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The Living Grid – energy inspired by life

The demand for energy is shifting in society; where it comes from and what it’s for is rapidly changing. In response, we need to rethink our energy syste

Sourced through Scoop.it from: www.youtube.com

#Blockchain is only one technology that enables the development of  living #energy grid where consumers become #prosumers.

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What happened to the bitcoin bubble? – Chris Skinner’s blog

I was interviewed by UBS’s wealth management team a month ago, when the bitcoin bubble was in full bloom. The price had exploded, tripling in a month. Now that it has burst, the interview seems quite prescient so, here it is … UBS interview with Chris Skinner Cryptocurrencies – digital currencies based on encryption – are in the midst of a bubble, but that should not overshadow the genuinely transformative change that is taking place within the financial services industry. That is the contention of Chris Skinner, Chairman of The Financial Services Club, author of thefinanser.com blog and one of Financial News’ ‘FinTech 40’ most influential people in financial technology. Chris Skinner spoke to Barry Corbett of the UBS Knowledge Network in London on 12 June. Barry Corbett: So far this year, 85 new cryptocurrencies have been launched, bitcoin has traded within a whisper of $3,000, and the market capital of cryptocurrencies has surged to more than $100 bn, from $15 bn. What’s going on? Chris Skinner: What’s happening at the moment is a tulip bubble. Everybody’s caught the craze of cryptocurrencies and wants some skin in the game. There is a craze over ICOs (Initial Coin Offerings) and the general public and the investment community have finally caught wind of bitcoins, zCash, ether, litecoin – all these altcoins – and decided they want to be involved. You can see there’s a bubble going on when your friends, your family and strangers are asking “Should I be buying these coins?” My answer is day-trade them. They’re very volatile. Don’t put your life savings in there. BC: Some of this growth has been attributed to a rise in money laundering and state intervention. What other global themes should investors be aware of when dealing with the cryptocurrency market? CS: The money laundering link is due to the association of bitcoins with the notorious Silk Road website. So yes, there’s an element of the underworld, but that’s there in the use of US dollars too. Uncertainty about some traditional currencies has been a factor behind the new interest too. For example, sterling weakness has meant that UK investors are looking for alternative places to put their money. Equally, the Japanese government gave bitcoin some credibility by stating that it is looking very carefully at making it part of the capabilities of institutional investors. Then you have events like Brexit, the surprise election …

Sourced through Scoop.it from: thefinanser.com

Very insightful