I was very excited to take part in the first official CoinScrum Bitcoin Bootcamp in London yesterday. Lots of great people, I felt honoured to present alongside Hakim Mamoni and Edd Harpham.
Before you ask yourself “what is Bitcoin?” ask yourself “what is Money?”
Yesterday’s talk reinforced my belief that in order to really understand Bitcoin or virtual currencies to that matter, one has to really understand what is Money, and what is Currency (Money is a concept and Currency is a tool). We can of course use Money and Currency without understanding them, just like we can make babies without really understanding what’s going on, but using something and understanding something is not the same thing.
Understanding Money and Currency is quite abstract and takes time to grasp, but if you really what to understand how virtual currencies can change the world, you should really understand Money and Currency.
You can view the slides from last night here:
It’s a 50 years project…
The other thing that got stuck in my head yesterday was what Paul Gordon, who runs CoinScrum, told me as a passing comment, it was something along the lines of “it’s a 50 years project and we need to be careful when speaking about Bitcoin. Until the currency is stable, it’s a risky investment…”
Apologies Paul if I miss quoted you, but that was the gist of it, and I totally agree.
Eleven Thirty PM 