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Meaningful Metrics for a Smart Society
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Date: 2020-09-22 Page is: DBtxt001.php txt00000276

Money, Banking and Financial Services
Introduction to Bitcoins

VIDEO There are two videos here that describe how bitcoins works ...

The value of bitcoins is not entirely clear ... but it is worth some thoughtful analysis. The old fashioned paper money used to be backed with some valuable metal, and money was both a store of value and a medium of exchange. Now, more than anything, money is a component of a monetary system that has the ability to create money or liquidity as fast as a printing press will work, or better at the speed of light (electrons). This is a powerful tool ... that has the potential to overtake and crush the world's real economy. The chaos in the capital markets since 2007 reflects ... in part ... the ability to create credit without producing the underlying value.

Introduction to Bitcoins

There are two videos here that describe how bitcoins works ... but there are detracters that are linked to the videos at the end of each of these.




The text being discussed is available at

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TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends plus donations from well wishers who understand the importance of accountability and getting the management metrics right. TVM is a 'big idea' that has the potential to be a game changer leveling the playing field so the wealth and power is shared on a more reasonable basis between people who work for a living and those that own the economy and the levers of power. In order to be effective, it cannot be funded in the conventional way with a for profit business plan, but absolutely must remain an open access initiative.
WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WILL HELP MAKE THAT HAPPEN


The information on this website may only be used for socio-enviro-economic performance analysis, personal information, education and limited low profit purposes
Copyright © 2005-2020 Peter Burgess. All rights reserved.