Today we mourn the passing of Bernard Lietaer, one of the greatest monetary innovators of our time & President of the Bancor Foundation. Bernard was a financial justice warrior. He will be truly missed... A student at MIT in the late 1960s, Lietaer conducted an in-depth study on floating exchange rates. While working in the central banking sector, he was involved with the development of the European Currency Unit, which was a precursor to the Euro.His innovative ideas about money and how it could be changed to work for people were developed well before the blockchain was invented. He had long seen the potential in decentralized financial systems and how they could tackle issues with fiat currency monopolies.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Today we mourn the passing of Bernard Lietaer, one of the greatest monetary innovators of our time & President of the Bancor Foundation. Bernard was a financial justice warrior. He will be truly missed... A student at MIT in the late 1960s, Lietaer conducted an in-depth study on floating exchange rates. While working in the central banking sector, he was involved with the development of the European Currency Unit, which was a precursor to the Euro.His innovative ideas about money and how it could be changed to work for people were developed well before the blockchain was invented. He had long seen the potential in decentralized financial systems and how they could tackle issues with fiat currency monopolies." in the context of "Foundation announces death of president Bernard Lietaer, by David Rob, Bancor Foundation,(04 February 2019)" to mean that wisdom is timeless.