[2016-11-07] Cryptocurrency: Forever Changing The Way We Think About Money

Op-Ed: Cryptocurrency: Forever Changing The Way We Think About Money

No longer are we relegated to a single medium of exchange, and if a certain currency is under-performing or subject to heavy manipulation, we the people now have an opportunity to choose one that better suits our needs. New forms of payment such as decentralized digital currencies also force people to examine the facts, think about where their existing money comes from, and who has benefited the most from the creation of new wealth. Prosperity has a trickle down effect, with the vast majority of it staying with the wealthy and their financial institutions.

Competition is healthy and ensures the consumer is not being held hostage by a monopoly, or being gouged by colluding institutions or businesses. With the advent of cryptocurrencies such as bitcoin, people can choose a currency that suits their needs, whether it be one that caters to gamers, one that is favored by businesses, or a macroeconomic monolith that will one day drive the world's economy.

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http://dcebrief.com/cryptocurrency-forever-changing-the-way-we-think-about-money/

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