#dave birch

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Thomas Dolby - One Of Our Submarines

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'Light touch' Bitcoin regulation

'Light touch' Bitcoin regulation

Image copyright Getty Images

Picture caption The virtual-currency regulation is likely to make it easier for businesses working in Bitcoin to work

Jerseyis government is always to expose “light-touch” regulation for digital values, based on the associate chief minister.

Senator Philip Ozouf declared the brand new regulation in…

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[hackingfinance]

(via Are cryptocurrencies a real currency alternative? - YouTube)

Thought leadership: blockchain (not Bitcoin) @parkparadigm @dgwbirch (May 2014) #skatingtowherethepuckwillbe

[hackingfinance]

Anyway, the bottom line is this. Even if new approaches from the acquirers do help to reduce PCI compliance costs, and even if those costs were reducing data breaches, it still might be time for the payments industry to make safer, more secure products so that it doesn't matter if teenage hackers can get into the Xbox network or not, because they can't use the credentials that they steal. There's an obvious way to do this, which is to switch to 2FA solutions that demand tamper-resistant hardware. Preferably solutions that are part of a generalised identity and authentication infrastructure, not something constructed solely for payments. Now, if only consumers had a portable device of some kind that contained some kind of smart chip together with some communications channels and perhaps a simple keyboard and screen…

The costs and benefits of PCI-DSS

@dgwbirch nails it.

[hackingfinance]

Hence the idea of the "near-bank", the service that looks like a bank but that actually provides financial services from a mixture of bank and non-bank providers.

Electric fences and the rise of the near-bank

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The Future of Money Watch as Dave Birch argues that the financial crisis and technological innovation means it is time to rethink our approach to money. (by theRSAorg)