Post
Topic
Board Economics
Re: Electronic Money vs. Physical Money
by
Granslam
on 04/03/2018, 05:46:21 UTC
Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley
Well obviously from the word Electronic money this includes the bitcoin, ethereum, Ripple, Monero and so many more, this electronic money is a codes encrypted to a computer that has a signicant value for example 1 bitcoin = $10000 while physical money is the money that is tangible, however this physical money's value is determined also in demand , in foreign aspects , treasury note and through reserves.