Post
Topic
Board Economics
Re: Money As A Product Of Innovation
by
raven7886
on 27/11/2016, 08:05:20 UTC
If Bitcoin is set to be just a replica of gold, where is innovation here?
An innovation does not need to be a complete alien thing.

Gold was a successul medium of exchnage of olden ages. So, obviously its replica may get more possibilities for similar success. I meant to say, if money is a product of innovation, then a latest inclusion in that series must be bitcoins.

When centralised currencies are in dominance, bringing up decentralized assets (even if it is an existing one) must be an innovation.