money
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Winners and Losers: a cashless society
In Sweden, cash retail transactions have fallen 80% Digital transactions in China have risen from 4% in the past 20 years to 34% in 2017. A cashless society provides many benefits to society Countries spend roughly 0.5% of their GDP managing physical cash Consumers have better tracking of their money in digital forms, more convenience, Continue reading
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How we Ended Up in a World of Bitcoin—”Worthless Artificial Gold”

If you follow the world of business news, you will know that Charlie Munger recently called Bitcoin “worthless artificial gold.” That is not technically wrong, as Bitcoin has no inherent value, nor does it produce anything physical, and, much like the internet, it’s “in the cloud” and people don’t really understand Bitcoin. I do like Continue reading
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