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Will Bitcoin really replace a large fraction of conventional money?
These may at first be barter transactions that are not settled promptly by paying conventional money.
By and large they are right, because conventional money actually does a pretty good job.
Bear in mind that conventional money generally does its job quite well.
Bitcoin could dramatically reduce the barrier to entry for competing with conventional money transfer services.
The concept of linking value creation to social credit also offers a timely critique of the conventional money system.
Similar(44)
The fragmented approach reflects an old, oft‐denigrated, but still powerful imagery, one that naturalizes economic activity as a set of myriad spontaneous and individuated exchanges, conducted with a conventional medium, money, and predictably composing a market sphere.
Unlike conventional fiat money, bitcoin can be used to make secure, verifiable payments for goods and services, without the need for intermediaries, such as Visa or Mastercard, which impose transaction fees that, over time, can add up.
Just as the printed word is the foundation of conventional literacy, money is the basis of financial literacy.
According to conventional wisdom, money managers often plan to move funds from stocks to bonds when the bond yields reach a specific level, in this case 6%.
The Potcoin team is defying conventional banks, money laundering authorities, and the DEA in order to build out a safer way for marijuana dispensaries to deal with daily transactions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com