The ‘tied sales force’ business model is a breeding ground for conflicts of interest. Does the planner work for the client or for the institution?
There are no individuals in a place like China. Only the collective. This is why places like China need public blockchains: decentralised ways to keep records that are outside of the government’s control.
No, it’s not October you should blame for our recent decline. You should blame those who allowed asset prices to get so high in the first place. Blame the banks.
In 1799, the UK first proposed a temporary income tax. And to most people it seemed reasonable. There was a war going on. The government needed money to buy weapons and mobilise troops. It wasn’t seen as a big ask for a 1–3% tax.
Money in itself is whatever we all decide to accept, but also it’s whatever the central banks decided we should accept. A central bank for instance could decide that thin pieces of plastic will no longer be money.
I don’t think bitcoin is the biggest threat to banks. Instead they should be far more worried about two tech giants growing in the East. I would argue this is an inevitable move.
The recent correction represents a decline of just over 9% from the peak. That compares to a decline of 5.1% earlier in the year. That is a solid dumping of stocks. Why the panic?
It’s not looking great if you’re planning an overseas holiday. But if you’re not, then this just may be what you’ve been waiting for.
At time of writing, WiseTech Global Limited [ASX:WTC] shares are trading at $16.59, a whopping 9.59% down from yesterday’s trading price. No doubt, today’s fall comes from the extreme Wall Street sell-off that has taken place over the last 24 hours.
There’s one Melbourne fintech looking to take the cake. They want to revolutionise the world…three seconds at a time. Is the dream of decentralised payment systems closer than we think?