Posts Tagged ‘bitcoin’

Evolution of Bitcoin

As videos go, I enjoyed the short and sweet Panel on The Evolution of Bitcoin held at Goldman Sachs.

Bitcoin selling points by Balaji Srinivasan, CEO of 21 Inc and Board Partner at a16z:

  • packet based money
  • protocol
  • unified way of transferring value
  • every entity can have a bitcoin wallet
  • four-sided network: miners, developers, merchants, users

I highly recommend watching the video.

Bitcoin in Malaysia – January 2015 edition

This is more for me, rather than anyone else (just like everything here), but its worth keeping track of the Bitcoin scene in Malaysia (at a time when Bitcoin is tanking).

For Bitcoin news, its Bitcoin Malaysia – its no CoinDesk, but the founder, Colbert Lau, does evangelise Bitcoin quite a lot. It is from there, I learned that BolehVPN, probably the most popular VPN service in Malaysia, accepts Bitcoin. Or that a petrol station accepts Bitcoin too.

Then there are Arsyan Ismail’s list of startups, notably a Bitcoin Exchange Malaysia, ked.ai (a marketplace), cryptomarket.my (a market/exchange). I’m not sure what the focus of these companies are (many look like minimum viable products).

Then what I think is the most interesting Bitcoin-related startup focusing on the blockchain? Neuroware (disclosure: I have been talking a lot to one of the founders and may end up advising the company). They focus on blockchain technology, and keep track of Bitcoin, Dogecoin and Litecoin. They have blockchains.io (similar to Blockchain.info but opensource). They also have their main product: blockstrap — a HTML5 framework, also opensource. There are some good articles at Digital News Asia: Neuroware: New bit on the blockchain and Coindesk: Neuroware Launches ‘Future-Proof’ API for Cryptocurrency Apps.

Will we see more people accept Bitcoin? Will there be Bitcoin ATMs (there was one in Bangsar Shopping Centre but it has since closed)? It should be interesting to see how Bitcoin and the blockchain itself evolves in 2015.

Bitcoin Exchanges can’t work in Malaysia

News today: Genneva (gold trading company, launched by former Prime Minister Mahathir) Malaysia director charged with accepting deposits without a license.

So if you’re thinking of a Bitcoin exchange in Malaysia, think again. Bank Negara Malaysia obviously doesn’t think much of Bitcoin. How will you accept deposits without a license? 

Singapore on the other hand proves itself to be in the forefront of finance: treat Bitcoin like a product. Read the full IRAS statement. Singapore is about to get its first Bitcoin ATM soon.

For further reading, see the BAFIA 1989, in its entirety. Once again, laws that prevent innovation.


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