--

great question Jay and I am no expert but in my limited knowledge, while blockchain anonymizes transactions, the democratizing part lies in the fact that it is all technology-dependent and not dependent on a regulated / government central bank - i.e. money doesn't all get controlled by the govt. unlike a fiat currency hence allowing anyone to be part of the system via new forms of "currency" - and the value of these cryptocurrencies lies in demand / supply largely vs. needing any financing as such - they're mined at a controlled rate, and demand supply dynamics control price

--

--

Pranshu "Maverick" Dwivedi
Pranshu "Maverick" Dwivedi

Written by Pranshu "Maverick" Dwivedi

Stay-at-home-dad who "retired" from a 12-year career in finance at the age of 35. Curious thinker with an opinion on nearly everything and is here to share it.

No responses yet