Will There be Credit-Money in the Crypto Sphere?
During presentations about money, we usually hear that money has to be durable, portable, divisible and fungible. We fully agree with this distinction.
During presentations about money, we usually hear that money has to be durable, portable, divisible and fungible. We fully agree with this distinction.
In the previous article, we looked at the two dimensions of money — base money and credit money. We also looked at the different kind of monetary systems that existed in the last 5’000 years and possible scenarios for the future.
I was presenting on 28th of November 2018 at the moontec.io conference in Tallinn, Estonia about the monetary systems and about why one will need credit money in the crypto sector.
Here is our pitch from the Swiss Fintech Investor Day in Zurich:
In this video, we discuss how everything started with the decentral credit-money, evolved then to our current central credit-money system and how it will go
SmartCredit.io is a Swiss-based project launched by veterans in the cryptocurrency, finance, technology and artificial intelligence fields.
[:ru]In January 2014 we forecasted Bitcoin valuation of 10’000 USD in the Swiss CFA Charter Magazine. The value of Bitcoin reached a record high of $19,850 in December 2017. Given the hype surrounding the value of Bitcoin, what could we expect its value to be in the future? The value of Bitcoin can be derived from the following as: [:]
The traditional banking business is based on fiat currencies. Conversely, a diverse range of cryptographically secured digital coins underlie the cryptoasset industry.
Bitcoin is digital currency which enables instant payments to anyone and anywhere in the world.