There existed a thriving community where the people happily display their yams, eggs, tomatoes, chickens, and corn on their market days.
Whenever there was a storm that damaged the roof of any of the dwellers the people easily volunteered to help, knowing that if they themselves had a problem one day, others would come to help them. No currencies ever exchanged hands.
One market day, an elegantly dressed stranger with a black leather jacket came
Category: Money
Global finance and monetary system.
The King of Civilization: Monetary System
There is money yet community decay, and lack of educational opportunity puts the mind of children to waste and causes ecological breakdown. It’s apparent that the conventional monetary systems and currencies give rise to competition and yet remain scarce. It’s important to understand that the success of a nation or the world is not a state, but a process.
The New Financial System :: Decentralized Finance (DeFi) Vs Centralized Finance (CeFi)
Global finance witnessed a revolution with the advent of Blockchain and Bitcoin. We blogged about our adventurous experience in building a digital currency that was trying to be Bitcoin and not Bitcoin at the same time. Over the last 10,000 years, money has transformed from cattle and shells to today’s electronic currency. Currently, almost every aspect of banking, trading, and lending is managed by centralized financial systems and regulated by governing bodies. However, the world is moving towards decentralized financial systems. Money needs to move fast.
Behind the Scenes of Money Evolution: The Inception
How can the global financial system bring about sustainable abundance? Over the last 10,000 years, money has transformed from cattle and shells to today’s electronic currency. In this series: Behind The Scene of Money Evolution, we will chronicle the transformation of money. We are social by naturethe and need others to survive. Money was introduced […]