Thought Starters

The following is a collection of articles and thought pieces highlighting interesting trends and changes in the world you and I live in.

Authors of The Age of Cryptocurrency, Michael  Casey and Paul Vigna talk about how Bitcoin is no longer being seen as a novelty in the world’s financial system.

Leslie Berlin provides a valuable account of the history of Silicon Valley, pointing to the technical, cultural, and financial forces that have shaped its growth.

Silicon Valley
Santa Clara Valley before it became Silicon Valley, OSU Special Collections.

Amazon recently released its financial results which broke out figures for its AWS cloud computing offering for the first time. Ben Thompson profiled the growth of Amazon and the increasingly important role that AWS now plays for the tech juggernaut, fueling the company’s forays into new markets. Jan Dawson on the other hand takes a critical look at some of Amazon’s forays into foreign markets which have met with mixed success and suggests that the company should double down on those markets where it has critical mass.

Amazon Services
Amazon’s array of services with Jan Dawson arguing that the company should concentrate on depth rather than reach.

Elon Musk’s launch of Tesla Energy has raised a lot of comments about the disruption of the electricity sector. Davide Castelvecchi takes a more critical view

Senior fellow at the Centre for Global Development, Michael Clemens argues the case for opening Europe’s doors to immigration, providing a marked contrast to politicians response in the European Union.

The UK election has come to a close and I can’t claim to be happy with the result. The Financial Times has some valuable data visualisations which allow readers to quickly grasp trends in voting.

Screen Shot 2015-05-09 at 10.55.28

Want to know where you’re likely to find racism? PLOS ONE used Google’s search data, providing a source of information that’s free of some of the biases traditionally associated with survey data on racism:

Google Racism

Ryoji Ikeda’s Supersymmetry exhibition at the Vinyl Factory’s Brewer Street Car Park space is well worth a visit for fans of digital art at a more visceral level.

The featured image is 1010 piece in Fondi, Italy for Memoire Urbane and published in StreetArtNews.

Trends to Watch: Bitcoin reducing hurdles

I was asked to have a look at some of the trends that I feel are likely to have a considerable impact on the consumer landscape. This is the third in the series, after pieces on mobile enhanced retail and quantified health.

There has been a lot of debate in the business press about the opportunity Bitcoin presents to investors. Whilst the future value of Bitcoin is a point of considerable debate, Bitcoin and other cryptocurrencies are likely to have considerable impact on how consumers buy and transfer funds in the future.

Traditional online and foreign exchange payment systems take significant fees for the purchase of goods and conversion of currencies, with typically higher fees in the developing world.

Using Bitcoin provides the opportunity to avoid these gatekeepers (and some of their protections), lowering the fees encountered by consumers and businesses. For consumers, this has the potential to ease payments abroad, reduce prices and enable the purchase of new goods and services via micropayments.  It’s in the growth of micropayments that we are likely to see the most significant change for consumers, as businesses are able to fund services that were previously uneconomic (eg payment for access by article rather than for the whole publication for online media).

Kipochi: Getting money back to loved ones

Kenyan based Kipochi provides a mobile app enabling consumers to send funds internationally. This provides an important innovation for remittance payments given the 10% charge that Western Union and other money transfer agencies typically charge.

Kipochi

BitWall: Making it easier to support publishers

BitWall gives web publishers the opportunity to charge visitors to their online content via a small one off Bitcoin payment, subscription, via tweeting or watching an advert. Bitwall system integrates with the Coinbase digital wallet system enabling conversion between Bitcoin and US$.

BitWall

Fancy: Fancy that?

Ecommerce website and social network Fancy now provides consumers with the opportunity to pay by Bitcoin. Similarly, ecommerce operators using Shopify are now Bitcoin enabled via integration with BitPay.

Fancy Bitcoin

BitTag: How much is that?

One of the problems retailers face in introducing Bitcoin payments is the fluctuating value of the cryptocurrency. This can be more readily managed for ecommerce but provides a bit more of a challenge for bits and mortar retail. BitTag have looked to overcome this by introducing digital price tags which give real-time pricing of goods in Bitcoin.

BitTag
BitTag