Money's Worth - Deepstash
Money's Worth

Money's Worth

The financial crisis of 2008 showed that the system can buckle anytime and money may not always be worth the same.

As we get hyper-connected, the state-backed authority of currency, and what Money is really worth, is being rethought. Society has historically tried to invent new forms of currency, most recent being Bitcoin, a cryptocurrency.

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"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." ~ Warren Buffett

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The Idea of Libra Currency

The Idea of Libra Currency

The idea of Facebook's Libra, an attempt to create a new currency made from the architecture that powers Bitcoin, is that the value of new money is not derived from state authority, but a combination of mathematics, global connectivity, and trust that resides in people using Facebook.

Bitcoin offers its users many advantages over fiat money and the traditional banking system (see: Why Buy Bitcoin? ). But that doesn’t mean that there aren’t also parts of the legacy banking system which you might miss when you make the switch...

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