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Tag: #Paper money

Can DeFi Replace Your Bank?

Banks have been around for hundreds of years. The first banks started out as places that held gold in deposit and gave you a receipt that you could use to get your gold back. From there, some banker got the wild idea to make the note itself transferable to other people. Paper money was born.

Census Open Finance About Crypto, Blockchain, Census Article, DeFi August 20, 2020August 20, 2020 4 Minutes

Digital Fiat vs. Cryptocurrency

What is digital fiat and how does it work? Does it compare favorably with cryptocurrency?

Census Open Finance About Crypto, Bitcoin, Blockchain, Census Article, Finance July 7, 2020July 7, 2020 4 Minutes

Let There Be Money – Part 1

Jar of coins

We are used to money being issued and controlled by the state – but if we look at its history we see that money originates from the free market. Without money, a reasonable division of labor would not be possible.

Austrian Economics, Census Article, Economics, Finance, History of Money, How Money Works April 28, 2020May 27, 2020 3 Minutes

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