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Flip to reveal answersWhy is money a hard digital good?
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All 4 Flashcards — Goods and currencies
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Question
Why is money a hard digital good?
Answer
Digital things copy; money must move. Spending has to remove it from the sender.
Question
The two ways to keep digital money honest
Answer
One organisation holds the record, or thousands of copies of one shared record are held.
Question
The real trade in digital currency
Answer
Control by an organisation you can appeal to, against control by a rule that cannot be appealed to.
Question
Why mobile money reached the unbanked
Answer
It used phones people already owned, so it needed no new branches or infrastructure.
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Full study notes for Goods and currencies
Topic 4.2 hub
Economic
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