The Foculus Rift

Andy in the Rift

Enjoying some Rift Gaming

I awoke this morning to the news that Facebook has now acquired Oculus, the company behind the Rift.  Outside of Mark and Palmer‘s Facebook posts this appears to have been greeted with an enormous amount of vitriol across the Net.  That alone is reason enough to dust off the blog, and do a more detailed piece about why I actually think it’s a good thing. [Continue reading]

Banking 2.0

Image Credit: from 401(K) on Flickr

Image Credit: from 401(K) on Flickr

Since the financial crash in 2008, I’ve been thinking a lot about how to do a disruptive startup in the finance sector.  It’s much better karma to work on how to make existing players irrelevant, than it is to just moan “that’s not fair”.  This is the nature of entrepreneurship, you look for opportunities to disrupt existing markets, because as the small guy you rarely get to compete fairly within the existing rule-set.

While the banks are a very suitable Goliath to play David against, it’s hard to achieve disruption because of their Unfair Advantage.  If you’re not aware, banks have been employing something known as Fractional Reserve banking, which in the UK we’ve been using since we left the Gold Standard in 1931.

In a nutshell, Fractional Reserve allows the bank to lend out more to borrowers, than they have in reserves – often a lot more.  At the moment this is around 8-9x more.  So for every £1 they have in a saver’s account, they can lend out £9 to borrowers. [Continue reading]

Welcome

Photo Credit: Jimmy_Joe on Flickr

Nearly 13 year ago, I first registered this domain, and it's been serving my mail and server needs well for that time.  However today's the day when I finally get around to putting something up on the HTTP side of things.  1 x Wordpress install la … [Continue reading]

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