Prime Minister Mottley Talks Digital @BITT Conference

Today’s speech by Prime Minister Mia Mottley at the Bitt Conference is one that we would never have heard under the former government. The disruptive explosion of Fintechs across the globe is well documented – the race to transform Barbados from an analogue to digital space finds Barbados playing catchup.

Many will criticize the prime minister for daring to assume risk by integrating emerging technology into the way we do business in Barbados. The blogmaster commends her leadership to digitally transform Barbados. The reality is that we have to or continue to slide to the bottom of the pile on the indices which log competitiveness.  It is noteworthy that in the sub region the Eastern Caribbean Central Bank (ECCB) has rolled out a blockchain pilot with Bitt Inc.

 

422 comments

  • You can never be poor with Common sense, Wisdom, knowledge, discretion, understanding, instruction, counsel, experience, you can have all the money but poor as hell.

    Like

  • Maybe ya should tell that to the lawyers in government who rip off the taxpayers, the elderly and their beneficiaries and pensioners and have for decades and also impart that pearl on the government ministers who sell out the people to minorities, businesses and the first foreigners who smiles at them and bribes them.

    Like

  • A good morning to all….

    In the same way if buying your groceries in a rum shop that you will see bottles of alcohols on shelves, are those who are using Bitt’s mMoney or Wallet products exposed to “advertising” for BiIt’s bitcoin Exchange.

    You may not be a rum drinker, but the possibility of your purchasealcohol is always present when you enter the rum-shop.

    Bitcoins are and must remain a part of the discussion.

    Like

  • Just another legalize scam with built in rules which rips people money away right under their nose if they lose their password

    Like

  • I see two avenues for Bitt mMoney
    1) Protecting current wealth
    *** Will mMoney make it easier to distribute your wealth between the islands?
    **** Is this one way of getting some of your money out before the inevitable devaluing that some speak of?
    or
    2) as a tool for Overstock
    which beggars the question “What does Overstock sees in Bitt?”

    Like

  • I see two avenues for Bitt mMoney
    1) Protecting current wealth
    *** Will mMoney make it easier to distribute your wealth between the islands?
    **** Is this one way of getting some of your money out before the inevitable devaluing that some speak of?
    or
    2) as a tool for Overstock
    which beggars the question “What does Overstock sees in Bitt?”

    This site is probably the best explanation of bitcoins that I have seen
    Easy to read and to understand.
    https://bitcoin.org/en/faq#what-is-bitcoin

    Like

  • Yep, I have come to conclusion that Mia Pronouncement is just smoke and mirrors. More smoke than anything else…

    We have no ideas of what is the ‘true’ arrangement
    How Bitt benefits
    How the government benefits
    Advantages to the man in the street
    Like it or not , this is Fraudel 2
    Fraudel 2 : It says nothing by saying a lot….

    Moving on to other areas

    Like

  • What should be of more concern to present govt is providing safety nets for the most vulnerable
    Placing Barbados econmomy on a growth plan which would provide jobs and create economic sustainability
    Instead of govt proposing fly by night scams to rob people of their savings

    Like

  • So is that the plan…what about the Mia government making sure that sick and injured people have access to medical marijuana FIRST…as the law provides and has since 1991…27 years ago……while no one from either government bothered to tell the people in Barbados and are still pretending it is not so…people died who could have been saved, people suffered and still do who never needed to suffer because the medical marijuana laws provided the avenue they be treated.

    Like

  • All built on platforms of greed where fools will follow gladly

    Like

  • ” Digital transformation of this island’s bread and butter industry is at the top of the agenda for Tourism Minister Kerrie Symmonds.”

    https://barbadostoday.bb/2018/09/23/digital-transformation-of-tourism-a-must-says-symmonds/

    Like

  • Hants,

    The Spiritual Construct of our NOW TIME have crossed over from the Pisces Age into the Aquarius Age.

    The constructs of the former Pisces Age (3D) are being dissolved, this includes certain styles of Governance and monetary systems.

    The new dispensation will usher in unity based Governance, digitized economies and technological advancements in innovation in all sectors.

    These changes can be seen around the world. Citizens of nations are forcing change of Governance, the rise of Cryptocurrencies and it’s technology addressing many facets and solutons to problems in more efficient and concise ways.

    Tourism will definitely be impacted..
    You can expect Health to follow as some very interesting developments and breakthroughs are being made.

    Many do not understand the timeline we are in, they will be found wanting.

    Like

  • pieceuhderockyeahright

    @ Theophyllus

    I wonder if dese clown was to know who you are Effing dem would get on so bout dis scam by Rawdone??

    All of dem does genuflect to de Chairman Mao and seem to believe her shit does not stink like ours and even Rihanna’s irrespective of her perfume line

    Like

  • pieceuhderockyeahright

    @ nineofnine

    Of all the Chairman Mia Mao bittcoin/cryptocurrency/mmoney proselytise here I am most surprised at your endorsement of the unethical practice and policy of Chairman Mia

    She brings back a man and two others here.

    She changes the constitution for that man to make him senator

    She then gets that Senator to launch an unknown company as if he were still a private sector operator

    And then she endorses his bitcoin scheme without sharing any details of this highway robbery.

    Fie upon thee nine of nine

    But then, not to be outdone you add this gem of reasoning to your usually reasonable spiel.

    And I quote “…The spinoffs from this move can secure resident Startup Industries in Health and Digital Health Education, Digital Robotics and engineering, Genome Engineering, Space and Aeronautics, 3D printing etc. of which will become income generation across the board .. a HUB if you please…”

    I have learnt that when a reasonable position (as the Hub concept is) is concatenated and contaminated with hobby, for no apparent reason, then one MUST FEAR THE JOBBY.

    I think it was guest who said that Rawdone must get out of the Senate and face the music as a private sector player.

    @Theophillus

    You are onto something with the vapourware investments that Bittstock purports to have made to this entity yet their shares do not reflect that equity

    Any bad word can make a favourable valuation of their sweat equity but when real cash is invested all that pupp disappears

    Like

  • pieceuhderockyeahright

    @ the Honourable Blogmaster

    Your assistance please with an item to nineofnine

    Like

  • Piece,
    ya know I got to defend maself befo ya gey de people the rong impression.

    Irrespective of your conclusions, I DO NOT ENDORSE UNETHICAL PRACTICES OR POLICIES by anyone.
    Not defending Rawdy or his business, but does he not have interests and operates under MOUs in other islands territories prior to coming here, certainly the business is an established fact?
    One should not accuse another of highway robbery if there is no valid evidence to date.
    Speculating intents are full of suspicion that cannot stand up to facts… Where are the facts or track records to support such “unethical intent or premeditation”?

    Sometimes things don’t always be as they appear or concatenated, such things are given the benefit of doubt until proven otherwise.
    If one is following current developments surrounding Crypto, Blockchain and product creation developments in sectors for future economic growth, one would understand why those areas were mentioned as spinoffs.

    The only concern about the arrangement is that it should have been either or… be a Senator in service to the Government and the people or be a private sector service provider, not both, as this can present a conflict of interest that can lead to insider trading.. not good, though we see it aptly operating in the echelons of the central bank

    It is clear and evidenced that the Constitution can be “updated”, therefore to avoid a REPEAT of the alleged last Administration misdeeds ..The HOA must move to “update” the Constitution accordingly, inclusive of striking away certain “rights and privileges” GRANTED by the GG.

    Like

  • @ NineofNine

    MOUs are templates that act as boiler plates.

    I can traipse across the entire Caribbean and secure a MOU from each Caricom Member state and that document does not mean anything.

    In fact contrary to the intimation that you are making AN MOU DOES NOT MEAN ACTIVELY DOING BUSINESS WITH!

    I do not speculate with these matters NineofNine.

    The me that you are seeing now, IS NOT THE ME THAT YOU KNEW 5 years ago and i encourage you to remember that going forward.

    Any substantive minister can and will sign an MOU which is a loosely formulated document stating that the parties have “an intent” to collaborate WHICH IS NOT THE SAME AS A CONTRACT.

    And you as a person in the profession know that as well and should not be hoodwinking people here on BU

    Like

  • Scroll up to the September 22, 2018 7:46 PM posting of the blogmaster of Niel Harper’s response.

    “Let’s get that straight. mMoney is actually neither a Bitcoin nor a Blockchain solution.”

    In the past we had tagged mMoney as being like “western union” or “MoneyGram”. This assessment may have been quite accurate, despite the fact that they now attempt to persuade us that mMoney has additional bells and whistles and a shiny coat of new paint.

    “Bitt has signed numerous MOUs, but to the best of knowledge, nothing tangible has been delivered”.
    This fully supports the comment posted by PUDRYR at 10:50

    In all of the hullabaloo that we have seen, there are snippets of truth that we tend to miss.

    Like

  • Piece,
    Absolutely, then there has to be a contractual agreement, bitt has started the sign up of businesses to the platform.
    Highlighting MOUs was foundation they proposed to build upon. If there is a contract and it doesn’t fall under the secrecy act, then for transparency sake, it should be printed in the Official Grazette and media….

    Like

  • Read it once and have to read it agAin to fully understand. However, a sandbox is considered a separate system (away from the main system)….

    Like

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