Abstract
One really huge problem of humanity is something very abstract, namely bits and bytes, that leads to very concrete global problems, namely impoverishment. Banks do create money out of nothing per accounting record, loan it and demand it back with huge interest rates. A non-bank cannot create money out of nothing, so the only way to pay back the debts is to redistribute existing money (via legal or criminal acts) or to take another loan - which then needs to be payed back with further interest rates. Distribution fights, corruption and deception are the natural results of those kinds of zero sum games. It is time to think about our fiat money system also in scientific circles, because every (further) scientific research and developement needs money that maybe could be diminished in the near future due to the ongoing financial crisis on our planet.
Stefan Weckbach