Computer Science
2 years ago

Is the Rise of Cryptocurrencies Signaling the End of Public Money?

Cryptocurrencies and fiat money: The end of a public good?
Stavros Kourmpetis, Alexandros Gazis

Paper Summary

Money is considered a public good, serving the common good and set up democratically. State money is dominant, but FinTech introduces blockchain digital currencies, possibly bringing private money back. The article discusses the pros and cons of cryptocurrency and fiat currency, exploring their possible coexistence in monetary systems.

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