Today at least 98% of government issued currencies are scriptural money, also known as “digital money”. This digital money is kept in commercial banks accounts or networks, and flows as digits in the database on a bank’s computer servers. This is not dramatic in itself, because banking services like (paying bills online, transferring money, credit […]
Tag Archive | "Moral Hazard"
Can Bitcoins Rebuild The Financial System?
Posted on 05 December 2013.
Posted in Bitcoins, US Dollar CollapseComments (1,038)
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