“What did we lose that money is a substitute for?”
—Orland Bishop
A JOURNEY THROUGH THE LANGUAGE OF MONEY:
REMAKING THE ECONOMY THROUGH UNDERSTANDING MEANING
I. Crypotocurrency
—Orland Bishop
A JOURNEY THROUGH THE LANGUAGE OF MONEY:
REMAKING THE ECONOMY THROUGH UNDERSTANDING MEANING
I. Crypotocurrency
A digital currency, innovating on the existing electrical paradigm of money, in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.
II. Digital Fiat Currency
Digital fiat currency is an electronic version of a country's fiat currency, issued by the country's central bank.
III. Fiat Currency
Fiat currency is a government-issued currency that's not backed by a physical commodity such as gold or silver. It's backed by the government that issues it.
commodity money