This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.
Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis wrote Jack Dorsey wants to keep the force in bitcoin decentralized
Jack Dorsey, CEO of Block (formerly Square), has been a consistent advocate of bitcoin. Dorsey both personally and professionally has supported bitcoin for years. In 2018, he said that bitcoin will eventually become the world’s single currency. In 2020, Square purchased about $50 million worth of bitcoin. In early 2021, Square bought another $170 million worth of bitcoin. At the Bitcoin 2021 Conference in June, Dorsey explained that he sees bitcoin as a way to protect against currency devaluation and expedite transfers of funds across borders. Late last year, Square changed its name to Block, to denote a broader mission that includes blockchain and economic empowerment. With Block’s bitcoin holdings at 8,207 BTC, worth $354 million at current prices, Block hasn’t changed its tune on bitcoin. Last week Dorsey officially announced that Block would get into Bitcoin mining to make it easier for people to mine bitcoin. The announcement was made on Twitter and confirms information that dates back to October that the company would eventually enter the mining business. Block aims to create an “open bitcoin mining system” which is easily available, reliable, performant, power-efficient, and can be used by anyone.
Editor note: If you want to see the future of Bitcoin, watch what Jack Dorsey (and El Salvador) do.
Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Part 3: Equities birth certificates to get people onto the 1st rung of the wealth creation ladder.
People often talk about getting onto the property ladder, but property is only one type of asset used for wealth creation.
Equities is the primary asset used by the wealthy.
Imagine somebody born into a poor family who on her/his 21st birthday receives a certificate that in real inflation adjusted terms represents more money than they can earn in a year at a minimum wage.
That is a feasible scenario if that person is given an Equities Birth Certificate and cannot cash them in for at least 21 years.
Editor note: Read this post to understand some of the practical details in an idealistic dream to reduce financial inequality. This is NOT rocket science.
Car manufacturers generate revenue through vehicle sales and post-sale services. As newer business models such as mobility-as-a-service and vehicle-as-a-platform evolve, additional revenue streams are emerging. Whereas conventional businesses generate nearly 90% of revenue, over the next decade, this share is expected to shrink to about 70%. Vehicle-as-a-platform is relatively new with a below 1% share in revenue. However, it’s expected to grow 1.3x year-on-year over the next decade, making it the fastest growing automotive business segment. It comprises two revenue streams: data monetization and platform-as-a-service, the former being the focus of this post.
Editor note: Losing my privacy is worthwhile if I save on insurance premiums by being a better driver.
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