giles.anderson / Giles is on Nostr

Interested in the intersection of technology and finance. And disruption. And other stuff.

Last Notes

2024-09-20 00:41:34

No comment needed:
https://www.forbes.com/sites/digital-assets/2024/09/19/blackrock-reveals-its-quietly-preparing-for-a-35-trillion-federal-reserve-crisis-with-bitcoin-predicted-to-spark-a-sudden-price-boom/

2023-06-20 14:52:08

Finally live….
https://www.businesswire.com/news/home/20230620110605/en/Digital-Asset-Platform-EDX-Markets-Begins-Trading-and-Completes-New-Funding-Round

2023-05-06 18:42:47

For a nothingburger this Bitcoin thing sure seems to be a somethingburger.
"The monetary authority banned operations that allow bank clients to purchase crypto, just days after two large institutions announced they would let clients buy Bitcoin and other digital currencies."
https://www.nobsbitcoin.com/argentinas-central-bank-bans-fintech-from-bitcoin/

2023-04-28 15:19:21

So if the BoE loses on QE holdings and the government is running deficits…. Who is paying the final bill?
Bank of England forecasts £100bn payment from Treasury by 2033 over QE losses https://on.ft.com/3ACC1P6

2023-04-25 02:49:08

First round playoff hockey is the best hockey. The best sports, period. The Stanley Cup has the drama but first round playoff hockey sees all the players still healthy and fit but with the same win or die attitude and it’s better hockey. #GoLeafsGo

2023-04-01 01:26:44

Instead of calling it “making our kids our kids pay our debts” or simply “stealing from our kids,” instead we dress it up as “investing in the future.”
Eventually someone has to pay. Either through debasement or extreme austerity. But our kids will pay either way.
From the Globe and Mail: As governments spend with deficit budgets, Canada’s debt grows in the trillions - https://www.theglobeandmail.com/business/commentary/article-federal-budget-government-deficit-debt/?utm_source=Shared+Article+Sent+to+User&utm_medium=E-mail:+Newsletters+/+E-Blasts+/+etc.&utm_campaign=Shared+Web+Article+Links

2023-03-28 13:27:56

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I look at it as PoW comes to Twitter.

2023-03-25 13:15:36

Wonderful FT article on the state of the 5th Republic in France.
“French technocrats spend their working lives in a few arrondissements inside the Périphérique, the ring road that encircles the Parisian court like a moat. They treat the rest of France almost like a colony, inhabited by smelly peasants who failed to absorb the Parisian culture they had been taught at school, and who vote far right or far left.”
This could just as easily be written about the technocrats in London, Washington, Ottawa, etc.
Is France on the road to a Sixth Republic? https://on.ft.com/3lK26bm

2023-03-08 22:07:32

Anyone wanting to connect up at Consensus to chat Bitcoin, crypto, Fidelity Canada’s regulated crypto trading and custody, Canadian crypto regulations….. would love to connect.
https://www.linkedin.com/posts/giles-anderson-3146414_consensus2023-activity-7038986400813236224-dVza?utm_source=share&utm_medium=member_ios

2023-02-28 18:54:45

My colleague Jack Neureuter with some up to data BTC and lightning metrics. https://twitter.com/j_neureuter/status/1630625452212535302?s=46&t=BroszzJhUxSCAmc6O0Q1bw

2023-02-27 15:13:34

Hugely interesting paper about USD as global reserve currency. Preamble also reminds me of Lowery’s work these days.
“Modern warfare is increasingly taking place outside of conventional and kinetic means and in the economic domain. “
“Money, oil, and security are inextricably linked.”
And if you substitute “oil” with “energy” you understand the PoW - Bitcoin axis.
https://urbankaoboy.substack.com/p/west-point-paper-part-14

2023-02-22 23:38:00

Big steps in crypto regulation in Canada today. It’s been two years since the regulatory framework was released (Staff Notice) 21-239 and in essence the regulators today threw the book at those taking a long time to complete the regulatory process.
Staff Notice 21-332 was released and basically says, if you want to be regulated and are not yet through the process (which began 2 years ago), here is how you will operate.
Staff Notice 21-332 is here
https://www.osc.ca/sites/default/files/2023-02/csa_20230222_21-332_crypto-trading-platforms-pre-reg-undertakings.pdf
And Noah Billick provides a good Cole’s Notes version https://www.linkedin.com/posts/noah-billick_this-morning-the-canadian-securities-administrators-activity-7034204593823600641-qLmj?utm_source=share&utm_medium=member_ios
Do read Noah’s post but here’s the short version.
“New rules include:
- a requirement to use an "Acceptable Third-Party Custodian" that is independent, regulated, and has necessary controls in place, and that will allow Canadian regulators to obtain information about Canadian clients directly from the custodian;
- a total prohibition on margin and leverage offered to any client;
- a commitment by non-Canadian mind and management to not interfere with the activities and Canadian directors' independence, as well as a broad undertaking that will "ensure that their activities will not undermine the Canadian Filer’s activities and its compliance with Canadian regulatory obligations."
- an exclusion of all crypto assets from the firm's regulatory capital calculation (including proprietary assets);
- Regular delivery of the CTP's financial information to the regulator; and
- A requirement that the CTP engage a Chief Compliance Officer qualified to meet the requirements of an Exempt Market Dealer (this is going to be an issue--there are very few qualified CCOs in the market right now) and the implementation of all of the responsibilities and processes that go along with that.”
In Canada the regulator has not decreed if Bitcoin (etc) is a security or not but today’s Staff Notice had some interesting views on stablecoins (they are probably securities.

2023-02-20 15:45:28

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Would you trust any Hong Kong regulated entity with your crypto? How does one square what we know of “decentralization” in China with bitcoin in Hong Kong?

2023-02-18 20:54:50

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https://twitter.com/stevenmcclurg/status/1626949544855408640?s=46&t=Ph9vdm9_e4F4kM5TOKo4cQ

2023-02-18 14:24:38

https://www.zerohedge.com/crypto/bitcoin-integration-nostr-could-redefine-social-media

2023-02-18 02:10:49

https://www.theglobeandmail.com/politics/article-china-influence-2021-federal-election-csis-documents/

2023-02-17 16:40:55

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Tragedy of the commons? No entry fee for Twitter, so it gets ruined. Must have competence and a bit of effort for NOSTR, so we want it to stay useful?