Leamington Books: Using Cryptocurrency to Revolutionise Publishing

The Ethical Crypto Podcast

Summary

In this episode of the Scotcoin Project podcast, Temple Melville discusses the integration and benefits of Scotcoin, a unique cryptocurrency, with Peter Burnett, a writer and publisher who owns Leamington Books. Burnett has embraced Scotcoin for business transactions and as a novel way to offer advances to authors. He shares the history behind the naming of Leamington Books and its various imprints, highlighting its literary heritage and the practical aspects of using Scotcoin in the publishing industry. Burnett’s journey with cryptocurrencies dates back to early investments in Bitcoin, demonstrating his long-standing interest in blockchain technology and its applications in business. The conversation also touches on the ethos of Scotcoin as a community interest company (CIC) aimed at promoting public good, especially within Scotland, where there is a strong focus on helping others.

Three Key Takeaways

1. Innovative Use of Cryptocurrency in Business: Peter Burnett has integrated Scotcoin into Leamington Books’ financial transactions, notably using it to offer unique payment options to authors. This integration illustrates the practical application of cryptocurrency in traditional business operations and as an innovative method for attracting contributions and fostering growth.
2. The Importance of Ethos in Cryptocurrency: Scotcoin stands out not just as a currency but also for its underlying mission as a CIC, aiming to contribute to the public good. This aspect is particularly appealing in the Scottish context, where there's a significant emphasis on community and social welfare. The discussion underscores the potential for cryptocurrencies to support not-for-profit initiatives and the importance of ethos in gaining traction within specific communities.
3. Blockchain Technology’s Broad Appeal: Both Temple and Peter highlight the broader implications and utilities of blockchain technology beyond mere investment. Burnett's early adoption of Bitcoin and subsequent interest in Scotcoin exemplify the growing interest in blockchain as a transformative technology for various industries, including publishing. Their experiences underscore a broader shift towards recognizing and utilizing cryptocurrencies and blockchain for their technological and social impact potential, beyond the speculative investment realm.