The Future of Money II: Understanding Cryptocurrency

What Is Cryptocurrency?

In December 2017, BitCoin skyrocketed to its (at that time) all-time highest price of $19,650. One year later, most of them (including BitCoin) had dropped back down to their pre-2017 prices where they stayed until November 2020. BitCoin is now threatening to break $62,000, and other cryptocurrencies have surpassed their 2017 peak prices.

Today, the world is changing. Cryptocurrency, and other applications of blockchain technology, are revolutionizing industries. Non-fungible tokens are turning the digital art world upside down. Celebrities are launching their own coins. People are making fortunes on the cryptocurrency exchange markets.

In this virtual gathering, we will breakdown cryptocurrency and blockchain technology, public ledger, coins, tokens, coin exchanges, digital wallets, initial coin offerings, airdrops, DeFi, nodes, masternodes, mining, and smart contracts.

This meeting will be recorded.

About the Host:

Donald Gerard, MA, CHT, is a WisdomWork Coach who is passionate about helping adults identify and change lifelong patterns so that they can experience more clarity, alignment, and flow as they move through major life transitions. Before serving as WisdomWork Coach, Donald had a successful career in tech which included knowledge engineering as well as management of computer operations and information systems, tech support, customer support, and wide and local area network operations for financial institutions and tech start-ups.

The Afro Futurist Agenda: The Future of Money

Believe it or not, not too long ago, monetary transactions were mostly local, cash-based, and involved banks. Then, EDI and telephone networks made electronic transactions possible. Next, the World Wide Web arrived, bringing with it online transactions. And now, with apps like Venmo, CashApp, and more, transactions can be international and banks no longer need to be involved.

Today, for many people, all currency is digital, and money is simply numbers in accounts (and not necessarily in banks). In Sweden and other countries, cash is almost extinct and people implant microchips in their hands to pay for things. We’re also seeing the re-emergence of the barter and gift economies, both of which don’t use money at all. And then there are cryptocurrencies.

What is the future of money?

In this virtual gathering, look forward to a lively discussion on how current and future technology does and will affect personal finance, community economics, and global trade. Please join us as we share and explore ideas, tap into our collective hearts and minds, and have fun as we brainstorm a future in which Black people continue to thrive against all odds.

About the Host:

Donald Gerard, MA, CHT, is a WisdomWork Coach who is passionate about helping adults identify and change lifelong patterns so that they can experience more clarity, alignment, and flow as they move through major life transitions. Before serving as WisdomWork Coach, Donald had a successful career in tech which included knowledge engineering as well as management of computer operations and information systems, tech support, customer support, and wide and local area network operations for financial institutions and tech start-ups.