Last week I went to the CSFI breakfast event and it was great. I’ve been to a CSFI event before (I was one of the panellists), but it was a different format back then.
Last week we went through a document of web links and discussed each one. It was much more interesting than it sounds. Jemima Kelly, the FT journalist who wrote many of those articles was one of the panellists.
What’s in it for anyone except for Facebook? (Left unanswered but with some good points made:
- It could be extremely disruptive and put massive pressure on the big currencies, making them look volatile.
- Governments will try to squash it – and if they do, Facebook might use this as an opportunity to show that it’s not evil.
- Facebook needs to find another revenue stream other than marketing, this might be the first.
- It’s simply/ only an ETF on Fiat currencies).