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moneyyou (25)in #crypto • 6 years ago
Bitcoin Bubble vs Dot-Com Bubble, what is to be learned?
We now all know that the Dot-com bubble was just that, which resulted in major losses and lots of IT companies going bust. It was a classic case of a bubble where prices soured…
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moneyyou (25)in #money • 6 years ago
How is money created? [explained in 199 words or less]
To start the money creation cycle, governments issue bonds. The central banks (like the FED and ECB) then buy those bonds with money they create from thin air. The way to do that…
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moneyyou (25)in #money • 6 years ago
What gives money its value? [explained in 199 words or less]
Let’s take the Turkish Lira as an example. Start by trying to understand, what the value of all Liras in circulation would be. To do that, ask yourself what all those Liras…
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moneyyou (25)in #cryptocurrency • 6 years ago
How SmartCash adds value to the project by creating new coins
Where does Value come from? Most Crypto Coins with a currency focus have a built-in system that automatically creates new coins out of thin air! If you hold a bag of those…
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