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.

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About Sabine Kurjo McNeill

I'm a mathematician, software designer, system analyst, event organiser, independent web publisher and online promoter of positivity.
This entry was posted in FinTech, Forecasting, Innovation, Internet and tagged , , , , , , , , . Bookmark the permalink.

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