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212ths and Kentucky Innovation Network team up to host Bitcoin 101

A Lexington web-development firm and the Kentucky Innovation Network are teaming up to host a first of its kind in Kentucky: Bitcoin 101, an introduction to the world’s most famous virtual currency. Bitcoin is described in many ways: “peer-to-peer payment system”, “digital money”, and “cryptocurrency”. It’s not regulated by any world banking system, is banned in China, can be virtually “mined” via a computer and is increasingly gaining traction with many on-line businesses in America as a substitute means of payment. But what is a bitcoin? What is its potential for the average person in Kentucky? And what might it mean for Ky businesses that embrace its use? That’s what Friday’s forum, from 2pm to 4pm, at the Bluegrass Community & Technical College Newtown Drive campus will attempt to explain.

The event was organized by the Lexington web and app-development company, 212ths (http://212ths.com/about). 212ths’ [founders] [Lafe Taylor/Lamar Wilson] said they wanted to host the event to educate, increase awareness and to dispel some of the fear surrounding Bitcoin. It’s being co-hosted by a new business coalition called “Techbase10”, a network for IT professionals, entrepreneurs, and businesses working with the Kentucky Innovation Network to grow the IT economy in the region and beyond. Kristel Smith of the Kentucky Innovation Network said events like these are important because you never know what’s over the business horizon: “You never know what the next big thing will be and we want to help IT businesses try and see what may be coming around the corner so they’re ready.”

The event is free and open to the public but registration is [required/requested]. To register and get directions and parking information, visit www.eventbrite.com/e/bitcoin-101-revolution-or-craze-tickets-10084909235. For more information, please contact Johnathan Gay of the Kentucky Innovation Network at Morehead State at jgay@kyinnovation.com or call 606-783-9536.

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