Quote from: Buttermellow on April 04, 2018, 09:47:53 AM

Today as we modernize some of the aspects in the economy like in the production wherein pneumatic machinery are being introduce. Thus, innovation has already prove its efficiency in the production which lowered the production cost. In the areas of transportation, there are cars also being introduced that run by a battery and efficient also and economy in terms of expenses maintenance compared to gasoline powered cars. Other than that there are already other inventions that promote the comfort of living in life. Thus, digital currency is another innovations. Could you consider bitcoin as the new innovations for fiat money? The answer will be used in my research term paper for the adaptation of unified digital currency that could be used by the people around the world.

Bitcoin is a unique innovation but Bitcoin it has a big difference with fiat currency. In order to make a bitcoin you have to mine it using a computer that consumers electricity. It will cost you thousands of $ to create 1 Bitcoin while fiat money only cost few cents to create it.

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