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.
Donations of $20
or
more will receive
our
Gift of Appreciation
Crypto
Currency Blockchain Coin
10 Million Max Supply Industry
leaders Bitcoin is
21 Million max supply
and Ethereum is unlimited.
_____________________
Note: IOU
Notes is a for profit company and any funds donated are not
tax deductible. We declare any donations as company revenue
and pay the applicable taxes on it.
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