It is hard to decide the battle. One praises banknotes and fiat and the other one is praising cryptocurrencies and Bitcoin. Let’s take a look at the comparison between them and what type of currency has advantages. Properties of money Money serves two main purposes. It is a store of value and means of exchnage.
Although people do not see this development yet, fiat money will probably not survive the next generation and will be replaced by some form of digital currency. Let’s see if and how this scenario is possible. More and more people believe in digital currencies Recently, more and more people are inclined to claim that in
Monetary reforms are not a new idea. In fact, there were quite a lot of such reforms already carried out in the history. So why it should interest us? Monetary reforms were historically used when national economies reached a state of no return – were highly idebted and there was very little left that governments
The COVID-19 pandemic is making cash-based societies all over the world sink into oblivion with the help of decentralized technologies. Technology has always been one of the main drivers that has boosted social changes. Of course, there have been other reasons: wars, natural cataclysms and disasters, plague pandemics and more. Speaking of such, the current
Physical money or else cash – a chinese invention that we as humanity have mastered so much that we can recognize its “whispering sound” even without seeing it. A small piece of paper that so far gives us a feeling of some freedom and independence. Color-coded papers with printed numbers, which, in addition to a