Bearer Money: What is it?

Bearer money is money that can be passed physically from person to person. The important point about it is that it does not have and cannot have any knowledge of who owns it. Whoever carries it is considered its owner.  Bearer money can and does move from place to...

The Stable Coin Dynamic

A frequently discussed question is whether a cryptocurrency will eventually usurp all of the major fiat currencies, such as the US Dollar or the Euro. This is a complex question. To provide a coherent answer we need first to describe and then move beyond the...