25 January 2011
Alternative and virtual currencies: the way of Bitcoin
Speaker: Donald Norman, Co-founder, Bitcoin Consultancy
New payment schemes are trying to enable peer-to-peer money transfers, dis-intermediating the banks. Money is no longer seen as the sole representation of value. New alternative currencies are being created. Facebook credits are now used by more than 250 million people. New payments schemes are being proposed at the infrastructure level of the internet. Currency is open-sourced. How can we create new systems of wealth generation and abundance? What does the future hold for banks and other financial institutions in the wake of massive peer-to-peer exchange? How do we (re)define the role of banks in this fast moving eco-system of new value providers?
Donald Norman is the co-Founder of the Bitcoin Consultancy. The group works on software development for core Bitcoin code. Donald has appeared as an advocate of Bitcoin in Reuters, Newsweek, WSJ (SmartMoney), The Independent, CNBC and others.