Tag: value

We always needed a method to trade value and probably the most practical solution to do it would be to link it with money.During the past it worked quite nicely as the money that has been issued was associated with gold.So every central bank needed enough gold to cover back all of the money it issued.However, during the past century this changed and gold isn't what's giving value to money but promises...

Crypto Currency is electronic money that's not of any particular country rather than made by any government-controlled bank.These digital currencies may also be referred to as Altcoins.They're predicated on cryptography.This currency is made by a mathematical process in order that it won't lose its value because of large circulation.You can find various kinds of Crypto Currency such as for example Litecoin, Bitcoin, Peercoin and Namecoin...

Consumers are searching for a way to store their purchasing power to protect themselves from having bank account suspended for indefinite intervals.Lots of people began trading in Bitcoins.This is a crypto-currency so it can't be easily counterfeited but before anybody starts buying in this new money it would be wise to comprehend the risks.Bitcoins aren't issued by any central bank or government so there's absolutely not any accountability whatsoever...