Summary of Neel Mehta, Aditya Agashe & Parth Detroja's Blockchain Bubble or Revolution EPUB
by IRB Media
EPUB
Description
Please note: This is a companion version & not the original book.
#1 On Halloween 2008, a computer scientist named Satoshi Nakamoto published a whitepaper introducing Bitcoin, a digital currency that allows people to exchange money without going through a bank or credit card processor.
#2 Money has traditionally been held in two forms: physical items like cash or gold pieces, or having a trusted institution like a bank or chieftain track how much money you have. The shortcomings of these forms of money are clear: it's easy to steal, it can't be used for online or long-distance transactions, it can be counterfeited, and it's a pain to store and transport.
#3 Humanity has always used money to solve the problems of tangibility. Money was invented by a trusted institution, such as a bank or local chief, to mediate between humans and their tangible money. However, this form of money has several shortcomings that stem from the fact that there is a middleman.
#4 What we really need in money is intangibility. M3 gives you intangibility by introducing middlemen: if you trust institutions to manage and move your money for you, you don’t have to hold tangible money anymore. But middlemen come with their own bundle of drawbacks.
Information
-
Download - Immediately Available
- Format:EPUB
- Pages:82 pages
- Publisher:IRB
- Publication Date:13/04/2022
- Category:
- ISBN:9781669385561
Information
-
Download - Immediately Available
- Format:EPUB
- Pages:82 pages
- Publisher:IRB
- Publication Date:13/04/2022
- Category:
- ISBN:9781669385561
