Karin Franklin, Program Coordinator, for March introduced Cameron Schrog. Cameron's presentation today is on Bitcoin. What is Bitcoin? Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments.
Instead, it relies on peer-to peer software and cryptography. A public ledger records all bitcoin transactions and copies are held on servers around the world. Cameron talked about the evolution of money from early times of bartering to current Bitcoin. He talked about the six characteristics of money: Flexible, portable, divisible, difficult to counterfeit, limited supply and durable. NFT (Non-Fungible Token) came on the scene in 2016-2017. "Token" means that it can be transferred on a blockchain. Essentially, NFT's are assets that carry a unique digital identity and can be traded and can be traded on a public blockchain.
Currency is backed bank notes. Internet money arrived on the scene in 2008-2009. The advantage of Bitcoin is you can use it 24-7.
President Liz called the meeting to order at 7:05 am. Nancy Pacha said the Iowa MOST fundraiser will be Monday April 4, 2022 at the Coralville Performing Arts in Coralville at 6:30 pm. Can-Do sorting will be Saturday April 2, 2022. District Assembly and Outbound Youth Exchange Training will be held at DDMAC in Newton beginning at 8:30 am. on April 2 2022. RLI will be held in Ankeny April 9, 2022. All three sessions will be held. Chris and Vernette talked about Foundation Dinner and District Conference April 21-23.
The club will be providing a basket for the silent auction. Karin Franklin talked about the Privilege Walk for DEI that was held March 24, 2022. The next sessions are April 14 and April 28, 2022 at Oaknoll East.
Peggy Doerge will conduct a meeting on March 31, 2022 at her house for the Opportunity Fund
Meeting adjourned at 8:00 am.