Blockchain has been trumped as an amazing innovation with applications everywhere to deal with the 'trust issue'. In 2017 Bitcoins, which uses blockchain, became worth over $8,000 each. Meanwhile Nobel prize winning Economist Joe Stiglitz said it should be banned as a tool for criminals and tax evaders. So what is the truth? How does blockchain work? Why as a digital currency does bitcoin take vast amounts of energy to 'mine'? Why is it the darling of extreme libertarians? Is it really proper money at all or does it come out of the past lack of understanding of money by economists? Ann Pettifor, Author of "Production of Money", discusses crypto currencies and blockchain with Steven Garner, Director of Grandeo, a blockchain technology company. Following discussion, there will be a wine reception. To find out about becoming a member of PEP including free or discounted tickets to monthly events plus a free subscription to The Mint Magazine, go here. Ann Pettifor is Director of Policy Research in Macroeconomics (PRIME), and an Honorary Research Fellow at the Political Economy Research Centre of City University, London. Her background is in sovereign debt. Ann was one of the leaders in the Jubilee 2000 debt campaign, which succeeded in writing off $100 billion of debts owed by 42 of the poorest countries. Ann was also one of the few to correctly predict the credit crunch of 2007 in NEF's Real World Economic Outlook (Palgrave 2003) and in her book The Coming First World Debt Crisis (Palgrave 2006). Her latest publication is 'The Production of Money: How to break the power of the Bank', published by Verso in February, 2017. Steven Garner FCA is the CEO of Grandeo Labs, a blockchain technology company. He also advises a crypto currency index fund and a data protection training company. He has many years experience in Wall Street and the City. He previously launched and ran a quant driven hedge fund and has worked globally for JP Morgan, Barclays and ING. He is a chartered accountant, has a degree in Economics and Maths, and his first job was working in the complaints department of Estee Lauder.
starting on 2018-06-05 19:00:00
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By keep_bitcoin_real on 2011-07-06 07:47:50
