At our meeting on June 2nd your reporter felt transported back to the beginning of my sophomore algebra class which boggled my mind for several weeks. Arnold Spenser gave us a peek into the world of cryptocurrency which dispenses with any country's legal tender and any exterior regulation. At present there are upwards of 5000 such media with the most well known being Bitcoin.
Replacing the trust factor between established sellers and purchasers is the Block chain which records transactions instantaneously in permanent digital form on a chronological basis. Chains can be open to the public, between established business actors only or private data sharers. The fact that transactions and payments occur immediately with no delays suggest that businesses will use cryptocurrencies at an increasing rate. For those of us who are retired the future will be as spectators rather than as players but it promises to be interesting. Yours truly ultimately mastered algebra and calculus, but cryptocurrency will forever be a mystery.