CRYPTO like BITCOIN: FinTech meeting on disrupting banking with Virtual Currencies

Eddie George - Banking Disrupters: Virtual CurrenciesEddie George always makes excellent use of everything tech, starting with Meetup, uploading videos, photos and sending reminders by email.

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

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:

In practice, we’ll wait and see… As a next step, I’ll be off to CERN for this collaboration meeting on medical imaging.

About Sabine Kurjo McNeill

I'm a mathematician and system analyst formerly at CERN in Geneva and became an event organiser, software designer, independent web publisher and online promoter of Open Justice. My most significant scientific contribution is
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