Post
Topic
Board Economics
Re: Money As A Product Of Innovation
by
shinratensei_
on 02/10/2016, 23:32:40 UTC
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When it exists in the private domain, money itself becomes a product of innovation. Unlike public, central bank controlled money, bitcoin and the emergence of cryptocurrencies shift the function of money to the private domain where the market demands continuous innovation. The power of choice given to the consumer by private money, allows users to choose which form of money to use in daily expenditures. This power of choice afforded to the consumer by way of a private cryptocurrency market, will enable a profound change in the way people view money and a higher overall quality of money.
with the progress of time, the human is be sued for holding the next development from the previous innovation, such as money... in the old centuries the human just using doing a trading without money.... and exchanging their product into the product of the another human's made. and a birth of money is already a great innovation at the time. and a lot of the time is passed the human will need the another development from the old innovation to be a fresh innovation. this is the era of crypto development a new innovation from the old innovation like money.