 Comments (0)

By Jon Matonis CoinDesk Thursday, January 30, 2014 http://www.coindesk.com/legal-online-gambling-next-major-bitcoin-market/ The international online gambling industry is an estimated $30bn market, and growing. More importantly for Bitcoin, it’s a global market that depends on fast, irreversible payments. Just like a ordinary casino chip in any land-based casino, digital bitcoin provides privacy, immediacy, and payment finality. Unlike most typical consumer purchases (where returns and...

The Implications of Bitcoin: Money Without Government

February 9, 2014 Comments (0)

By Jon Matonis CoinDesk Thursday, January 23, 2014 http://www.coindesk.com/bitcoin-money-without-government/ One of my favorite things about bitcoin is how it’s such an all-inclusive tent. Bitcoin attracts political idealists from the right, political idealists from the left, Silicon Valley technologists, social science academics, philosophers, capitalists, socialists, and even apolitical speculators. Alex Payne kicked off this latest round of analysis with his blog piece: “Bitcoin, Magical...