The rapid proliferation of cryptocurrencies such as Bitcoin has brought world’s attention to a fascinating idea by economist Friedrich von Hayek: competing private currencies. In the Nobel laureate’s 1976 book, Denationalization of Money, Hayek argues that there is no innate reason for governments to have a monopoly on money. He advocates a system of private currencies in which financial institutions and individuals create currencies that compete for acceptance. Hayek also points out that stability in value is presumed to be the decisive factor
for acceptance. Cryptocurrencies, thanks to their innovative solutions to decentralization and privacy, have become popular contenders in the private currency competition. However, major cryptocurrencies are subject to massive price volatility, making them attractive to speculators but unsuitable for mainstream use.
Due to current “bear” state in the market, crypto derivatives are slowly being introduced to the industry. Last week DUO made the headlines, where we highlighted the challenges of the current crypto market... https://t.co/ZKkUCKQreY via @yahoosg
We’re is proud to announce the launch of our new website and excited to introduce our community to the DUO’s website new look! Pay us a visit at https://t.co/jLRajZhuUK Read the full story here: https://t.co/7C4IQ6XwxJ
Have you read our November’s newsletter? For the last 2 weeks of November DUO’s team had TV interviews, launched a new website, completed DEX's backend system & trading rules. Read the full story here… https://t.co/dKBJxewoQA