I recorded an interview about Bitcoin with Elizabeth Lumley of Finextra last week and it has just gone live.

I made the point that Bitcoin is clearly going to be huge. But not for the reasons people commonly suppose.

My take is that, even if it only enjoys modest success as a currency and payment system, that will be sufficient to kickstart a whole other world of innovation. In particular, ideas such as Colored Coins could enable the emergence of truly secure and tradeable property rights over digital assets and the core insights underpinning Bitcoin’s design have implications for how we build systems for our clients.

I also discussed thow the takedown of Silk Road and how it is likely to legitimise Bitcoin in the eyes of mainstream firms and the possibility that autonomous agents in the “Internet of Things” could become economic agents.