Cryptocurrency – What it Means for Central Banks, Companies and Associations – Presentation for LACCNYC

We all know what cyrpto currency assets are at this point, but to correlate current events with the role of International Central Banks and International Trade is indeed complex. This presentation was for the Luxembourg American Chamber of Commerce in New York City. It does assume a baseline understanding of international finance and the role of Central Banks, Securities and International Trade.

Some highlight slides followed by the embedded presentation from slideshare. Note: these are NOT all of the slides from the presentation, so be sure to view the embedded presentation on cryptocurrency on linkedin.

Title slide on Cryptocurrency for companies, associations and the impact on central banks and international finance
How to finance wars 101 – the conspiracy of paper and Ron Paul’s take on the correlations

An excellent read on this topic is the conspiracy of paper.

The following slide is CRITICAL to understand the differences between how Central Banks functions versus how Cryptocurrency functions. Although people are working on options that reduce the all-or-nothing nature of the change. (see slidedeck for more)

Central Banks versus Cryptocurrency – a line by line comparison. Focus on the “Monetary Policy” part.

OK, WHAT IS CRYPTOCURRENCY?! Speak English Please!? This is the way I try to explain cryptocurrency in plain language so that normal people can understand it. This is the simplified explanation of cryptocurrency:

Think of crypto in 3 parts, just like a library book you check it out (object), sign the slip (ledger) and agree to return it by Friday (the smart contract).

Where does cryptocurrency come from and why should I care anyway? Let’s start with the “who makes this stuff?” question. Because that is the important part. It’s all about CONTROL.

Crypto – “Proof of Work” (I did stuff that was hard) or “Proof of Stake” (I’m Mr. Big so I give you paper money, like the Federal Reserve bank.)

The above slides highlight some of the critical slides in the presentation on slideshare on cryptocurrency as presented to LACC-NYC by Ed Schipul. The presentation, with some sensitive slides redacted, is embedded below.

You can access the CryptoCurrency Presentation directly on slideshare at https://www.slideshare.net/eschipul/cryptocurrency-lacceschipul

Note: This was sponsored by Tendenci – The Open Source AMS (Association Management Software) and the Luxembourg American Chamber of Commerce of New York City is a Tendenci client. The presentation was done at no cost for LACCNYC and I did not, and the company did not receive any compensation. I just like economics, associations, and crypto in addition to my various other interests. (Although to be fair, I have made some $$ from crypto trading from studying patterns in publicly available data sets. I mean, why learn ML/AI if you can’t use it a bit….)

Ed Schipul on linkedin.