Crypto credit money — Will this time be different?
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Crypto credit money — Will this time be different?In the previous article, we did look at the two dimensions of the money — on the base money and on the credit money. We looked as well, which kind of monetary systems existed in the last 5’000 years and what could be possible scenarios for the future.The key question is — will this time be different? Will we enter the phase with crypto base money without crypto credit money or will there be the credit money as well in the crypto sector?ClassificationHere is the summary of the monetary systems from the past 5’000 years.The first conclusion from the previous article is that the monetary systems are not static, but they are evolving:• The monetary systems started with commodity base money and decentral credit money• The next step was sovereign coins (...)
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