The Case for Alternate Systems of Money in Today's World

Written by sid | Published 2020/03/26
Tech Story Tags: economics | cryptocurrency | bitcoin | money | alternative-currencies | social-money | blockchain | hackernoon-top-story

TLDR Political money backed by governments remains the most widely used money today throughout the world. It is the defacto method of payment for most of the commerce taking place inside a political unit. Alternate systems of money have supplemented state issued money throughout history. They provide a buffer against mismanagement of monetary systems by central authorities, and provides an alternative to the people. The time is ripe for alternate systems of. community money, such as Bitcoin and Bitcoin, to be tested as an insurance policy in today's world.via the TL;DR App

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Written by sid | building SocialFi as novel onchain assets for communities and AI agents via Form. Prev. social tokens at Roll
Published by HackerNoon on 2020/03/26