
2018-10-6 21:30 |
Currency is a universal representation of trust created by humans. So much so that we don’t even ask why two pieces of paper with green, gold, and black ink is accepted as a medium of exchange for goods and services.
One piece of paper can be exchanged for a cartful of groceries. Equally important, currency has enabled people to save the value of their labors for use at a future point in time.
Traditional currency we use everyday are issued by sovereign governments in which people base their trust and faith, in varying degrees.
Continue reading Will Blockchain Technology Force Greater Government Accountability Or Fuel Cryptocurrencies? at Crypto Daily™.
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