[Music]
why this is their long life to digital
fine is destoying I never thought it
would sound a bit silly when I first
wrote it down when it’s prepared for my
TEDx but hey let me explain what I mean
by that but first of all shall I
introduce myself
hello everyone my name is has been said
I mean Harry fee as and I worked as a
private banker trader and now I’m an
entrepreneur
during my experiences at Barclays Asian
pickups and management’s and along with
other worldwide organizations financial
once it became clear to me and
throughout time
digitalization social media used fake Oh
genuine are taking over our
understanding of the market we trade
nowadays by an information impact up in
the market regardless of any fundamental
knowledge is given the digital world and
digitalization is changing everything
it’s changing relationships States jobs
and the impact in the money value and
the financial area is even greater
it’s not about profits but more about
building relationships it’s not about
trades but more about Asian values
it’s not about Commerce anymore but more
about comments chairs and even like
sometimes because we leave it not you
can make money out of it but for a
deeper understanding of the digital
world of today let’s go back in time so
we can understand what will come from I
quite remember a few years ago when I
was preparing for my masters in London I
remember a great financial professor who
started his lecture by saying and I
quote him he said guys – is really
simple you only have to remember two
rules only rule number one make money
rule number two make sure you remember
rule number one and that was it actually
yeah because um finalist was about that
rules were really simple we didn’t have
to do much we just had to make decisions
and trades open you know big
informations brought by software’s like
bloomberg writers the bad book for us
that cost millions and they were
computing and analyzing and given to us
all the information that we needed then
we had just two white short modify or
maintain our position in the market
what’s the easy double do you think yeah
actually it was but a heartbeat Josh it
becomes when you have to make decisions
trades I mean in the financial area open
events tastes even rumors and events
again it became harder for us in 2009
when storms came
there’s a prompt rises I’m talking about
the word crisis we were facing major
questions and it was really tough
because everything’s changed the process
has changed and yet we were playing by
the same room we were stuck hopeless use
this with our understanding of the
market and yet we were playing by the
same rules again we didn’t know what you
do
neither did our superiors and we were
facing major severe hard questions at
that time because everyone was blaming
the financial guy right some face it you
know somewhere fired with the downsizing
somewhere reassigned or changes of jobs
but me may be jailed in some extreme
cases and
at that time few newcomers made the
money out of that whole mess these
newcomers are geeks IT experts who
changed the finest profoundly they
create new codes new process to finest
operate and the digital wasn’t a support
but was the finance in the heart of –
destroying crowdfounding rock chain
bitcoins FinTech which is financial it’s
a combined word finance and technology
which is FinTech became the new
technical words they brought their words
those words and they came up with a new
whole process because there was a need
and the need was ethical cheap free
trusted network to operate within and
satoshi nakamoto between 2007 2009 I
think he developed the blockchain
technology and the beach coins currency
and he came with a new process for
financial grades so here I’m just gonna
make a comparison between what we used
to do but we believe I mean even now
still in some countries in some you know
in financial areas and the difference in
the blockchain and the bitcoins
technology so about few years ago when I
was when I still when I was a banker I I
mean a transfer used to take us five to
ten working days Monday through Friday
with limited days to proceed five days a
week like this we it’s 253 days a year
whereas with the blockchain technology
and the Beach College money you can
transfer peer-to-peer in real time in a
trusted network with almost zero costs
millions you know Sunday morning again
how’s that for change well it’s changes
everything
but not get me wrong when I talk about
new revolution the new revolution is
more about the blockchain the bitcoins
because I want to explain it later
the bitch comes it’s not a major
component of the financial system and
the economy yet banks like BBVA you UBS
something their City and Barclays my
previous Bank are developing inside and
I’m talking again about the blog about
the blockchain technology because it
wipes out a whole supply chain system
you have a trusted network to operate
within very cheap possibly unhak still
till now because it’s not stored in a in
a server it’s everywhere it’s on the net
right but what about the bitcoins now to
talk about bitcoins I want to give some
numbers and some figures because I think
they matter and here we go we have here
that’s the money supply in 2016 that’s
the bitcoins pretty small as you can see
and that’s in one I’m just comparing the
money supply in bitcoins in 2016 in
America USD US Dollars and here with m1
m1 is just some just a name it’s just an
aggregate you know for to measure its
coins and banknotes that’s it
and m2 its m1 plus because in liquid
assets the cars illiquid assets is the
oldest car survey saving accounts money
that you have in Bank and Gaza liquid
assets again like chairs that you can
sell easily and get money out of it so
the bitcoins in 2007 in 2016 sorry
which is something like 7 billion
against 12 trillions in money supply
which is I mean the
money system in United States if we
compare the bitcoins in terms of
percentage is 0.05 percent it’s nothing
it’s peanuts
well in 2015 Goldman Sachs came up with
the number of 1.5 billion in equity debt
and equity that in Europe by PHP London
in crowdfunding against my hundred
twenty five billion made available
bystanders loans from banks which is
only 0.16 percent in FinTech financial
so just have to keep in mind to number
0.05 you know money circulation bitch
coins and the FinTech in general it’s
0.16 percent as I said it’s nothing his
penis except to memorize everything why
that number the first one the seven
billion in 2016 in bitcoins raised in
one year to reach here this is not a
graph by the way this is the blockchain
website that number raised from here
this is November 3060 but before it was
seven billion to reach something about
eighty four billions this almost 13
times with twelve times it’s increasing
but it’s not soaring it could be
exponential but the bitcoins technology
has to have to face some major obstacles
overcome some that those obstacles and
those I mean I’m just gonna enumerate
them as I see them the first one is
there is no regulation at any stage so
in the bitcoins in the blockchain
technology you have doji businesses that
operates within like drug dealing
terrorism financing it has a name now
it’s called not mistaken it’s the shadow
banking right yeah and the second
problem is there is no third party no
middleman no one as an intermediate and
that bothers our financial institutions
because they’re not making money you
know
and so they started pushing in there our
credibility in 2014 with the devolution
of the bitcoins and they said it was
quite amazing why because they spoke for
the first time big banks and financial
institutions they spoke really simple
language for the first time and they
said with the bitcoins technology you
can win a lot as you can lose everything
that’s very very very volatile and very
dangerous the third problem and in my
point of view is the largest one and the
biggest one
it’s the non understanding of this
technology we still prefer a PHP money
relationship rather than a screen to
screen one I prefer educated with the
branch myself and speak to my banker
rather than you know log in you know
dodgy website give my bank details and
start you know trading and I speak about
digital finance so what are we doing to
embrace the change to be back with it to
keep up with it social awareness and
educational system I would bet but guess
what we are not there yet
because what’s happening our cheese
finest myself she master students and
the courses the modules are so outdated
that we are teaching history of Finance
we are producing a new generation of
useless bankers you know in an era of
digital marketing everything is going
fast in faster so I’m just wondering
every time any time when I stopped
teaching how come in most business
schools we don’t have digital marketing
digital finance as a lecture just a
lecture not a master but just a lecture
it’s not a luxury it’s a must so um we
now say that you know I’m just gonna
bring my my personal experience when I
started the my last company MRCC and
I moved from the financial area to the
higher education field and consultancy
and I embraced the change because I use
digital marketing you know I was
learning because I was defined as a guy
yes and I got good results in the early
stages because I embraced the change all
changes come with a great opportunity
ahead and we when we you when you work
sorry when you work through something
new bill read issue phase two major
obstacles obstacles that comes within
but not from your surrender obstacles I
named as the impact of your failure and
a centrality uncertainty comes about the
fact that you are doing something new a
major breakthrough and you have no one
to compare yourself with the second
problem is the impact of you early
failure because you are learning expect
you good to get great results from the
beginning you have to fool down before
you know you shine and there’s two
obstacles that you have to overcome are
coming from within no and you have to
work on yourself because as always said
you can get away from yourself as he
said but moving from one place or
another the real deal is to face your
biggest fear dread and tread which is
you the you that stops you from getting
what you really want what you deserve to
be not to get I’m not talking about
money doesn’t matter anymore all changes
come again with a great opportunity
ahead so embrace the change and open
yourself your horizons I say amen to
that
and thank you everyone
[Applause]
why this is their long life to digital
fine is destoying I never thought it
would sound a bit silly when I first
wrote it down when it’s prepared for my
TEDx but hey let me explain what I mean
by that but first of all shall I
introduce myself
hello everyone my name is has been said
I mean Harry fee as and I worked as a
private banker trader and now I’m an
entrepreneur
during my experiences at Barclays Asian
pickups and management’s and along with
other worldwide organizations financial
once it became clear to me and
throughout time
digitalization social media used fake Oh
genuine are taking over our
understanding of the market we trade
nowadays by an information impact up in
the market regardless of any fundamental
knowledge is given the digital world and
digitalization is changing everything
it’s changing relationships States jobs
and the impact in the money value and
the financial area is even greater
it’s not about profits but more about
building relationships it’s not about
trades but more about Asian values
it’s not about Commerce anymore but more
about comments chairs and even like
sometimes because we leave it not you
can make money out of it but for a
deeper understanding of the digital
world of today let’s go back in time so
we can understand what will come from I
quite remember a few years ago when I
was preparing for my masters in London I
remember a great financial professor who
started his lecture by saying and I
quote him he said guys – is really
simple you only have to remember two
rules only rule number one make money
rule number two make sure you remember
rule number one and that was it actually
yeah because um finalist was about that
rules were really simple we didn’t have
to do much we just had to make decisions
and trades open you know big
informations brought by software’s like
bloomberg writers the bad book for us
that cost millions and they were
computing and analyzing and given to us
all the information that we needed then
we had just two white short modify or
maintain our position in the market
what’s the easy double do you think yeah
actually it was but a heartbeat Josh it
becomes when you have to make decisions
trades I mean in the financial area open
events tastes even rumors and events
again it became harder for us in 2009
when storms came
there’s a prompt rises I’m talking about
the word crisis we were facing major
questions and it was really tough
because everything’s changed the process
has changed and yet we were playing by
the same room we were stuck hopeless use
this with our understanding of the
market and yet we were playing by the
same rules again we didn’t know what you
do
neither did our superiors and we were
facing major severe hard questions at
that time because everyone was blaming
the financial guy right some face it you
know somewhere fired with the downsizing
somewhere reassigned or changes of jobs
but me may be jailed in some extreme
cases and
at that time few newcomers made the
money out of that whole mess these
newcomers are geeks IT experts who
changed the finest profoundly they
create new codes new process to finest
operate and the digital wasn’t a support
but was the finance in the heart of –
destroying crowdfounding rock chain
bitcoins FinTech which is financial it’s
a combined word finance and technology
which is FinTech became the new
technical words they brought their words
those words and they came up with a new
whole process because there was a need
and the need was ethical cheap free
trusted network to operate within and
satoshi nakamoto between 2007 2009 I
think he developed the blockchain
technology and the beach coins currency
and he came with a new process for
financial grades so here I’m just gonna
make a comparison between what we used
to do but we believe I mean even now
still in some countries in some you know
in financial areas and the difference in
the blockchain and the bitcoins
technology so about few years ago when I
was when I still when I was a banker I I
mean a transfer used to take us five to
ten working days Monday through Friday
with limited days to proceed five days a
week like this we it’s 253 days a year
whereas with the blockchain technology
and the Beach College money you can
transfer peer-to-peer in real time in a
trusted network with almost zero costs
millions you know Sunday morning again
how’s that for change well it’s changes
everything
but not get me wrong when I talk about
new revolution the new revolution is
more about the blockchain the bitcoins
because I want to explain it later
the bitch comes it’s not a major
component of the financial system and
the economy yet banks like BBVA you UBS
something their City and Barclays my
previous Bank are developing inside and
I’m talking again about the blog about
the blockchain technology because it
wipes out a whole supply chain system
you have a trusted network to operate
within very cheap possibly unhak still
till now because it’s not stored in a in
a server it’s everywhere it’s on the net
right but what about the bitcoins now to
talk about bitcoins I want to give some
numbers and some figures because I think
they matter and here we go we have here
that’s the money supply in 2016 that’s
the bitcoins pretty small as you can see
and that’s in one I’m just comparing the
money supply in bitcoins in 2016 in
America USD US Dollars and here with m1
m1 is just some just a name it’s just an
aggregate you know for to measure its
coins and banknotes that’s it
and m2 its m1 plus because in liquid
assets the cars illiquid assets is the
oldest car survey saving accounts money
that you have in Bank and Gaza liquid
assets again like chairs that you can
sell easily and get money out of it so
the bitcoins in 2007 in 2016 sorry
which is something like 7 billion
against 12 trillions in money supply
which is I mean the
money system in United States if we
compare the bitcoins in terms of
percentage is 0.05 percent it’s nothing
it’s peanuts
well in 2015 Goldman Sachs came up with
the number of 1.5 billion in equity debt
and equity that in Europe by PHP London
in crowdfunding against my hundred
twenty five billion made available
bystanders loans from banks which is
only 0.16 percent in FinTech financial
so just have to keep in mind to number
0.05 you know money circulation bitch
coins and the FinTech in general it’s
0.16 percent as I said it’s nothing his
penis except to memorize everything why
that number the first one the seven
billion in 2016 in bitcoins raised in
one year to reach here this is not a
graph by the way this is the blockchain
website that number raised from here
this is November 3060 but before it was
seven billion to reach something about
eighty four billions this almost 13
times with twelve times it’s increasing
but it’s not soaring it could be
exponential but the bitcoins technology
has to have to face some major obstacles
overcome some that those obstacles and
those I mean I’m just gonna enumerate
them as I see them the first one is
there is no regulation at any stage so
in the bitcoins in the blockchain
technology you have doji businesses that
operates within like drug dealing
terrorism financing it has a name now
it’s called not mistaken it’s the shadow
banking right yeah and the second
problem is there is no third party no
middleman no one as an intermediate and
that bothers our financial institutions
because they’re not making money you
know
and so they started pushing in there our
credibility in 2014 with the devolution
of the bitcoins and they said it was
quite amazing why because they spoke for
the first time big banks and financial
institutions they spoke really simple
language for the first time and they
said with the bitcoins technology you
can win a lot as you can lose everything
that’s very very very volatile and very
dangerous the third problem and in my
point of view is the largest one and the
biggest one
it’s the non understanding of this
technology we still prefer a PHP money
relationship rather than a screen to
screen one I prefer educated with the
branch myself and speak to my banker
rather than you know log in you know
dodgy website give my bank details and
start you know trading and I speak about
digital finance so what are we doing to
embrace the change to be back with it to
keep up with it social awareness and
educational system I would bet but guess
what we are not there yet
because what’s happening our cheese
finest myself she master students and
the courses the modules are so outdated
that we are teaching history of Finance
we are producing a new generation of
useless bankers you know in an era of
digital marketing everything is going
fast in faster so I’m just wondering
every time any time when I stopped
teaching how come in most business
schools we don’t have digital marketing
digital finance as a lecture just a
lecture not a master but just a lecture
it’s not a luxury it’s a must so um we
now say that you know I’m just gonna
bring my my personal experience when I
started the my last company MRCC and
I moved from the financial area to the
higher education field and consultancy
and I embraced the change because I use
digital marketing you know I was
learning because I was defined as a guy
yes and I got good results in the early
stages because I embraced the change all
changes come with a great opportunity
ahead and we when we you when you work
sorry when you work through something
new bill read issue phase two major
obstacles obstacles that comes within
but not from your surrender obstacles I
named as the impact of your failure and
a centrality uncertainty comes about the
fact that you are doing something new a
major breakthrough and you have no one
to compare yourself with the second
problem is the impact of you early
failure because you are learning expect
you good to get great results from the
beginning you have to fool down before
you know you shine and there’s two
obstacles that you have to overcome are
coming from within no and you have to
work on yourself because as always said
you can get away from yourself as he
said but moving from one place or
another the real deal is to face your
biggest fear dread and tread which is
you the you that stops you from getting
what you really want what you deserve to
be not to get I’m not talking about
money doesn’t matter anymore all changes
come again with a great opportunity
ahead so embrace the change and open
yourself your horizons I say amen to
that
and thank you everyone
[Applause]
Please follow and like us: