5 posts tagged with "money"

In this episode Dunconomics joins Bitcoin Jason to discuss life in Townsville, Australia where bank accounts are optional.

Cryptocurrencies are a new type of money which are sure to revolutionise the world for the better. Using maths or cryptography, allows participants to independently verify the integrity of the system. Any one that desires sound money can purchase or trade in a crypto such as Bitcoin, without fear of a bad actor hijacking and reducing purchasing power via money production manipulation (perhaps by the Marfia or historically by governnments). Bitcoin has similarities to old gold standards before fiat currencies. But more than gold, Bitcoin is much more portable and frictionless transacting over the Internet (or in person), making it a great medium of exchange.