"What goes up, must come down...and up...and down..."
Will cryptocurrencies reshape the financial system, alongside blockchain, the public ledger of all cryptocurrency transactions? Come and hear the latest thoughts on cryptocurrencies and blockchain led by a panel of industry experts.
Critics argue that there are several impediments built in – around regulation, scalability, volatility and governance, to say nothing of the huge energy use - that will prevent cryptocurrencies becoming the peer-to-peer electronic cash systems envisioned by Bitcoin creator Satoshi Nakamoto and others. The lack of intermediaries, while cherished by Bitcoin proponents, is unlikely to go down well with a mass market which dislikes having no rights, no recourse, no guarantees and no legal coverage. As Mark Carney’s recent remarks demonstrated, it doesn’t go down well with regulators either.
Meanwhile, blockchain also has its critics. The complexity of the underlying technology, concerns over settlement times and customer protection, as well as regulatory challenges has brought its effectiveness into question. And, is blockchain as secure as we believe? The advent of quantum computing brings this into focus.
Come and participate in a discussion led by a panel of industry experts:
Tim Jones CBE, Founder of Tibado and former CEO Nat West Retail, Also, former CEO of the National Employment Savings Trust (NEST)
Bill McCall (panel chair), Senior Vice-President , Chartered Banker Institute
Professor Chris Speed (panellist), Chair in Design Informatics, Edinburgh College of Art