Disrupting Banking

http://www.simondixon.org Presenting at the Bitcoin conference Simon Dixon shares how to disrupt banking and why banking is so indisputable.

There are three industries that need disrupting the most and none of them are disrupted because of three rules and flaws in modern banking.

Simon Dixon shares why at the European Bitcoin conference.

http://www.Simon Dixon.org

Category:

Science & Technology

Tags:

• bitcoin
• digital currency
• electronic currency
• payments
• finance
• peer to peer
• p2p
• educational technology
• internet tips & tricks
• software
• open source
• teaser
• explanation
• motion graphics
• animation
• short help
• financial
• simon dixon
• banking reform

[santaflash]

12 minutes already ... he did not say anything usefull

[bankingreform]

@santaflash What were you looking for?

We are in the middle of the mission and strategy of how others did it is very important. No?

Simon Dixon

[santaflash]

@bankingreform If you will look close at next 3 technologies you don't need to look further - Bitcoin, Open Transactions, Ripple pay. The question is - what is the best entry/apply point for them today to start replacing regular banking...

[bankingreform]

@santaflash That is why I presented at Bitcoin to discuss strategies for getting further adoption.

We were looking at integrating Bitcoin into BankToTheFuture in the next development round.

The challenge is that technology people are driving the marketing. It requires some better marketing and that involves understanding what the customers want.

That is where the journey begins. The usability needs a lot of work and the anonymous thing is something most people dont want.

[santaflash]

@bankingreform btw, did you hear about Hawala, they don't have banks but transfer billions of USD around... they don't need banking reforms...

[bankingreform]

@santaflash Amazing. How did that happen. Were they using SMS systems. I am very interested to hear more,.

Thanks for sharing.

Simon Dixon

[Here2njoy]

@benjamindees All the people in the world can fit into the size of TEXAS at the same population density as Japan. Population is not the problem, DEBT SLAVERY and helping out instead of helping up IS!

[Here2njoy]

I believe in some cases "FREE" is great. First because 'eyeballs" have value. The more eyeballs you have the attention of the more evolution you can cause to be. Free gets the eyeballs NOW and then the advertisers take over and the disruptive technology begins.

[benjamindees]

Simon, making things free doesn't cause unemployment. Overpopulation causes unemployment. I'll leave it to you to figure out what causes overpopulation.

[santaflash]

@bankingreform they were using fax, phone and email. Look about it at Wikipedia. Sorry for being harsh but I did not see anything new in your talk, however, you have spent a lot of time studying this subject and your knowledge can be very valuable in finding weak place where Bitcoin can win easily