Tag: Fiat

How Crypto-currencies have Developed and their Benefits and Challenges

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We’ve largely focused on how crypto-currencies have developed and the benefits and challenges they pose to society. But these new forms of money and ways of organizing commercial activity are not landing in a static, dormant society, as if human beings were just waiting to be woken by a new monetary idea. Society itself is… Read More

The Truth of paper currency – Fiat

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Fiat Currency

What is Fiat Money? Paper currency/coins backed by nothing but a “promise” and legal status. Except for that there is no value associated with Fiat currency. As a means of exchange, that is all that you need to buy a product/service in exchange for that paper. The buyer accepts it because he/she can go and… Read More

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