Satoshi Nakamoto and the invention of a new currency

Satoshi Nakamoto drew from the history of cryptocurrencies since David Chaum’s seminal blinding formula in the 1980s.  He postulated that the flaw with existing approaches to cryptocurrencies was that a single powerful attacker could undermine and destroy the system.  In order to to defeat the powerful attacker, Satoshi decentralised the control of the cryptocurrency over an …

Consider this an opportunity to learn about the world of finance

Image by LunaDiRimmel via Flickr Over the last few months, we’ve seen a roller coaster ride of unequaled magnitude in the financial markets.  Having been in the institutional banking world myself, I’ve had many friends and colleagues ask me if I can make sense of what is going on out there.  Many are just worn …

Fools, (Hedge) Funds and the Feds

Image via Wikipedia While I was in New York City a few weeks back, I had a book handed to me by my cousin Vinit Sethi.  It was a newly released book, penned by David Einhorn, the founder of Greenlight Capital, where Vinit is also a partner.  It was quite a read.  Fooling Some of …

Microsoft makes Accounting free for small businesses

My pals over at Download Squad wrote about this yesterday:  Microsoft is offering Office Accounting Epxress 2007 for free.  It’s the first time I can recall Microsoft offering a business focused application for free.  I’ve been beta testing the new Accounting 2007 for the last 2-3 months, and it seems to have a nice flow …

PearBudget: An elegant alternative to managing personal budgets

It seems like every new edition of Quicken (or Microsoft Money) adds another needless layer of complexity to the personal expense management process. While it is nice to be able import your bank transactions into those applications, most of the time a quick entry into a spreadsheet is faster, more elegant, and more likely to …

Mainstream migration of Podcasts

Steve Rubel, over at Micro Persuasion, makes a brief mention of new podcast downloads at Fidelity Investments’ Registered Investment Advisor Group.  While not in the true podcast spirit (To access the actual audio, you have to go through a registration process), the fact that Fidelity is offering this service is worth noting. I think we’re …