Quote from: JENREM on April 28, 2017, 07:23:50 AM

Quote from: mynhpark on April 27, 2017, 03:23:24 PM

South Koreas central bank has published a new working paper analyzing a dual-currency regime by pitting cryptocurrencies against traditional fiat currencies. Fiat currencies have been historically known to decrease continuously, the authors confirm, due to inflation and the factor of new money pumped in to the supply by the central bank, also known as quantitative easing. Bitcoin, in stark contrast, has a fixed supply which would imply a deflationary bias, the authors note. However, security or trust issues the decentralization of digital currency and the absence of insurance provided by governmental authorities may prevent digital currency from being used as a store of value. Instead, digital currency may be used as a medium of exchange dominantly.

Do you agree with this research result?

@mynhpark ,i think digital exchange will be dominant in the near future. but not now maybe. because not all countries will see these as to what south korea have seen it. but there will always be a room for adaptation. if central banks of the world will really research for this and find something more beneficial from this, then maybe that is the time that digital currency will be dominant.

Yeah, the South Korean provided a shelter for the Bitcoin and the rest of the Digital currencies to be used as a medium of exchange. It is also a challenge for the economists to play their role in the development and adoption of the crypto currencies for the betterment of their countries. Also the research clearly predicts that the coming age is of the digital currency and digital exchanges.