The 2015 Fintech Headline “RIP Bitcoin and XBRL, Incumbency Wins”

2015 in crypto is going to be fascinating. Blockchain-as-data-utility hasn’t yet had its debut in all manner of business process automation applications (not just payments) – people have been talking about “blockchain not bitcoin” for years. When this idea catches on, we’re going to see the full extent of its disruptive potential – and the rest of the cryptocurrency industry will need to either pivot or die.

For more I’d recommend checking out https://blog.erisindustries.com/products/2014/12/27/step-by-step-eris/

Daily Fintech

I promised myself no New Year prognostication posts, but I could not resist this one.

There is too much gloomy Eeyore talk about disruptive innovation.

Headline # 1:

Bitcoin price is down, mining is too expensive, big bad guys will gang up in a 51% attack to steal the last few ornaments from the burning building.

Headline # 2:

The US Senate will overturn the XBRL Mandate, despite pathetic pleas to #SaveXBRL.

Phew, thank goodness that is over! Stop this crazy innovation express, I want to get off at a familiar station.

I think both gloomy tales are wrong. However nor do I think it will be a “snapback rally” where 2015 suddenly makes all the problems in Bitcoin and XBRL go away.

I stick by my Bitcoin price prediction for 2015 that it will be….boring.

The Bitcoin price won’t be much different as we enter 2016. It wont…

View original post 443 more words