Banking Disrupters – Virtual Currencies was no exception. Meetup tells us that 41 people went (and performed for the camera).
I just wish it was all new to me when instead I have not only developed all sorts of net-working formats but also started the first virtual currency in London – albeit with cheque books – a Local Exchange Trading System or LETS. And I blogged about it as barter currencies, since mutual credit is the ethical clean principle for recording VALUE rather than creating MONEY.
But I learned about the all important Blockchain protocol to ‘make it happen thanks to the net’: the financial revolution that is required to free humanity from the bondage of usury and national debts.
However, for virtual currencies to truly make a difference, the understanding of technology has to be matched with a deep understanding of
what money is
- the London School of Economics doesn’t teach it!
what the difference is between Cash and Credit
what currencies are
why it is unethical
- Usury or Taking Interest for Money – An Overview from Biblical and Modern Perspectives – The Lord Sudeley
and even unlawful to trade with currencies:
- the intention of the writers of the Bank of England Act 1694 was to ‘avoid the serious oppression of Their Majesties’ subjects’ by not allowing the Corporation to trade – otherwise it would be fined treble the value of the transaction!
In theory, FinTech brings my scientific inventions together with my social life with meaning:
- an Ethical Investment Network – based on innovative forecasting and layering
- and Smart Knowledge Portals – based on a novel approach to analysing images
- with a mutual credit currency to reward contributing ‘data scientists’, ‘information architects’ and ‘knowledge workers’.
In practice, we’ll wait and see… As a next step, I’ll be off to CERN for this collaboration meeting on medical imaging.