When Harold Wilson said “The Pound in your pocket won’t be affected” he didn’t know about crypto currencies

Money

Life has moved on a great deal since those days, and not least because, slowly but surely, people are carrying less and less cash on them. Only a couple of years ago, the Royal Mint didn’t produce ANY 20p pieces or £2 coins. Why? Because the fall in their use had meant they didn’t need any more circulating.

Rockvilla Pizza in the Rockvilla district of Glasgow have decided to go completely cashless. It may sound like a gimmick, but there are good commercial reasons as well. The Rockvilla  area itself has a lot of interesting history see HERE: https://www.heraldscotland.com/arts_ents/13839562.rockvilla-rises-the-vanished-part-of-industrial-glasgow-set-to-be-resurrected-as-a-theatrical-hub/

Rockvilla Pizza is opening on 23rd July and if you register you can get free pizza!

pizza
Free pizza – with Scotcoin!

Typically, what happens in a venue that takes cash?

First thing in the morning you have to check the float. Do you need more change? Nip to the bank where they will charge you 80p per £100. You give and take change all day and (horrors) when you cash up at night it’s short! Then you have to take the money into the bank where they charge you another 80p per £100. And none of that includes the cost of time and the poor person who has to count it all.

So commercially not taking cash saves quite decent sums of money, as well as a lot of time, and in Rockvilla Pizza’s case they intend to reduce the cost of their pizzas.

So not only will they make full use of contactless (which by the way means there is never a cash shortfall and there is a proper record of every transaction) but their intention is to take Crypto Currencies as well.

Oh and there’s one other benefit: Your insurance premium goes down too. No cash, much lower premium. No cash overnight, much lower premium again. And you don’t have to be insured to take cash to the bank either. It’s a beautiful virtuous circle which means your pizza will be the best value ever!

And don’t forget, if you register  before their official opening on 23rd July, you can get free pizza!!

Register HERE : https://mailchi.mp/9d5da1d556d1/rockvillacomingsoon

Hype Cycle Blockchain

Blockchain has moved on…

Blockchain has moved on since we started this journey. If Bitcoin was first generation Blockchain, Hyperledger was second generation. We are now into THIRD generation, which is described as permissioned decentralized blockchain.

Libra, Facebook’s offering in the digital currency space is exactly that, and Microsoft is clearly committed to blockchain technology. That being the case, you can bet Amazon and Google are not far behind.

In  many ways Scotcoin is lucky that solutions which less than a year ago appeared final and long term, have in fact proven to be less than robust. But we at Scotcoin have remained committed to research and partnerships with credible players in the industry.

We have refined our approach to define 5 pillars on which any solution must stand.

  • 1. An efficient and cost effective migration process. We have some 3500 holders of Scotcoin we need to migrate safely and securely
  • 2. A robust blockchain solution
  • 3. Un-issued surplus coin creation (for reward and future distribution)
  • 4. Access to an efficient secondary market or markets and
  • 5. Crucially, a reliable and durable delivery partner with likely longevity. Present management both of Scotcoin and providers of blockchains will unfortunately not live forever. That means the company we choose to go with must be extremely well capitalised and look to have longevity.

In terms of progress, for 1/2/3 and 5 we have solid ticks. 4 is the crucial one and is the most difficult for all altcoins.

It is however one we have to make sure works for all our holders. In essence it is the provision of liquidity to all Scotcoin users and this has to be guaranteed.

As ever, America is 6 to 9 months ahead of the UK and Europe in this regard, but that does mean we are able to look at solutions being offered and choose the best features. As usual, everything reverts to the mean and what a few months ago was thin on the ground is becoming almost commonplace today.

We have been through the classic hype cycle of euphoria followed by crash and burn, then slow revival and quiet confidence.

hype cycle for Blockchain business 2018

It looks very much as if we are now in this latter stage, with positive developments and progress on the provision of blockchain technology and you can be assured the Scotcoin team is across this.

We at Scotcoin as I say are very much in the penultimate  stages of choosing the long term provider we need, and look forward to announcing our collaboration with them in  the near future, which we aim to secure the future of your Scotcoin predicated on our five pillars.

Scotcoin Advisory Panel and Other News

New Social Media Manager at Scotcoin

Scotcoin welcomes onboard Elizabeth Myles-Geddes as Social Media Manager.

Elizabeth has worked in digital marketing for 7 years with clients as diverse as Harvey Nichols, Heriot Watt University and the Google sponsored Start Up Grinds in Edinburgh and Glasgow. She currently runs her own consultancy advising micro businesses on all aspects of their digital strategy and content and in the past 6 months has helped 3 companies increase their revenues by up to 500% She holds an MSc in International Marketing specialising in Digital Marketing from Heriot Watt University and an Executive MBA from Leeds University.

Counterparty and DEX Market

The situation with the Counterparty Dex is the same as it’s always been – any coin on the protocol is beholden to the value of XCP, Counterparty’s token. You may not have picked up but both Bittrex and Poloniex have stopped trading XCP and TUX will cease trading altogether on 7th July. If you have any coin with them GET THEM OUT! As a result, the value has rapidly disappeared towards $0. We are working towards putting Scotcoin onto its own blockchain, but linked to value of over $5billion. We will no longer have a price which is indicated by a third-party digital currency and which is volatile.

Be assured these current XCP changes will have no adverse effect on Scotcoin  longer term. If you have any XCP you would like to sell, the Scotcoin Project will buy them at $2 per XCP which is more than the existing exchange price OR 10% above prevailing.

Contact [email protected]

Advisory Board

Scotcoin has been working hard to bring together its advisory board and is delighted to announce that it now boasts an impressive collection of 7 individuals who collectively have over 100 years experience in blockchain, finance, sustainability,cryptocurrency, HR and senior management – this team will provide invaluable insight and guidance to the development of the project going forwards. Full details will be announced immediately prior to the MeetUp scheduled for 9th July 2019.

Scotcoin Advisory Panel

The Scotcoin Project as an Educational Resource

The Scotcoin Project is in an excellent position to partner with schools and universities to offer resources to support education around alternative economies and a working model for emerging cryptocurrencies.

Temple Melville is one of only two people in UK certified as CPD instructors for Blockchain and the only one in Scotland, we are currently developing an e-book based on course materials.

Scotcoin is speaking to Stirling, Strathclyde and Glasgow Universities who now offer MScs incorporating Fintech and additionally to Edinburgh University which has its own blockchain and cryptocurrency research hub.

Scotcoin Intern

Scotcoin welcomes our first intern Emma who starts on 15th July for 6 weeks.

Emma is doing a BSc in Business and Economics at Lund University. Elizabeth will be managing Emma and both will be based at Collabor8te.

Third and Voluntary Sectors

Scotcoin wants to strengthen its existing links with BobathScotland, Eat Up, Social Bite and to develop new partnerships in the arts and sustainability industries. If you have any suggestions please let us have them.

Raising Awareness of the Scotcoin Project

We are currently in talks with the Institute of Directors, the Google Sponsored ‘Start Up Grind’ franchise,Turing Festival and Fintech Summit. If you would like us to come and talk to your workplace, your friends or just have a MeetUp where you live, please let us know and we will try to accommodate you.

Special offer

We have a limited number of 500ml bottles of Elderflower Gin. This is from only 120 bottles coming to the UK this year out of a total production of just 5000 bottles. All you have to do is buy 5000 Scotcoin from the exchange and we will send you a bottle free. I can tell you it is delicious!