Bitcoin volatility

I am ambivalent about the new digital virtual currency bitcoin. I have discovered it quite early and bought some when each of them was worth $0.03. I jumped ship when they were $1 each, and cashed in a nice holiday trip. When bitcoins reached $1000 each, I pondered whether I should be angry about the opportunity (and fortune) missed, but decided not to: life is much nicer when one does not worry about the „what could have been, if…“s.

While it is a cool currency, its value is essentially at the merci of a few players (still), lacking the backing of a state that can (up to a degree) ensure that the money won’t become totally worthless. How volatile bitcoins value is, and the impact that a few key actors have on its value is astonishing: When the main FX exchange, MtGox, had a crisis, bitcoins value dropped from 900 to 700 within a short time.


It is exciting to watch these developments, such as the first bitcoin telling machine in Germany (in German), happening.

2014: Year of the digital society

The German ministry of research and education has declared 2014 to be the „scientific year of the digital society“ (in German). I am happy that the importance of the impact that the current „digitization“ of every aspect of our lives is being recognized. Technological change is currently revolutionizing our society. Count the number of ebook reading and phone tapping people the next time you take the subway if you don’t believe me. Looking forward to what the year of the digital society will bring.

„Open Innovation“ is part of the ruling parties coalition agreement

The coalition agreement of the next German government mentions „Open Innovation“ explicitely:

„Wir wollen das große Potenzial für wirtschaftliche und gesellschaftliche Veränderungen, ob in Form neuer Geschäftsmodelle, Dienstleistungen oder Kooperationen, durch den Auf- und Ausbau geeigneter Open-Innovation-Plattformen für neue kreative Lösungsansätze erschließen. Wir richten uns dabei insbesondere an kleine und mittlere Unternehmen, damit sie gemeinsam mit Anwendern, internationalen Partnern, großen Unternehmen, Hochschulen und Forschungseinrichtungen neue Entwicklungen vorantreiben können.“

CfP „Social Media“ der Fachzeitschrift DBW

Prof. Dr. Jetta Frost und Prof. Dr. Sebastian Spaeth sind Gastherausgeber der Zeitschrift DBW

Prof. Dr. Sebastian Spaeth und Prof. Dr. Jetta Frost, beide Universität Hamburg, sind Gastherausgeber der Fachzeitschrift DBW für ein Sonderheft zum Themenschwerpunkt »Social Media«.
Die Einreichfrist für Beiträge auf Deutsch oder Englisch ist der 31.5.2014. Den „Call for Papers“ finden Sie hier auf englisch.

Welcome to the Digital Markets blog

Hello all, welcome to the weblog of the chair of Management & Digital Market at the University of Hamburg in Germany. We are a young chair, founded in July 2013.
This blog is intended as a personal outlet of the members of the chair, of which there are currently four: Sebastian, Piet, Krystallia, and Alexandra.
We will be blogging on topics that are of personal interest. Entries represent the opinions and attitudes of the respective authors, and do not necessarily correspond with any official opinion of the chair, or the University of Hamburg.