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Scooped by Deb Nystrom, REVELN
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What is a Bitcoin, Besides Being Complicated? Try Virtual Finance 2014.

What is a Bitcoin, Besides Being Complicated? Try Virtual Finance 2014. | Change Leadership Watch | Scoop.it

Bitcoin and cryptocurrencies are complicated.  ...bitcoin is the rabbit leading us further down into the rabbit-hole.

     

A BitCoin is a complex digital product that is not legally currency but used as currency and is exchanged for "ordinary income," so there are therefore, tax implications.

 

....If regulators choose to attempt to shut it down, they will only push innovation overseas, possibly to China where already companies like Baidu accept it.


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Deb Nystrom, REVELN's insight:

I've paraphrased the direction of the article and scooped it here, in  Change Leadership Watch for three reasons:

1) Welcome to World 2014.   We chose what in the virtual world will become real.   Bitcoins and digital currency don't have legal standing as currency, except that people are quite actively using them as currency.  If income is earned, even if it isn't legally seen as currency, it is taxable and deductible.


2)  Bitcoin is connected to the famous Winklevoss twins, as mentioned in the film, "The Social Network" (juicy quote in the PS below.)  For all the kvetching about Facebook, WHO, in the USA, hasn't been touched by this social media giant's influence and marketing reach?  If you have a cell phone, developing nations are included in not only Facebook's reach, but perhaps ANY digital business.


3)  The Wild West side of finance is not disappearing anytime soon. Regulation will simply define where it will find a home somewhere on the globe.  Read the last statement excerpted above as the example.  Shut down USA use = shift to China or <fill in eager country here.>


PS:  Here's the quote:   Tyler Winklevoss: We can do that ourselves [beat up someone who stole their intellectual property.] I'm 6'5", 220, and there's two of me.

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Rescooped by Deb Nystrom, REVELN from The Social Media Learning Lab
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Digital Change: Why CapGemini Is Refocusing their Management Consulting Practice on Social Business | Seek Omega

Digital Change: Why CapGemini Is Refocusing their Management Consulting Practice on Social Business | Seek Omega | Change Leadership Watch | Scoop.it

Competitors & others are creating the digital change scenarios.


CapGemini’s decision was supported by Andy McAfee, MIT’s Principal Research Scientist for Digital Business, in that,


“analog companies eventually are going to get swept aside by digital companies. It’s my firmest belief about the future of business.”

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