Friday, 04 December 2020

A Analysis

Yesterday, I attended (and apparently partially disrupted) the Bitcoin Law: Regulatory and Transactions Symposium at the New York Law School yesterday morning. See pics below, and make no mistake about it... the world is putting serious intellectual capital into the bitcoin economy now. There's no turning back!

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This panel presided over a discussion of payments and transactions...

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Needless to say, the topic of Apple and Apple Pay came up. All of a sudden... BOOM! The RDF appeared out of nowhere and filled the room. Apple is this, Apple is that, Apple is so great as compared to Google. My regular readers and followers know the routine.

My regular readers and followers also know that I couldn't just sit back and let the Apple RDF simply disrupt everything true, factual and real, so I stepped in and... well, I disrupted :-). Unfortunately, I didn't get video of it since I was the one disrupting so I decided to put a little home made video in after the fact. Enjoy!

Those who wish to try our new trading platform to go long or short Apple or Google, or both - simply download the client and the quickstart guide, and let 'er rip! Remember, this is the only place you can trade at this level - peer to peer, without banks, brokerages or exchanges and the counterparty/credit risk and privacy issues that they introduce.

aapl trade

 I sat down with about a dozen or so (legal, executiuon, KYC and AML) higher level executives of one of the world's largest banks today. It was a fruitful discussion. The following is the document that was given to serve as a guide to the discussion.

Banking Risk Reward and Demise - The Age of Programmable Currencies Page 03

It is interesting to notice how many truly competent individuals and companies truly believe that new technologies are what disrupts industries and markets. Trust me, it is not! Broad disruption occurs at the hands of astute operators that manipulate new (and often not so new) technologies to leverage an innovative business model that strikes at the weakness(es) of the extant market leadersBanking Risk Reward and Demise - The Age of Programmable Currencies Page 04Banking Risk Reward and Demise - The Age of Programmable Currencies Page 05Banking Risk Reward and Demise - The Age of Programmable Currencies Page 06Banking Risk Reward and Demise - The Age of Programmable Currencies Page 07Banking Risk Reward and Demise - The Age of Programmable Currencies Page 08Banking Risk Reward and Demise - The Age of Programmable Currencies Page 09Banking Risk Reward and Demise - The Age of Programmable Currencies Page 10Banking Risk Reward and Demise - The Age of Programmable Currencies Page 11Banking Risk Reward and Demise - The Age of Programmable Currencies Page 12Banking Risk Reward and Demise - The Age of Programmable Currencies Page 13Banking Risk Reward and Demise - The Age of Programmable Currencies Page 14Banking Risk Reward and Demise - The Age of Programmable Currencies Page 15Banking Risk Reward and Demise - The Age of Programmable Currencies Page 16Banking Risk Reward and Demise - The Age of Programmable Currencies Page 17Banking Risk Reward and Demise - The Age of Programmable Currencies Page 18Banking Risk Reward and Demise - The Age of Programmable Currencies Page 19Banking Risk Reward and Demise - The Age of Programmable Currencies Page 20

 

In BitLicense Part 1, we explained how debilitating the proposed NYS Department of Financial Services rules on Bitcoin companies would have been had it been applied to the last major technological breakthrough - the Internet. In a nutshell, we would all be surfing to slow web pages controlled by bank portals.

In BitLicense Part 2, we clearly demonstrated that while Internet technologies have pushed the prices of practically EVERYTHING down while the performance and quality have risen, bank product pricing has literallly skyrocketed in the same timeframe with no material increase in quality. Why is that? Well...

In BitLicense Part 3, we showed all that the proposed (and applied) regulations act as a monopolistic/oligarchal barrier that prevents smaller companies from pushing innovation to increase product/service quality and from dropping prices. We even went so far as to rewrite the proposed BitLicense to prevent and avoid the inevitable "robbing" of the consumer by entities that are essentially protected by regulation and seemingly immune and definitely resistant to the (vastly consumer beneficial) advances of technological change.

Well, here, we will clearly and succinctly demonstrate exactly how much that 'inevitable "robbing" of the consumer by entities that are essentially protected by regulation and seemingly immune to technological progress actually costs over time in two very simple, but information-packed charts....

banking prices normalized and adjusted for inflation

 As you can see from the chart above, banking products and services pricing has outstripped every consumer staple in price appreciation since the 1997 base year sans the two year period where the US put over $1 trillion in bailout aid into the industry (which essentially makes the services even more expensive, during said period, to the tax paying, savings orientated consumer)!

banking prices compared to inflation adjusted income

The chart above illustrates how banking product pricing growth rates outstrip income growth rates when inflation adjusted and normalized. Why haven't bank profits and revenues reflected such a stark increase in pricing? Because the monies are going to fund the (oft hidden) black holes in bank balance sheets and businesses that caused the 2008 financial crisis. 

Veritaseum's UltraCoin easily beats conventional bank product and service pricing by a magnitude. From the mundane, to the complex. I urge all to read "Using Veritaseum's UltraCoin To Take Direct, Specific Positions On The Argentine Default For As Little As $5!" for an example or download our quick start guide to get an idea of what the new wave of value transfer feels like.

Are you interested in a more competitive financial landscape that breeds better pricing and superior services? Well, now you can do something about it.

  1. Step oneDownload the future of money, now! See for yourself what the banking industry is up in arms about. More importantly, witness first hand, the power of Bitcoin technology. 
  2. Step two: Stop the BitLicense proposed legislation that simply furthes the forces that allow these price increases in the face of global price deflation.  We strongly urge you to  voice your own opinions to Superintendent Lawsky, the man who has the authority to put a stop to this overpricing power (althought current actions are heading in the opposite direction) right now.
  3. Step three:Become proficient in the “new” way of performing trades of value. I’m quite confident that once investors, traders, speculators and those in need of hedging services become aware of what’s possible with programmable money, there’s no turning back – regardless of legislation. Think of how far Uber has gotten in the livery industry simply by offering superior services! Look here for a strong example, and remember this is not going though and exchange, is peer to peer, and has less credit or counterparty risk than any comparable product we can think of. Download the future of money, now and experience a new way of trading value - witness a simultaneous increase in value and decrease in price over existing finacial services by taking advantage of the Bitcoin protocol. The Bitcoin protocol is to the banking industry what the Internet protocol was to the media industry.

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My Twitter Updates

Wednesday, 02 December 2020 20:34
ReggieMiddleton Reggie Middleton Predicts Bank Demise (at least as we currently now them): Pipeline vs Veritaseum-style Platforms https://t.co/Dhkx6tXkwf
Tuesday, 01 December 2020 20:29
ReggieMiddleton CNBC reports: Square and PayPal may be the new whales in the crypto market as clients flock to buy bitcoin… https://t.co/vuxkd5aaM9
Tuesday, 24 November 2020 16:18
From TweetDeck
ReggieMiddleton I do hope nobody believes this is a sustainable increase. It's a big sham where banks are complicit in hiding non-… https://t.co/1iiJlqmV22
Tuesday, 24 November 2020 15:58
From TweetDeck
ReggieMiddleton @GeorgeG41233837 The CDC is not a pharma, that's not their task
Monday, 23 November 2020 15:55

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