Re:Digital Money Across Borders: Macro-Financial Implications
by gamblor956 on Friday October 23, 2020 @03:10PM
(#24872767)
Money, perhaps more than anything else in human society, exhibits network effects that incline it toward winner-takes-all dynamics.
That's not how money works, if by money you mean a currency. Currencies are issued by sovereign governments, and don't exhibit network effects within that sovereign jurisdiction, because they don't need to. They're legal tender; you're required to accept them, and everyone needs them to pay taxes.
If you mean money as in wealth, that's an entirely different topic.
That's not how money works, if by money you mean a currency. Currencies are issued by sovereign governments, and don't exhibit network effects within that sovereign jurisdiction, because they don't need to. They're legal tender; you're required to accept them, and everyone needs them to pay taxes.
If you mean money as in wealth, that's an entirely different topic.