Why Bretton Woods 2016

The original Bretton Woods Conference was a gathering of over 700 delegates from all 44 allied countries that took place in the hills of New Hampshire in mid-July, 1944. Their goal, in the wake of a terribly destructive war, was to organize a global monetary system that would encourage growth, trade, stability, and peace.

The agreements they made during their conference established a new financial order to the world - one, which set the pace for the greatest decades of growth the world had ever seen. Their system established the US dollar as the global reserve currency and pegged the dollar to gold. In 1971 Richard Nixon ended the dollar's convertability to gold, in many ways ending the Bretton Woods monetary system. Despite elimination, the dollar remains today the world's reserve currency, a lasting testament to the American delegates at the Bretton Woods conference.

The advent of distributed ledgers (and the tokens paid to the entities maintaining such ledgers) has the potential to impact money, trade, and access to banking more than any development since the implementation of fractional reserve banking systems.

This July, Consumers' Research will host its 2nd annual workshop at Bretton Woods. The focus of this intimate workshop will be on consumer protection. We intend to develop guiding principles on consumer protection based on the input and expertise of representatives from relevant legislative, regulatory, and enforcement bodies, as well as a diverse array of fintech, traditional financial industry, and blockchain experts.

Joe Colangelo, Executive Director

Workshop Goals

Scope

Identify and define use cases of blockchain technologies that impact consumers.

Collaboration

Establish buy-in among key regulatory and industry players in Bitcoin and blockchain space.

Security & Privacy

Identify consumer data security and privacy implications of blockchain technologies.

Draft 

Develop consumer protection guiding principles on relevant blockchain use cases.

Education

Develop clear, simple language and tools for consumer education and disclosures.

Feedback

Solicit feedback on draft guiding principles and foster adoption by relevant entities.

Participants

Digital Currency Council
Compliance Expert
Blockstream
The Mercatus Center at George Mason University
Berger Singerman
Bitcoin Strategy Group
Davis Wright Tremaine
Representative, New Hampshire State Legislature
TechFreedom
MIT Media Lab DCI
Federal Trade Commission
Microsoft
Coin Center
U.S. House of Representatives
National Institute of Standards and Technology, U.S. Department of Commerce
Booz Allen Hamilton
Harris, Wiltshire & Grannis LLP
Consumers' Research
Manatt, Phelps, and Phillips
Chainalysis
Consumers' Research
BuckleySandler
CoinStructive

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Press Coverage

Bitcoin White Paper By Consumers' Research Explores Blockchain Opportunities And Obstacles "Last July, Consumers’ Research, the nation’s oldest consumer organization,…
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Consumers' Research Highlights Benefits of Bitcoin for Policy Makers "Consumers' Research, the independent educational group and organiser of a recent…
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BitBeat: Bitcoiners Decamp to Bretton Woods, Assess the Future of Bitcoin "Bitcoin’s growth may indeed be happening at a faster…
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