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Wednesday, October 18, 2017

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To what point will we dematerialize money?

By A_Pietro, published on Jun 5, 2014

...assaults governments launch against bitcoins, they keep re-appearing.As a non-governmental currency, it is the most dematerialized form of money we have. Is it possible that it would, one day, be embodied by actual bit coins and bit notes?

Graham Ingham, an economic expert from the BBC, states in a 2013 article about the genesis of the American dollar “by the end of the war, these Continentals [the short-lived currency Americans used at their very beginnings – editor’s note] were worthless - hence the saying "not worth a Continental" - and the new republic needed to establish... (more)

Tags: economy, finance, money, banking, banknotes, states

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