Imagine there's no currency

Download or read book Imagine there's no currency written by Alessandro Raffelini and published by Youcanprint. This book was released on 2019-03-19 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Imagine there's no currency is a novel about the future of money. The Novel unfolds in the heart of an emerging economy, burdened by the dangers of hyperinflation and the looming prospect of other economic challenges. In a not-so-distant future, the global economy had been ravaged by hyperinflation, wars, and human folly. Only a handful of powerful states held sway over the rest, enjoying economic dominance and privileges. The majority of the world's population languished in poverty, while money had lost its value... It all began when an enigmatic scientist named Dr. Carter made an astonishing breakthrough... In this book, my aim is to provide a comprehensive explanation of the cryptosystem and blockchain technology. I delve deeply into the intricacies of Blockchain and cryptocurrencies, offering readers an in-depth understanding of these innovative concepts. Through this exploration, you will acquire a profound understanding of the current intricate landscape and the potential future developments in both the realms of money and technology. Moreover, I will share my visionary perspective on alternative monetary and economic model about the future of money. Years ago, I had the first insight that gave life to an innovative theory, imagining a possible "market" coexistence between cryptocurrencies and traditional fiat currencies, promoting the creation of potential alternative economic areas. This theory is based on the observation of the lack of a key variable in the Keynesian memory function of money, namely the technological innovation related to money produced precisely by Blockchain and cryptocurrencies. By adding this variable and more, I intuited that, consequently, monetary systems would move endogenously toward alternative equilibrium points between currency and cryptocurrencies with effective functionalities, such as Bitcoin, which I have always considered a possible new form of decentralized money and a potential supranational fractional reserve (optimal points of coexistence equilibrium). From here, I developed a new function of the demand for money and conducted various macroeconomic considerations for the creation of alternative digital systems in specific economic areas, which could coexist with traditional ones, but expanding economic opportunities for various reasons.