The global economy is defined by its payment system. But a fundamental anomaly burdens the present payment system: Credit intermediation. The two biggest financial systems that owe their very existence to credit intermediation are: The...
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The full content of this chapter is available in the two-volume book:
Bit & Coin
Merging Digitality and Physicality
Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
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Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies Order on Amazon (coming soon)
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