Sentences with phrase «control values of digital currencies»
The most reasonable explanation for why the Ethereum currency dropped from a high of $ 311.46 on Monday to a low of $ 238.65 is that a market correction is taking place for the out of control values of digital currencies.
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Cryptocurrency are digital currencies too, however the important distinction rests in the fact that unlike centralized money that is managed by the banks on behalf of the governments and the people, cryptocurrencies are encrypted store of value that abides by the mathematical laws of their design and creation, which is controlled by the people themselves.
Bitcoin, a digital currency that is traded on a peer - to - peer network independent of central control, has seen its value soar in the past year as it gains attention from growing numbers of investors, entrepreneurs and regulators.
It would even put more control of the value of all digital currency in the hands of the people.
The Advantages of Cash 1» 20» Cash vs. Bitcoin 2» 50» The War on Cash and Why It Matters 3» 57» The Magic of Peer - to - Peer Transactions 4» 38» The Future of Digital Money 6» 48» Money and Surveillance 7» 25» Civil Asset Forfeiture 7» 35» Trust and Elections 8» 35» Democracy Goes Down The Toilet 8» 56» There Is No More Absolute Power Than Control Over Finance 9» 15» Global, Borderless, Uncensorable 9» 25» Not Just About Money 9» 38» Power to Express Value to Others 9» 44» Bitcoin is Not About Money 10» 05» What Gives Trust To Bitcoin As A Currency 10» 49» Who Do You Trust More in Your Life, The Banks Or The Internet?
While a money transfer between two parties in different African nations routinely costs more than 10 percent of the transaction's value, and central bankers are sometimes not resistant to the temptation to print more money, Bitcoin has extremely low costs as a payment settlement network and has a monetary policy that is essentially controlled by the users of the digital currency.
It is certainly my hope that the availability of digital currencies will provide a more gentle transition between state - controlled currency, and citizen - controlled value.