With countries such as China and Sweden are studying plans to create a new form of money – a central-bank digital currency. CBDCs risk revolutionizing both the way money is created and distributed.
The Marshall Islands, Laura Beach.
Stefan Lins/Flickr
The Micronesian Republic of the Marshall Islands is about to become the first country to base its national currency on cryptomoney. Analysis of an absurd political decision.
A Dogecoin, featuring the likeness of a Shiba Inu dog.
Shutterstock
All over the world people who have been harmed by the conventional money systems are devising alternative currencies, challenging the centralised monetary policy approach.
The change in the price of crypto-currencies, like Bitcoin, and other crypto-assets are due to investors realising the value.
Chris Helgren/Reuters
While the current speculation in crypto-currency and assets should make us pause, this is not a speculative driven bubble like tulips, or gold mining stocks.
Once trust in blockchain is broken, it will be hard to get back.
Image sourced from shutterstock.com
Efforts to explain Bitcoin and cryptocurrencies in general have generally focused on how they are both a new form of money as well as a challenge to existing forms of money. Cryptocurrencies are novel…