Yesterday, while surfing the social media that aggregate trends, Twitter, I ran into what was like a very exciting poll, the best I have seen this year.
The poll was created by International Monetary Fund (IMF) to monitor the two types of virtual currencies which are; the cryptocurrencies and the central bank digital currency.
The poll went thus;
1. Are central banks digital currency really money? The poll result was Yes (33.8%) and no (66.2%)
2. Are crypto currencies really money? The poll result was; Yes (79.9%) and no (20.1%)
What is your opinion about these polls?
Money is what you see yourself as money. Money is a general medium of exchange that was once introduced as an intermediary in order to be able to trade all goods with one another. Before, if I had cases for sale and I needed wood, then I had to look for someone who sold wood and needed or accepted cases. So you always had to have a one-on-one match, which generally inhibited the movement of goods. Money has removed this barrier. So money is everything that is generally accepted as a trade substitute. This can be paper money, gold, shells, stones or cryptocurrencies.