Thoughts & Talks

Currencies, Evolution and Blockchain

Currencies, Evolution and Blockchain. ‘Creative destruction threatens power. This is why disruptive innovations require new models of thinking to truly enable new technology to reach its potential in a competitive market.’ — Tim Wu, The Master Switch It is an undeniable fact, nowadays, that in our everyday life we use different currencies irrespectively whether we realize it or not. Using it every day one would think that most people should be familiar with the creation process, how money flow is regulated, how amounts are increased/decreased and basic currency history. However, most people do not possess this knowledge. The need to retrieve a tradeable object has already been existent since ancient times. People traded shells, stones, etc. for a desired good. Hence, exchange transactions, and “currencies” were existing even then. However, in time people expanded their trading habits and territory and became more and more aware of the value and power of money and started to use it as a tool for manipulation on different levels. (more…)

By Betina Bogdanova, ago