Crypto-Questions
Crypto Queries A paper I recently read talked about an economic simulation of cryptocurrencies, and it provoked a few thoughts in my mind about the topic in general. In short, the thoughts were: do we have a right to call cryptocurrencies money, are the speculative efforts of individuals holding various coins restricting certain tokens from their full potential, and is it even worth going through the regulatory framework process for cryptocurrencies with such a small adoption rate and governments having the ability to implement their own cryptocurrency? Let's start by addressing the first question. What exactly defines money has been heavily debated, dating back to 1875 when English economist and logician William Stanley Jevons wrote "Money and the Mechanism of Exchange". In this work, Jevons concluded that money must have four common properties, those being: a medium, a measure, a standard, and a store. Let's break down what exactly this means. Medium: Mon