Could Crypto-currency Disrupt Money?

Money is a strange phenomenon. Our modern notion of it mean that (in essence) it is intrinsically useless apart from as a medium of exchange. Our government, regulators, law and communities agree that phenomena (whether a physical banknote or an electronic ledger such as a bank account) have certain value, in certain units and certain denominations. From a cultural perspective however, things are not quite so clear. As society advances (technologically and socially) we find…

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The End of Paper Money

It’s quite conceivable that the grandparents (or even parents) of the future will be  made to feel even more archaic as the young of that generation look at them quizzically and state “…are you serious? You used to use bits of paper as money?!” Money is a cultural abstract.   It is the social, cultural and legal consensus of what a given society- at a given time- considers as being money.    When economies are working well-…

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