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How Cryptocurrency Technologies  Create New Money Supply

 



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In this episode of Money Creation Explained we are going to cover How Cryptocurrency Technologies Create New Money Supply.

Although Bitcoin, Cryptocurrency, and Blockchains have become common household terms, many people do not fully understand what they are. In a nutshell, all these terms translate to new technologies pertaining to digital currency and an alternative means to the existing money supply which is printed and controlled by governments. In a span of only a few years, cryptocurrencies have grown from digital novelties to trillion dollar technologies. Most people see this digital currency as the future because in theory it does not have any government control or regulation over it. All transactions are recorded on the blockchain and it has a maximum supply. People have invested in them for these main reasons and hold them as an investment for speculation that it will be worth more in the future. In reality, governments have challenged cryptocurrencies, and are regulating how people hold them and use them and they get taxed like any other personal property. In addition, many governments have considered, and are working on, introducing their own digital currencies.

Crypocurrency technologies have the power to disrupt the global financial system, since it extends money creation powers to each new crypocurrency coin that is introduced into the blockchain. This power to create money was once only in the power of governments and central banks. While on one hand, it creates a genuine positive opportunity for legitimate visionaries and entities to create an alternative currency. The negative side is the potential to use Crypocurrency in a fraudulent way such as money laundering for nefarious purposes.

Like anything in life, Cryptocurrency technologies can be used for good or bad. IOU Notes is launching a Cryptocurrency coin and will only issue a maximum supply of 10 million coins (less then industry leader Bitcoin which has a max supply of 21 million). IOU Notes Coins cannot be bought and are not for sale. We are giving them away as a token of appreciation to Crowd Funding Supporters that donate $20 or more for helping IOU Notes reach others.

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 Crypto Currency Blockchain Coin

10 Million Max Supply
Industry leaders Bitcoin is
21 Million max supply
and Ethereum is unlimited.

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